Global Polypropylene Market Report and Forecast 2022-2027
Bharat Book Bureau Provides the Trending Market Research Report on“Global Polypropylene Market Report and Forecast 2022-2027”under Chemical & Material Market Research Report. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Executive Summary
Global Polypropylene Market Report and Forecast 2022-2027’, the global polypropylene market attained a volume of about 80.8 million metric tons in 2021. Aided by ongoing developments in the market, the market is estimated to further grow at a CAGR of 4.5% between 2022 and 2027 to reach a volume of nearly 107.6 million metric tons by 2027.
Polypropylene refers to a thermoplastic polymer resin, which is extremely versatile and can be moulded into various plastic products. It is obtained by polymerisation of propylene and can be easily customised. Moreover, the compound is lightweight and flexible, which makes it applicable in many packaging applications. The density, melting point, and electrical conductivity of polypropylene are low, and it exhibits good resistance to fatigue. Furthermore, it is highly resistant to various chemical solvents, acids, and bases. The strength and flexibility of the product makes it ideal for the production of household stuff, such as carpets, ropes, and pipes, among others. This has been driving the market growth in the historical period.
Polypropylene is crucial in the automotive industry as it is utilised in the manufacturing of automotive components such as bumpers, chemical tanks, cable insulation, and gas cans, among others. Therefore, the increasing sales of electric passenger and commercial vehicles is driving the market growth. In addition to this, the strength and flexibility of the compound makes it ideal for creating door panels, seatbacks, and consoles, thereby, bolstering the comfort of the passengers. Hence, the growing R&D activities by the major automotive companies to enhance the safety of the passengers are likely to spearhead the market growth in the coming years. Meanwhile, various polypropylene-based packaging forms are replacing the traditional materials in the packaging industry, such as paper and cellophane. This factor is anticipated to further invigorate the market. Furthermore, polypropylene is resistant to many harmful chemicals. This makes it applicable in the agriculture industry, thereby driving the market forward.
Market Breakup by Application
•Injection Moulding
•Fibre
•Film
•Other Extrusion
•Blow Moulding
•Extrusion Coating
•Others
Market Segmentation by End Use
•Packaging
•Automotive
•Agriculture
•Others
Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
•LyondellBasell Industries Holdings B.V.
•China Petrochemical Corporation
•PetroChina Company Limited
•Braskem S.A.
•Exxon Mobil Corporation
•Formosa Plastics Corporation
•Reliance Industries Limited
•TotalEnergies SE
•Others
Browse our full report with Table of Content : https://www.bharatbook.com/report/1372574/global-industrial-garnet-market-report-and-forecast
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