|09-12-2018 07:47 AM CET - Industry, Real Estate & Construction||
Polypropylene Market Likely to Reach at US$ 99.17 Billion by 2022, at CAGR 5.6 % Globally
Press release from: ReportsnReports
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The polypropylene market size is estimated at USD 75.40 billion in 2017 and projected to reach USD 99.17 billion by 2022, at a CAGR of 5.6% between 2017 and 2022.Polypropylene is a thermoplastic polymer which is used in a variety of applications and is produced by the combination of the propylene monomer with catalysts. It is majorly used in the packaging industry for consumer products, food containers, cosmetic products, beverages, and others. Polypropylene is also used in the automotive industry for the manufacture of plastic parts, car bumpers, dashboards, and others. There is a growing demand for polypropylene from applications, such as injection molding, fiber and raffia, film and sheet, blow molding, and others.
Key Target Audience:
• Polypropylene Manufacturing Companies
• Traders, Distributors, and Retailers
• End Users
• Raw Material Suppliers
• Commercial R&D Institutes
• Research Institutes, Trade Associations, and Government Agencies
Polypropylene Market On the basis of Type:
Homopolymers are the most-widely used polypropylene type and are also known as Polypropylene Homopolymers (PPH). Homopolymers provide high strength to weight ratio and are stiffer than copolymers.
Polypropylene Market On the basis of Application:
• Injection Molding
• Fiber & Raffia
• Film & Sheet
• Blow Molding
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Injection molding application is projected to account for the major share of the overall polypropylene market in terms of volume during the forecast period. This is associated with the large demand for polypropylene for the manufacture of molded plastic products due to the features of polypropylene, such as low density, excellent moisture resistance, high impact strength, and chemical resistance.
Polypropylene Market On the basis of End-use Industry:
• Building & Construction
• Electrical & Electronics
The medical industry is projected to be the fastest-growing consumer of polypropylene, as it has a good mixture of heat resistance and structural properties of polycarbonate, impact resistance of polyester, radiation resistance of polystyrene or Polyethylene (PE), and flexibility or soft feel of flexible polyvinyl chloride. It also has excellent chemical resistance.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.
The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 50%, Tier 2 – 37%, and Tier 3 – 13%
• By Designation - Director Level – 31%, C level – 23%, and Others* – 46%
• By Region - North America – 17%, Europe – 32%,AsiaPacific– 31%, South America –13%, Middle East & Africa – 7%
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