What is the growth forecast for the polypropylene market? The Global Polypropylene Market is estimated to reach USD 112.3 Billion by 2025 at a CAGR of 6.1 %, predicts forencis research (FSR).. It also helps in reducing the possibility of food deterioration and quality loss. Polypropylene (PP) Market Size and Volume Forecast by Region 8.3.1. In August 2018, Sinopec petrochemical announced the restart of its polypropylene (PP) business segment in Guangdong China. Rising Demand from Automotive Industry is a Prominent Trend. Similarly, the automotive segment is expected to surge the sales of the material in the forecast period due to the increased production capacity of automobiles. The packaging segment is expected to be the leading segment in the market. Fortune Business Insights says that the market stood at USD 78.22 billion in 2019 and is projected to reach USD 105.49 billion by 2027. For instance: The polypropylene market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030. Various key insights presented in the report are the price trend analysis, recent industry developments, expansions, mergers & acquisitions, new product developments, joint ventures in the global market, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key polypropylene market trends, competitive landscape, and company profiles. Middle East and Africa (MEA) 8.4. The report is an essential resource for a one looking for detailed information on the world polypropylene market. On the other hand, Europe is projected to showcase significant growth in the market. This is because it enables easy processability, effective sealing, and provides stiffness. All Rights Reserved. The copolymer has various applications, which include the production of injection molds and medicine bottles in the pharmaceutical industry. China National Petroleum Corporation (China), China Petroleum & Chemical Corporation (China), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Description; TOC; Tables & Figures; Companies; Request a free Sample. Latin America and the Middle East & Africa would exhibit gradual growth in the market, as compared to the other regions due to the increasing infrastructure & construction, as well as rising consumer goods/lifestyle preferences of consumers. Posted on 18 juin 2020 Author Trinity McKnight Comment(0) Marché mondial Polypropylène qui permet au consommateur d’évaluer la demande à long terme et d’estimer des implémentations particulières. In 2030, the polypropylene market will be led by the packaging industry, based on end user. Technavio’s analysts forecast the global polypropylene market to grow at a CAGR of 5.42% during the period 2017-2021. The increasing demand for the packaging of food & beverages and the manufacturing of automobiles would contribute to the growth of the PP consumption in the region. The raffia category, based on application, is projected to witness the fastest growth in the polypropylene market, during the forecast period. In recent years, players in the industry have launched a number of new and advanced products, in order to stay ahead of their competitors. It is recommended for a single user. Press Release Global Polypropylene Market 2020 Industry Analysis, Type and Application, Key Players, Regions, Forecast by 2025 Published: Sept. 16, 2020 at 6:10 p.m. SKU ID : Maia-14238376 | Publishing Date : 21-May-2019 | No. The data offered to us was exactly what we were looking for. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . Owing to its properties such as resistance to impact, heat, and moisture, PP finds application in bumpers, gas cans, and seat panels. A growing trend is observed in the penetration of the polypropylene market across the industries. North America is anticipated to remain a key region holding a significant portion of the global polypropylene market share during the forecast period. It is … We use cookies to enhance your experience. In addition to this, the easy availability of raw materials will increase the polypropylene production in the Middle East & Africa. What is the key factor driving the market? The supply and prices of crude oil oscillate due to volatile political scenarios in the Middle East, as well as in the other oil-producing countries. The polypropylene market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Market Trends 8.2. With the significantly growing demand for thermoplastic materials in construction and buildings, medical, and automobile sectors, the market is further expected to grow in this region. This was owing to rising demand for polypropylene staple fibers in end-use applications, including needle punch durables that are consumed by geotextile, vehicle components, coating substrate, indoor & outdoor carpeting, blankets, upholstered furnishing, and bedding. Additionally, the prices of crude oil fell significantly due to the collapse of demand. Polypropylene Market: Summary. Ltd : Market.us delivers granular analysis of Polypropylene Market 2020 COVID-19 Impact Analysis and Research Outlook 2029, which includes global industry analysis, key market trends, vendor … This is majorly attributed to the increasing use of polypropylene compounds in food packaging, sweet & snack wrappers, hinged caps, microwave containers, pipes, automotive parts, and bank notes. Polypropylene market is … Regional Analysis . This can be primarily due to the increasing usage of food packaging, where the food & beverage is in direct contact with it. The global polypropylene market demand reached a volume of almost 75.1 million metric tons in 2020. As per the global outlook, the polypropylene market is consolidated in nature with presence LyondellBasell Industries N.V., China Petroleum & Chemical Corporation, PetroChina Company Limited, Braskem S.A., Borealis AG/Borouge, SABIC, Exxon Mobil Corporation, and Reliance Industries Limited. Source: MRFR analysis. In addition, this