Precedence Research recently published a report on “Polypropylene Market (By Process: Blow Molding, Extrusion, Injection Molding, and Others; By Type: Copolymer and Homopolymer; By Application: Film & Sheet, Raffia, Fiber, and Others; By End-use: Building & Construction, Electrical & Electronics, Automotive, Medical, Packaging, and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, The global polypropylene market size is projected to reach USD 173.49 billion by 2027 from an estimated USD 114.77 billion in 2019, at a CAGR of 5.3% from 2020 – 2027.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates polypropylene market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global polypropylene market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2019 along with a forecast from 2020 to 2027 based on value.
Polypropylene is basically a thermoplastic material that is prominently used for manufacturing fibers and molded materials. It provides excellent chemical and mechanical resistance coupled with translucent features. Excellent stiffness, lightweight, and flexibility properties offered by the product are the major trends and are significantly promoting the market growth over the upcoming years. In addition to these factors, they are notably used in various end-use industries such as automotive, agriculture, packaging, construction, electrical & electronics, and many others.
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Scope of the Study
This polypropylene market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Growth Factors
Increasing demand of polypropylene from various end-use sectors such as automotive, packaging, healthcare, building & construction, and electrical & electronics attributed as the primary factors that drives the growth of the product. Features of polypropylene such as low-cost and excellent mechanical strength along with moldability are the major factors due to which more than half of the plastics used in the automotive sector are polypropylene. Polypropylene is used in various parts of an automobile, such as instrumental panels, bumpers, and door trims.
Furthermore, the properties of polypropylene that include lightweight, low density, durability, high heat resistance, and high clarity make it a suitable for packaging applications. Polypropylene is also used significantly in the electrical & electronics and building & construction for the insulation of building wrap as well as electronics goods.
However, rising environmental concern and government regulations for banning the use of plastic products expected to hamper the market growth in the upcoming years. Furthermore, there are number of substitutes available for the polypropylene such as polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), and many other that again restricts the market growth in the coming years.
Report Highlights
Regional Snapshots
The Asia Pacific captured major share in the market revenue accounting for nearly half of the market value in 2019 and further expected to growth prominently throughout the forecast timeframe. The remarkable growth of the region is mainly attributed to the increasing demand of polypropylene from packaging, automotive, medical, and building & construction sectors. The region is a growing market place for all the aforementioned industries owing to large consumer base and high growth in the disposable income of consumers that in turn attributed as a prime factor for the market growth for polypropylene in the region. In addition to this, supportive government policies for light weight electronics and automotive parts in order to control the rising environmental pollution again boost the demand for the product over the upcoming period.
Moreover, North America and Europe are the prominent regions that hold nearly 30-35%market value collectively in the year 2019. Growing packaging and automotive industry in the regions are the main factors supporting the rapid growth of the market in the regions. Rising trend for packaged foods and drinks because of hectic lifestyle again triggers the growth of the polypropylene packaging solutions in these regions.
