Polypropylene Market was valued at US$ 112.02 Bn. in 2021. Global Polypropylene Market size is expected to grow at a CAGR of 5.81 % through the forecast period.
Polypropylene Market Overview:Polypropylene, a synthetic resin built up by the polymerization of propylene. One of the important family of polyolefin resins, polypropylene is molded or extruded into many plastic products in which toughness, flexibility, light weight, and heat resistance are required. To know about the Research Methodology :- Request Free Sample Report Polypropylene (PP) is one of the most commonly used thermoplastics in the world. Polypropylene uses range from plastic packaging, plastic parts for machinery and equipment and even fibres and textiles. Polypropylene (PP) is a tough, rigid, and crystalline thermoplastic. Polypropylene is one of the most versatile polymers and is used in almost every modern industry. Polypropylene provides resistance against chemicals and extreme temperatures and is increasingly used in packaging, automobiles, building & construction, healthcare, and electronics. The report explores the Polypropylene Market's segments (Connectivity and Content, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Polypropylene Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Polypropylene Market's contemporary competitive scenario
Polypropylene Market Dynamics:Polypropylene is a good material for packaging because of its low density, light weight, great heat resistance, durability, and high clarity. For insulating building wraps and electronic items, polypropylene is also utilised in the building and construction, electrical, and electronics industries. The sales of electric cars in China are expected to treble in the next few years, according to the country's Ministry of Industry and Information Technology. These all serve as important growth catalysts for polypropylene. The market for polypropylene is expanding quickly as a result of the rising demand from the packaging sector. The rising consumption of packaged foods and drinks is linked to this increased demand. Because of its capacity to block moisture, polypropylene is better able to offer the food and beverage industry efficient packing solutions. It also helps to lessen the likelihood of food spoilage and quality loss. In addition to being used to make toys and other products, polypropylene is also used to make clothing, sports equipment, and other items. It is also very flexible and easily moldable. Due to these characteristics, the agricultural market is anticipated to have strong development potential over the next few years due to the rising demand for agricultural instruments like drippers, microtubes, and nozzles. The significant increase in electric vehicles is giving polypropylene new uses. The rise in government rules regarding the reduction of greenhouse gas emissions from conventional vehicles, the great fuel efficiency offered, and noiseless operation are all factors contributing to the surge in electric vehicle sales. The vehicle can be made lighter by using polypropylene. For electric cars, weight reduction is important because it extends their range. One of the plastics most frequently used in electric vehicles is polypropylene. These reasons make it anticipated that the expansion of the electric car sector would provide polypropylene with a number of prospects. The demand for polypropylene from the healthcare & pharmaceutical industries for surgical equipment and other medical products has increased due to its non-corrosive nature and chemical resistance that further would enhance the shelf life of drugs. The construction and building industry's increasing demand In addition to siding, carpet fabrics, air and moisture barrier membranes, films and sheets used in insulating building wraps, industrial adhesives and tapes, and plastic components used in piping, polypropylene can be used in a range of building and construction applications. Polypropylene is one of the mostly used plastic in 3D printing application with growing demand across the region. The key growth driver for the polypropylene market is the rising demand from end-use sectors including packaging, automotive, building & construction, healthcare, and electrical & electronics. Low-cost polypropylene has outstanding mechanical qualities and moldability. Because of this, polypropylene makes up more than half of the plastic used in the automotive industry. Numerous components, including bumpers, instrument panels, and door trims, are made of polypropylene.
Polypropylene Market Segment Analysis:Based on Type outlook, Polypropylene Market Segmented into the Homopolymer and Copolymer. Polypropylene Homopolymer led the market because of homopolymers are produced by using a single type of monomer, homopolymers can be used in different processing technologies, such as injection molding, blow molding, film, fibre, sheet extrusion and thermoforming. Homopolymers providing a broad set of properties to meet the market needs in packaging, household goods, textiles, film, healthcare, and, pipe as well as applications in the automotive and electrical industries. Polypropylene Copolymer segment held the second largest market share because of Polypropylene copolymer (PPC) is a bit softer but have better impact strength, is tougher and more durable than homopolymer polypropylene. Copolymer polypropylene tends to have better stress crack resistance and low temperature toughness than homopolymer at the expense of quite small reductions in other properties. Based on the process, Polypropylene Market Segmented into Injection Molding, Blow Molding, Extrusion and Other. Injection molding led the market because of Polypropylene injection molding material is a thermoplastic addition polymer made by combining several propylene monomers. It features a wide range of applications that include packaging of consumer products, plastic components for such industries as the automotive industry. Injection molding machines can produce plastic parts for rigid walls such as plastic jars and plastic containers. There is minimal waste in injection molding as the scrap can be recycled again. The market for polypropylene is projected to register the second highest growth in the blow molding application segment. The increasing demand from the food & beverage sector is also a significant factor in the polypropylene market. Based on the End user, Polypropylene Market Segmented into Automotive, Building & Construction, Packing, Medical, Electrical & Electronics and Others. Packaging segment led the market because of Good barrier properties, high strength, good surface finish and low cost make Polypropylene ideal for several packaging applications. Polypropylenes perform well in blow molded and sheet thermoformed products for food, personal care, health, medical and labware applications, household chemicals and beauty aid products. In Flexible Packaging Polypropylene films excellent optical clarity and low moisture-vapour transmission make it suitable for use in food packaging. Other markets shrink-film overwrap, electronic industry films, graphic arts applications, disposable diaper tabs and closures, etc. PP grades are used to produce oriented, bi-oriented and cast films and foils. In Rigid Packaging is Polypropylene blow molded to produce crates, bottles, and pots. PP thin-walled containers are commonly used for food packaging. Automotive segment held the second largest market share because of Due to its low cost, outstanding mechanical properties and moldability, polypropylene is widely used in automotive parts. Main applications include battery cases and trays, bumpers, fender liners, interior trim, instrumental panels and door trims. Other key features of automotive applications of PP include low coefficient of linear thermal expansion and specific gravity, high chemical resistance and good weatherability, processability and impact/stiffness balance.
