Polypropylene Market: Summary
The Global Polypropylene Market is estimated to reach USD 112.3 Billion by 2025 at a CAGR of 6.1 %, predicts forencis research (FSR).
Polypropylene also referred as polypropene, is a rigid thermoplastic polymer with semi crystalline structure, which has gained massive popularity in last decade. The polypropylene is manufactured by polymerization process from the monomer propylene. It is one of the most used polymer, which possess high temperature resistance, low density, with high electrical fatigue and chemical resistance. Due to these excellent properties and ease in fabrication, the polypropylene is widely accepted in household articles, toys, rigid & flexible straps, pipes, electrical and automotive components, injection molding for production of industrial components.
Market Drivers:
The plastics or polymers are crucial in the packaging sector owing to their superior properties, durability and cost advantages. Polypropylene is gaining higher demand from the packaging industry owing to higher resistance to chemical, fatigue, water and elevated temperature conditions. The rising demand for sustainable and innovative packaging solution across varied industries is projected to boost the market growth in the forecast period. Also, soaring demand for PP packaging films especially from food and beverage sector is projected to spur the market growth.
The growth of the polypropylene market is further pushed uphill owing to increasing investment by the key players on the expanding production of the polypropylene. The increase in number of production facilities owing to soaring demand of the propylene from the end–user industries. In 2018, the Exxonmobil announced investment of several hundred million dollars on the US Gulf coast project for boosting the polypropylene capacity. Ongoing investment in the emerging countries is projected to fuel the market growth in the years to follow.
Market Restraints:
The polypropylene market is witnessing growth at a remarkable pace, however, availability of substitutes is expected to hinder the market growth in the years to follow. Advent of new materials such as Acetal (POM), Polyhydroxy butyrate (PHB), and others, which exhibits similar properties to polypropylene with better recyclability may replace the PP. In addition to this, substitutes such as Polyhydroxy butyrate (PHB), emits lower emission, which may drive its demand. This, in turn, is projected to hinder the market growth
The report on the Polypropylene market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2018-2025 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2025 (2020 estimated year, forecasted up to 2025) |
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Measured Units |
Value (USD Million) Volume (Units) |
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Segments Included |
Grade, Application, End-User Industry |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Polypropylene Market, by Grade
Polypropylene Market, by Application
Polypropylene Market, by End-User Industry
Polypropylene Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Soaring Demand from Packaging Industry
4.2.2. Increasing Investment by The Prominent Companies to Boost Polypropylene Production
4.2.3. Growing End-User Industries
4.3 Restraints
4.3.1 Emergence of Substitute
4.4 Opportunities
4.4.1. Rising Adoption of Bio Based Polypropylene
4.4.2. Recyclability of Polypropylene
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 POLYPROPYLENE MARKET BY GRADE, Market Size in USD Million and Kiloton (2018—2025)
6.1 Introduction
6.2 Photopolymer Polypropylene
6.3 Random Copolymer Polypropylene
6.4 Block Copolymer Polypropylene
7 POLYPROPYLENE MARKET BY APPLICATION, Market Size in USD Million (2018—2025)
7.1 Introduction
7.2 Injection Molding
7.3 Blow Molding
7.4 Film
7.5 Fiber
7.6 Others
8 POLYPROPYLENE MARKET BY END-USER INDUSTRY, Market Size in USD Million (2018—2025)
8.1 Introduction
8.2 Automotive
8.3 Packaging
8.4 Electrical & Electronics
8.5 Construction
8.6 Medical
8.7 Consumer Goods
8.8 Others
9 POLYPROPYLENE MARKET BY REGION, Market Size in USD Million (2018—2025)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Exxon Mobil Corporation
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 BASF SE
11.3 Borealis AG
11.4 Saudi Basic Industries Corporation (SABIC)
11.5 Braskem SA
11.6 Chevron Phillips Chemical Company
11.7 LyondellBasell Industries
11.8 Covestro AG
11.9 China Petroleum & Chemical Corporation
11.10 Total SA
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