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the polypropylene market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the polypropylene market include:
Segments Covered in the Report
By Process
By Type
By Application
By End-use
By Regional
Key Points Covered in polypropylene market Study:
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Polypropylene Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Polypropylene Market
5.1. Covid-19: Polypropylene Industry Impact
5.2. Polypropylene Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Polypropylene Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Polypropylene Manufacturers to deal with Covid-19 Pandemic Scenario
Chapter 6. Polypropylene Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing Preference of Polypropylene over Traditional Materials across Various Industries
6.1.1.2. Prominent Growth of End-use Industries
6.1.2. Market Restraints
6.1.2.1. Availability of Substitute that provides Stiff Competition to the Product
6.1.3. Market Opportunities
6.1.3.1. Significant Demand of Polypropylene from Automotive Industry
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
6.3. PESTEL Analysis
Chapter 7. Global Polypropylene Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Polypropylene Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Polypropylene Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Polypropylene Market Production by Manufacturer (2015-2020)
7.1.1.4. Polypropylene Market Production Market Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Manufacturers Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Polypropylene Market, By Process
8.1. Polypropylene Market, by Process, 2016-2027
8.1.1. Blow Molding
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Extrusion
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Injection Molding
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)
8.1.4. Other
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.4.2. Market Production and Forecast (2016-2027)
Chapter 9. Global Polypropylene Market, By Type
9.1. Polypropylene Market, by Type, 2016-2027
9.1.1. Copolymer
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Production and Forecast (2016-2027)
9.1.2. Homopolymer
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Production and Forecast (2016-2027)
Chapter 10. Global Polypropylene Market, By Application
10.1. Polypropylene Market, by Application, 2016-2027
10.1.1. Film & Sheet
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.1.2. Market Consumption and Forecast (2016-2027)
10.1.2. Raffia
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.2.2. Market Consumption and Forecast (2016-2027)
10.1.3. Fiber
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.3.2. Market Consumption and Forecast (2016-2027)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.4.2. Market Consumption and Forecast (2016-2027)
Chapter 11. Global Polypropylene Market, By End-use
11.1. Polypropylene Market, by End-use, 2016-2027
11.1.1. Building & Construction
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.1.2. Market Consumption and Forecast (2016-2027)
11.1.2. Electrical & Electronics
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.2.2. Market Consumption and Forecast (2016-2027)
11.1.3. Automotive
11.1.3.1. Market Revenue and Forecast (2016-2027)
11.1.3.2. Market Consumption and Forecast (2016-2027)
11.1.4. Medical
11.1.4.1. Market Revenue and Forecast (2016-2027)
11.1.4.2. Market Consumption and Forecast (2016-2027)
11.1.5. Packaging
11.1.5.1. Market Revenue and Forecast (2016-2027)
11.1.5.2. Market Consumption and Forecast (2016-2027)
11.1.6. Others
11.1.6.1. Market Revenue and Forecast (2016-2027)
11.1.6.2. Market Consumption and Forecast (2016-2027)
Chapter 12. Global Polypropylene Market, Regional Estimates and Trend Forecast
12.1. Global Revenue and Production Forecast (2016-2027)
12.2. Global Revenue and Consumption Forecast (2016-2027)
12.3. Global Import and Export Data (2016-2027)
12.4. North America
12.4.1. Overview and Regional Trends
12.4.2. Market Revenue and Production Forecast by Process(2016-2027)
12.4.3. Market Revenue and Production Forecast by Type (2016-2027)
12.4.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.4.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.4.6. U.S
12.4.6.1. Market Revenue and Production Forecast (2016-2027)
12.4.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.4.7. Canada
12.4.7.1. Market Revenue and Production Forecast (2016-2027)
12.4.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.5. Europe
12.5.1. Overview and Regional Trends
12.5.2. Market Revenue and Production Forecast by Process (2016-2027)
12.5.3. Market Revenue and Production Forecast by Type (2016-2027)
12.5.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.5.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.5.6. UK
12.5.6.1. Market Revenue and Production Forecast (2016-2027)
12.5.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.5.7. Germany
12.5.7.1. Market Revenue and Production Forecast (2016-2027)
12.5.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.5.8. France
12.5.8.1. Market Revenue and Production Forecast (2016-2027)
12.5.8.2. Market Revenue and Consumption Forecast (2016-2027)
12.5.9. Rest of EU
12.5.9.1. Market Revenue and Production Forecast (2016-2027)
