Global Polypropylene Market Outlook 2025: Top Companies, Trends and Future Prospects Details for Business Development
According to a new report published by Reports Monitor titled, “Global Polypropylene Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Polypropylene market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Polypropylene falls under the category of thermo-polymer, used in wide variety of applications such as automotive, healthcare and consumer goods. The features possessed by the plastic are it can be molded, resistance to acids and bases. The high material strength possessed by it increases its demand in the automobile sector.
Increased preference of polypropylene over the metal in various sectors mainly due to the features supporting the production improvement and cost savings result as the significant factor in expanding the market. However the increased government policies and regulation due to the growing concern over the environmental impact by the plastics can result in hindering the market growth.
The Global Polypropylene Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
Among the regions analyzed for the polypropylene market, the estimates depict that Asia Pacific is expected to dominate the market majorly due to the enormous production and consumption in the developing economies of China and India. Increased adoption of polypropylene in the countries such as France and Germany has led Europe to emerge as a fastest growing player.
Polypropylene market is majorly segmented on the basis of types, applications and end-use. Depending upon the type the market is bifurcated into homopolymer, random copolymer and block copolymer, while based on the applications the market is segmented into injection molding, film and sheet, blow molding and others. Based on the end-use the market is segmented into automotive, medical, building and construction and packaging and others.
The major companies profiled in the report include Lyondellbasell Industries Holdings B.V., SABIC, Exxon Mobil, Dupont, INEOS, Total S.A, Formosa Plastics Group (FPG), China Petrochemical Corporation, LG Chem, and Sumitomo Chemical.
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