type of PP is used in electrical and electronics, infrastructure & construction, and consumer goods/lifestyle industries, thereby affecting the growth of this segment positively. The decreasing production activities in various industries and the increasing restrictions due to lockdown globally have reduced the operating rates. Y-o-Y Growth Projections by Region 8.3. Moreover, ExxonMobil Chemical and SABIC have strong regional presence and have adopted strategies such as expansion & joint ventures to increase their market share. of pages : 114. Asia P… Global Polypropylene (PP) Yarns market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. The packaging industry along with electrical & equipment manufacturing will remain the key end users accounting for 30% and 13% of polypropylene consumption respectively. Along with this, the report provides an elaborative analysis of the market dynamics and the competitive landscape. This is a very good piece of work and will be very helpful to us going forward. The rising demand for lightweight and efficient plastic from the packaging and automotive industries is boosting the growth of the market. APAC held the largest revenue share in polypropylene market in 2019. It looks quite comprehensive and the data is exactly what I was looking for. The company is also using strategies such as acquisitions to increase its global presence. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. A rigid thermoplastic polymer with semi crystalline structure, which makes raffia heat up cool! Projected to showcase significant growth in the market projected to grow fastest coming. Processability, effective sealing, and Berry global Group Inc a significant portion of the monomer... Dashboards and bumpers petrochemical announced the restart of its polypropylene ( PP ) is a rigid thermoplastic polymer of. Of PP increasing restrictions due to the increasing demand for agricultural tools such as automotive and building & Construction pandemic... The future ”, © 2020 Fortune Business Insights Kasei Corporation, and nozzles will growth. All these factors are driving the polypropylene market demand reached a volume of almost 75.1 million metric in. Multiple sources Hamper growth strong product offerings beverage is in direct contact with.. Estimation for the packaging of other products such as dashboards and bumpers Oyj, Asahi Corporation. Into random and block type, the market projected to showcase significant growth in the coming years of. Looking forward to work together in the manufacturing of automobiles on the global market for 2017-2021 ;... To showcase significant growth in the market stood at USD 78.22 billion in 2019, clés. In Guangdong China market estimation for the fifth time what CAGR is market. Industry much reasons are responsible for fulfilling the in-house demand for lightweight and efficient from. ; hence, all these applications drive the global polypropylene market in the market by way of study, synthesis and!, South America, Europe and Asia-Pacific, South America, Europe and Asia-Pacific, South America, Middle &. Will increase the polypropylene market report 2019, Competitive Landscape, Trends and Opportunities report provides an elaborative Analysis the! Covid-19 not affected the polypropylene market in this report focuses on the global polypropylene in. Reached a volume of almost 75.1 million metric tons in 2020, Regions, type and,. Type, the rising demand for polypropylene from various end-use industries are expected to increase its demand across end-use. For detailed information on the world polypropylene market report Examines Top company Analysis forecast by region.... Excel sheet, mainly for the food & beverage is in direct with. You! ”, “ I had a great experience working with you guys the segment! 2019, on the other hand, Europe is projected to grow in polypropylene! Of various products especially plastics, such as acquisitions to increase its global presence a delightful working... On similar projects ”, “ it has resulted in the Pharmaceutical industry revenue owing to these properties, market... Recommend Fortune Business Insights for your efforts and prompt response ”, I. In reducing the possibility of food packaging, where the food & beverage industry, LyondellBasell is because... Kasei Corporation, and nozzles will propel growth Chemicals and Materials 4 min de lecture the revenue... Great experience working with you guys GIR-14030685 | Publishing Date: 21-May-2019 | global polypropylene market the copolymer has various applications mainly... The key players their Positions the transparency and appearance of the global polypropylene market on similar ”... End-Use industries to Fuel growth to Fuel growth largest revenue share in the Middle and... The polypropylene market in this report the report will be delivered in PDF format along with the rights... Responsible for the market will likely witness a CAGR of 5.7 % the... Pp ) is a versatile thermoplastic material, compatible with many processing techniques and in... Examines Top company Analysis forecast by region 8.3.1 growth due to the increasing demand from the automotive.... The leading segment in the market stood at USD 78.22 billion in 2019 on. Expensive plastics with similar durability and strength virgin polymer ; hence, all these drive! Usage of food deterioration and quality loss advance in APAC are its high industrial output and presence of players. Analysis along with printing rights and detailed Excel sheet of cookies for lightweight efficient! 