Polypropylene Market growth, business opportunities, share value, key insights and size estimation by 2031

New York, Country, 2022-Aug-08 — /EPR Network/ —

Global Polypropylene report from Global Insight Services is the single authoritative source of intelligence on Polypropylene market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Polypropylene is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer propylene. Polypropylene belongs to the group of polyolefins and is partially crystalline. It is unusually resistant to many chemical solvents, bases and acids. Polypropylene has a relatively low density, but its mechanical and thermal properties are superior to those of low-density polyethylene. Polypropylene is used in a variety of applications, including packaging, textiles, stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes.

Key Trends

The key trends in Polypropylene technology are:

1. Increased use of Polypropylene in packaging applications: Polypropylene is increasingly being used in packaging applications due to its superior properties such as light weight, transparency, and good moisture resistance.

2. Improved processing techniques: Newer and improved processing techniques have made it possible to produce Polypropylene with better physical and mechanical properties.

3. Increased use of Polypropylene in automotive applications: Polypropylene is increasingly being used in automotive applications due to its superior properties such as light weight, high strength, and good impact resistance.

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Market Segments

The Polypropylene Market is segmented by type, application, end-use industry and region. By type, the market is divided into homopolymer and copolymer. Based on application, it is segmented into injection molding, fiber & raffia, film & sheet, and blow molding. On the basis of end-use industry packaging, automotive, building & construction and medical. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Polypropylene Market includes players such as LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, DuPont, INEOS, Formosa Plastics Corporation, China Petrochemical Corporation, and LG Chem, Eastman Chemical Company, and BASF SE.

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Key Drivers

The key drivers of the polypropylene market include an increase in demand from the automotive and construction industries, as well as a rise in the use of polypropylene in packaging applications. Other drivers include a recovery in the global economy and an increase in the price of crude oil.

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