The market research report provides qualitative and quantitative insights on the market and a detailed analysis of market size & growth rate for all possible segments in the market. The report covers data on global, regional and national markets including present and future trends for … Which region is expected to hold the highest share 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. The Global Polypropylene Consumption Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. As per the research report, the worldwide market for Polypropylene is estimated to expand at a CAGR of xx % during the period from 2019 to 2026. The rising demand for lightweight and efficient plastic from the packaging and automotive industries is boosting the growth of the market. Moreover, ExxonMobil Chemical and SABIC have strong regional presence and have adopted strategies such as expansion & joint ventures to increase their market share. Who are the key players and what are their strategies to increase their presence? Amongst these plastics materials, polyethylene is the … Key players in the market are trying to expand their presence in the region owing to huge opportunities from the growing automotive and construction industries. This market is growing rapidly owing to the rising demand from the packaging industry, This high demand is associated with the increasing consumption of packaged food and beverages. On the other hand, Europe is projected to showcase significant growth in the market. This report categorizes the market based on manufacturers, regions, type and application. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. The decreasing production activities in various industries and the increasing restrictions due to lockdown globally have reduced the operating rates. The rising demand for PP from various industries, including packaging and automotive will drive the growth of the market. Polypropylene also referred as polypropene, is a rigid thermoplastic polymer with semi crystalline structure, which has gained massive popularity in last decade. Polypropylene (PP) is a versatile thermoplastic material, compatible with many processing techniques and used in many commercial applications. How much is the polypropylene market worth? What is the growth forecast for the polypropylene market? Between these, the block copolymer is majorly demanded, owing to high toughness and less brittleness than random copolymer, which is further driving the polypropylene market. "Innovative Market Solutions to Help Businesses Make Informed Decisions", Region : Global | Format: PDF | Report ID: FBI101583. This report focuses on the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. The packaging is the major application of polypropylene owing to its properties such as high-temperature resistance, moisture barrier, flexibility, and lightweight nature, making it an ideal material for food packaging. Global Polypropylene (PP) Market Analysis and Forecast by Region 8.1. Technavio’s analysts forecast the global polypropylene market to grow at a CAGR of 5.42% during the period 2017-2021. The diversified and efficient properties of PP are expected to increase its demand across various end-use industries. China held the largest revenue share in this regional market, owing to large population, urbanization, and technological advancements, which drives the plastics industry. It is also used in the production of different types of automobile parts such as dashboards and bumpers. Polypropylene is obtained by the polymerization of propylene gas, which is derived from petroleum crude oil. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. Global Polypropylene Nonwoven Fabric Market- Featuring Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, and Berry Global Group Inc. However, the growth of the polypropene market in North America region is anticipated to grow at a relatively lower CAGR due to the stabilizing markets as compared to the growth in Asia Pacific. Polypropylene (PP) Market Size and Volume Forecast by Region 8.3.1. Which was the largest company in the polypropylene market in 2019? In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Polypropylene (PP) Yarns. An Infographic Representation of Polypropylene (PP) Market, To get information on various segments, share your queries with us, Value (USD Billion) and Volume (Million ton). Published On :04 Jan 2021 Report Code :GRS6012666 Category : Chemicals and Materials We use cookies to enhance your experience. For instance: The polypropylene market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030. Europe 8.3.4. Description; TOC; Tables & Figures; Companies; Request a free Sample. 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. 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