Press release
Polypropylene-Plastic Material And Resins Industry Growth Outlook: 7.2% CAGR and $177.99 Billion by 2029
Polypropylene-Plastic Material And Resins
What Is the Long-Term Growth Forecast for the Polypropylene-Plastic Material And Resins Market Size 2025?
The market for polypropylene-plastic materials and resins has experienced substantial growth in recent years. It is projected to expand from $125.44 billion in 2024 to $134.84 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The historical growth of this market has been driven by the packaging industry, the automotive sector, consumer goods, and construction and building materials.
What CAGR is Forecasted for the Polypropylene-Plastic Material And Resins Market Through 2029?
In the next few years, the market size of polypropylene-plastic material and resins is predicted to experience significant growth, reaching up to $177.99 billion in 2029 with a compound annual growth rate (CAGR) of 7.2%. This growth during the forecast period is primarily due to the utilization of sustainable and recyclable materials, advancements in packaging innovation, renewable energy and electric vehicles, and the introduction of advanced healthcare devices. Some of the key trends for this period include bio-based polypropylene, advancements in additive manufacturing, high-performance formulations, and intelligent materials.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/polypropylene-plastic-material-and-resins-global-market-report
What Are the Critical Factors Driving Polypropylene-Plastic Material And Resins Market Development?
The polypropylene market's growth has been spurred by the escalating demand for thermoplastic materials. Thermoplastic materials possess unique chemical properties, allowing them to be remolded and recycled without impacting their physical characteristics. Therefore, these materials are highly versatile and used in numerous applications like apparel, packaging, food, and beverages. They also play a vital role in heavy-duty industries like aerospace, defense, and medical. Data from the American Freedonia Group indicates that the global Thermoplastic Elastomer (TPE) market exceeded $24 billion and the market demand reached 6.7 million tons. It is expected to grow at 5.2% annually in the future. The increasing demand for thermoplastic materials expanded the need for the polypropylene market, thereby propelling its growth.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7809&type=smp
How Does the Polypropylene-Plastic Material And Resins Market Break Down Across Major Segments?
The polypropylene-plastic material and resins market covered in this report is segmented -
1) By Product Type: Homopolymer, Copolymer
3) By Application: Fiber, Film and Sheet, Raffia, Other Applications
2) By End User Industry: Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-user Industry
Subsegments:
1) By Homopolymer: Isotactic Polypropylene, Atactic Polypropylene
2) By Copolymer: Block Copolymer, Random Copolymer
What Are the Major Trends Transforming the Polypropylene-Plastic Material And Resins Industry?
Polypropylene compounds that are eco-friendly are on the rise due to stringent government regulations on recycling and environmental safeguarding. The unique characteristics of these compounds make them a preferred alternative in the car manufacturing sector. Grand Siam Composites, a partnership between SCG Chemicals, Mitsui Chemicals Inc., and Prime Polymer, has pioneered new technological procedures and innovations for manufacturing environmentally-friendly high-grade products. These advancements have resulted in GSC's polypropylene compounds being utilized to manufacture top quality automotive parts like consoles, instrument panels, bumpers, door panels, and a variety of accessories.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=7809&type=smp
Which Players Are Driving Innovation in the Polypropylene-Plastic Material And Resins Market?
Major companies operating in the polypropylene-plastic material and resins market include LyondellBasell Industries Holdings BV, China Petroleum & Chemical Corporation, SABIC innovations Plastics US LLC, ExxonMobil Chemical Company, Braskem, PetroChina Company Limited, Reliance Industries Limited, Formosa Plastics Corporation, Borealis AG, Asahi Kasei Plastics North America Inc., Mitsui Chemicals Inc., DuPont de Nemours Inc., INEOS AG, TotalEnergies SE, Sumitomo Chemical co. Ltd., Dynachem & Co. Ltd., HMC Polymers Co. Ltd., Scott Bader Company Limited, Dow Chemical Company, BASF SE, Toray Industries Inc., Lotte Chemical Corporation, Covestro AG, Huntsman International LLC, Westlake Corporation, Eastman Chemical Company, Formosa Plastics Corporation USA, INEOS Olefins & Polymers USA LLC, Chevron Phillips Chemical Company LP, Trinseo LLC, Pinnacle Polymers LLC, Flint Hills Resources LLC
Which Regions Are Driving Global Polypropylene-Plastic Material And Resins Market Expansion?
Asia-Pacific was the largest region in the polypropylene market in 2024. North America was the second-largest region in the global polypropylene market. The regions covered in the polypropylene-plastic material and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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-Plastic Material And Resins Industry Growth Outlook: 7.2% CAGR and $177.99 Billion by 2029 here
News-ID: 4169184 • Views: …
More Releases from The Business Research Company
Silicone Market Expansion Outlook: $48.71 Billion in 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Silicone Market from 2024 to 2025?
The growth of the silicone market has escalated swiftly in previous years. It is projected to expand from a value of $24.65 billion in 2024 to a higher value of $28.38 billion in 2025, marking a compound annual growth…
Fluorochemicals Market on Path to Hit $35.45 Billion by 2029 at 5.8% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Fluorochemicals Market Outlook: What Size And CAGR Are Anticipated By 2025?
The size of the fluorochemicals market has seen robust growth over the past few years. Its value is expected to inflate from $26.86 billion in 2024 to $28.31 billion in 2025, displaying a compound annual growth rate (CAGR) of…
Metallic Powder Coating Market is Anticipated to Expand upto $3.28 Billion in 20 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Metallic Powder Coating Industry?
The market size of metallic powder coating has been experiencing robust growth recently. It is estimated to increase from $2.38 billion in 2024 to $2.52 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. This…
Gum And Wood Chemicals Industry to Achieve $745.54 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Gum And Wood Chemicals Market Grow by 2025 in Terms of Size and Growth?
There has been a robust expansion in the market size of gum and wood chemicals in the past few years. The market which is expected to elevate from $537.35 billion in 2024 to $569.94 billion…
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…
