PUBLISHER: Grand View Research | PRODUCT CODE: 1631515
PUBLISHER: Grand View Research | PRODUCT CODE: 1631515
The MEA polypropylene compounds market size is anticipated to reach USD 2.55 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% from 2025 to 2030. Growing demand for lightweight material from the automotive, consumer electronics, and building and construction industries is expected to drive the market.
The electrical and electronics segment is expected to be the fastest-growing application segment with a volume-based CAGR of 5.2% over the forecast period. The growth is attributed to the rising use of polypropylene (PP) compounds as a replacement for conventional thermoplastic materials in electrical and electronic applications. They are widely used for the production of smaller appliances as well as large parts with low sink marks and minimal distortion, such as washing machine top panels, dishwashers, refrigerators, washing machines, and dryers, owing to their superior flexibility, lightweight, improved impact, and excellent heat performance.
Rapid urbanization, coupled with rising consumer spending on day-to-day household goods, has compelled manufacturers to improve their product portfolios to accommodate functional, attractive, and simple items for consumers as a step toward convenience living. This has led to the rising penetration of PP compounds in the consumer goods application in recent years. Growth in the population, rapid industrialization, and increasing disposable income in emerging economies, including Saudi Arabia, UAE, Morocco, and South Africa, are expected to boost the demand for PP compounds in the electrical and electronics application segment over the forecast period.