DUBLIN--(BUSINESS WIRE)--The "Polypropylene and Polypropylene Composites Market for Injection Molding, By Product and Polypropylene Composites), Fiber Type, and Application - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global polypropylene and polypropylene composites market for injection molding was valued at $54,703 million in 2016, and is projected to reach $78,381 million by 2023, growing at a CAGR of 5.1% from 2017 to 2023. The polypropylene (PP) segment accounted for more than 89% share of the global polypropylene and polypropylene composites market for injection molding in 2016.
Injection molded plastics have gained significant attention in the recent years, owing to their low waste production, material flexibility, wide range of applications, and low labor cost. Recent technological developments, such as computer-aided engineering and automation, in injection molding process have widened the scope of injection molded plastics in several applications. Injection molded polypropylene is used in food & beverage containers, owing to its high chemical resistance and translucent nature. Moreover, it is widely utilized in several end-use applications such as flexible packaging, rigid packaging, automotive, and consumer products.
Based on product, the market is segmented into polypropylene (PP) and polypropylene composites. The polypropylene composites segment is projected to be the most lucrative segment from 2017 to 2023, owing to their versatility, low cost, and high impact resistance. Furthermore, lightweight, high tensile strength, and recyclable nature polypropylene composites have encouraged automobile manufactures to use polypropylene composites in the exterior and interior parts of the automobile, thereby improving fuel efficiency and minimizing emissions.
On the basis of fiber type, the market is divided into glass fiber, carbon fiber, and others. The carbon fiber polypropylene composites segment is estimated to grow at the highest CAGR during the forecast period, due to high strength to weight ratio, corrosion resistance, fatigue resistance, and fire resistance properties of the carbon fiber polypropylene composites.
- Borealis AG
- Sumitomo Chemicals
- Exxon Mobil Corporation
- Sinopec Ltd
- Formosa Plastics Corporation
- Lyondell Basell Industries N.V.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summery
Chapter 3: Market Overview
Chapter 4: PP & PP Composites Market For Injection Molding, By Product
Chapter 5: PP & PP Composites Market For Injection Molding, By Fiber Type
Chapter 6: PP & PP Composites Market For Injection Molding, By APPlication
Chapter 7: PP & PP Composites Market For Injection Molding, By Region
Chapter 8: Company Profiles
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