Polypropylene Market Growth, Trends, Expand CAGR Status, Industry Analysis, Forecast till 2026

1
Polypropylene Market Size, Share Industry
Analysis, By Type (Homopolymer, Copolymer), By
End User (Packaging, Automotive, Infrastructure
Construction, Consumer Goods/Lifestyle,
Healthcare Pharmaceuticals, Electrical
Electronics, Agriculture, Others), and Regional
Forecast, 2019-2026
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Published Date April 2019 Report Format PDF
Region Global Base Year 2018
2
Polypropylene Market Size, Share Industry
Analysis, By Type (Homopolymer, Copolymer), By
End User (Packaging, Automotive, Infrastructure
Construction, Consumer Goods/Lifestyle,
Healthcare Pharmaceuticals, Electrical
Electronics, Agriculture, Others), and Regional
Forecast, 2019-2026
Report Highlights The global polypropylene
market is poised to attain a market value of USD
122.31 billion by 2026, registering a CAGR of
5.5 during the forecast period. One of the key
drivers of the global polypropylene market growth
is the rising demand for the polymer in the
automotive industry. Polypropylene is widely used
in automobile manufacturing owing to its moldable
properties and low costs. Within this industry,
this polymer is primarily used in fender lines,
battery trays and cases, instrumental panels, and
interior and door trims. Additionally,
polypropylene offers a variety of other benefits,
such as high chemical resistance and excellent
impact balance, that make it a highly valuable
material in the automotive industry. According
to the Fortune Business Insights report, titled
Polypropylene Market Size, Share Industry
Analysis, By Type (Homopolymer, Copolymer), By
End User (Packaging, Automotive, Infrastructure
Construction, Consumer Goods/Lifestyle,
Healthcare Pharmaceuticals, Electrical
Electronics, Agriculture, Others), and Regional
Forecast, 2019-2026, the global polypropylene
market value in 2018 was USD 79.85 billion. The
report also contains an in-depth analysis and
evaluation of the factors, trends, and dynamics
that will influence the market during the
forecast period.
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Polypropylene Market Size, Share Industry
Analysis, By Type (Homopolymer, Copolymer), By
End User (Packaging, Automotive, Infrastructure
Construction, Consumer Goods/Lifestyle,
Healthcare Pharmaceuticals, Electrical
Electronics, Agriculture, Others), and Regional
Forecast, 2019-2026
Extensive Applicability in the Packaging Industry
to Favor Market Growth Rapidly developing
packaging industry on account of growing
e-commerce activities is raising the demand for
polypropylene and is turning out to be one of the
major factors leading the expansion of the global
polypropylene market size. The wide usage of
polypropylene in packaging is attributable to the
polymers exceptional welding qualities and
chemical resistance properties as well as other
structural and molecular advantages. For example,
in food packaging, PP is a preferred option owing
to its low moisture and water vapor transmission
and high optical clarity. Escalating Demand for
PP in Healthcare to Bolster the
Market Polypropylene is used in a wide range of
procedures in the medical field owing to the high
bacterial and chemical resistance of the polymer.
The most commonly seen application of PP in
hospitals is disposable syringes. Other
application areas include petri dishes, food
trays and pans, medical vials, intravenous
bottles, and many more. Persistently high demand
for PP in healthcare will be one of the critical
drivers of the global polypropylene market
revenue in the forecast period. Browse Complete
Report Details https//www.fortunebusinessinsight
s.com/industry-reports/polypropylene-pp-market-101
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Polypropylene Market Size, Share Industry
Analysis, By Type (Homopolymer, Copolymer), By
End User (Packaging, Automotive, Infrastructure
Construction, Consumer Goods/Lifestyle,
Healthcare Pharmaceuticals, Electrical
Electronics, Agriculture, Others), and Regional
Forecast, 2019-2026
Expansion of Operations to Intensify Competition
Key players are adopting different strategies,
such as operational expansion and development of
novel products, to reinforce their position in
the global polypropylene market. For example, in
September 2019, LyondellBasell upgraded their
polypropylene compounding plant in Germany by
installing a fifth production line at the site.
Commitment to sustainable development goals by
private companies is giving rise to innovations
in terms of recycling of plastic. Top Players
Mentioned Some of the players operating in the
global breast cancer therapeutics market are
Formosa Plastics Group China National
Petroleum Corporation INEOS LyondellBasell
Reliance Industries Limited ExxonMobil
Chemical SABIC Dupont
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Polypropylene Market Size, Share Industry
Analysis, By Type (Homopolymer, Copolymer), By
End User (Packaging, Automotive, Infrastructure
Construction, Consumer Goods/Lifestyle,
Healthcare Pharmaceuticals, Electrical
Electronics, Agriculture, Others), and Regional
Forecast, 2019-2026
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