The global demand for Polypropylene Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Tons in 2021 and foreseen to touch XX Tons by 2027 with a CAGR of XX% during 2021-2027.
Polypropylene or polypropene, a thermoplastic polymer is manufactured by chain-growth polymerization of propene. Polypropylene holds various advantageous features such as chemical and thermal resistance, superior surface hardness, and excellent tensile strength. It is an extremely flexible, crystalline, translucent, and lightweight non-polar polymer that belongs to the group polyolefin. It is simple to customize and various colors can be given to the final product without disturbing physical or chemical properties. Due to these properties polypropylene finds numerous applications across various industry sectors including automobile, construction, electrical, electronics, food and beverages, healthcare, laboratory wares, and packaging.
The global polypropylene market is witnessing upsurge owing to new emerging applications of polypropylene and advancement in technology. The significant factors that are uplifting the market include the growing usage in end-use industries such as the packaging and medical sector, increasing applications in household products, and growing usage in the automobile industry as a prominent factor in a seat assembly, door assembly, and safety subunits. Moreover, factors such as a growing preference for plastic over metals, increasing usage of polymers in food & beverages as packaging solutions, and increasing demand in laboratory ware and agricultural tools are fuelling the market. However, the COVID-19 pandemic is expected to shrink the growth of the polypropylene market for some period as many industries are at a standstill and facing an economic crisis.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of polypropylene.
The entire polypropylene market has been sub-categorized into type, application and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End-Use Industry
- Injection Molding
- Fiber & Raffia
- Film & Sheet
- Blow Molding
- Building & Construction
- Electrical & Electronics
This section covers regional segmentation which accentuates on current and future demand for polypropylene market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Polypropylene Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polypropylene market include Exxon Mobil Corporation (US), LyondellBasell Industries Holdings B.V. (Netherlands), SABIC (Saudi Arabia), INEOS (Switzerland), China Petrochemical Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.