DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g94g2c/synthetic_and) has announced the addition of the "Synthetic and Bio-Based Polypropylene Market Analysis By Application (Injection Molding, Textiles and Films) And Segment Forecasts To 2022" report to their offering.
Global polypropylene market demand was 55.83 million tons in 2013
Strong end-use industries demand is slated to positively impact the global polypropylene market over the forecast period. Polypropylene has several applications spread across numerous industries, making it an indispensable product. Strong demand from end-use industries such as automotives, construction, packaging and textiles are presumed to positively impact the global polypropylene market. Multiple inherent positive characteristics such as easy raw material availability, superior physical properties and chemical inertness are projected to drive the global market.
The industry is closely integrated with the global hydrocarbon industry. Propene, a refinery by-product and one of the most important petrochemical feedstock is the raw material for polypropylene. Thus, volatile oil and natural gas prices negatively impact the global market. Such volatility affects profitability and operational costs, thus hampering the global polypropylene market growth. Stringent regulations and directives against plastics usage owing to their hazardous impact on the environment during production and disposal are anticipated to retard the global market.
Agencies such as FDA, REACH and ASTM have issued several directives concerning polypropylene usage and manufacturing. FDA and REACH have issued regulations governing the polypropylene film applications in food packaging. REACH has issued regulations governing the raw material used and the additives added in the manufacturing process. Shifting consumer trends towards bio-based propylene consumption coupled with favorable government initiatives are key factors capable of shaping the polypropylene industry in the future. Growing conventional polypropylene substitution by bio-based polypropylene is touted retard the global market development over the forecast period. R&D initiatives regarding cleaner disposal and manufacturing offer ample opportunities for the industry participants.
Injection molding dominated the global application market over the recent past. Injection molding applications are spread across various industries such as automotives, packaging, construction, furniture, consumer goods, medical equipments and electronics. Emerging regions are touted to witness strong polypropylene applications demand owing to several key factors. These key factors include government initiatives to encourage infrastructure development, rapid industrialization, urbanization and increasing disposable income. Other key applications include textiles and film applications. Film applications are projected to witness the highest CAGR with 5.7% over the forecast period ahead of injection molding and textiles. Injection molding dominated the global polypropylene market valuation over the recent years. Similar to market demand, film applications are estimated to witness the highest market valuation growth over the forecast period followed by injection molding.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Polypropylene Industry Outlook
Chapter 4 Polypropylene (PP) Application Outlook
Chapter 5 Polypropylene (PP) Regional Outlook
Chapter 6 Competitive Landscape
- Japan Polypropylene Corporation
- China Petroleum & Chemical Corporation (Sinopec)
- Reliance Industries Limited
- Borealis AG
- LyondellBasell Industries
- Bayer Material Science
- Sumitomo Chemical Company Ltd.
- Fulton Pacific
- PetroChina Company Limited
- Washington Penn Plastic Company, Inc.
- Qatar Petrochemical Company (QAPCO)
- Chevron Phillips Chemical Company
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