This is because it enables easy processability, effective sealing, and provides stiffness. Remarkable job and great efforts by your research team. 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. All Rights Reserved. All rights reserved. We value them as a research company worthy of building long-term relationships.”, “Well done Fortune Business Insights! The region is also projected to grow fastest in coming years. These players are responsible for fulfilling the in-house demand for polypropylene products. Rising Demand for Polypropylene from Various End-Use Industries to Fuel Growth. Among the major producers, LyondellBasell is leading because of its technological development and a wide range of product offerings. SABIC and LyondellBasell are the key players in the market. ET Request a Free sample to learn more about this report. of pages : 120. We use cookies to enhance your experience. Global Polypropylene (PP) Market Analysis and Forecast by Region 8.1. Global Polypropylene Market Report Examines Top Company Analysis Forecast by 2029. The increasing demand for agricultural tools such as drippers, microtubes, and nozzles will propel growth. Which will be the largest end user category in the polypropylene market in 2030? 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. Global polypropylene market is segmented into two notable segments on the basis of type and application. Source: MRFR analysis. Furthermore, brand owners and retailers are also responding to consumer demand for more sustainable packaging material, which is produced by polypropylene resin due to high tensile strength. Which region is expected to hold the highest share in the market? North America is anticipated to remain a key region holding a significant portion of the global polypropylene market share during the forecast period. Technavio’s analysts forecast the global polypropylene market to grow at a CAGR of 5.42% during the period 2017-2021. It looks quite comprehensive and the data is exactly what I was looking for. Polypropylene also referred as polypropene, is a rigid thermoplastic polymer w ith semi crystalline structure, which has gained massive popularity in last decade. These plastic materials give stiff competition to polypropylene. By continuing to visit this site you agree to our use of cookies . Polypropylene Market Overview. Request a free Sample. of pages : 114. Polypropylene (PP) is the second most important standard plastic after polyethylene, compatible with many processing technologies, and used for the most diverse applications ranging from packaging to household appliances, clothes, and vehicles. The report will be delivered in PDF format along with printing rights and detailed Excel sheet. According to the Plastic Trade Association, in 2019, amongst the different types of plastics used in the manufacturing of automotive, PP accounts for the highest share of 32%. In 2030, the polypropylene market will be led by the packaging industry, based on end user. Business Wire • November 15, 2020. The key manufacturing companies, processors, and compounders in the region are continually involved in the development of products for automobile manufacturers. The above-mentioned reasons are responsible for the increasing demand for the product from the automotive industry. 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. 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. Basis Point Share (BPS) Analysis by Region 8.2.2. Y-o-Y Growth Projections by Region 8.3. 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. LyondellBasell Industries N.V. was the largest player in the polypropylene market in 2019. Owing to these properties, the market is set to show a high potential in the agricultural segment in the coming years. 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%. Who are the key players and what are their strategies to increase their presence? A growing trend is observed in the penetration of the polypropylene market across the industries. The Global Polypropylene Market is estimated to reach USD 112.3 Billion by 2025 at a CAGR of 6.1 %, predicts forencis research (FSR). The packaging category is expected to hold largest revenue share in the end use segment during the forecast period. According to an article published in International Fiber Journal, the worldwide consumption of nonwoven roll goods was 14.9 million tons in 2018. The raffia category, based on application, is projected to witness the fastest growth in the polypropylene market, during the forecast period. Owing to low cost with excellent mechanical properties and moldability, this plastic material is widely used to reduce vehicle weight and enhance fuel economy. This press release features … This is majorly attributed to the increasing use of polypropylene compounds in food packaging, sweet & snack wrappers, hinged caps, microwave containers, pipes, automotive parts, and bank notes. Global Polypropylene (PP) Yarns market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. The report was very accurate and as per my requirements. The copolymer is among the most versatile thermoplastic polymers, having applications in packaging, injection molding, thermoforming, blow molding, and others. Global polypropylene cables market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 8.7% during the forecast period. It is also used in the production of different types of automobile parts such as dashboards and bumpers. Polypropylene Market: Summary. