TRM Company Provided the Detailed Analysis of the Global Polypropylene Market
The report offers detailed value chain analysis in order to measure value addition at each stage of the polypropylene value chain right from raw material suppliers to end-users.
Polypropylene is a thermoplastic polymer that can be readily formed by catalytic polymerization of propylene. Manufacture of polypropylene is largely dependent on the availability of raw materials. This, in turn, is dependent on crude oil and natural gas reserves. Polypropylene possesses beneficial properties such as high surface hardness, good tensile strength, and strong chemical resistance. As a result, it has gradually replaced other polyolefins in several applications. It is one of the most versatile polymers used in packaging, automobile, construction, electrical & electronics, and medical industries. Rising demand for polypropylene in the packaging industry is likely to augment the global polypropylene market in the next few years. Additionally, rising demand for lightweight vehicles is expected to drive growth of the polypropylene market during the forecast period. However, growing environmental issues and volatile raw material prices are projected to hamper growth of the market during the forecast period. Biobased polypropylene is likely to offer immense opportunities to polypropylene manufacturers from 2015 to 2023.
This report provides detailed analysis of the global polypropylene market in terms of volume (kilo tons) and revenue (US$ Mn) from 2014 to 2023. The market has been forecast for the period between 2015 and 2023, considering 2014 as the base year. The study also comprises drivers and restraints of the market and upcoming opportunities during the forecast period. The report offers detailed value chain analysis in order to measure value addition at each stage of the polypropylene value chain right from raw material suppliers to end-users. The report comprehends market attractiveness analysis and company market share analysis in order to provide a complete view of the market. The report analyzes the overall competition in the market through Porter’s Five Forces Model to study the impact of buyers, suppliers, new entrants, degree of competition, and substitutes. The report includes global average price trend analysis of polypropylene from 2014 to 2023.
The polypropylene market has been segmented on the basis of end-use industries, i.e., packaging, automotive, consumer products, electrical & electronics, construction, and others. Key regions considered in the report include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Each of these regions has been further analyzed on country level based on end-use demand for polypropylene from 2014 to 2023. The market numbers in the report have been derived based on demand for raw polypropylene in various end-user industries across all regions.
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