DUBLIN--(BUSINESS WIRE)--The "Polypropylene - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the Global Polypropylene market is accounted for $72.56 billion in 2017 and is expected to reach $126.89 billion by 2026 growing at a CAGR of 6.4%.
Increasing use of polypropylene in automotive industry, growing urbanization along with rising disposable income & changing lifestyle and high demand from growing end-use industries are some key factors fueling the market growth. However, factors such as growing environmental concerns and availability of other substitutes providing stiff competition are hindering the market.
Polypropylene, also known as polypropene, is a thermoplastic linear hydrocarbon polymer resin, with little or no unsaturation. Polypropylene is a flexible product because of which it is used in many industries such as toy making, automobile, carpeting, paper, and manufacturing of laboratory equipments. It has outstanding electrical and chemical resistance at high temperatures as it is a translucent and partly rigid material which does not present stress-cracking issues.
Amongst End User, the packaging industry acquired significant market share owing to its unique properties such as stiffness and twist retention making it an efficient material for packaging. For the consumer products segment polypropylene is widely used in packing of soaps, detergents and toiletries and also in the packing of some perishable food items such as yoghurt. Asia Pacific is likely to be the largest market and is also projected to grow at the highest CAGR during the forecast period due to the increasing demand from growing end-use industries.
- Borealis AG
- Sinopec Corporation
- Reliance Industries
- PetroChina Company Limited
- Japan Polypropylene Corporation
- Farmosa Plastics
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Polypropylene Market, By Type
6 Global Polypropylene Market, By Application
7 Global Polypropylene Market, By Product
8 Global Polypropylene Market, By Production Technology
9 Global Polypropylene Market, By End User
10 Global Polypropylene Market, By Geography
11 Key Developments
12 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/t5495s/global?w=4