Press release
Polypropylene Market Segmentation by Applications, Types and Top Players: LyondellBasell (The Netherlands), Braskem (Brazil), SABIC (Saudi Arabia), ExxonMobil Chemical and more…
Polypropylene Market
The notable players in the global polypropylene market are LyondellBasell (The Netherlands), Braskem (Brazil), SABIC (Saudi Arabia), ExxonMobil Chemical (US), Total Refining and Chemicals (France), INEOS Olefins and Polymers (UK), Borealis AG (Austria), China Petroleum & Chemical Corporation (Sinopec) (China), and Reliance Industries Limited (India) among others.The company profiles will include key information about companies that includes company description, base of operations, operational presence, product/business portfolio, employee strength, list of key stakeholders and board of directors, organizational structure, key competitors and their details, financial information such as revenue growth, profit margin, market capitalization, market positioning of key players, share price comparison, SWOT analysis, key developments, business strategies and analyst views. Information for individual companies has been derived through financial reports, paid databases, and company news articles among others.
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With revenue of approximately $7.8 billion in the polypropylene market in 2017, LyondellBasell is one of the leading producer of polypropylene worldwide. The company is the largest producer of polypropylene in North America, with a production capacity of 3.9 billion pounds, including its share in a Mexican joint venture.
Most of the companies are adopting expansion strategies in order to increase their market share and to cater to the increasing demand for polypropylene products across the globe. Braskem, a leading producer of polypropylene worldwide, has started the construction of a polypropylene plant, La Porte Texas. This plant will have a production capacity of 450,000 tons per year and will be the largest polypropylene facility in the US upon its completion. The company will invest approximately $ 675 million for the designing and construction of this plant.
Similarly, Hanwha Total petrochemical will invest approximately $500 million to expand its polypropylene and ethylene production capacity at its Daesan integrated refining and petrochemical complex in South Korea. This investment will increase the polypropylene capacity to about 1.1 million tons annually by the year 2020.
Additionally, the top players in the polypropylene market are also focussing on product innovation and competitive pricing of products.
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Recent Developments in the Market:
LyondellBasell: In Sept, 2017 LyondellBasell started production at its new polypropylene compounding plant in Dalian, China. The new plant will have an annual polypropylene production capacity of 20,000 tons. This is the company’s third polypropylene production facility in China. The facility is located such that it can cater to the region’s rising automotive market. The North China region has some of the major automobile manufacturers such as BMW, Volkswagen, Daimler AG, Nissan, Audi, GM, and Chery. With the starting of this plant, the company aims to maintain its leadership in the automotive sector.
SABIC: In Sept, 2017 SABIC’s latest pilot plant for polypropylene began operations in The Netherlands. The pilot plant was started for the development of next-generation polypropylenes. The plant uses gas-phase polymerization technology. The plant will meet the needs of various end-use industries such as advanced packaging, automotive, appliances, and pipe.
Key Questions and Answered
• Who are the key competitors of companies with respect to their products, revenue, geographic presence and market positioning?
• How does a particular company performing against its competitors?
• What are the Strengths, Weaknesses, Opportunities and Challenges for major companies in the market?
• What are the strategies of growth adopted by the companies in the market?
• How are the market players positioned with respect to the business strength and product portfolio?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
• How is the market players' presence with respect to region and segment?
•Who are the key customers of the market?
View Complete Report with TOC, Tables and Figures at
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Related Reports on Polypropylene Market:
Global Polypropylene Market Full Report
Global Polypropylene Market Summary Report
Global Polypropylene Market Segmentation Report
Global Polypropylene Market Regional Report
Global Polypropylene Market Statbook
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