It is recommended for organizations where multiple people would like to access the report from multiple locations. Additionally, the use of products in the electrical & electronics and healthcare & pharmaceutical industries are some of the other key factors driving the market growth in Europe. Global Polypropylene Market Report 2019, Competitive Landscape, Trends and Opportunities. Global Polypropylene Market Report Examines Top Company Analysis Forecast by 2029. Asia Pacific is expected to hold the highest share in the market. Polypropylene Catalyst Market - Global Polypropylene Catalyst Demand, Industry, Analysis, Size, Growth, Estimates, Forecasts The polypropylene market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America generated a revenue of USD 8.83 Billion in 2018 and is anticipated to remain a key region holding a significant portion in the global polypropylene market share during the forecast period. Global Polypropylene Nonwoven Fabric Market- Featuring Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, and Berry Global Group Inc. As per PlasticsEurope, global plastics production was 359 million tons in 2018, owing to rising demand for plastics in packaging and building & construction industries. The report will be delivered in PDF format along with the printing rights. The region is also projected to grow fastest in coming years. SABIC and LyondellBasell are the key players in the market. In 2030, the polypropylene market will be led by the packaging industry, based on end user. Many technologies are integrated with PP production such as spheripol, unipol PP, novolen, innovene PP, hypol, sherizone, borstar PP, chisso, sumitomo, and others. The staple fiber represented 59% of the global nonwoven market, and out of which polypropylene staple fibers held 11% share of the market, which was around 1.0 million tons. In 2019, on the basis of product type, the homopolymer category accounted for larger share in the polypropylene market. "Innovative Market Solutions to Help Businesses Make Informed Decisions", Region : Global | Format: PDF | Report ID: FBI101583. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. Introduction 8.2.1. Ltd : Market.us delivers granular analysis of Polypropylene Market 2020 COVID-19 Impact Analysis and Research Outlook 2029, which includes global industry analysis, key market trends, vendor … Polypropylene (PP) is a versatile thermoplastic material, compatible with many processing techniques and used in many commercial applications. The packaging is the major application of polypropylene owing to its properties such as high-temperature resistance, moisture barrier, flexibility, and lightweight nature, making it an ideal material for food packaging. This report focuses on the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. The global polypropylene market demand reached a volume of almost 75.1 million metric tons in 2020. The global market size of Polypropylene is $XX million in 2019 with XX CAGR from 2015 to 2019, and it is expected to reach $XX million by the end of 2025 with a CAGR of XX% from 2020 to 2025. It is … Furthermore, the availability of substitutes such as polyethylene and polyethylene terephthalate which offer properties similar to PP is acting as a threat to the market growth. The report is an essential resource for a one looking for detailed information on the world polypropylene market. Global Polypropylene (PP) Market Analysis and Forecast by Region 8.1. Owing to its properties such as resistance to impact, heat, and moisture, PP finds application in bumpers, gas cans, and seat panels. Asia P… In addition, this type of PP is used in electrical and electronics, infrastructure & construction, and consumer goods/lifestyle industries, thereby affecting the growth of this segment positively. Global polypropylene accounted for a market volume of 77.8 million tons in the year 2019 and is projected to reach more than 90 million tons over the forecast period, growing at a CAGR of more than 4.5%. The global polypropylene market size was $122.7 billion in 2019, and is projected to witness a CAGR of 5.7% during the forecast period (2020–2030). The polypropylene nonwoven fabric market is poised to grow by USD 12.26 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. By continuing to use this site you consent to our use of cookies. LyondellBasell Industries N.V. was the largest player in the polypropylene market in 2019. Between these, the block copolymer is majorly demanded, owing to high toughness and less brittleness than random copolymer, which is further driving the polypropylene market. All these attributes make it largely used for orthotic & prosthetic devices, plating & anodizing process equipment, plenums & manifolds, pump components, secondary containment, storage tanks, valve bodies, metal finishing, chemical processing & storage, medical devices, and washers. This is a very good piece of work and will be very helpful to us going forward. The major producers in the market have established diversified geographical presence and strong product offerings. PP has a wide range of properties such as superior working temperature, tensile strength, high chemical resistance, and low moisture absorption which will drive its demand for various applications. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. It is also cost-efficient for the packaging of other products such as surgical equipment, drugs, auto components, and cosmetics. Global Polypropylène Marché Tendances, acteurs clés, stratégies concurrentielles et prévisions jusqu’en 2029. The demand is further expected to grow at a CAGR of 4.4% between 2021-2026 to reach a volume of almost 97.2 million metric tons by 2026. Additionally, it is an economical alternative to expensive plastics with similar durability and strength. LONDON-- (BUSINESS WIRE)--The polypropylene nonwoven fabric market is poised to grow by USD 12.26 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. All rights reserved. This report categorizes the market based on manufacturers, regions, type and application. In addition, the granules of polypropylene have high thermal conductivity, which makes raffia heat up and cool down faster. Polypropylene Market Size and Analysis Global polypropylene demand reached 76 million metric tons in 2019, on the back of stable demand from end-use industries. 