Polypropylene Market Size, Trends, and Key Players – Sumitomo Chemical, LG Chem, China Petrochemical Corporation, Formosa Plastics Group, Total SA, INEOS, Dupont, Exxon Mobil, SABIC
New Jersey, United States, – the Polypropylene market The research report is a detailed study of the Polypropylene industry specializing in identifying the Polypropylene market growth potential and potential market opportunities. Secondary research data comes from government publications, expert interviews, reviews, surveys and trusted journals. The data recorded spans a decade, followed by a systematic review to conduct an in-depth study of the influencing factors in the Polypropylene market.
The polypropylene market was valued at $ 81.39 billion in 2020 and is projected to reach $ 113.68 billion by 2028 and grow at a CAGR of 4.8% from 2021 to 2028.
Polypropylene is a synthetic resin that is a polymer of propylene. It is mainly used for foils, fibers or molded materials. It consists of a combination of propylene monomers. It is used for various packaging needs for consumer goods, plastic parts of various industries such as automotive, packaging and others. Polypropylene has a relatively slippery surface that can make it a possible substitute for plastics like acetal in low friction applications like gears or as a contact point for furniture. It has exceptional resistance to organic solvents such as fats at room temperature, but is subject to oxidation at higher temperatures. A great advantage of polypropylene is that it can be made into a living hinge, that is, extremely thin plastic parts that bend without breaking.
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The report encompasses a comprehensive analysis of the major market players in the market along with their business overview, expansion plans, and strategies. The main actors examined in the report include:
Sumitomo Chemical, LG Chem, China Petrochemical Corporation, Formosa Plastics Group, Total SA, INEOS, Dupont, Exxon Mobil, SABIC, Lyondellbasell Industries Holdings BV
Market segmentation for polypropylene
Polypropylene Market, By Type
Polypropylene market, by application
• Blow molding
• Film & sheet
• Fiber & raffia
• Injection molding
Polypropylene Market, By End-Use Industry
• Electrics and electronics
• Building & Construction
The Polypropylene Market report has been segmented based on various categories such as product type, application, end-user, and region. Each segment is rated based on CAGR, proportion and growth potential. In the regional analysis, the report highlights the potential region that is expected to create opportunities in the Polypropylene market in the coming years.
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Scope of the Polypropylene Market Report
Geographic segment covered in the report:
• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia Pacific (China, Japan, India and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
Key questions answered in the report:
- What is the growth potential of the polypropylene market?
- Which product segment will have the lion’s share?
- Which regional market will emerge as a pioneer in the next few years?
- Which application segment will grow strongly?
- What growth opportunities could arise in the polypropylene industry in the coming years?
- What are the biggest challenges the polypropylene market could face in the future?
- Who are the leading companies in the polypropylene market?
- What are the main trends that have a positive impact on the growth of the market?
- What growth strategies are the players considering to stay in the Polypropylene market?
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