Polypropylene Market

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Polypropylene MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Polypropylene MARKET 2020
Polypropylene Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Polypropylene is a thermoplastic polymer which is
used for designing molded materials and fibers.
It has various significant properties such as
mechanical and chemical resistance along with
translucent features. It is used to provide
flexibility, comfort, and aesthetic value to the
product. The global polypropylene market has been
driven by its growing consumption in various
sectors such as agriculture, automotive,
construction, packaging, electrical
electronics, and others. Moreover, it is
estimated that the automotive segment is set to
witness the highest growth in the market due to
rising substitution of heavy metals by
lightweight materials.
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Polypropylene MARKET 2020
Market Segmentation The global polypropylene
market is segregated into application. On the
basis of application, the market is further
categorized into agriculture, automotive,
construction, packaging, electrical
electronics, and others. The automotive sector is
the leading segment in the market owing to
growing substitution of heavy metals by
lightweight materials in order to improve the
thermal efficiency and optimal performance of the
vehicles. It is predicted that an increased use
of plastics in irrigation pipes is set to drive
the agriculture segment during the assessment
period. A significant growth is witnessed in the
packaging segment due to growing adoption of
lightweight materials because they provide
excellent flexibility and sufficient storage
space to the product. The electrical
electronics segment is set to grow at a higher
rate due to the growing consumption of low
density materials in manufacturing various
devices such as smartphones, laptop, TVs, and
other accessories. The polypropylene materials
are used in these devices to act as an insulator
to counteract high thermal conditions generated
in the product. Therefore, recyclability,
reliability and energy efficiency are the
important factors which are prompting the
manufacturers and investors to shift their focus
from heavy metals to low density
materials. Enquiry of the Report
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Polypropylene MARKET 2020
Regional Analysis
The global polypropylene market is spanned across
five key regions of the world namely Asia
Pacific, North America, Europe, Latin America,
and the Middle East Africa. Among these, Asia
Pacific holds a major portion of the global
market and is anticipated to continue its
dominance due to the rising demand for
polypropylene in various applications. Countries
such as China, Japan and India are the major
players in this region. The North America region
is estimated to witness a higher growth in the
U.S., Canada and Mexico owing to increasing
demand for lightweight materials in aerospace,
automotive, and energy sectors. A recognized
growth is observed in the European region owing
to the growing consumption of thermoplastic
materials in automotive, aerospace, construction
and buildings. Moreover, it is projected that the
advancing research development of product in
the market has propelled this region to witness a
significant growth in Germany, the U.K. and Italy.
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Polypropylene MARKET 2020
Application Major Players in this Research
Polypropylene Market Prominent Players Some of
the major players functioning in the global
polypropylene market are The Dow Chemical Company
(U.S.), LyondellBasell (U.S.), Exxon Mobil
Corporation (U.S.), SABIC ( Saudi Arabia), INEOS
(Switzerland.), LANXESS (Germany), Chevron
Phillips Chemical Company (U.S.), Eni S.p.A. (
Italy), BASF SE ( Germany), and LG Chem ( South
Korea) among others.
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