According to Stratistics MRC, the Global Polypropylene market is accounted for $72.56 billion in 2017 and is expected to reach $126.89 billion by 2026 growing at a CAGR of 6.4%.
— Increasing use of polypropylene in automotive industry, growing urbanization along with rising disposable income & changing lifestyle and high demand from growing end-use industries are some key factors fueling the market growth. However, factors such as growing environmental concerns and availability of other substitutes providing stiff competition are hindering the market.
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Polypropylene also known as polypropene, is a thermoplastic linear hydrocarbon polymer resin, with little or no unsaturation. Polypropylene is a flexible product because of which it is used in many industries such as toy making, automobile, carpeting, paper, and manufacturing of laboratory equipments. It has outstanding electrical and chemical resistance at high temperatures as it is a translucent and partly rigid material which does not presents stress-cracking issues. It is simple to customize and can be coloured in a variety of ways without degrading the original quality of the plastic. Besides, it is a good alternative to other types of plastics as it does not contains Bisphenol A (BPA). BPA is not a safe option for packaging as it is an endocrine disruptor leading to various health issues such as diabetes, heart diseases, hormone and brain development problems in young children and foetuses.
Amongst End User, The packaging industry acquired significant market share owing to its unique properties such as stiffness and twist retention making it an efficient material for packaging. For the consumer products segment polypropylene is widely used in packing of soaps, detergents and toiletries and also in the packing of some perishable food items such as yoghurt. Asia Pacific is likely to be the largest market and is also projected to grow at the highest CAGR during the forecast period due to the increasing demand from growing end-use industries.
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Some of the key players in the global market include DuPont, Braschem, Borealis AG, Bayer, BASF, Sinopec Corporation, Sasol, SABIC, Reliance Industries, PetroChina Company Limited, LyondellBasell, Japan Polypropylene Corporation, INEOS, Farmosa Plastics and ExxonMobil.
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• Other Types
• Blow Molding
• Fiber & Raffia
• Injection Molding
• Film & Sheet
• Other Applications
• Pipes and Fittings
• Films and Sheets
• Bottles and Containers
• Other Products
Production Technologies Covered:
End Users Covered:
• Building & Construction
• Electrical & Electronics
• Consumer Products
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- 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
- 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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