Polypropylene Market Regional Insights:Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The market growth over this region is attributed to the growing demand for product from the automotive and packaging sector along with prevalence of various market players within the region. North America held the second largest market share, is estimated to show lucrative growth over the forecast period, due to the increasing use of packaging in the food and beverage industry along with rising consumer demand for lightweight automotive components and electronic products in the region. Europe polypropylene market grow in the forecast period because of rise within the aging population, growing demand for convenient packaging, growth of the e-commerce business and the growing on-line food delivery market. The increased consumption of plastic products from major developing applications with rapid industrialization is considered to opportunity for the rise of demand in European market. The objective of the report is to present a comprehensive analysis of the Global Polypropylene Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Polypropylene Market dynamic, structure by analyzing the market segments and projecting the Polypropylene Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Polypropylene Market make the report investor’s guide.
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Global Polypropylene Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US$ 112.02 Bn. Forecast Period 2022 to 2029 CAGR: 5.81% Market Size in 2029: US$ 176 Bn. Segments Covered: by type • Homopolymer • Copolymer by Process • Injection Molding • Blow Molding • Extrusion • Other by end user • Automotive • Building & Construction • Packaging • Medical • Electrical & Electronics • Others
Polypropylene Market, by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
Polypropylene Market, Key Players• LyondellBasell Industries • Exxon Mobil Corporation • SABIC • DuPont • INEOS • Formosa Plastics Corporation • China Petrochemical Corporation • LG Chem • Eastman Chemical Company • BASF SE • Reliance Industries Limited • Westlake Chemical Corporation • Braskem • Haldia Petrochemicals Limited • Lotte Chemical UK LTD. • Trinseo • HPCL- Mittal Energy Limited • Brahmaputra Cracker And Polymer Limited • SACO AEI Polymers Frequently Asked Questions: 1] What segments are covered in the Global Polypropylene Market report? Ans. The segments covered in the Polypropylene Market report are based on Type, Process and End user. 2] Which region is expected to hold the highest share in the Global Polypropylene Market? Ans. Asia Pacific region is expected to hold the highest share in the Polypropylene Market. 3] What is the market size of the Global Polypropylene Market by 2029? Ans. The market size of the Polypropylene Market by 2029 is expected to reach US$ 176 Bn. 4] What is the forecast period for the Global Polypropylene Market? Ans. The forecast period for the Polypropylene Market is 2022-2029. 5] What was the market size of the Global Polypropylene Market in 2021? Ans. The market size of the Polypropylene Market in 2021 was valued at US$ 112.02 Bn.
1. Global Polypropylene Market: Research Methodology 2. Global Polypropylene Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Polypropylene Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Polypropylene Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Polypropylene Market Segmentation 4.1 Global Polypropylene Market, By Type (2021-2029) • Homopolymer • Copolymer 4.2 Global Polypropylene Market, By Process (2021-2029) • Injection Molding • Blow Molding • Extrusion • Other 4.3 Global Polypropylene Market, By End user (2021-2029) • Automotive • Building & Construction • Packaging • Medical • Electrical & Electronics • Others 5. North America Polypropylene Market (2021-2029) 5.1 North America Polypropylene Market, By Type (2021-2029) • Homopolymer • Copolymer 5.2 North America Polypropylene Market, By Process (2021-2029) • Injection Molding • Blow Molding • Extrusion • Other 5.3 North America Polypropylene Market, By End user (2021-2029) • Automotive • Building & Construction • Packaging • Medical • Electrical & Electronics • Others 5.4 North America Polypropylene Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Polypropylene Market (2021-2029) 6.1. Asia Pacific Polypropylene Market, By Type (2021-2029) 6.2. Asia Pacific Polypropylene Market, By Process (2021-2029) 6.3. Asia Pacific Polypropylene Market, By End user (2021-2029) 6.4. Asia Pacific Polypropylene Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Polypropylene Market (2021-2029) 7.1 Middle East and Africa Polypropylene Market, By Type (2021-2029) 7.2. Middle East and Africa Polypropylene Market, By Process (2021-2029) 7.3 Middle East and Africa Polypropylene Market, By End user (2021-2029) 7.4. Middle East and Africa Polypropylene Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Polypropylene Market (2021-2029) 8.1. Latin America Polypropylene Market, By Type (2021-2029) 8.2. Latin America Polypropylene Market, By Process (2021-2029) 8.3. Latin America Polypropylene Market, By End user (2021-2029) 8.4. Latin America Polypropylene Market, by Country (2021-2029) • Brazil • Argentina • Rest of Latin America 9. European Polypropylene Market (2021-2029) 9.1. European Polypropylene Market, By Type (2021-2029) 9.2. European Polypropylene Market, By Process (2021-2029) 9.3. European Polypropylene Market, By End user (2021-2029) 9.4. European Polypropylene Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. LyondellBasell Industries 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Exxon Mobil Corporation 10.3 SABIC 10.4 DuPont 10.5 INEOS 10.6 Formosa Plastics Corporation 10.7 China Petrochemical Corporation 10.8 LG Chem 10.9 Eastman Chemical Company 10.10 BASF SE 10.11 Reliance Industries Limited 10.12 Westlake Chemical Corporation 10.13 Braskem 10.13 Haldia Petrochemicals Limited 10.14 Lotte Chemical UK LTD. 10.15 Trinseo 10.16 HPCL- Mittal Energy Limited 10.17 Brahmaputra Cracker and Polymer Limited 10.18 SACO AEI Polymers