As per this study the Global Polypropylene Resin Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Polypropylene resin is the type of thermoplastic resin that is commercially synthesized by polymerization of propylene. It is a rigid crystalline compound that exhibits high tensile and impact strength, excellent resistance to chemical and electrical resistance at elevated temperature conditions. It is used in automotive, packaging, pharmaceutical, consumer goods, and various industrial applications.
The soaring demand of polypropylene resin from consumer goods, packaging, pharmaceutical and other end-user industries is driving the market growth. Rising demand for recyclable and lightweight materials is generating high demand for polypropylene. Booming construction sector resulting high demand for pipes, pumps and geosynthetic materials is fueling the market growth. On the other hand, the volatile raw material price may challenge the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polypropylene resin.
The broad polypropylene resin market has been sub-grouped into product type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- High Crystalline
- Block Copolymer
- Random Copolymer
- Rigid Packaging
- Flexible Packaging
- Electrical & Electronics
- Consumer Goods
- Material Handling
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for polypropylene resin in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Polypropylene Resin Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the polypropylene resin market include BASF SE, Chevron Phillips Chemical Company, LLC, Dynachem Co. Ltd., E.I. du Pont de Nemours, Exxon Mobil Corporation, HMC Polymers Co., Ltd, K Polymers, Inc., LyondellBasell Industries, Scott Bader Company Limited, The Dow Chemical Company and Toray Industries, Inc. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.