Press release
Polypropylene Market is Forecasted to Reach US$ 153.99 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global polypropylene market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1416/polypropylene-market.html#form
Report Highlights:
Market Size in 2028: US$ 153.99 billion
Growth (CAGR): 3.34% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the polypropylene Market:
The global polypropylene market is segmented based on type, application type, end-use industry type, and region.
Based on type - "The Homopolymer shares more than 80% in 2022 and is expected to maintain its position during the forecast period"
The market is segmented as homopolymer and copolymer. The Homopolymer shares more than 80% in 2022 and is expected to maintain its position during the forecast period. Homopolymer polyethylene is widely used in many industries such as packaging, automotive, building & construction, and electrical & electronics owing to its better mechanical properties.
Based on application type - "Film and sheet share nearly 35% in 2022 of the market"
The polypropylene market comprises injection molding, fiber & raffia, film & sheet, and blow molding. Film and sheet share nearly 35% in 2022 of the market owing to their widespread usage in carpets, carpet backing, and tapes. Injection molding is expected to remain the second-largest segment owing to the growing demand for molded products in an increasing number of end-use industries.
Based on end-use industry type - "The packaging segment shares more than 35% in 2022"
The polypropylene market is segmented as packaging, automotive, building & construction, electrical & electronics, medical, and others. The packaging segment shares more than 35%in 2022. Polypropylene is used in the packaging of food and consumer products.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/1416/polypropylene-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia Pacific holds more than 45% of the share in 2022 for polypropylene market. This growth outlook is majorly attributed to the following-
• China, Japan, South Korea, Taiwan, and India are the largest consumers of polypropylene in the region.
• Significant economic development in the region is paving the path for electrical & electronic, packaging, building & construction, and automotive industries.
• Further, a huge consumer base and significant economic development in the region are likely to boost the demand for polypropylene in the region.
• North America and Europe are also expected to witness a healthy demand for polypropylene material owing to the revival of the construction industry from the global economic slowdown.
Polypropylene Market Drivers:
Some of the key drivers listed in the report are given below.
• Rising Demand from the Packaging Market: The polypropylene market is expanding due to increasing packaging demand for food and beverages, as well as its moisture barrier properties, making it ideal for food and beverage packaging and automobile manufacturing due to its ease of processability and stiffness.
• Rising Demand from the Manufacturing Market: Polypropene's high durability and flexibility make it a promising material for the agricultural sector, with increasing demand for tools like drippers and microtubes driving growth.
• Rising demand from the Industrial Market: Polypropylene's high rigidity and transparency properties, particularly in packaging electrical spares and parts, are expected to boost its demand across various industries due to its efficient properties.
Top Companies in the Polypropylene Market:
Stratview Research has identified the following companies as the top market players.
• BASF SE,
• Brahmaputra Cracker and Polymer Limited,
• Braskem,
• China Petrochemical Corporation, and LG Chem,
• DuPont,
• Eastman Chemical Company,
• Exxon Mobil Corporation,
• Formosa Plastics Corporation,
• Haldia Petrochemicals Limited,
• HPCL- Mittal Energy Limited,
• INEOS,
• Lotte Chemical UK LTD.,
• LyondellBasell Industries Holdings B.V.
