According to a new market research report published by Global Insight Services “Polypropylene Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Polypropylene is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer propylene. Polypropylene belongs to the group of polyolefins and is partially crystalline. It is unusually resistant to many chemical solvents, bases and acids. Polypropylene has a relatively low density, but its mechanical and thermal properties are superior to those of low-density polyethylene. Polypropylene is used in a variety of applications, including packaging, textiles, stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes.
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Key Players
The Polypropylene Market includes players such as LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, DuPont, INEOS, Formosa Plastics Corporation, China Petrochemical Corporation, and LG Chem, Eastman Chemical Company, and BASF SE.
Key Trends
The key trends in Polypropylene technology are:
1. Increased use of Polypropylene in packaging applications: Polypropylene is increasingly being used in packaging applications due to its superior properties such as light weight, transparency, and good moisture resistance.
2. Improved processing techniques: Newer and improved processing techniques have made it possible to produce Polypropylene with better physical and mechanical properties.
3. Increased use of Polypropylene in automotive applications: Polypropylene is increasingly being used in automotive applications due to its superior properties such as light weight, high strength, and good impact resistance.
4. Increased use of Polypropylene in electrical and electronics applications: Polypropylene is increasingly being used in electrical and electronics applications due to its superior properties such as good electrical insulation, high heat resistance, and good chemical resistance.
Key Drivers
The key drivers of the polypropylene market include an increase in demand from the automotive and construction industries, as well as a rise in the use of polypropylene in packaging applications. Other drivers include a recovery in the global economy and an increase in the price of crude oil.
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Market Segments
The Polypropylene Market is segmented by type, application, end-use industry and region. By type, the market is divided into homopolymer and copolymer. Based on application, it is segmented into injection molding, fiber & raffia, film & sheet, and blow molding. On the basis of end-use industry packaging, automotive, building & construction and medical. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Polypropylene Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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