Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Polypropylene Market to grow at a CAGR of around 4.4% between 2020 and 2025.

According to a new report by EMR titled, ‘Global Polypropylene Market Report and Forecast 2020-2025’, the global polypropylene market reached a volume of around 75.1 million metric tons in 2019. The market is likely to increase at a CAGR of 4.4% in the forecast period 2020-2025 to reach a volume of around 97.2 million metric tons by 2025.

The global polypropylene market is being led by the Asia Pacific region. China is the largest consumer, along with being a major importer of the product. Turkey and Europe are also included as the major importers of the product. Saudi Arabia is the leading exporter of polypropylene and is likely to continue exporting significant volumes to nations like Turkey and Asian countries like Malaysia and China, among others.

The growth of the product is majorly being driven by the automobile industry, which is growing rapidly. Polypropylene is widely used in the industry for its lightweight property. The automobiles industry is expected to witness a healthy demand in the coming years and will, thus, support the growth of the polypropylene market.

LyondellBasell Industries N.V. (NYSE: LYB), one of the key players in the industry, is one of the largest plastics, chemicals, as well as refining companies globally. It is the largest manufacturer of polymer compounds. In June 2019, LyondellBasell and Neste announced the first parallel commercial-scale production of bio-based polypropylene and bio-based low-density polyethylene. This is expected to boost the polypropylene market further as the world increasingly moves towards adopting sustainable and eco-friendly industrial products.

Market Analysis by Application and Region:

  • Polypropylene finds application in injection moulding, fibre, film, other extrusion, blow moulding, and extrusion coating, among others.
  • The regional markets of the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global polypropylene market is being aided by the growing demand for caps and closures from the food and beverage industry.
  • The thriving automobiles industry is also providing a push to the market growth.
  • The increasing demand from the pharmaceuticals as well as the health and hygiene sector are also propelling the market growth for polypropylene further.
  • Polypropylene is also being widely demanded in the CPG industry for packaging purposes.
  • The market is being supported by the rising advancements in technology to produce the product.
  • Rapid industrialisation and the rising disposable incomes of the consumers are also aiding the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global polypropylene market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the application sectors and major regions of polypropylene.
  • The EMR report on the polypropylene market also gives the regional price analysis of the product for the periods (2015-2019) and (2020-2025) and the global trade data of the market.

The major key players in the global polypropylene market include LyondellBasell Industries Holdings B.V., China Petroleum & Chemical Corporation (Sinopec Corp.), PetroChina Company Limited, Braskem, SABIC, TOTAL Polymers, Reliance Industries Limited, Exxon Mobil Corporation, and Formosa Plastics Corporation, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Plasticisers Market Report and Forecast 2020-2025



Global Styrenics Market Report and Forecast 2020-2025


Global Cross Linked Polymers Market Report and Forecast 2020-2025



NEWSLETTER