Polypropylene Market Information: By Application (Agriculture, Automotive, Construction, Packaging, Electrical & Electronics) and Region - Forecast 2027
|ID: VPR/CR/1152||Publishing Year: January 2022||Pages: 117||Format:|
Polypropylene Market Overview:
Polypropylene is a lightweight material with a long list of advantages, including resistance to a wide range of chemical solvents, acids, and bases, high tensile strength, stain resistance, and low moisture resistance. It is widely used in the fabrication of automobile components, packaging and labelling, medical devices, construction, and a variety of laboratory equipment, among other things, due to its excellent chemical and mechanical qualities.
Over the projected period, increased demand for Polypropylene Material in the packaging industry, where demand is strongly linked to rising consumption of packed food and drinks, is likely to drive product demand. Polypropylene helps to reduce the risk of food degradation and has great moisture resistance, making it a good choice for food packaging solutions in the food and beverage industry.
Automotive components, profiles, fashion clothes, and healthcare devices are all made from Polypropylene (PP) Material. Polypropylene demand is predicted to rise in the next years, driven by rising demand for the aforementioned components in various end-use industries, as well as technical improvements and evolving consumer tastes toward lightweight electronics devices.
Some of the major players in the Global Bio Based Polypropylene Market include Braskem, SABIC, Biobent Polymers, Neste, FKuR Kunststoff GmbH, Novamont SpA, Sinopec Group, PTT Global, Global Bioenergies, Trellis Earth Products, Inc., and DowDuPont. Some other companies in the Global Bio Based Polypropylene Market are Mitsubishi Chemical, LyondellBasell, ExxonMobil, and Reliance Industries.
The key growth driver for the Polypropylene Market is increasing demand from end-use sectors such as packaging, automotive, building & construction, healthcare, and electricals & electronics. Polypropylene is a low-cost plastic with outstanding mechanical and moldability qualities. Polypropylene accounts for more than half of the plastic used in the automobile industry as a result of this. Different elements, such as bumpers, instrument panels, and door trims, are made of Polypropylene.
Polypropylene is a good material for packing because of its low density, lightweight, excellent heat resistance, durability, and great clarity. Polypropylene is also utilised for insulating building coverings and insulating electronics goods in the building and construction and electrical and electronics industries. China's Ministry of Industry and Information Technology expects electric vehicle sales to quadruple in the next several years. All of these elements are important growth drivers for Polypropylene.
Other plastics include polystyrene (PS), polyethylene terephthalate (PET), polyurethane (PUR), polyvinyl chloride (PVC), and polyethylene terephthalate (PET) (PE). Polypropylene faces significant competition from these plastic compounds. Polyethylene is the most widely used and manufactured of these plastic polymers. Polyethylene may be made into both soft and flexible products as well as rigid and durable ones.
Polyethylene may be moulded into a variety of shapes, ranging from the most basic to the most sophisticated. Polyethylene is a good alternative for polypropylene because of these characteristics. In addition, the availability of alternative comparable polymers puts Polypropylene under a lot of pressure.
Type, process, chemical structure, end use, and application are all used to segment the polypropylene market. The growth of the various segments aids you in gaining information of the many growth variables that are projected to be prevalent throughout the industry, as well as formulating distinct tactics to help discover primary application areas and differences in your target markets.
The Polypropylene Market is divided into homopolymer and copolymer segments based on type. Block copolymer and random copolymer are two different types of copolymer.
Injection moulding, blow moulding, extrusion, and other processes are used to segment the Polypropylene Industry.
The Polypropylene Market is divided into three categories based on chemical structure: isotactic, syndiotactic, and atactic.
Packaging, building and construction, automotive, furniture, electrical and electronics, medical, consumer products, and others make up the Polypropylene Market. Flexible packaging and rigid packaging are the two types of packaging. Automobiles are further divided into battery cases and trays, bumpers, fender liners, interior trim, instrument panels, door trims, and other accessories. Fibers and fabrics, industrial, and BOPP Film are the three subcategories of consumer goods.
As mentioned above, the Polypropylene Market is examined, and market size and volume data are supplied by nation, type, method, chemical structure, end use, and application.
The Polypropylene Market Report covers the United States, Canada, and Mexico in North America, Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and the Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, and the Philippines in the Asia-Pacific (APAC), Saudi Arabia, the United Arab Emirates, and Israel in the Asia-Pacific (APAC).
The Polypropylene Market in Asia-Pacific is dominated by the automotive and packaging industries, as well as the presence of several industry participants in the area. Because of the increasing usage of packaging in the food and beverage industry, as well as increased consumer demand for lightweight automotive components and electrical items in this region, North America is predicted to have the fastest growth rate.
A drop in Polypropylene demand has been noted as a result of a significant slowdown in the construction and automotive industries, where Polypropylene is in high demand. Overflowing inventories are causing a significant supply and demand mismatch among manufacturers in the Polypropylene Industry.
Falling oil prices have skewed market dynamics for propylene, a crucial feedstock utilised in the production of Polypropylene all over the world. As a result, several oil firms that own significant refineries are finding themselves in charge of cancelling key Propylene supply investments, which will have an indirect impact on the Polypropylene Market.
The COVID-19 situation, according to Future Market Insights, would cause a BPS decrease of 200-225 points in the polypropylene market in 2020. Lockdowns and other mobility restrictions will be eased in June, allowing for some recovery. Overall demand, however, will only begin to increase in early 2021.
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