The automotive plastic compounding market is segmented based on product type, application, and end-use industry.
1. Product Type:
a. Polypropylene (PP) - This versatile sub-segment is extensively used in automotive interiors, exteriors, and under-the-hood applications. It offers excellent mechanical strength, heat resistance, and durability.
The automotive plastic compounding market includes several key players, such as LyondellBasell Industries Holdings B.V., BASF SE, SABIC, Dow, Ferro Corporation, Ascend Performance Materials, Washington Pen, Ravago, KRATON CORPORATION, Chevron Phillips Chemical Company LLC, and SCG Chemicals Public Company Limited.