The global polypropylene market will grow from $103.79 billion to $129.96 billion in 2026

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DUBLIN, August 25, 2022 /PRNewswire/ — Report “Global Polypropylene Market Report 2022″ has been added to from ResearchAndMarkets.com offer.

The global polypropylene market is expected to grow from $95.46 billion in 2021 for $103.79 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The market is expected to grow to reach $129.96 billion in 2026 at a CAGR of 5.8%.

The polypropylene market includes the sale of polypropylene and related services. Polypropylene is a thermoplastic polymer produced by chain polymerization of propylene monomer and is used in automotive fittings and industrial fibers. It is resilient and fatigue resistant and highly resistant to most acids and alkalis.

The main products of polypropylene are homopolymer and copolymer. Homopolymer is a polymer like polyethylene containing identical monomer units. These are used in applications such as injection molding, fiber and raffia, film and sheet and blow molding which are used by end users such as packaging, automotive, products consumer, electrical and electronics, and other industries.

Asia Pacific was the largest region in the polypropylene market in 2021. North America was the second largest region in the polypropylene market. Regions covered in the Polypropylene report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle Eastand Africa.

The growing demand for thermoplastic materials has contributed to the growth of the polypropylene market. Due to their unique chemical properties, thermoplastic materials can be recycled and reshaped without affecting their physical properties. Thus, making thermoplastic materials very useful in many applications such as clothing, packaging, food and beverages.

Moreover, they are also used in heavy duty applications such as aerospace, military and medical industries. According to the American Chemistry Council, production of plastic resins, which form the basis of all plastic products, rose 0.9% in United States in 2020, compared to 1.2% in 2019. Rising demand for thermoplastic materials has increased the demand for the polypropylene market, thereby driving the market.

Changes in raw material prices such as crude oil prices have always been a major challenge in the polypropylene market. Fluctuations in crude oil prices increase operating costs affecting the net income of manufacturing companies in this market. For example, according to the Business Standard, polypropylene has become more expensive by 4.6% due to rising oil prices.

Crude oil is the primary source of petrochemicals as plastics are produced primarily from petroleum products and therefore crude oil prices are one of the major factors affecting plastic costs, making them highly volatile . Price volatility thus has a negative impact on the polypropylene market, affecting the growth of the market.

Eco-friendly polypropylene compounds are increasingly being used due to strict government rules and regulations on recycling and environmental protection. Polypropylene compounds possess unique qualities, which make them more favorable and an alternative in the automotive industry.

Scope
Covered markets:

1) By type of product: Homopolymer; Copolymer
3) By application: Injection molding; Fiber & Raffia; Film and sheet; Blowing
2) By end-user industry: packaging; Automotive; Consumer products; electrical and electronic; Other End User Industries

Main topics covered:

1. Summary

2. Characteristics of the Polypropylene (PP) Market

3. Polypropylene (PP) Market Size and Growth

4. Polypropylene (PP) Market Segmentation

5. Regional and Country Analysis of the Polypropylene (PP) Market

6. Asia-Pacific Polypropylene (PP) Market

7. Chinese Polypropylene (PP) Market

8. Indian Polypropylene (PP) Market

9. Japanese Polypropylene (PP) Market

10. Australian Polypropylene (PP) Market

11. Indonesia Polypropylene (PP) Market

12. Polypropylene (PP) Market in South Korea

13. Polypropylene (PP) Market in Western Europe

14. UK Polypropylene (PP) Market

15. Polypropylene (PP) Market in Germany

16. French polypropylene (PP) market

17. Polypropylene (PP) Market in Eastern Europe

18. Russian polypropylene (PP) market

19. North America Polypropylene (PP) Market

20. UNITED STATES Polypropylene (PP) market21. South America Polypropylene (PP) Market

22. Brazilian Polypropylene (PP) Market

23. Middle East Polypropylene (PP) Market

24. African Polypropylene (PP) Market

25. Polypropylene (PP) Market Competitive Landscape and Company Profiles

26. Major Mergers and Acquisitions in the Polypropylene (PP) Market

27. Polypropylene (PP) Market Trends and Strategies

28. Polypropylene (PP) Market Future Outlook and Potential Analysis

29. Appendix

Companies cited

  • Lyondellbasell
  • Sinopec
  • Sabic
  • Exxon Mobil
  • Braskem
  • PetroChina
  • Trust Industries
  • Formosa Plastics
  • Borealis
  • Asahi Kasei Plastics
  • Mitsui Chemicals
  • Dupont
  • INEOS
  • Total S.A.,
  • China Petrochemical Company
  • LG Chemistry
  • Sumitomo Chemicals
  • Dynachem Co.Ltd.
  • IE du Pont de Nemours
  • HMC Polymers Co., Ltd.
  • K Polymers, Inc.
  • Scott Bader Company Limited
  • The Dow Chemical Company
  • BASF SE
  • Toray Industries, Inc.
  • Reliance Industries Limited
  • Lotte Chemical UK Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/svl9bg

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