The Polypropylene market in Belgium has exhibited noticeable fluctuations over the past decade. From 2012 to 2017, the market saw variations with initial declines, hitting a low in 2014, before experiencing a positive trend, peaking in 2017 with a peak year-on-year growth of 7.28%. Following this, the market faced significant declines between 2018 and 2021, hitting a low in 2021 with a declining CAGR of -3.02%. A modest recovery is observed in 2022, with a year-on-year increase of 4.76%, though the 5-year CAGR remains at -3.48%.
Future trends to watch for:
- Impact of sustainability initiatives and environmental regulations on production and usage.
- The influence of economic growth and industrial activities in Belgium on market demand.
- Technological advancements in polypropylene manufacturing and applications.
How does Belgium rank in Polypropylene Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,293,900,000 | 2023 | +0.094% | +0.88% | View data |
| 2 | 2 Belgium | 1,172,400,000 | 2023 | +1.38% | -2.43% | |
| 3 | 3 Spain | 871,860,000 | 2023 | +4.27% | +0.85% | View data |
| 4 | 4 United Kingdom | 326,900,000 | 2023 | -0.65% | -0.85% | View data |
| 5 | 5 Portugal | 300,280,000 | 2023 | +3.6% | +5.09% | View data |
