Global Polypropylene Markets, 2019-2020 & 2030 - Increasing Use in Packaging Industry & Growing Nonwoven Polypropylene Fiber Industry

DUBLIN, Jan. 22, 2021 /PRNewswire/ -- The "Polypropylene Market Research Report: By Type, Application, End Use - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The major factor driving the demand for polypropylene (PP) is the rising usage of the chemical in the packaging sector and nonwoven fibers.

As a result, from $122.7 billion in 2019, the polypropylene market is projected to grow to $226.8 billion by 2030, witnessing a 5.7% CAGR during 2020-2030 (forecast period). One of the most commonly used plastics, PP is made up of multiple monomers of propylene. It is a crystalline and rigid linear resin obtained from hydrocarbons.

Copolymer and homopolymer are the bifurcations under the type segment of the industry. Of these, the homopolymer bifurcation held the larger share in the polypropylene market during the historical period (2014-2019), on account of the higher rigidity of homopolymers than copolymers, which makes the former more popular. This product easily tolerates chemical exposure and extreme temperatures, is easily weldable, and offers appreciable thermoforming performance. Moreover, it has been approved for a number of applications by the Food and Drug Administration (FDA), U. S. Department of Agriculture (USDA), and National Science Foundation (NSF).

The polypropylene market is divided into blow molding, film & sheet, injection molding, fiber, raffia, and others, on the basis of application. In 2019, the industry was dominated by the injection molding category, due to PP's extremely low mass density, which allows it to be cast into any shape and size via the injection molding process.

Additionally, the good mold in or "living hinge" capabilities, moisture resistance, impact strength, chemical resistance, and cost-effectiveness of the plastic make it popular for marine and automotive parts, household goods, and recreational vehicle (RV) products.

The largest region in the polypropylene market is Asia-Pacific (APAC), and it is also expected to witness the highest CAGR during the forecast period, as a result of the advancements in rigid and flexible packaging materials and increase in the number of PP production plants in the region.

PetroChina Company Limited, Reliance Industries Limited, and China Petroleum & Chemical Corporation are some of the largest PP manufacturers in the region, and they also supply the material to other countries.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Type

4.1.1.1 Homopolymer

4.1.1.2 Copolymer

4.1.1.2.1 Random

4.1.1.2.2 Block

4.1.2 By Application

4.1.2.1 Injection Molding

4.1.2.2 Film & Sheet

4.1.2.3 Raffia

4.1.2.4 Fiber

4.1.2.5 Blow molding

4.1.2.6 Others

4.1.3 By End Use

4.1.3.1 Packaging

4.1.3.2 Electrical

4.1.3.3 Medical

4.1.3.4 Consumer goods

4.1.3.5 Automotive

4.1.3.6 Construction

4.1.3.7 Others

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Drivers

4.3.1.1 Increasing use of polypropylene in packaging industry

4.3.1.2 Growing nonwoven polypropylene fiber industry

4.3.1.3 Impact analysis of drivers on market forecast

4.3.2 Restraints

4.3.2.1 Availability of other substitutes

4.3.2.2 Impact analysis of restraints on market forecast

4.3.3 Opportunities

4.3.3.1 Growing usage of polypropylene compound

4.4 Impact of Covid-19 on Global Polypropylene Market

Chapter 5. Global Market Size and Forecast

5.1 By Type

5.1.1 Copolymer Polypropylene, by Type

5.2 By Application

5.3 By End Use

5.4 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Type

6.1.1 Copolymer Polypropylene, by Type

6.2 By Application

6.3 By End Use

6.4 By Country

Chapter 7. Europe Market Size and Forecast

7.1 By Type

7.1.1 Copolymer Polypropylene, by Type

7.2 By Application

7.3 By End Use

7.4 By Country

Chapter 8. APAC Market Size and Forecast

8.1 By Type

8.1.1 Copolymer Polypropylene, by Type

8.2 By Application

8.3 By End Use

8.4 By Country

Chapter 9. LATAM Market Size and Forecast

9.1 By Type

9.1.1 Copolymer Polypropylene, by Type

9.2 By Application

9.3 By End Use

9.4 By Country

Chapter 10. MEA Market Size and Forecast

10.1 By Type

10.1.1 Copolymer Polypropylene, by Type

10.2 By Application

10.3 By End Use

10.4 By Country

Chapter 11. Competitive Landscape

11.1 Market Share Analysis of Key Players

11.2 Strategic Developments of Key Players

11.2.1 Merger & Acquisition

11.2.2 Partnership, Collaboration, and Joint Venture

11.2.3 Product Launch

11.2.4 Facility Expansion/ Geographical Expansion

11.2.5 Client Win

11.2.6 Others

11.3 List of Players and Their Offerings

11.4 List of Other Players

Chapter 12. Company Profiles

12.1 Business Overview

12.2 Product and Service Offerings

12.3 Key Financial Summary

• LyondellBasell Industries B.V.
• Sinopec Group
• SABIC
• PetroChina Company Limited
• Braskem S.A.
• Reliance Industries Limited
• Total S.A.
• Exxon Mobil Corporation
• Formosa Plastic Corporation
• Borealis AG
• INEOS Group Holdings S.A.

For more information about this report visit https://www.researchandmarkets.com/r/ilsg2b

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