PUBLISHER: Value Market Research | PRODUCT CODE: 1547887
PUBLISHER: Value Market Research | PRODUCT CODE: 1547887
The global demand for Polypropylene Market is presumed to reach the market size of nearly USD 197.21 Billion by 2032 from USD 125.07 Billion in 2023 with a CAGR of 5.19% under the study period 2024-2032.
Polypropylene or polypropene, a thermoplastic polymer is manufactured by chain-growth polymerization of propene. Polypropylene holds various advantageous features such as chemical and thermal resistance, superior surface hardness, and excellent tensile strength. It is an extremely flexible, crystalline, translucent, and lightweight non-polar polymer that belongs to the group polyolefin. It is simple to customize and various colors can be given to the final product without disturbing physical or chemical properties. Due to these properties polypropylene finds numerous applications across various industry sectors including automobile, construction, electrical, electronics, food and beverages, healthcare, laboratory wares, and packaging.
The global polypropylene market is witnessing upsurge owing to new emerging applications of polypropylene and advancement in technology. The significant factors that are uplifting the market include the growing usage in end-use industries such as the packaging and medical sector, increasing applications in household products, and growing usage in the automobile industry as a prominent factor in a seat assembly, door assembly, and safety subunits. Moreover, factors such as a growing preference for plastic over metals, increasing usage of polymers in food & beverages as packaging solutions, and increasing demand in laboratory ware and agricultural tools are fuelling the market. However, the COVID-19 pandemic is expected to shrink the growth of the polypropylene market for some period as many industries are at a standstill and facing an economic crisis.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Polypropylene. The growth and trends of Polypropylene industry provide a holistic approach to this study.
This section of the Polypropylene market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Polypropylene market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Polypropylene market include SABIC, Exxon Mobil Corporation, Borealis AG, BASF SE, INEOS Group, Reliance Industries Limited, LG Chem, LyondellBasell Industries Holdings B.V., DuPont, Borealis. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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