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Global Polypropylene Copolymer Market: By Application: Fibre and Fabrics, Automotive, Packaging, Construction, Medical, Consumer Goods, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porters Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Polypropylene Copolymer Market Outlook
The global polypropylene copolymer market witnessed a CAGR of 5% during the historical period of 2018-2022.
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Asia Pacific to Hold Significant Market Share of Polypropylene Copolymer
The Asia Pacific region is anticipated to hold a significant market share of polypropylene copolymer during the forecast period on account of the rising utilisation of polypropylene copolymer in countries like India and China. Moreover, China being the largest importer and Singapore being the largest exporter of polypropylene copolymer, is further driving the market growth of polypropylene copolymer in the Asia Pacific region. The growing urban population, rising industrialisation, and emerging economies along with the increasing disposable income among consumers are further expected to boost the market growth of polypropylene copolymer in the Asia Pacific region during the forecast period. Based on application, the packaging segment is projected to witness substantial market growth of polypropylene copolymer across the globe due to the high demand and surging consumption of packaged food and beverages.
Market Segmentation
Polypropylene copolymer is a thermoplastic resin produced by the polymerisation of propylene and ethylene. Originally it was a creation of Karl Rehn, a German chemist, but Natta perfected and synthesised the first polypropylene resin in Spain, in 1954. The main characteristics of polypropylene are its heat resistance, recyclability, and high tensile strength.
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The market for polypropylene copolymer, by application, is divided into:
- Fibre and Fabrics
- Automotive
- Packaging
- Construction
- Medical
- Consumer Goods
- Others
The EMR report looks into the regional markets of polypropylene copolymer like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
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Rising Demand for Polypropylene Copolymer in the Packaging Industry to Boost the Market Growth of Polypropylene Copolymer
The surging demand for polypropylene copolymer across various industries like packaging, automotive, and construction, among others due to its exceptional advantages such as low coefficient of friction, highly resistant to moisture, and good impact strength, among others are driving the market growth of polypropylene copolymer across the globe. Polypropylene copolymer (PPC) is a bit softer but has superior impact strength and is stronger and more durable than other (homopolymer) polypropylene, which is enhancing its demand in various application sectors, thereby boosting the market growth of polypropylene copolymer across the world. As polypropylene copolymer can withstand high heat, it is used to manufacture food containers and plastic items for medical or laboratory use, consequently fuelling the market demand for polypropylene copolymer.
Additionally, the surging utilisation of polypropylene copolymer in the textile and packaging sector as the resin has better stress crack endurance and low-temperature toughness, is further expected to propel the market growth of polypropylene copolymer globally over the forecast period. The growing food and beverages industry, coupled with the surging demand for polypropylene copolymer in the health care industry on account of its application in injection moulding purposes and several other medical devices are expected to boost the market for polypropylene copolymer in the coming years.
Key Players in the Global Polypropylene Copolymer Market
The report presents a detailed analysis of the following key players in the global polypropylene copolymer market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- LyondellBasell Industries Holdings B.V.
- China Petrochemical Corporation (Sinopec Group)
- SABIC
- PetroChina Company Limited
- Braskem S.A.
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Fibre and Fabrics, Automotive, Packaging, Construction, Medical, Consumer Goods, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Lyondell Basell, Sinopec Group, Sabic, PetroChina Group, Braskem Group |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Polypropylene Copolymer Market Analysis
8.1 Key Industry Highlights
8.2 Global Polypropylene Copolymer Historical Market (2018-2022)
8.3 Global Polypropylene Copolymer Market Forecast (2023-2028)
8.4 Global Polypropylene Copolymer Market by Application
8.4.1 Fibre and Fabrics
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Automotive
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Packaging
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Construction
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Medical
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Consumer Goods
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Polypropylene Copolymer Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 390230)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 LyondellBasell Industries Holdings B.V.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 China Petrochemical Corporation (Sinopec Group)
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 SABIC
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 PetroChina Company Limited
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Braskem S.A.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Polypropylene Copolymer Market: Key Industry Highlights, 2018 and 2028
2. Global Polypropylene Copolymer Historical Market: Breakup by Application (Million Tons), 2018-2022
3. Global Polypropylene Copolymer Market Forecast: Breakup by Application (Million Tons), 2023-2028
4. Global Polypropylene Copolymer Historical Market: Breakup by Region (Million Tons), 2018-2022
5. Global Polypropylene Copolymer Market Forecast: Breakup by Region (Million Tons), 2023-2028
6. North America Polypropylene Copolymer Historical Market: Breakup by Country (Million Tons), 2018-2022
7. North America Polypropylene Copolymer Market Forecast: Breakup by Country (Million Tons), 2023-2028
8. Europe Polypropylene Copolymer Historical Market: Breakup by Country (Million Tons), 2018-2022
9. Europe Polypropylene Copolymer Market Forecast: Breakup by Country (Million Tons), 2023-2028
10. Asia Pacific Polypropylene Copolymer Historical Market: Breakup by Country (Million Tons), 2018-2022
11. Asia Pacific Polypropylene Copolymer Market Forecast: Breakup by Country (Million Tons), 2023-2028
12. Latin America Polypropylene Copolymer Historical Market: Breakup by Country (Million Tons), 2018-2022
13. Latin America Polypropylene Copolymer Market Forecast: Breakup by Country (Million Tons), 2023-2028
14. Middle East and Africa Polypropylene Copolymer Historical Market: Breakup by Country (Million Tons), 2018-2022
15. Middle East and Africa Polypropylene Copolymer Market Forecast: Breakup by Country (Million Tons), 2023-2028
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Polypropylene Copolymer Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major industry drivers are rising industrialisation and packaging and textile sectors, which account for the majority of its total global consumption.
The key trends in the market are well-diversified applications across various sectors, excellent packaging material for artistic and retail products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
Fibre and fabrics segment is the dominant application in the industry.
The major key players in the industry include Lyondell Basell, Sinopec Group, Sabic, PetroChina Group, and Braskem Group.
Analyst Review
The global polypropylene copolymer market is driven by the well-diversified applications across various sectors, excellent packaging material for artistic and retail products. Aided by the packaging and textile sector which account for the majority of its total global consumption, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the polypropylene copolymer industry can be segmented into fibre and fabrics, automotive, packaging, construction, medical, and consumer goods, among others, with fibre and fabrics accounting for the largest market share. The major regional markets for polypropylene copolymer are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The major key players in the industry include Lyondell Basell, Sinopec Group, Sabic, PetroChina Group, and Braskem Group.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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