Yahoo Finance Global Polypropylene Market Analysis and Demand Forecast to 2030: Market is Projected to Grow to $226.8 Billion, Witnessing a CAGR of 5.7%
Dublin, Jan. 20, 2021 (GLOBE NEWSWIRE) -- The "Polypropylene Market Research Report: By Type, Application, End Use - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The major factor driving the demand for polypropylene (PP) is the rising usage of the chemical in the packaging sector and nonwoven fibers.
As a result, from $122.7 billion in 2019, the polypropylene market is projected to grow to $226.8 billion by 2030, witnessing a 5.7% CAGR during 2020-2030 (forecast period). One of the most commonly used plastics, PP is made up of multiple monomers of propylene. It is a crystalline and rigid linear resin obtained from hydrocarbons.
Copolymer and homopolymer are the bifurcations under the type segment of the industry. Of these, the homopolymer bifurcation held the larger share in the polypropylene market during the historical period (2014-2019), on account of the higher rigidity of homopolymers than copolymers, which makes the former more popular. This product easily tolerates chemical exposure and extreme temperatures, is easily weldable, and offers appreciable thermoforming performance. Moreover, it has been approved for a number of applications by the Food and Drug Administration (FDA), U. S. Department of Agriculture (USDA), and National Science Foundation (NSF).
The polypropylene market is divided into blow molding, film & sheet, injection molding, fiber, raffia, and others, on the basis of application. In 2019, the industry was dominated by the injection molding category, due to PP's extremely low mass density, which allows it to be cast into any shape and size via the injection molding process.
Additionally, the good mold in or "living hinge" capabilities, moisture resistance, impact strength, chemical resistance, and cost-effectiveness of the plastic make it popular for marine and automotive parts, household goods, and recreational vehicle (RV) products.
The largest region in the polypropylene market is Asia-Pacific (APAC), and it is also expected to witness the highest CAGR during the forecast period, as a result of the advancements in rigid and flexible packaging materials and increase in the number of PP production plants in the region.
PetroChina Company Limited, Reliance Industries Limited, and China Petroleum & Chemical Corporation are some of the largest PP manufacturers in the region, and they also supply the material to other countries.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Homopolymer
4.1.1.2 Copolymer
4.1.1.2.1 Random
4.1.1.2.2 Block
4.1.2 By Application
4.1.2.1 Injection Molding
4.1.2.2 Film & Sheet
4.1.2.3 Raffia
4.1.2.4 Fiber
4.1.2.5 Blow molding
4.1.2.6 Others
4.1.3 By End Use
4.1.3.1 Packaging
4.1.3.2 Electrical
4.1.3.3 Medical
4.1.3.4 Consumer goods
4.1.3.5 Automotive
4.1.3.6 Construction
4.1.3.7 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increasing use of polypropylene in packaging industry
4.3.1.2 Growing nonwoven polypropylene fiber industry
4.3.1.3 Impact analysis of drivers on market forecast
4.3.2 Restraints
4.3.2.1 Availability of other substitutes
4.3.2.2 Impact analysis of restraints on market forecast
4.3.3 Opportunities
4.3.3.1 Growing usage of polypropylene compound
4.4 Impact of Covid-19 on Global Polypropylene Market
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.1.1 Copolymer Polypropylene, by Type
5.2 By Application
5.3 By End Use
5.4 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Type
6.1.1 Copolymer Polypropylene, by Type
6.2 By Application
6.3 By End Use
6.4 By Country
Chapter 7. Europe Market Size and Forecast
7.1 By Type
7.1.1 Copolymer Polypropylene, by Type
7.2 By Application
7.3 By End Use
7.4 By Country
Chapter 8. APAC Market Size and Forecast
8.1 By Type
8.1.1 Copolymer Polypropylene, by Type
8.2 By Application
8.3 By End Use
8.4 By Country
Chapter 9. LATAM Market Size and Forecast
9.1 By Type
9.1.1 Copolymer Polypropylene, by Type
9.2 By Application
9.3 By End Use
9.4 By Country
Chapter 10. MEA Market Size and Forecast
10.1 By Type
10.1.1 Copolymer Polypropylene, by Type
10.2 By Application
10.3 By End Use
10.4 By Country
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Strategic Developments of Key Players
11.2.1 Merger & Acquisition
11.2.2 Partnership, Collaboration, and Joint Venture
11.2.3 Product Launch
11.2.4 Facility Expansion/ Geographical Expansion
11.2.5 Client Win
11.2.6 Others
11.3 List of Players and Their Offerings
11.4 List of Other Players
Chapter 12. Company Profiles
12.1 Business Overview
12.2 Product and Service Offerings
12.3 Key Financial Summary
LyondellBasell Industries B.V.
Sinopec Group
SABIC
PetroChina Company Limited
Braskem S.A.
Reliance Industries Limited
Total S.A.
Exxon Mobil Corporation
Formosa Plastic Corporation
Borealis AG
INEOS Group Holdings S.A.
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