Global Polypropylene Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global polypropylene market in its upcoming report titled, “Global Polypropylene Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global polypropylene market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global polypropylene market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global polypropylene market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polypropylene market report has been segmented on the basis of end-use industry, and region.

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Polypropylene (PP) is also known as polypropene. Polypropylene is a high molecular weight, thermoplastic hydrocarbon polymer, which can be formed by catalytic polymerization of propylene. PP can be characterized as a semi-rigid and translucent material, that offers exceptional chemical and electrical resistance at high temperatures. Also, PP is considered as a versatile product that can be used in various end-use industries, such as automobile, carpeting, manufacture of laboratory equipment, etc.

Rising demand for polypropylene from various end use industries especially from the food packaging and automobile industries is a key factor driving growth of the global polypropylene market. In addition, easy availability of polypropylene, and high demand for other types of plastics that do not contain Bisphenol A (BPA) – an endocrine disruptor which can lead to various health problems such as diabetes, heart diseases, etc. – are other factors expected to fuel growth of the global polypropylene market over the forecast period.

However, fluctuating prices of propylene is a major factor restraining growth of the global polypropylene market. Additionally, stringent environmental regulations on disposal of plastics, and availability of alternatives are another factors expected to hamper growth of the global polypropylene market over the forecast period.

Manufacture of cost effective bio-based polypropylene is expected to create a major opportunity for players in the market to expand their market presence and revenue share.

Currently, the market in Asia Pacific dominates the global polypropylene market in revenue terms owing to high adoption of polypropylene in various end-use industries and high presence of prominent international players in emerging economies such as China, South Korea, and Japan. Also, the Asia Pacific market is anticipated to register highest CAGR of X.X%, as compared to that of other regions between 2017 & 2026. The market in Europe accounted for second-highest revenue share in the global polypropylene market, followed by markets in North America, Latin America, and Middle East & Africa respectively.

Market Segmentation:

Global polypropylene market segmentation by end-use industry:

• Packaging
• Automotive
• Building & Construction
• Electrical & Electronics
• Medical

Global polypropylene market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• LyondellBasell
• SABIC
• Exxon Mobil Corporation
• DuPont
• INEOS
• Total S.A.
• Formosa Plastics Group
• China Petrochemical Corporation
• LG Chem
• Sumitomo Chemicals