Why Is Homopolymer a Dominant Category in the Polypropylene Market?

The total value of the polypropylene market was $94.3 billion in 2020, and it is projected to reach $165.6 billion by 2030, at a CAGR of 5.7%. The key driving factors for the industry are the expansion of the non-woven polypropylene fiber industry and the increasing use of polypropylene in the packaging industry. During the pandemic, the demand for packaged food increased suddenly, and thus, it increased the use of polypropylene for packaging purposes.

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The category which had the largest share in the polypropylene market in 2020, based on type, was homopolymer. This category is further likely to rule the market in the coming years. This is credited to the fact that homopolymer polypropylene is harder and sturdier when compared to copolymer polypropylene. These attributes, along with the good resistance to chemical and weldability, make it the first choice for many corrosion-resistant constructions.

The largest share in the polypropylene market was with the injection-molding category , in terms of volume and value, in 2020, and it is expected to continue the dominance in the coming years, based on application. This is attributed to the high usage of polypropylene in the manufacturing of articles through injection-molding to produce domestic goods, automotive & marine parts. Henceforth, the snowballing demand for molded products, like rigid containers will propel the market growth in the years to come.

The market is developing at a rapid pace because of the rolling demand for food & beverage and industrial packaging. As per Plastics Europe, an association of plastic manufacturers, plastic production amounted 368 million tons in 2019, on account of the increasing demand for these materials in the packaging and building & construction markets. Polypropylene had the largest share because of its wide application in food packaging, , pipes, locomotive parts, and currency notes.

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The progression in technologies, increase in the consumer demand for health and wellness products, busy lifestyle, and rise in the number of single-person households are influencing the trends of packaging. Brand owners and retailers are also retorting to the demand for sustainable packaging products, produced with polypropylene resin because of their high tensile strength. Thus, the increasing demand for rigid sustainable packaging is propelling the polypropylene market across the globe.

The research offers market size of the global polypropylene market for the period 2015-2030.

Market Segmentation by Type
• Homopolymer
• Copolymer
o Random
o Block

Market Segmentation by Application
• Injection Molding
• Film & Sheet
• Raffia
• Fiber
• Blow Molding
• Others

Market Segmentation by End Use
• Packaging
• Electrical
• Medical
• Consumer Goods
• Automotive
• Construction
• Others

Market Segmentation by Region
• North America Polypropylene Market
o By type
o By application
o By end use
o By country - U.S. and Canada
• Europe Polypropylene Market
o By type
o By application
o By end use
o By country - Germany, Italy, France, U.K., Spain, Poland, Belgium & Luxembourg, Netherlands, Russia, and Rest of Europe

• Asia-Pacific (APAC) Polypropylene Market
o By type
o By application
o By end use
o By country - China, India, Korea, Japan, Thailand, and Rest of APAC

• Latin America (LATAM) Polypropylene Market
o By type
o By application
o By end use
o By country - Mexico, Brazil, Argentina, and Rest of LATAM

• Middle East and Africa (MEA) Polypropylene Market
o By type
o By application
o By end use
o By country - Saudi Arabia, U.A.E., Turkey, Iran, Africa, and Rest of MEA

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