Global Polypropylene (PP) Homopolymer Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Polypropylene (PP) Homopolymer Market Overview:

The Polypropylene (PP) Homopolymer market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

The Polypropylene (PP) Homopolymer Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The Polypropylene (PP) Homopolymer market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global PP homopolymer market report has been segmented based on product, technology, application, and region.

Polypropylene (PP) is a thermoplastic made from a combination of propylene monomers, a major useful property of thermoplastics is – it can be heated to its melting point, cooled, and reheated again without major degradation.

Polypropylene is available in two types – homopolymer and copolymer. Polypropylene homopolymer (PPH) offers high strength, stiffness, and acid resistance, and is stronger than the copolymer.

PP homopolymer offers good chemical resistance combined with weldability, which allows this material to be used in many corrosion-resistant structures.

Increasing adoption of polypropylene homopolymer in various sectors such as packaging, household goods, textile, and many more is a key factor driving the growth of the global PP homopolymer market.

In addition, properties such as high physical strength, chemical resistance, and lightweight are increasing its adoption in the automobile and healthcare sectors, which is expected to drive the growth of the global PP homopolymer market.

However, increasing end-user preference for PP copolymer is a major factor restraining the growth of the global PP homopolymer market.

Technological advancements such as the development of excellent stiffness-impact balance and higher output during thermoforming are expected to present new opportunities to market players operating in the global PP homopolymer market over the forecast period.

The North American market is dominating the global PP homopolymer market and accounts for the largest market share in terms of revenue as compared to that of markets in other regions.

This is attributed to well-developed application segments such as packaging, automobile, textile, and many more, and the high presence of PP homopolymer manufacturers in this region.

The Europe market accounts for the second-largest revenue share contribution to the target market followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.

The market in the Asia Pacific is projected to have the fastest growth in terms of revenue, owing to the increasing adoption of PP homopolymers from the healthcare and automobile sector in emerging economies in the region.

Global PP Homopolymer Market Segmentation:

Segmentation by processing technology:

• Injection Molding
• Film
• Other Extrusion
• Fiber
• Others

Segmentation by application:

• Packaging
• Electrical and Electronics
• Textile
• Automotive
• Building and Construction
• Others

Segmentation by region:

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