Global Polypropylene Market - Forecasts from 2019 to 2024
The global polypropylene market is projected to grow at a CAGR of 6.04% to reach US$109.055 billion by 2024, from US$76.694 billion in 2018. Polypropylene is a hugely versatile plastic due to its low cost, durability and excellent tolerance of both chemical substances and high temperatures. Increasing use of polypropylene in food and beverages packaging is driving the global polypropylene market growth. The market is expected to grow at a steady pace owing to the burgeoning need for flexible packaging. However, presence of substitute such as polyethylene can restraint the market growth.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the polypropylene value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global polypropylene market.
Major industry players profiled as part of the report are SABIC, Braskem, Borealis AG, LyondellBasell Industries Holdings B.V., Condale Plastics Ltd., YATE spol. s r. o., HPE Plastic Extrusion Solutions, DS Smith, Pregis LLC, and Mitsui Chemicals, Inc.
The global polypropylene market has been analyzed through following segments:
By End-User Industry
Oil & Gas
Middle East and Africa
LyondellBasell Industries Holdings B.V.
Condale Plastics Ltd.
YATE spol. s r. o.
HPE Plastic Extrusion Solutions
Mitsui Chemicals, Inc.