Polypropylene Market to 2022 – Growing Steady at 5.6% CAGR and Projected to Reach US$ 99.17 Billion

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The polypropylene market size is estimated at US$ 75.40 Billion in 2017 and projected to reach US$ 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.

Top Key Players in the “Polypropylene Market” include are
• eLyondel lBasell (The Netherlands)
• SABIC (Saudi Arabia)
• Exxon Mobil Corporation (US)
• DuPont (US)
• INEOS (Switzerland)
• Total S.A. (France)
• Formosa Plastics Group (Taiwan)
• China Petrochemical Corporation (China)
• LG Chem (South Korea)
• Sumitomo Chemicals (Japan)

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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.

Asia Pacific is projected to be the fastest-growing market for polypropylene during the forecast period, due to rising automotive production in the region. China is projected to be the fastest-growing market for polypropylene in the Asia Pacific, followed by India and South Korea. The automotive sector is developing rapidly in Southeast Asian countries, such as Thailand, Indonesia, and Malaysia.

The Study Objectives of this report are:

• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

• To analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders

• To track and analyze the competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and Research & Developments (R&D) in the global polypropylene market

• To forecast the market size, in terms of volume and value, with respect to five main regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa

• To strategically profile key players and comprehensively analyze their market shares and core competencies

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

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List of Tables
• Trends and Forecast of GDP Growth Rates, 2016–2022
• Automotive Production Statistics of Key Countries in 2016
• Polypropylene Market Size, By Type, 2015–2022 (Million Ton)
• Polypropylene Market Size, By Type, 2015–2022 (USD Billion)
• Polypropylene Market Size, By Application, 2015–2022 (Million Ton)
• Polypropylene Market Size, By Application, 2015–2022 (USD Billion)
• …..and more

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