Global Polypropylene Market 2023-2027
The polypropylene market is forecasted to grow by USD 29.16 bn during 2022-2027, accelerating at a CAGR of 4.34% during the forecast period. The report on the polypropylene market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for packaging, rise in demand for automotive lightweighting, and increased consumption of hygiene products.
Technavio's polypropylene market is segmented as below:
By Type
By Application
- Injection molding
- Extrusion molding
- Blow molding
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the emergence of bio-based polypropylene as one of the prime reasons driving the polypropylene market growth during the next few years. Also, easy availability of polypropylene and integration of IoT and radio-frequency identification (RFID) technology into polypropylene packaging will lead to sizable demand in the market.
The report on the polypropylene market covers the following areas:
- Polypropylene market sizing
- Polypropylene market forecast
- Polypropylene market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polypropylene market vendors that include BASF SE, Borealis AG, Braskem SA, Ducor Petrochemicals B.V., Exxon Mobil Corp., Formosa Plastics Corp., Haldia Petrochemicals Ltd., HPCL-Mittal Energy Ltd., Indian Oil Corp. Ltd., INEOS Group Holdings SA, Koch Industries Inc., LyondellBasell Industries N.V., Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., Reliance Industries Ltd., Saudi Basic Industries Corp., Saudi Polymers LLC, Sinopec Shanghai Petrochemical Co. Ltd., TotalEnergies SE, and Westlake Plastics Co.. Also, the polypropylene market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.