• Reliance Industries Limited,
• SABIC,
• SACO AEI
• Trinseo,
• Westlake Chemical Corporation,
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polypropylene Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Polypropylene Compound Market: https://www.stratviewresearch.com/3070/polypropylene-compound-market.html
• Polypropylene Fiber Market: https://www.stratviewresearch.com/3096/polypropylene-fiber-market.html
Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176
About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polypropylene Market is Forecasted to Reach US$ 153.99 Billion in 2028, Says Stratview Research here
News-ID: 3882348 • Views: …
More Releases from Stratview Research
Semiconductor Vacuum Valve Market Set to Reach US$ 1.0 Billion by 2031, Reports …
Stratview Research, a leading global market research firm, forecasts that the global Semiconductor Vacuum Valve market will grow at an annual rate of 6.7%, reaching US$ 1.0 billion by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3932/semiconductor-vacuum-valve-market.html#form
Key Report Highlights:
• Market Size by 2031: US$ 1.0 billion
• Growth Rate…
Small Satellites Market Set to Reach US$ 7.7 Billion by 2030, Reports Stratview …
Stratview Research, a leading global market research firm, forecasts that the global Small Satellites market will grow at an annual rate of 2.2%, reaching US$ 7.7 billion by 2030. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1920/small-satellites-market.html#form
Key Report Highlights:
• Market Size by 2030: US$ 7.7 billion
• Growth Rate (CAGR):…
Hard Body Armor Market Set to Reach US$ 2,271.2 Million by 2031, Reports Stratvi …
Stratview Research, a leading global market research firm, forecasts that the global Hard Body Armor market will grow at an annual rate of 3.2%, reaching US$ 2,271.2 million on by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3253/hard-body-armor-market.html#form
Key Report Highlights:
• Market Size by 2031: US$ 2,271.2 million
• Growth…
3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratvie …
Stratview Research, a leading global market research firm, forecasts that the global 3D Printing Powder market will grow at an annual rate of 27.1%, reaching US$ 5.8 billion by 2028. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/853/3d-printing-powder-market.html#form
Key Report Highlights:
• Market Size by 2028: US$ 5.8 billion
• Growth Rate…
More Releases for Polypropylene
Polypropylene Market: Technological Advances and Market Evolution in Polypropyle …
Polypropylene Market Description :
This comprehensive study delves into the latest revenue and market trends within the "Polypropylene Market". It emphasizes an overview, definition, and structural analysis while focusing on proactive and pre-planned management approaches. This report hones in on pivotal factors influencing the Polypropylene Market, such as gross margin, costs, market share, capacity utilization, and supply, enabling a nuanced evaluation of its future potential in the coming years. By presenting…
Polypropylene and Polypropylene Composites Market 2023 Size, Share, Industry, Fo …
The Polypropylene and Polypropylene Composites Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Polypropylene and Polypropylene Composites market. This report explores all the key factors affecting the growth of the global…
Polypropylene and Polypropylene Composites Market Size, Share | Growth - 2030
Exclusive Report by Ameco Research: Polypropylene and Polypropylene Composites Market Size Projected to Reach USD 115 Billion by 2030, Growing at 8.20% CAGR
Ameco Research is proud to announce the launch of its latest market research report, Polypropylene and Polypropylene Composites Market. This comprehensive report provides in-depth analysis and insights into the current market trends and future projections in the Industry/Market Segment. Ameco Research has been at the forefront of…
Global Polypropylene and Polypropylene Composites Market Research Trends Analysi …
The polypropylene and polypropylene composites market is estimated to grow at a compound annual growth rate of 8.80% for the forecast period of 2023 to 2032.
Propene is polymerized to produce polypropylene and polypropylene composites. It is the most adaptable and versatile fibre with a variety of uses. It is transformed into fibres for textiles, carpets, garments, and bed sheets, among other things, as well as a film for packaging and…
Polypropylene Foam Market: Information by Type (Expanded Polypropylene (EPP) Foa …
Polypropylene foam — a lightweight thermoplastic made from polypropylene resin — exhibits superior properties, such as a high coefficient of friction, low density, stability across a wide temperature range, outstanding breathability, flexibility, and a buoyant nature. These favorable characteristics drive its adoption in the automotive, packaging, consumer durables, and construction industries, over counterparts such as polyethylene and polystyrene foams in applications.
The rising demand for lightweight automobiles, the development and growth…
Polypropylene and Polypropylene Composites Market with Development Factors, Inve …
According to a new report published by Allied Market Research, titled, Global Polypropylene and Polypropylene Composites Market for Injection Molding by Product, Fiber Type, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global polypropylene and polypropylene composites market for injection molding was valued at $54,703 million in 2016, and is projected to reach $78,381 million by 2023, growing at a CAGR of 5.1% from 2017 to 2023. The…
