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Polypropylene-Plastic Material And Resins Market Analysis 2024: Market Growth Rate, Trends, Share And Industry Outlook 2033 | LyondellBasell Industries Holdings BV, China Petroleum & Chemical Corporation, SABIC innovations Plastics US LLC, ExxonMobil Chem
Polypropylene-Plastic Material And Resins Market
The Business Research Company's Polypropylene-Plastic Material And Resins Global Market Report 2024 identifies Rising demand for thermoplastic materials as the major driver for the Polypropylene-Plastic Material And Resins market's growth in the forecast period. Due to their unique chemical properties, thermoplastic materials can be recycled and remolded without affecting their physical properties. As a result, thermoplastic materials are far more useful in a wide range of applications, including clothing, packaging, food, and beverages.
The polypropylene-plastic material and resins market size has grown strongly in recent years. It will grow from $139.82 billion in 2023 to $153.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to packaging industry, automotive sector, consumer goods, construction and building materials. The polypropylene-plastic material and resins market size is expected to see strong growth in the next few years. It will grow to $217.18 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
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Major competitors in the Polypropylene-Plastic Material And Resins market are LyondellBasell Industries Holdings BV, China Petroleum & Chemical Corporation, SABIC innovations Plastics US LLC, ExxonMobil Chemical Company, Braskem
A key trend in the Polypropylene-Plastic Material And Resins market includes innovating new technologies. Major companies operating in the polypropylene-plastic material and resins market are innovating new technologies such as polypropylene technologies to increase their profitability in the market. Polypropylene (PP) technology refers to the processes, methods, and techniques used in the production, processing, and modification of polypropylene plastic. For instance, in November 2022, Lummus Technology LLC, a US-based petrochemical company launched NovolenPPure polypropylene (PP) technology. The goal of NovolenPPure technology is to provide improved performance qualities to fulfill the changing demands of sectors including the automobile, packaging, and healthcare. Improved impact resistance, processability, chemical resistance, and mechanical characteristics are a few examples of this.
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The Polypropylene-Plastic Material And Resins market is segmented -
1. By Product Type: Homopolymer, Copolymer
2. By Application: Fiber, Film and Sheet, Raffia, Other Applications
3. By End User Industry: Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-user Industry
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Polypropylene-Plastic Material And Resins market.
The Business Research Company's "Global Polypropylene-Plastic Material And Resins Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Polypropylene-Plastic Material And Resins Market Include:
1. Executive Summary
2. Polypropylene-Plastic Material And Resins Market Characteristics
3. Polypropylene-Plastic Material And Resins Market Trends And Strategies
4. Polypropylene-Plastic Material And Resins Market - Macro Economic Scenario
5. Global Polypropylene-Plastic Material And Resins Market Size and Growth
……
31. Global Polypropylene-Plastic Material And Resins Market Competitive Benchmarking
32. Global Polypropylene-Plastic Material And Resins Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Polypropylene-Plastic Material And Resins Market
34. Polypropylene-Plastic Material And Resins Market Future Outlook and Potential Analysis
35. Appendix
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