Polypropylene Market Overview:
The global polypropylene market is poised to attain a market value of USD 122.31 billion by 2026, registering a CAGR of 5.5% during the forecast period. One of the key drivers of the global polypropylene market growth is the rising demand for the polymer in the automotive industry. Polypropylene is widely used in automobile manufacturing owing to its moldable properties and low costs. Within this industry, this polymer is primarily used in fender lines, battery trays and cases, instrumental panels, and interior and door trims. Additionally, polypropylene offers a variety of other benefits, such as high chemical resistance and excellent impact balance, that make it a highly valuable material in the automotive industry.
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According to the Fortune Business Insights report, titled “Polypropylene Market Size, Share and Industry Analysis, By Type (Homopolymer, Copolymer), By End User (Packaging, Automotive, Infrastructure and Construction, Consumer Goods/Lifestyle, Healthcare and Pharmaceuticals, Electrical and Electronics, Agriculture, Others), and Regional Forecast, 2019-2026”, the global polypropylene market value in 2018 was USD 79.85 billion. The report also contains an in-depth analysis and evaluation of the factors, trends, and dynamics that will influence the market during the forecast period.
Fortune Business Insights covers some of the important players in the global polypropylene market competition:
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Market Growth of Polypropylene Market:
Escalating Demand for PP in Healthcare to Bolster the Market
Polypropylene is used in a wide range of procedures in the medical field owing to the high bacterial and chemical resistance of the polymer. The most commonly seen application of PP in hospitals is disposable syringes. Other application areas include petri dishes, food trays and pans, medical vials, intravenous bottles, and many more. Persistently high demand for PP in healthcare will be one of the critical drivers of the global polypropylene market revenue in the forecast period.
Key Segmentation of Polypropylene Market:
By Type
By End User
By Geography
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Expansion of Operations to Intensify Competition
Key players are adopting different strategies, such as operational expansion and development of novel products, to reinforce their position in the global polypropylene market. For example, in September 2019, LyondellBasell upgraded their polypropylene compounding plant in Germany by installing a fifth production line at the site. Commitment to sustainable development goals by private companies is giving rise to innovations in terms of recycling of plastic. For instance, Procter and Gamble recently collaborated with PureCycle Technologies to recycle polypropylene to an odour-free and clear-coloured product.
List of Figures
Figure 01: Global Polypropylene Market Revenue Breakdown (US$ Mn, %) by Region, 2018 and 2026
Figure 02: Global Polypropylene Market Revenue Breakdown (KT, %) by Region, 2018 and 2026
Figure 03: Global Polypropylene Market Revenue Share (%), by Type, 2018 and 2026
Figure 04: Global Polypropylene Market Volume Share (%), by Type, 2018 and 2026
Figure 05: Global Polypropylene Market Revenue (US$ Mn) Forecast, by HDPE, 2018 -2026
Figure 06: Global Polypropylene Market Volume (KT) Forecast, by HDPE, 2018 -2026
Figure 07: Global Polypropylene Market Revenue (US$ Mn) Forecast, by LDPE, 2018 -2026
Figure 08: Global Polypropylene Market Volume (KT) Forecast, by LDPE, 2018 -2026
Figure 09: Global Polypropylene Market Revenue (US$ Mn) Forecast, by LLDPE, 2018 -2026
Figure 10: Global Polypropylene Market Volume (KT) Forecast, by LLDPE, 2018 -2026
Table of Content from polypropylene Market
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends For Major Countries
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
5. Global Polypropylene Market Analysis, Insights and Forecast By Type
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast By Type
5.2.1. Homopolymer
5.2.2. Copolymer
6. Global Polypropylene Market Analysis, Insights and Forecast By End-Use Industry
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast By End-Use Industry
6.2.1. Packaging
6.2.2. Automotive
6.2.3. Infrastructure and Construction
6.2.4. Consumer Goods/Lifestyle
6.2.5. Healthcare and pharmaceuticals
6.2.6. Electrical and Electronics
6.2.7. Agriculture
6.2.8. Others
7. Global Polypropylene Market Analysis, Insights and Forecast By Region
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast By Region
7.2.1. Americas
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East and Africa
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