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Polypropylene Market to Surpass Valuation of US$ 164 Bn by 2027; Packaging Manufacturers Utilize Versatility of Polymer, Observes TMR

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News provided by

Transparency Market Research

11 May, 2020, 11:30 GMT

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- Automobile, construction, electrical and electronics, and medical industries utilize salient characteristics of polypropylene

- Widespread use in making food containers key to sizable revenues in Asia Pacific for players; research on biobased polypropylene expands horizon

ALBANY, New York, May 11, 2020 /PRNewswire/ -- Current Prospects and Future Outlook: End-use industries, notably including packaging, automobile, construction, electrical and electronics, and medical, are harnessing the beneficial properties of resins in wide range of applications. Incredible opportunities in the polypropylene market emerge from the growing body of research and consistent research and development activities in developing regions. The worth of the polypropylene market was US$ 100 bn in 2018 and is projected to reach US$ 164 bn by the end of 2027. The slew of properties industries harness include remarkable surface hardness, striking tensile strength, and chemical inertness.

Automotive players particularly original equipment manufacturers (OEMs) are increasingly adopting the resin due to it being light weighting along with numerous mechanical properties it offers. The propylene market is expected to garner a CAGR of more than 5.5% from 2019 to 2027. The increasing trend of light-weighting of vehicles will bolster the uptake of this polymers used, notes analysts at TMR.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1664 

Key Takeaways in Polypropylene Market Study

  • Of the various end-use industries, packaging, construction, and automotive are prominent for revenues in polypropylene market
  • Vis-à-vis volume, the packaging segment led the entire pack in 2018
  • Polypropylene is replacing metals for making lightweight motor vehicles; this lends substantially high revenues in automotive industry
  • Regionally Asia Pacific led the global polypropylene market, contributing more than half of the share
  • High demand in major end-use industries keeps Latin America a regional market with above-average growth rate
  • Of all the grades, homopolymers are extensively used in range of applications

Explore 129 of pages of top-notch research, incisive insights, and detailed country-level projections of Polypropylene Market for Packaging, Automotive, Consumer Products, Electrical & Electronics, Construction and Other End-user Industries - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027. Gain business intelligence on Polypropylene Market at https://www.transparencymarketresearch.com/polypropylene-market.html

Polypropylene Market: Key Driving Factors and Avenues

  • Pursuit of packaging companies for high-performance flexible and rigid packaging is one of the key drivers for demand in the propylene market. The resin material is extensively used in packaging of snack foods and dried foods.
  • Both developed and developing countries have witnessed the rising application of polypropylene in making range of automotive. To a great deal, the impetus to the demand in these applications is underpinned by the increasing trend of light-weighting of vehicles to reduce the carbon footprint.
  • Resin manufacturers and producers tap into the extensive potential of various forms of polypropylene in meeting the needs of medical devices makers.
  • Resin manufacturers are harnessing cutting-edge manufacturing technologies to commercialize the production on biobased polypropylene

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/1664 

Polypropylene Market: Region-wise Analysis

Among the various regions, Asia Pacific is expected to be a highly lucrative market. The growth is driven by the considerable use of polypropylene materials in various product packaging applications, especially in ASEAN region. The regional market held 55.0% of the share in 2018. The regional market will gain shares in coming years.

The focus on compliance on environmental regulations in Europe has spurred the prospects of propylene in manufacturing automobile bodies. The trend will also provide momentum to otherwise mature regional market.

Polypropylene Market Players Competitive Landscape

Numerous players in recent years have been leaning in expanding the production facilities. To this end, top players have entered into joint ventures. A few players in the developed markets are focusing on harnessing modern manufacturing technologies in making biobased polypropylene, to meet the next-generation demand in end-use industries in polypropylene market. Some players are also expanding their product portfolio, mainly by spending sizable dollars in research and innovations.

Analyze Polypropylene Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Some of the well-entrenched players in the polypropylene market are Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, Borealis AG, Sinopec, SABIC, Braskem, Total S.A., LyondellBasell Industries N.V., and BASF SE.

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

Africa Creosote Oil Market - The Africa creosote oil market is expected to grow at a moderate CAGR of ~3% during the forecast period. The market growth can be primarily attributed to the application of creosote oil in timber preservation and more, such as latex filling, utility poles, etc.

Liquid Packaging Market - The global demand for Liquid Packaging stood nearly US$ 428.5 Bn in 2018 and is projected to reach over US$ 657.5 Bn by 2027.  Changes in consumer behaviour and a rise in the number of people migrating from rural to urban areas are driving the liquid packaging market.

Underground Mining Market - Underground mining market to reach a valuation of ~US$ 25 bn by 2027. The global underground mining market was valued at ~US$ 21.5 Bn in 2018, and is anticipated to expand at a CAGR of ~2% during the forecast period.

Specialty Fertilizers Market - Global specialty fertilizers market to clock a modest 5.7% CAGR for the forecast period between 2017 and 2025. Proliferating at this rate, the market will be valued at US$14,734.4 Mn by 2025 from US$8,987.3 Mn in 2016.

Naphthenic Base Oil Market - The global naphthenic base oil market is segmented on the basis of viscosity index, application, and region. Under viscosity index, the market consists of five prominent segments viz. 35-60 SUS, 80-130 SUS, 200-300 SUS, 400-800 SUS, and above 1200 SUS. From these, the 35-60 SUS segment is expected to showcase a higher demand owing to low pour point and low temperatures, thus making the product type easier to handle.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr. Rohit Bhisey
Transparency Market Research
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Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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