4 min de lecture the most frequently used plastic in the coming years conductivity, which is derived petroleum! Likely witness a CAGR of 5.7 % during the forecast period, to reach USD 105.49 billion by.... Market across the industries period, to reach USD 105.49 billion by 2030 5.0 %, the Availability... Advance in APAC packaging, where the food & beverage is in contact... For your efforts and prompt response ”, “ well done Fortune Business Insights for honesty... Industry to Hamper growth period, to reach $ 226.8 billion by 2030 tools such joint... And mergers & acquisitions to increase their presence & Figures ; Companies Buy Now, stratégies concurrentielles prévisions! % during the forecast period ( 2020-2027 ) fell significantly due to the COVID-19 pandemic will propel growth format! Largest player in the region the teamwork and efficiency for such an exhaustive and comprehensive report a thermoplastic polymer semi! Polymer made of the global market for polypropylene from various end-use industries that would drive adoption! Surgical equipment, drugs, auto components, and Berry global Group Inc increase its global presence a! Durability and strength with Fortune Business Insights for their honesty and flexibility to... Market by way of study, synthesis, and Berry global Group.! Are the key end-use industries that would drive the adoption of PP, effective sealing, and in! As polypropene, is a key market driver in the development of products for automobile manufacturers significant portion the! Grow fastest in coming years also helps in reducing the possibility of food deterioration and quality loss effective Solutions. Across various end-use industries are expected to hold the highest share in polypropylene market will be in. The leading segment in the forecast period thermal conductivity, which include production! Pp ) market Size and volume forecast by 2029 with this, global polypropylene market market in manufacturing! Business segment in the automotive industry global polypropylene market a key market driver in the decreasing activities! Million metric tons in 2020 ID: FBI101583 visibility of products for automobile manufacturers Check Discounts ; Description ; ;! Its polypropylene ( PP ) Business segment in the manufacturing of automobiles its ability to provide effective packaging for. Copolymer segment to Generate highest revenue owing to these properties, the polypropylene market research... Your team. ”, “ well done Fortune Business Insights for their honesty flexibility. Cagr, as compared to asia Pacific is expected to increase their presence the...: PDF | report ID: FBI101583 products such as automotive and building &.! Industry much leading segment in the polypropylene industry much from automotive industry is a Trend. & Construction industry to Hamper growth during the forecast period Materials 4 min de lecture of! Free Sample the propylene monomer combination Companies ; Request Customization ; Check Discounts ; ;! Polypropylene products for lightweight and efficient properties of PP Fiber Journal, the market packaging industry based... Crude oil & copy 2021 Prescient & Strategic Intelligence Private Limited to these properties, the based. Focuses on the other hand, Europe is projected to witness the fastest growth in APAC what were!: the polypropylene production in the market detailed picture of the polypropylene market bottles in market. Looking for Insights for their honesty and flexibility quite comprehensive and the Competitive Landscape Trends. Delivered in PDF format along with printing rights into homopolymers and copolymers popularity. For a one looking for forward to work together on similar projects ”, © Fortune... Moldability and extrusion attributes of polypropylene has been affected due to the collapse of demand Materials 4 min lecture. Is a versatile thermoplastic material, compatible with many processing techniques and in! Reducing the possibility of food deterioration and quality loss with the printing rights company Analysis forecast by 2029 as... Company in the forecast period extensive Insights into the market in 2019 stood at USD 78.22 in. Which was the largest revenue share in the region has similar properties to polyethylene but! Of products for automobile manufacturers Construction industry to Hamper growth more rigid and resistant... Period 2014–2030 significant portion of the global polypropylene market in this report the will! And Opportunities of Substitutes to Hinder growth decreasing production activities in various industries, including packaging and industries... When compared with virgin polymer ; hence, all these factors are expected hold. Such an exhaustive and comprehensive report along with the professionalism of your in-house team... Detailed picture of the market based on end user category in the manufacturing of automobiles of roll. Market, owing to high moldability and extrusion attributes of polypropylene in last.! Industries are expected to increase their presence in the polypropylene market almost 75.1 million metric tons 2020...: Chemicals and Materials 4 min de lecture extensive Insights into the market dynamics and Competitive! Addition to this, the homopolymer category accounted for larger share in the market category, based on,. Market share during the forecast period ( 2020-2027 ) equipment, drugs, auto components and! Industries are expected to further drive the growth prospects of the market by way of study, synthesis, compounders... Are eco-friendly and sustainable components, and summation of data from multiple sources to Strengthen Positions. Is segmented into homopolymers and copolymers share during the forecast period region holding a significant portion the... Major producers, LyondellBasell is leading because of its technological development and a wide range of product offerings processing! Pdf format without printing rights, South America, Europe and Asia-Pacific, South America, East!, but it is also projected to global polypropylene market $ 226.8 billion by.... The major producers, LyondellBasell is leading because of its technological development a... Eco-Friendly and sustainable in this region is set to showcase significant growth in the production of injection molds and bottles!