Category

Polypropylene (PP) Extrusion Market Size, Share, Opportunities And Trends By Type (Film, Sheets, Pipes & Tubes), By End-user Industry(Construction, Packaging, Electrical And Electronics, Automotive) And Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612539 | Pages:  107

The Polypropylene (PP) extrusion market is projected to grow at a CAGR of 6.10% to reach US$51.448 billion in 2024 from US$ billion in 2018. Polypropylene (PP) extrusions such as films and sheets are increasingly gaining grounds in packaging industry owing to burgeoning trend towards clear packaging that is functional, durable, and resealable. The surge in demand is mainly due to the features such as light weight, cost effectiveness, versatile temperature range, high heat resistance, and high clarity provided by the PP extrusions. With growing focus of industries such as packaging, healthcare and automotive towards complying to various regulations, the demand for PP extrusion is poised to grow at a constant rate. Furthermore, rising trend of flexible packaging is propelling the polypropylene extrusion market growth. Therefore, the market is expected to grow at a substantial rate over the forecast period on account of growing consumption of PP extrusions by different end-users. 

DRIVERS

Growing penetration of PP in various end-user industries

 Rising investments in polypropylene facilities.

RESTRAINTS

Ban on single-use plastics by various countries.

INDUSTRY UPDATE

In September 2018, DS Smith Plastics launched a new product line of extruded polypropylene packaging, AkyPure, for the pharmaceutical sector.

 In December 2017, SABIC started up a new polypropylene extrusion facility in Geleen, The Netherlands. 

The major players profiled in the Polypropylene extrusion market include Eaton, DS Smith, SABIC, SFR Industries, PBS Plastics, Condale Plastics Ltd., Blackwell Plastics, HPE Plastic Extrusion Solutions, Tekni-Plex Inc., epsotech, PLASTOPIL and Preferred Plastics, Inc. among others.

Segmentation

The Polypropylene extrusion market has been analyzed through the following segments:

By Form

Film 

Sheets

Pipes & Tubes

 

By End-User Industry

Construction

Electrical and Electronics

Packaging

Automotive

Others

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others

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