The Global Polypropylene Market is anticipated to grow at a CAGR of 5.8% from 2018 to 2026. The primary factor influencing the market growth is the widening scope of application of polypropylene in construction, automobiles, packaging, and consumer goods. Furthermore, the growing demand for eco-friendly materials such as bio-based polypropylene is also contributing to the polypropylene market growth. Polypropylene is utilized in the production of a large variety of products, which are used for different purposes in various industries. These product ranges from food, textiles, tubing, furniture, cosmetics, industrial, medicines, and household purposes. Polypropylene is highly transparent, lightweight, versatile, and is capable of being recycled. It is highly compatible with a majority of processing techniques and is much clearer than any other polyolefins. Thus, making it the most preferred choice of material for the production of plastic containers. Moreover, its lightweight makes it suitable for the production of lightweight products as well as applications.
Polypropylene can be easily copolymerized with other polymers such as polyethylene. Through copolymerization, significant changes are made to the properties of the material. Moreover, Polypropylene exhibits some significant properties such as high chemical resistance, elasticity, strength, fatigue resistance, transmissivity, and insulation. Thus, allowing large engineering applications, including toys, dishwasher, cups, safe plates, containers, and trays, among others. Polypropylene finds high application for both household and industrial purposes, primarily due to its unique capabilities and properties such as high chemical resistance, elasticity, strength, fatigue resistance, transmissivity, and insulation. It is capable of being utilized as a plastic as well as fiber. Moreover, it can be manufactured via a number of processes such as Computer Numerical Control (CNC), thermoforming, crimping, and injection molding, among others.
全球聚丙烯市场基于申请,地区和类型进行分割。类型链段进一步分段为均聚物和共聚物。其中,均聚物分部收购了最大的市场份额。虽然,由于其独特的性质和透明度,因此预计共聚物部分会经历最高的增长。这些性质预计将积极影响其在各个行业的需求和应用。乐动体育网址多少
基于应用,该行业已分叉进入汽车,消费品,建筑,电气,包装等。包装分部收购了其他应用中最大的市场份额。预计该部分将在未来八年内保留其优势。此类优势的主要原因是可用于生产优质塑料产品和包装高端产品的低成本,多功能和环保材料的需求迅速增长。
Based on regions, the polypropylene market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America acquired the highest market share in 2016 and is expected to lose its market share to Asia Pacific’s rapidly growing demand.
The Asia Pacific is projected to emerge as the rapidly expanding regional market, primarily due to the presence of manufacturing hubs in emerging nation such as China, Thailand, and India, among others. These, are increasingly contributing to high consumption and production demand. Moreover, Europe regional polypropylene market is projected to witness an increase in demand in the coming next eight years.
Some of the leading industry participants currently operating in the polypropylene market include LyondellBasell, Japan Polypropylene Corporation, BASF AG, SABIC (Saudi Basic Industries Corporation), Braskem, China Petroleum & Chemical Corporation (Sinopec), Borealis AG, Total Refining and Chemicals Business, INEOS Olefins and Polymers Europe, ExxonMobil Chemical, Reliance Industries Limited, and PetroChina Co. Ltd., among others.
The industry is highly fragmented, due to the presence of numerous regional, local and international vendors. Such a large number of players in the market elevates the competition levels, and consequently lowers the supplier’s bargaining power. Moreover, they are actively engaging in strategic initiatives that will help them improve their market position.