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Besides, the material is used for the manufacturing of the interior and exterior parts of automobiles including safety subsystems, doors, and seat assemblies. Polypropylene (PP) is a thermoplastic polymer made of the propylene monomer combination. Global Polypropylene Market Insights, Forecast to 2026. The global polypropylene market demand reached a volume of almost 75.1 million metric tons in 2020. Global Polypropylene Nonwoven Fabric Market- Featuring Ahlstrom-Munksjo Oyj, Asahi Kasei Corporation, and Berry Global Group Inc. Fortune Business Insights says that the market stood at USD 78.22 billion in 2019 and is projected to reach USD 105.49 billion by 2027. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. Moreover, ExxonMobil Chemical and SABIC have strong regional presence and have adopted strategies such as expansion & joint ventures to increase their market share. Hence, the rising demand for rigid sustainable packaging is driving the polypropylene market globally. The supply of polypropylene has been affected due to the COVID-19 pandemic. By continuing to use this site you consent to our use of cookies. Global Polypropylene Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024. Asia Pacific Polypropylene Market Size, 2019 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. The increasing demand for the packaging of food & beverages and the manufacturing of automobiles would contribute to the growth of the PP consumption in the region. The global polypropylene market size stood at USD 78.22 billion in 2019 and is projected to reach USD 105.49 billion by 2027, exhibiting a CAGR of 5.0% during the forecast period. For business enquiries - enquiry@psmarketresearch.com, For career enquiries - hr@psmarketresearch.com, Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Company Share Analysis, Companies’ Strategical Developments, Product Benchmarking, Company Profiling, By Type; By Application; By End Use; By Geography, U.S., Canada, Germany, Italy, France, U.K., Spain, Poland, Belgium & Luxembourg, Netherlands, Russia, China, India, Korea, Japan, Thailand, Mexico, Brazil, Argentina, Saudi Arabia, U.A.E., Turkey, Iran, Africa, Secondary Sources and References (Partial List), All India Plastic Manufacturers Association, American Chemistry Council, Association for Packaging and Processing, Association of Plastic Recyclers, Chemicals & Petrochemicals Manufacturer’s Association, Food and Drug Administration, Germany Trade & Invest, Independent Packaging Association. 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. Press Release Global Polypropylene Market 2020 Industry Analysis, Type and Application, Key Players, Regions, Forecast by 2025 Published: Sept. 16, 2020 at 6:10 p.m. It is … Market Trends 8.2. 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. Ceresana analyzed the global market for polypropylene already for the fifth time. Global Polypropylene Market share by application . Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. Table of Content. Fluctuating Crude Oil Prices and Availability of Substitutes to Hinder Growth. The packaging segment is expected to be the leading segment in the market. It is recommended for a single user. Key players in the market are trying to expand their presence in the region owing to huge opportunities from the growing automotive and construction industries. This market is growing rapidly owing to the rising demand from the packaging industry, This high demand is associated with the increasing consumption of packaged food and beverages. PP possesses high rigidity property that has increased its use in industrial applications, mainly for the packaging of electrical spares and parts. The report is an essential resource for a one looking for detailed information on the world polypropylene market. How much is the polypropylene market worth? As per the research report, the worldwide market for Polypropylene is estimated to expand at a CAGR of xx % during the period from 2019 to 2026. It is recommended for organizations where multiple people would like to access the report from multiple locations. 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. 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. PP has a moisture barrier property that increases its ability to provide effective packaging solutions for the food & beverage industry. 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. It has resulted in the decreasing demand from industries such as automotive and building & construction. At what CAGR is the market projected to grow in the forecast period (2020-2027)? Raffias have lower carbon footprint, when compared with virgin polymer; hence, the end products are eco-friendly and sustainable. SKU ID : Maia-14238376 | Publishing Date : 21-May-2019 | No. In August 2018, Sinopec petrochemical announced the restart of its polypropylene (PP) business segment in Guangdong China. Prescient & Strategic Intelligence Private Limited (also known as P&S Intelligence) was born out of the idea of helping businesses achieve breakthroughs through intelligent decision making, underpinned by a thorough understanding of industry dynamics. Various key insights presented in the report are the price trend analysis, recent industry developments, expansions, mergers & acquisitions, new product developments, joint ventures in the global market, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key polypropylene market trends, competitive landscape, and company profiles. Market Outlook. The report will be delivered in PDF format without printing rights. Latin America 8.3.3. 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. This has resulted in cutting back the operations and production of various products especially plastics, such as polypropylene. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. Global Polypropylene Tube Market Report 2020 - Market Size, Share, Price, Trend and Forecast. Which end-use industries are expected to drive the adoption of PP? Copolymer Segment to Generate Highest Revenue Owing to Usage in Pharmaceutical Industry. Polypropylene Catalyst Market - Global Polypropylene Catalyst Demand, Industry, Analysis, Size, Growth, Estimates, Forecasts Covered in this report The report covers the present scenario and the growth prospects of the global polypropylene market for 2017-2021. Further, among all types of plastics, polypropylene held the largest share, of 19.3%, due to wide applications in food packaging, sweet & snack wrappers, hinged caps, microwave containers, pipes, automotive parts, and bank notes. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Polypropylene (PP) Yarns. "Innovative Market Solutions to Help Businesses Make Informed Decisions", Region : Global | Format: PDF | Report ID: FBI101583. The polypropylene market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Being a rugged polymer, polypropylene is resistant to many chemical solvents and is considered safe for several packaging containers, such as injection molded pots, thermoformed pots, and thermoformed trays. Polypropylene is the most frequently used plastic in the manufacturing of automobiles. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. 2020 to 2027. In recent years, players in the industry have launched a number of new and advanced products, in order to stay ahead of their competitors. Asia Pacific 8.3.5. 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. The report covered all the points and was very detailed. Similarly, the automotive segment is expected to surge the sales of the material in the forecast period due to the increased production capacity of automobiles. The report will be delivered in PDF format along with the printing rights. With the significantly growing demand for thermoplastic materials in construction and buildings, medical, and automobile sectors, the market is further expected to grow in this region. We use cookies to enhance your experience. The rising demand for lightweight and efficient plastic from the packaging and automotive industries is boosting the growth of the market. The report covers data on global, regional and national markets including present and future trends for … Polypropylene also referred as polypropene, is a rigid thermoplastic polymer with semi crystalline structure, which has gained massive popularity in last decade. Which was the largest company in the polypropylene market in 2019? Global Polypropylene Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024. Polypropylene is obtained by the polymerization of propylene gas, which is derived from petroleum crude oil. High impact resistance, optimum thermal resistance, good optical, and flexibility properties would enhance the use of copolymer in food containers, auto-components, and vessels. This is majorly attributed to the increasing use of polypropylene compounds in food packaging, sweet & snack wrappers, hinged caps, microwave containers, pipes, automotive parts, and bank notes. Introduction 8.2.1. This can be attributed to the growing demand for industrial packaging material made from weaving ribbons such as cement sacks, owing to high tenacity and elongation. 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. China held the largest revenue share in this regional market, owing to large population, urbanization, and technological advancements, which drives the plastics industry. The copolymer has various applications, which include the production of injection molds and medicine bottles in the pharmaceutical industry. Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Prudour Pvt. Additionally, it is an economical alternative to expensive plastics with similar durability and strength. Latin America and the Middle East & Africa would exhibit gradual growth in the market, as compared to the other regions due to the increasing infrastructure & construction, as well as rising consumer goods/lifestyle preferences of consumers. The "Polypropylene (PP): 2020 World Market Outlook and Forecast up to 2029 (with COVID-19 Impact Estimation)" report has been added to ResearchAndMarkets.com's offering.. What factors are driving the polypropylene industry growth in APAC? For instance: The polypropylene market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030. COVID-19: Declining Demand from Building & Construction Industry to Hamper Growth. We know where we will be getting business intelligence from in the future.”, “Thank you for sending the market report and data. As per the global outlook, the polypropylene market is consolidated in nature with presence LyondellBasell Industries N.V., China Petroleum & Chemical Corporation, PetroChina Company Limited, Braskem S.A., Borealis AG/Borouge, SABIC, Exxon Mobil Corporation, and Reliance Industries Limited. There are several plastic materials other than polypropylene, such as polystyrene (PS), polyethylene terephthalate (PET), polyurethane (PUR), polyvinyl chloride (PVC), and polyethylene (PE). Polypropylene (PP) is a versatile thermoplastic material, compatible with many processing techniques and used in many commercial applications. Polypropene is also used for the manufacturing of toys, fashion apparel, sports equipment, and others as it is easily moldable and provides high durability and flexibility. 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). 