Global Polypropylene market was valued at USD 78 billion in 2021 and is expected to reach USD 121 billion by 2029, registering a CAGR of 5% during the forecast period of 2022-2029.
The most recent record distributed by The Brainy insights titled Polypropylene Market 2022 suggests an industry review covering different product definition factors, market segmentation supported by numerous parameters, and, consequently, the existing vendor landscape. The global Polypropylene market is based on qualitative and quantitative information. The readers will find this record very helpful in comprehending the industry in depth. Moreover, the study is an in-depth investigation of a wealthy supply of main factors responsible for developing the worldwide Polypropylene market. Furthermore, the record’s facts and data are represented by graphs, pie charts, diagrams, and other pictorial representations.
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| Attribute | Details |
| Base year for estimation | 2021 |
| Actual estimates/Historical data | 2017-2021 |
| Forecast period | 2022 – 2029 |
| Market representation | Revenue in USD million, Volume in kilo tons, and CAGR from 2012 to 2029 |
| Regional scope | North America, Europe, Asia Pacific, MEA and Central & South America |
| Country scope | U.S., Canada, Mexico, Germany, France, UK, Russia, India, China, Japan, South Korea, Brazil, Saudi Arabia |
| Report coverage | Revenue forecast, company share, competitive landscape, and growth factors and trends |
Market Dynamics:
Drivers:
Growing demand for lightweight plastics from consumer goods, automotive, and electronics industries is escalating the growth of the market. Increasing demand for efficient plastic packaging products and rising consumption of packaged food & beverages are propelling the demand for the market. Due to its easy processability, effective sealing, and stiffness, polypropylene is used in the production of interior and exterior parts of automobiles which fuels market growth.
Restraint:
The availability of substitutes like polyethylene, polyurethane, polyethylene terephthalate, and polystyrene are hindering market growth.
Opportunities:
Polypropylene is used in the production of various devices such as automotive components, fashion apparel, profiles, and healthcare devices. Increasing demand for these components in several end-use industries, introducing advanced technologies, and shifting consumer preferences towards lightweight electronic products are creating lucrative opportunities to boost market growth.
Challenges:
The polypropylene production process is derived from petroleum crude oil. The fluctuations in the supply and pricing of crude oil may affect the cost structure of the final product which is a challenge to the market growth.
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Prominent Key players of the Polypropylene market survey report:
Historical data available in the report elaborates on the development of the Polypropylene on national, regional and international levels. Polypropylene market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Polypropylene Market are – LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, DuPont, INEOS, Formosa Plastics Corporation, China Petrochemical Corporation, and LG Chem and Others.
- In May, 2021, Mitsui Chemicals Inc. announced to produce renewable plastics from 100% bio-based hydrocarbons through a collaboration with Neste and Toyota Tsusho. The introduction of Neste-produced bio-based hydrocarbons as feedstock at the crackers will allow Mitsui Chemicals to produce renewable ethylene, propylene, C4 fraction, and benzene, among other chemicals, and process them into basic chemicals such as phenol, or plastics such as polyethylene and polypropylene, without altering the high quality of these derivatives. Their quality is at par with conventional products.
- In April, 2021, Mitsubishi Chemical Corporation planned to acquire all stakes in the overseas polypropylene (PP) compound-producing subsidiaries of its joint venture, Japan Polypropylene, by the beginning of July 2021. This move aimed to reinforce its PP compound business. Moreover, the company will acquire 55% and 50% shares in Japan Polypropylene’s subsidiaries in Beijing (China) and Thailand, respectively. Japan Polypropylene has a PP compound production capacity of 219,000 tons per annum overseas and 1 million tons per annum in Japan.
Polypropylene Market Segmentation:
Polypropylene Market by Type, 2022-2029, (USD Million)
- Homopolymer
- Copolymer
Polypropylene Market by Process, 2022-2029, (USD Million)
- Injection Molding
- Blow Molding
Polypropylene Market by Application, 2022-2029, (USD Million)
- Injection Molding
- Fiber & Raffia
- Film & Sheet
- Blow Molding
Polypropylene Market by End User, 2022-2029, (USD Million)
- Packaging
- Automotive
- Building & Construction
- Medical
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Regional Coverage:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
- North America
- South America
- Asia and Pacific region
- Middle east and Africa
- Europe
In-depth overview of Parent Market
- Evolving Industry Market Dynamics
- Segmentation of Polypropylene Market
- Market Size in terms of Value and Volume: Current, Historical and Projected Data
- Current Industrial Trends and Developments
- Competitive Landscape
- Strategies and Products offerings of Key Players
- Regions and Niche and Potential Segments that showcase promising growth
- Neutral perspective on Polypropylene Market Performance
- Important information for Players for enhancing and sustaining market presence
Crucial insights in Polypropylene market research report:
- Underlying macro- and microeconomic factors impacting the Sales of Polypropylene
- Basic overview of the Polypropylene, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Polypropylene across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
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Our report offers:
– Polypropylene Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Polypropylene Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.
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