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Global Polypropylene Homopolymer (PPH) IndustryMarket Overview
As mentioned in a report, the global Polypropylene homopolymer (PPH) market is expected to grow in an impressive manner. Polypropylene homopolymer (PPH) is the most widely used polypropylene type. It has a high strength and is more rigid as compared to copolymer and when combined with good chemical resistance and weldability, it can be used many corrosion resistant structures.
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Polypropylene is mostly used in the automotive industries for manufacturing various different plastic parts, car bumpers, dashboards among many others. Growing demand of polypropylene from applications including injection molding, fiber and raffia, film and sheet, blow molding etc will further expand the global Polypropylene homopolymer (PPH) market size. Also, it is used in packaging industry as well for packing consumer products, food containers, cosmetic products, beverages, and others.
The benefits offered by Polypropylene homopolymer (PPH) are studied in the report. In addition, the report also focuses on opportunities, challenges and the risks as well that are faced by key manufacturers operating in this market.
The following manufacturers are covered in this report BASF, Kaneka, Hanwha, Bo Fan New Material, LyondellBasell, Emco Industrial Plastics, Reliance Industries Limited, SCG Chemicals, Chemours, Evonik
Market Segmentation
The global market for Polypropylene homopolymer (PPH) has been segregated into type and application and region. Based on the type, the market has been segmented into Pipe, CPP, BOPP, Extrusion Grades and Non-Wowen. Based on the application, the market has been segmented into Packaging Industry, Automotive, Consumer Goods and others. Injection molding application is expected to account maximum share of the polypropylene market during the anticipated time period.
Detailed Regional Analysis
The regional analysis will throw better light on the market progression over key regions. The market of the global Polypropylene homopolymer (PPH) market has been analysed across the United States, Europe, India, Japan, China, and Southeast Asia, Middle East and Africa and Central & South America. In terms of revenue, APAC region is dominating the market size and is expected to hold significant position in the future as well. Increasing demand for polypropylene in the automotive and medical industries in Asia Pacific region will further expand Polypropylene homopolymer (PPH) market during the forecast period. Also, rapid industrialization in countries like China and India in the next few years is projected to grow the demand for polypropylene in the entire region. The automotive sector is also growing rapidly in the Southeast Asian countries and these countries are emerging hub for car production due to more demand and increasing disposable income of the middle-class population. Meanwhile, the European market accounts for the second-largest share of the global polypropylene market and is expected to grow in the future as well.
Competitive Landscape
The growing competition between the key market players will boost the global Polypropylene homopolymer (PPH) market. Also in order to explore growth opportunities in different region, the key players are anticipated to enter into mergers and acquisitions with the regional companies which might prove favourable for the growth of PPH in the next coming years.
Industry News
LyondellBasell started a new 20 kiloton per year polypropylene compounding plant in Dalian, China with an aim to increase its presence in the booming China’s automotive market.
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