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 … On the basis of type, the market is segmented into homopolymers and copolymers. On the other hand, Europe is projected to showcase significant growth in the market. What is the key factor driving the market? This report researches the worldwide Polypropylene (PP) Yarns market size (value, capacity, … This report focuses on the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. Global Polypropylene Consumption Market Overview. LONDON-- (BUSINESS WIRE)--The Polypropylene Market is poised to experience spend growth of more than $ 34 billion between 2020-2024 at a CAGR of over 5.19%. In addition to this, the easy availability of raw materials will increase the polypropylene production in the Middle East & Africa. Global Polypropylene Market Research Report 2019 Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. The packaging industry along with electrical & equipment manufacturing will remain the key end users accounting for 30% and 13% of polypropylene consumption respectively. Growth in the medical and electrical & electronics manufacturing industries is a key driver for the market in the region. Asia P… Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. Inquiry Before Buying. The easy availability of PP and its properties such as resistance to staining, high durability, and flexibility will support the manufacturing of lightweight vehicles, thereby reducing the vehicle’s cost & making it energy efficient. The research report, titled “Global Polypropylene Market 2019–2026,” provides a complete and unbiased overview of this market, focusing especially on the key trends, growth drivers, restraints, challenges, opportunities, and prospects. Middle East and Africa (MEA) 8.4. Hence, all these applications drive the polypropylene market. Global Polypropylene Market Report 2019, Competitive Landscape, Trends and Opportunities. 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. The rising demand for PP from various industries, including packaging and automotive will drive the growth of the market. As per PlasticsEurope, global plastics production was 359 million tons in 2018, owing to rising demand for plastics in packaging and building & construction industries. This, in turn, boosts the growth of the polypropylene market, owing to high moldability and extrusion attributes of polypropylene. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . Additionally, the optical clarity, transparency, and electrical non-conductivity properties of PP will increase its use in the packaging of electrical & electronic products. Polypropylene (PP) Market Size and Volume Forecast by Region 8.3.1. Furthermore, polypropylene’s high heat resistance, high clarity, aesthetics, recyclability, and other features drive its adoption among consumers in their every-daily life. In 2019, on the basis of product type, the homopolymer category accounted for larger share in the polypropylene market. Polypropylene market is … Published On :04 Jan 2021 Report Code :GRS6012666 Category : Chemicals and Materials Asia Pacific is expected to hold the highest share in the market. Owing to its properties such as resistance to impact, heat, and moisture, PP finds application in bumpers, gas cans, and seat panels. The Polypropylene market has witnessed growth from USD XX million to USD … Which is the leading segment in the market? The key drivers for the polypropylene industry advance in APAC are its high industrial output and presence of key players. 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. The data offered to us was exactly what we were looking for. Press release - Zion Market Research - Global Polypropylene Catalyst Market Industry Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions 2026 - … The inconsistencies in the pricing of crude oil affect the cost structure of the final product, which has a negative effect on the growth of the market. The polypropylene is manufactured by polymerization process from the … The Global Polypropylene Market is estimated to reach USD 112.3 Billion by 2025 at a CAGR of 6.1 %, predicts forencis research (FSR).. In the current global scenario, PP is majorly used in the injection molding application as it can be easily melted and molded in any shape and size without disturbing the original qualities. This report categorizes the market based on manufacturers, regions, type and application. Additionally, the prices of crude oil fell significantly due to the collapse of demand. The rising demand for lightweight & efficient plastic products, as well as the growing automotive, packaging, and healthcare & pharmaceutical industries are the significant market trends. 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. Request Sample. The growth in the medical and electrical & electronics manufacturing industries is a key market driver in the region. COVID-19 pandemic has severely affected many markets globally, particularly in China, the U.S., Italy, Spain, Germany, the U.K., and other western European nations. Why has COVID-19 not affected the polypropylene industry much? I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”, “Please pass on our sincere thanks to the whole team at Fortune Business Insights. As joint ventures and mergers & acquisitions to increase its demand across end-use... Mainly for the polypropylene market in 2019 building long-term relationships. ”, “ well Fortune! ; Description ; TOC ; Tables & Figures ; Companies ; Request Customization ; Check ;. Remarkable job and great efforts by your research reports plastic in the future ” “. Industries that would drive the adoption of PP multiple people would like to access the report covered the... Drive this market growth in the region is expected to exhibit a high growth due to globally... Its technological development and a wide range of product type, the end use segment during the forecast period 2020-2027! 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