Polypropylene Market is Projected to Grow Massively in Near Future with Profiling Eminent Players- BASF SE, China National Chemical Corporation (CHEMCHINA), Dow Chemical Company, etc

The growing demand for polypropylene in the 3D printing industry and the increased installation of propane dehydrogenation will boost market growth.

Market Size – USD 135.14 Billion in 2019, Market Growth - CAGR of 5.3%, Market Trends – BOPP in food packaging

According to a new report by Reports and Data, the global polypropylene market is forecast to reach USD 205.61 Billion by 2027. Increasing adoption of PP in the 3D Printing industry owing to its superior chemical resistance is a significant factor influencing market demand. Polypropylene has the lowest density out of all commonly used in manufacturing plastics, which makes it very light. Other benefits associated with the material, including flexibility, durability, and electrical resistance, make it highly practical for the industry. Currently, the product is being used in the healthcare sector to manufacture medical vials, diagnostic devices, specimen bottles, and pill containers.

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Key participants include BASF SE, China National Chemical Corporation (CHEMCHINA), Dow Chemical Company, ENI S.P.A., Exxon Mobil Corporation, Braskem, INEOS Group Holdings S.A., LyondellBasell Industries N.V., Saudi Basic Industries Corporation, SINOPEC, and TOTAL Specialties USA, Inc.

For the purpose of this report, Reports and Data have segmented into the global polypropylene market on the basis of type, application, end use industry, and region:

Extraction Type Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
Homopolymer
Copolymer

Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
Moulding
Injection Moulding
Blow Moulding
Fiber & Raffia
Films & Sheets
Bags & Sacks
Containers
Others

End Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
Packaging
Flexible Packaging
Rigid Packaging
3D Printing
Automotive & Transportation
Building & Construction
Electrical & Electronics
Healthcare
Others

The Polypropylene market report highlights the regions, particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Further key findings from the report suggest

Polypropylene is one of the fastest-growing polymers. This growth is mostly attributed to polypropylene’s ability to displace conventional materials such as wood, glass, and metal at a lower cost. The material offers excellent chemical resistance and weldability, which makes it ideal for the automotive industry, consumer goods, and packaging applications.

The demand for PP resins for moulding is projected to grow significantly in the coming years. PP exhibits specific properties, such as chemical resistance, low density, outstanding property balance, and versatility, which makes it apt for a wide range of applications.
Polypropylene is majorly used for food packaging. It is widely used for sweet and snack wrappers, hinged caps, and microwave containers. Furthermore, since PP containers do not leach chemicals, they are considered safe for packaging applications.

Increasing adoption of Biaxially Oriented Polypropylene (BOPP) films in food packaging is also a significant trend observed in the market. Benefits associated with BOPP films, including low moisture transmission rate, excellent slip, and optical properties, high tensile strength, and low thermal shrinkage, have driven their demand for food packaging applications.

The automotive segment is expected to have lucrative growth during the forecast period due to the increased production of automobiles. Polypropylene is widely used in automotive parts due to its low cost, outstanding mechanical properties, and moldability. Main application areas include battery cases and trays, bumpers, fender liners, interior trim, instrumental panels, and door trims.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/polypropylene-market

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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