Posted on 24 Jan 2019

Global Polypropylene Copolymer Market to Reach 30 Million Tons by 2024

Polypropylene copolymer is a type of thermoplastic addition polymer which is produced by consolidation of numerous units of propylene monomers. It is transparent and colourless with a glossy and relatively slippery surface.



Polypropylene copolymer is resistant to corrosion and electricity, and resilient against many forms physical damage. It is a versatile material which can be processed by various methods such as injection moulding, extrusion, blown, blow moulding, cast film and thermoforming. Furthermore, it does not have negative impact on environment as this polymer is 100% recyclable, has high calorific value and does not emit any toxic chemicals. Owing to these properties, it is used in the packaging industry; fibre applications which include ropes, carpets, clothing, etc.; and in the manufacture of piping systems, biaxially oriented polypropylene (BOPP), automotive components, polymer banknotes, etc. Moreover, polypropylene copolymer is suitable for manufacturing living hinges as it does not break when bent repeatedly.

The production of polypropylene copolymer witnessed a significant growth during 2014-2018 in the major producing countries. In recent years, the level of performance of polypropylene copolymer has increased as various ideas and apparatus have been integrated into the process for the manufacturing of this polymer. According to a new report by Expert Market Research, the global polypropylene copolymer market reached a volume of 24 Million Tons in 2018 and is further expected to reach 30 Million Tons by 2024. Owing to the rising demand for light weight products, the demand for polypropylene copolymer is increasing from the construction and automobile industries. Growing trend of substituting metal with polypropylene copolymer, rising environmental concerns, changing lifestyles, growing consumer preference and increasing disposable incomes are some of the other factors driving the growth of the market.

Key findings from the report:

  • The major end-uses of polypropylene copolymer include rigid packaging, textiles, technical parts, films and consumer products. In 2018, rigid packaging represented the largest end-use segment with the majority of the market share.
  • Region-wise, Europe dominated the market with a share of one-fourth of the total global production in 2018.
  • Being fragmented in nature, the global polypropylene copolymer market is surrounded by a number of players. Some of these players include Lyondell Basell, Sinopec Group, SABIC, Braskem Group, PetroChina Group and Reliance Industries.

global polypropylene copolymer market

To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/polypropylene-copolymer-market

Expert Market Research has analysed the global polypropylene copolymer market according to end-uses, major regions and top players:

Market breakup by End-use

  • Rigid Packaging
  • Textiles
  • Technical Parts
  • Films
  • Consumer Products

Market breakup by Region

  • Europe
  • Others

Top players

  • Lyondell Basell
  • Sinopec Group
  • SABIC
  • Braskem Group
  • PetroChina Group
  • Reliance Industries

 

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

 

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