Global Polypropylene Market Report 2023: Rising Utilization Across the Automotive Industry, Followed by the Increased Demand for Flexible Packaging Drives Growth

DUBLIN, April 6, 2023 /PRNewswire/ -- The "Polypropylene Market Size, Share & Trends Analysis Report By Polymer Type (Homopolymer, Copolymer), By Process, By Application, By End-Use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to  ResearchAndMarkets.com's offering.

The global polypropylene market size is expected to reach USD 177.73 billion by 2030. It is expected to expand at 4.7% CAGR from 2023 to 2030.

Companies Mentioned

• SABIC
• Exxon Mobil Corporation
• Borealis AG
• BASF SE
• INEOS Group
• Reliance Industries Limited
• LG Chem
• LyondellBasell Industries Holdings B.V.
• DuPont
• Braskem

Growing utilization across the automotive industry, followed by the increased demand for flexible packaging is anticipated to boost the growth of the polypropylene industry.

The use of polypropylene in automotive applications has increased in recent years since it is used for producing lightweight vehicles. This is an integral part of growing sustainability initiatives aimed at the reduction of carbon emissions by heavyweight vehicles.

The European automotive market is one of the largest markets in the world, hence has a high level of competition among vehicle manufacturers.

Therefore, companies in the automotive sector have been investing heavily in introducing new technologies and innovations, to reduce vehicle weight and improve fuel efficiency by utilizing polypropylene, which has been driving the demand for polypropylene.

Compounded TPO refers to a blend of polypropylene, polyethylene, and EPDM rubber. TPOs are processed via injection molding and blow molding, they exhibit superior characteristics such as high resistance to impact, excellent chemical resistance, and low density. These properties make them ideal for use in applications such as automotive parts that require increased toughness and durability over conventional polymers. Furthermore, they can be integrated with several additives resulting in properties such as flame retardants which enable their use in the electrical & electronics industry.

Polypropylene is the most widely used plastic in the packaging industry. With the growth of the packaging industry, the polypropylene industry has grown in recent years. It is mainly used in food packaging, where it is in direct contact with food or beverages. Instead of using paper or sisal sacks, food and beverage packaging uses polypropylene due to its waterproof and chemical-resistant nature.

Polypropylene Market Report Highlights

• The polypropylene industry was valued at over USD 120 billion in 2022. It is expected to reach USD nearly USD 180 billion in 2030, owing to the growing demand for polypropylene across various markets
• Capacity expansions, forward integration, and the introduction of new products, such as talc-filled polypropylene and isotactic polar polypropylene (iPPP), are the major strategies undertaken by the major players to strengthen their presence in the market
• With the introduction of electric vehicles (EVs), the global market for polypropylene has grown in the past few years. Polypropylene is used for interior applications in electric vehicles including bumpers, seats, and head & armrests
• Food safety is a major concern globally for which countries have been imposing various rules and regulations. According to the European Union law (Directive 89/109/EEC), any material or article that comes in contact with food directly or indirectly must be sufficiently inert to preclude substances from being transferred to food
• Various federal and governmental regulations have been enforced across the world to regulate and control plastic waste and reduce its negative impact on the environment

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Plastics Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Regulatory Framework
3.4.1. Standard & Compliances
3.4.2. Safety
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Challenge Analysis
3.5.4. Market Opportunity Analysis
3.6. Industry Analysis - Polypropylene Market

Chapter 4. Polypropylene Market: Polymer Type Estimates & Trend Analysis
4.1. Polymer Type movement analysis & market share, 2022 & 2030
4.2. Homopolymer
4.3. Copolymer

Chapter 5. Polypropylene Market: Process Estimates & Trend Analysis
5.1. Process movement analysis & market share, 2022 & 2030
5.2. Injection molding
5.3. Blow molding
5.4. Extrusion molding
5.5. Others

Chapter 6. Polypropylene Market: Application Estimates & Trend Analysis
6.1. Application movement analysis & market share, 2022 & 2030
6.2. Fiber
6.3. Film & sheet
6.4. Raffia
6.5. Others

Chapter 7. Polypropylene Market: End-use Estimates & Trend Analysis
7.1. End-use movement analysis & market share, 2022 & 2030
7.2. Automotive
7.3. Building & construction
7.4. Packaging
7.5. Medical
7.6. Electrical & electronics
7.7. Others

Chapter 8. Polypropylene Market: Regional Estimates & Trend Analysis

Chapter 9. Competitive Landscape
9.1. Key global players and recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
9.3.1. List of key Distributors and Channel Partners
9.3.2. Key Potential Customers
9.4. Public Companies
9.4.1. Competitive Dashboard Analysis
9.5. Private Companies
9.5.1. List of Key Emerging Companies/End-use Disruptors/Innovators

Chapter 10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/x107x6

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