PP Compounds aid switch to electric vehicles
8 September 2020
According to our new authoritative report published in September 2020, market penetration for Polypropylene Compounds is rising despite a slowdown in demand in 2020 triggered by Covid-19. The shift towards electric and hybrid electric vehicles, while threatening some existing underhood applications, is creating major new opportunities for PP Compounds in lightweighting and power management. Underway in the automotive industry are major changes in the supply-chain with many businesses facing existential threats even before the impact of Covid-19. The shift to electric vehicles and the prospect of autonomous vehicles puts pressure on OEMs as never before and opens doors for new entrants such as Tesla but with others following. These are choppy waters for companies to navigate through. PP/PP Compounds bring some inherent benefits such as low density but also have seen sufficient technical development to enable them better to compete in semi-structural applications.
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