12.5.9.2. Market Revenue and Consumption Forecast (2016-2027)
12.6. Asia Pacific (APAC)
12.6.1. Overview and Regional Trends
12.6.2. Market Revenue and Production Forecast by Process (2016-2027)
12.6.3. Market Revenue and Production Forecast by Type (2016-2027)
12.6.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.6.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.6.6. China
12.6.6.1. Market Revenue and Production Forecast (2016-2027)
12.6.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.6.7. India
12.6.7.1. Market Revenue and Production Forecast (2016-2027)
12.6.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.6.8. Japan
12.6.8.1. Market Revenue and Production Forecast (2016-2027)
12.6.8.2. Market Revenue and Consumption Forecast (2016-2027)
12.6.9. Rest of APAC
12.6.9.1. Market Revenue and Production Forecast (2016-2027)
12.6.9.2. Market Revenue and Consumption Forecast (2016-2027)
12.7. LATAM
12.7.1. Overview and Regional Trends
12.7.2. Market Revenue and Production Forecast by Process (2016-2027)
12.7.3. Market Revenue and Production Forecast by Type (2016-2027)
12.7.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.7.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.7.6. Brazil
12.7.6.1. Market Revenue and Production Forecast (2016-2027)
12.7.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.7.7. Rest of LATAM
12.7.7.1. Market Revenue and Production Forecast (2016-2027)
12.7.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.8. Middle East and Africa (MEA)
12.8.1. Overview and Regional Trends
12.8.2. Market Revenue and Production Forecast by Process (2016-2027)
12.8.3. Market Revenue and Production Forecast by Type (2016-2027)
12.8.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.8.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.8.6. GCC
12.8.6.1. Market Revenue and Production Forecast (2016-2027)
12.8.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.8.7. North Africa
12.8.7.1. Market Revenue and Production Forecast (2016-2027)
12.8.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.8.8. South Africa
12.8.8.1. Market Revenue and Production Forecast (2016-2027)
12.8.8.2. Market Revenue and Consumption Forecast (2016-2027)
12.8.9. Rest of MEA
12.8.9.1. Market Revenue and Production Forecast (2016-2027)
12.8.9.2. Market Revenue and Consumption Forecast (2016-2027)
Chapter 13. Company Profiles
13.1. Lyondellbasell Industries Holdings B.V.
13.1.1. Company Overview, Business Information, Regional Presence
13.1.2. Product Portfolio Analysis
13.1.2.1. Product Details, Specification, Application
13.1.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.1.4. Recent Developments and Strategies
13.2. Exxon Mobil Corporation
13.2.1. Company Overview, Business Information, Regional Presence
13.2.2. Product Portfolio Analysis
13.2.2.1. Product Details, Specification, Application
13.2.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.2.4. Recent Developments and Strategies
13.3. SABIC
13.3.1. Company Overview, Business Information, Regional Presence
13.3.2. Product Portfolio Analysis
13.3.2.1. Product Details, Specification, Application
13.3.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.3.4. Recent Developments and Strategies
13.4. China Petrochemical Corporation
13.4.1. Company Overview, Business Information, Regional Presence
13.4.2. Product Portfolio Analysis
13.4.2.1. Product Details, Specification, Application
13.4.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.4.4. Recent Developments and Strategies
13.5. Eastman Chemical Company
13.5.1. Company Overview, Business Information, Regional Presence
13.5.2. Product Portfolio Analysis
13.5.2.1. Product Details, Specification, Application
13.5.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.5.4. Recent Developments and Strategies
13.6. BASF SE
13.6.1. Company Overview, Business Information, Regional Presence
13.6.2. Product Portfolio Analysis
13.6.2.1. Product Details, Specification, Application
13.6.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.6.4. Recent Developments and Strategies
13.7. LG Chem
13.7.1. Company Overview, Business Information, Regional Presence
13.7.2. Product Portfolio Analysis
13.7.2.1. Product Details, Specification, Application
13.7.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.7.4. Recent Developments and Strategies
13.8. Trinseo S.A.
13.8.1. Company Overview, Business Information, Regional Presence
13.8.2. Product Portfolio Analysis
13.8.2.1. Product Details, Specification, Application
13.8.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.8.4. Recent Developments and Strategies
13.9. Total S.A
13.9.1. Company Overview, Business Information, Regional Presence
13.9.2. Product Portfolio Analysis
13.9.2.1. Product Details, Specification, Application
13.9.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.9.4. Recent Developments and Strategies
13.10. Westlake Chemical Corporation
13.10.1. Company Overview, Business Information, Regional Presence
13.10.2. Product Portfolio Analysis
13.10.2.1. Product Details, Specification, Application
13.10.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.10.4. Recent Developments and Strategies
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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