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Polypropylene Market by Type, Application, End-Use Industry And Region - Global Forecast to 2022

Polypropylene Market: Global Forecast until 2022

  • January 2018
  • 156 pages
  • ID: 5304232
In this report:
According to the Japan Electronics and Information Technology Industries Association (JEITA), the global electronics and IT industries was worth USD ##,## billion in 2016 and is expected to reach USD ##,## billion by 2017, registering a CAGR of ##% between 2016 and 2017.
According to the Ministry of Economic Affairs (MOEA), the annual production of Taiwan's overall automotive industry was USD ##.## billion (NT ##.## billion) in 2013, comprising ##.##% of the country's total manufacturing output.

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Polypropylene market forecasted to grow at a compound annual growth rate (CAGR) of 5.6% during the forecast horizon

The polypropylene market size is projected at ~$75.4B in 2017 and estimated to reach ~$99.2B by 2022, at a compound annual growth rate of 5.60 percent between 2017 and 2022. Polypropylene is a thermoplastic polymer which is used in a variety of applications, and is produced by the combination of the propylene monomer with catalysts. It is mainly used in the packaging market for consumer products, food containers, cosmetic products, beverages, and others.

Polypropylene is also used in the automotive sector for the manufacture of plastic parts, car bumpers, dashboards, and others. There is a increasing demand for polypropylene from applications, including injection molding, fiber and raffia, film and sheet, blow molding, and others

Homopolymer is forecasted to be the quickest-rising type of polypropylene during the outlook period

Homopolymers are the most-widely used polypropylene type, and are also known as Polypropylene Homopolymers. Homopolymers offer high strength to weight ratio and are stiffer than copolymers. The excellent chemical resistance and weldability enable the use of the polypropylene homopolymer for different corrosion resistant structures.

Growing demand for polypropylene in the automotive and medical sectors in the Asia Pacific is anticipated to fuel the rise of homopolymer market during the estimate period. Quick industrialization in China (CN) and India (IN) over the upcoming six years is expected to drive the industry demand for polypropylene in the Asia Pacific

Injection molding application is estimated to account for the biggest share of the polypropylene market during the outlook period

Injection molding application is forecasted to account for the main share of the global polypropylene market in terms of quantity during the estimate period. This is associated with the big demand for polypropylene for the manufacture of molded plastic products due to the features of polypropylene, including low density, excellent moisture resistance, high impact strength, and chemical resistance

Medical is envisaged to be the quickest-increasing end-use market of the polypropylene market during the outlook period

The medical sector is planned to be the quickest-rising consumer of polypropylene, as it has a good mixture of heat resistance and structural properties of polycarbonate, impact resistance of polyester, radiation resistance of polystyrene or Polyethylene, and flexibility or soft feel of flexible polyvinyl chloride. It also has excellent chemical resistance

APAC expected to be the quickest rising market for polypropylene during the estimate period

Asia-Pac is intended to be the quickest increasing market for polypropylene during the outlook period, due to growing automotive production in the territory. China (CN) is forecasted to be the quickest developing market for polypropylene in the Asia Pacific, succeeded by India (IN) and South Korea (KR). The automotive market is developing quickly in Southeast Asian countries, including Thailand, Indonesia (ID), and Malaysia (MY). These countries are an emerging hub for car production due to the increasing demand and purchasing power of the middle-class population. All these factors act as top increase drivers for the polypropylene market in the Asia Pacific.

Extensive primary audit sessions were conducted to determine and verify the market value for various segments and sub-segments and info collected by secondary research.

The break-up of primary interviews is presented below:

• By Company category - Tier 1 - 50.0 percent, Tier 2 - 37.0 percent, and Tier 3 - 13.0 percent

• By Description - D-level - 31.0 percent, C-suite - 23.0 percent, and Others* - 46.0 percent

• By Area - North America continent - 17.0 percent, Europe (EU) - 32.0 percent, Asia Pacific (APAC) - 31.0 percent, South America region - 13.0 percent, Middle East (ME) & African continent - 7.0 percent

Note: The tiers of the firms are defined on the basis of their total revenues, as of 2016: Tier 1 = >USD 500 million, Tier 2 = $100.0M to $500.0M, and Tier 3 =

*Others contain sales managers, marketing managers, and product managers.

The firms decribed in this research report contain LyondellBasell, Saudi Basic Industries Corporation, Exxon Mobil (NYSE:XOM), E.I. du Pont de Nemours et compagnie (NYSE:DD, INEOS, Total (EPA:FP), Formosa Plastics Group, China Petrochemical Corporation, LG Chem, and Sumitomo Chemicals.

Segment Research

This market research classifies the polypropylene market based on type, application, and area. The study includes exhaustive information concerning the main factors influencing the increase of the polypropylene market, including drivers, industry restraints, opportunities, and possibilities. An in-depth study of the main industry actors has been undertaken to provide industry insights into business overviews, products & services, top strategies, business growths, new industry product developments, strategic agreements and recent evolutions combined with the sector.

Reasons to Buy the Report

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the polypropylene market comprehensively and offers the closest approximations of market sizes for the global market and sub-segments across verticals and localities.

2. The market research will facilitate partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners comprehend the top players and obtain business insights to improve their positions in the business sector. The competitive outlook section includes business developments, new industry product developments, and strategic agreements.

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