2020 to 2027. Market Players Focus on Enhancing Product Portfolios to Strengthen their Positions. Which is the leading segment in the market? However, the growth of the polypropene market in North America region is anticipated to grow at a relatively lower CAGR due to the stabilizing markets as compared to the growth in Asia Pacific. The rising demand for PP from various industries, including packaging and automotive will drive the growth of the market. Additionally, it enhances the transparency and appearance of the packaging material for clear visibility of products. At what CAGR is the market projected to grow in the forecast period (2020-2027)? It is recommended for up to five users. Global Polypropylene Pipes Market Overview The Global Polypropylene Pipes Market is growing at a faster pace with substantial growth rates over the la... sales@marketresearchintellect.com (UK): +44-203- … Ceresana analyzed the global market for polypropylene already for the fifth time. Table of Content. How much is the polypropylene market worth? However, the demand for products from the healthcare and food packaging industries is showcasing a surge due to the rising preference of single-use healthcare products and packaged food and beverages. The rising demand for lightweight & efficient plastic products, as well as the growing automotive, packaging, and healthcare & pharmaceutical industries are the significant market trends. The report will be delivered in PDF format along with printing rights and detailed Excel sheet. To know how our report can help streamline your business, Speak to Analyst, Packaging Segment to Exhibit a Significant CAGR during the Forecast Period. Polypropylene is the most frequently used plastic in the manufacturing of automobiles. This press release features … By continuing to visit this site you agree to our use of cookies . The copolymer is among the most versatile thermoplastic polymers, having applications in packaging, injection molding, thermoforming, blow molding, and others. This was owing to rising demand for polypropylene staple fibers in end-use applications, including needle punch durables that are consumed by geotextile, vehicle components, coating substrate, indoor & outdoor carpeting, blankets, upholstered furnishing, and bedding. Registering a CAGR of 5.0%, the market will exhibit steady growth in the forecast period (2020-2027). China, Japan, and India are key countries contributing to the market growth in the region owing to its increasing applications in the food & beverages, packaging, and automobile production in these countries. To gain extensive insights into the market, Request for Customization. Besides, the material is used for the manufacturing of the interior and exterior parts of automobiles including safety subsystems, doors, and seat assemblies. Which region is expected to hold the highest share in the market? On the other hand, the copolymer product category is further subcategorized into random and block. Polypropylene (PP) is a thermoplastic polymer made of the propylene monomer combination. © 2021 Prescient & Strategic Intelligence Private Limited. High impact resistance, optimum thermal resistance, good optical, and flexibility properties would enhance the use of copolymer in food containers, auto-components, and vessels. Global Polypropylene Market Insights, Forecast to 2026. Asia Pacific Polypropylene Market Size, 2019 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. The global polypropylene market size was $122.7 billion in 2019, and is projected to witness a CAGR of 5.7% during the forecast period (2020–2030). The demand for polypropylene from the healthcare & pharmaceutical industry for surgical equipment and other products has increased due to its non-corrosive nature and chemical resistance that further would enhance the shelf life of drugs. The increasing demand for agricultural tools such as drippers, microtubes, and nozzles will propel growth. China held the largest revenue share in this regional market, owing to large population, urbanization, and technological advancements, which drives the plastics industry. Published On :04 Jan 2021 Report Code :GRS6012666 Category : Chemicals and Materials The negative impact of COVID-19 on the polypropylene market has been weak because of the rising demand for PP gloves, N95 masks, and plungers. This is owing to high rigidity when compared with copolymer; high tolerance to extreme temperature and chemical exposure; good weldability; high performance in thermoforming; approval from the U.S. Department of Agriculture (USDA), Food and Drug Administration (FDA), National Science Foundation (NSF); and 3-A Diary compliant in the natural color attributes. Growth in the medical and electrical & electronics manufacturing industries is a key driver for the market in the region. This can be due to the rising usage of polypropylene in packaging, consumer & institutional, transportation, furniture & furnishings, building & construction, machinery, and electrical & electronic industries. Technavio’s analysts forecast the global polypropylene market to grow at a CAGR of 5.42% during the period 2017-2021. Polypropylene (PP) is a versatile thermoplastic material, compatible with many processing techniques and used in many commercial applications. 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