Global Polypropylene Market 2017-2021

This industry research report identifies Braskem, China Petrochemical, Exxon Mobil, INEOS Group Holdings, and LyondellBasell Industries Holdings as the key vendors in the global polypropylene market. A comprehensive analysis of this market is also presented by application (injection molding, films and sheets, and others), by end-user (packaging, construction, automotive, electrical and electronic, and others), and by geography (the Americas, APAC, and EMEA).

Overview of the global polypropylene market

According to Technavio’s market research analysis, the rising demand for packaging materials will be one of the major factors that will have a positive impact on the growth of the global polypropylene market till 2021. There is an increasing demand for packaging materials in the food and beverage industry for retail store display and sale, catering companies, and food distribution. The different forms of packaging used in the food and beverage industry are sachets, containers, pouches, and plastic bags. The market is also seen to witness the rising demand by consumers for easy-to-open and transparent packaging that assists in the preservation and protection of food from oxygen and water vapor. Moreover, factors such as changing lifestyle, shifting trends of both the parents working, high purchasing power, and innovations in food preservation techniques will drive the growth of the food and beverages segment. This in turn will propel the demand for polypropylene market during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

APAC will be the key revenue contributor of the polypropylene market throughout the forecast period. The rising demand from major industrial economies including India, China, South Korea, and Japan drive the market growth in the region. Also, the growth of end-user industries such as automotive and packaging in the APAC region will propel the demand for polypropylene.

Competitive landscape and key vendors

The polypropylene market consists of many regional vendors. The polypropylene manufacturers are engaging in expanding their product range with increased investment in R&D activities. The competitive environment in the market will increase during the forecast period as vendors are competing based on factors such as the cost of production, innovation in products, price, operational cost, investment in R&D, and product quality.

The leading vendors in the market are –

• Braskem
• China Petrochemical
• Exxon Mobil
• INEOS Group Holdings
• LyondellBasell Industries Holdings

The other prominent vendors in the market are BASF, Borealis, Ducor Petrochemicals, Formosa Plastics, Haldia Petrochemicals, HPCL-Mittal Energy Limited (HMEL), Indian Oil Corporation, Japan PP, Koch Industries, MITSUI CHEMICALS AMERICA, Reliance Industries, SABIC, Saudi Polymers, Total, and Westlake Plastics.

Segmentation by application and analysis of the polypropylene market

• Injection molding
• Films and sheets

During 2016, the injection molding segment accounted for the major shares of the polypropylene market. Factors such as the high popularity of lightweight materials and its increased usage in packaging, construction, and electrical sectors will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the polypropylene market

• Packaging
• Construction
• Automotive
• Electrical and electronic

According to this market research report, the packaging industry will be the major end-user segment to the polypropylene market until 2021. The utilization of polypropylene in the form of sheets, films, and containers in the food and beverage, pharmaceutical, and chemical industries will be the major factor driving the growth of the market in this segment.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global polypropylene market?
• What are the key market trends impacting the growth of the global polypropylene market?
• What are the challenges to market growth?
• Who are the key vendors in the global polypropylene market?
• What are the market opportunities and threats faced by the vendors in the global polypropylene market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global polypropylene market?

Technavio also offers customization on reports based on specific client requirement.