(Companies: Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, and Asahi Kasei Plastics)
The global polypropylene market was worth $126.03 billion in 2019. Asia Pacific accounts for the largest share in the global Polypropylene market. The polypropylene market consists of sale of polypropylene and related services. Polypropylene is a thermoplastic polymer produced by chain-growth polymerization of the monomer propylene and is used in automotive fittings and industrial fibers. It is resilient and resistant to fatigue and highly resistant to most acids and alkalis. The polypropylene market covered in this report is segmented by type into homopolymer and copolymer. It is also segmented by end-use industry into packaging, automotive, consumer products, electrical and electronics, and other end-use industries.
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The global polypropylene market is expected to grow at a rate of about 12% and reach $192.33 billion by 2023. The rising demand for thermoplastic materials contributes to the growth of the polypropylene market. Due to its unique chemical properties, thermoplastic materials can be recycled and remolded without affecting its physical properties.
However, variations in the prices of raw materials such as crude oil prices have always been a major challenge in the polypropylene market.
Eco-friendly polypropylene compounds are increasingly being used due to strict rules and regulations of government over recycling and environment protection. Polypropylene compounds possess unique qualities, making it more favorable and an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitusui Chemicals Inc., and Prime Polymer, has developed new technologies and inventions to produce high quality products that are environment friendly.
Major players in the market are Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, and Asahi Kasei Plastics.
Braskem is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and has become a major player in the international petrochemical market.
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Few Points From Table of Contents:
1. Executive Summary
2. Polypropylene (PP) Market Characteristics
3. Polypropylene (PP) Market Size And Growth
3.1. Global Polypropylene (PP) Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Polypropylene (PP) Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Polypropylene (PP) Market Segmentation
4.1. Global Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Homopolymer
Copolymer
4.2. Global Polypropylene (PP) Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Packaging
Automotive
Consumer Products
Electrical and Electronics
Other End-user Industry
5. Polypropylene (PP) Market Regional And Country Analysis
5.1. Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Polypropylene (PP) Market
6.1. Asia-Pacific Polypropylene (PP) Market Overview
6.2. Asia-Pacific Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
7. China Polypropylene (PP) Market
7.1. China Polypropylene (PP) Market Overview
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