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Evaluating the COVID-19 Impact: Slump in Manufacturing Activity Hinders Polypropylene Sales During Outbreak, Says Future

The polypropylene market is projected to grow at a sluggish 3.3% CAGR, through the forecast period (2020-2030). The global pandemic has resulted in extensive restrictions on manufacturing industries around the world, including those in the electronics, automotive, construction, consumer goods, and industrial equipment sectors. This has affected the demand for plastic materials in addition to reducing production and processing activities, harming the polypropylene market in months to come. However, strong demand for polypropylene in end use verticals will aid in gradual recovery post the pandemic reveals FMI.

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Evaluating the COVID-19 Impact: Slump in Manufacturing Activity Hinders Polypropylene Sales During Outbreak, Says Future

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  1. Polypropylene Market JULY 2020 Report Id : REP-GB-449 Published on : 2020-06-13 Category : Chemicals and Materials www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework,and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Polypropylene Market Analysis The polypropylene market is projected to grow at a sluggish 3.3% CAGR, through the forecast period (2020-2030). The global pandemic has resulted in extensive restrictions on manufacturing industries around the world, including those in the electronics, automotive, construction, consumer goods, and industrial equipment sectors. This has affected the demand for plastic materials in addition to reducing production and processing activities, harming the polypropylene market in months to come. However, strong demand for polypropylene in end use verticals will aid in gradualrecovery post the pandemic reveals FMI. "Regulatory bodies such as FDA, and ASTM have released guidelines associated with the production and use of polypropylene. These regulations also cover applications in the food packaging sector with regards to the raw material and additives used in the production processes. These trends will remain key market influencers through and after the coronavirus pandemic," says the FMI analyst. Request report sample with 250+ pages to gain in-depth market insights at https://www.futuremarketinsights.com/reports/sample/rep- gb-449 Polypropylene Market - Key Takeaways • Applications in packaging industry are anticipatedto contribute substantiallyto market revenue, owing to twist retentionand stiffness. • Polypropylene is gaining traction in electrical and electronics owing to superior shock resistance. • Injection molding applications are dominatingthe industrywith widespread use in multiple verticals. • Asia Pacific will hold the lead ahead of North America and Europe owing to the presence of a massive manufacturing sector in the region, and supportive government initiatives. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Polypropylene Market Analysis Polypropylene Market - Key Driving Factors • Strong demand from myriad end use industries including automotive, construction, and textiles will impact the market positively. • Characteristics such as easy availability, chemical inertness, and physical resistance boost adoption rates. • Sustainability initiatives are driving material developments and the adoption of bio-based polypropylene. • High demand for low-weight, fuel efficient vehicles increase adoption of polypropylene in the automotive sector. Polypropylene Market - Key Constraints • Volatility in the prices of oil and natural gas resources is a key restraint for polypropylene manufacturers. • Strict regulations against plastic production and use, and environment concerns negatively impact the global market. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Polypropylene Market Analysis The AnticipatedImpact of COVID-19 As the pandemic has continued to tighten its grip on the world, the oil industry has gone into a freefall. Consequently, polypropylene, which is mostly derived from petrochemicals faces troubling times in the months ahead. A number of manufacturers have temporarily suspended production over concerns of worker safety. With such an unprecedented crisis, polypropylene producers are pushing for resource conservation. In addition, the high rate of polypropylene production in the pre-pandemic era has created a supply glut. However, the coronavirus has created a massive gap between supply and demand. Government bailouts can partially mitigate the effects of the outbreak. However, controlling the pandemic is essential for recovery to take place. Explore the global polypropylene market report with 97 illustrative figures, 33 data tables and the table of contents. You can also find a comprehensive market segmentationon https://www.futuremarketinsights.com/askus/rep-gb-449 CompetitionLandscape The polypropylene market is largely fragmented. Leading players in the polypropylene market include but are not limited to Chevron Philips Chemical Company, Braskem, Qatar Petrochemical Co., Japan Polypropylene Corporation, Washington Penn Plastic Co., BASF, PetroChina Co. Ltd., Sinopec, Fulton Pacific, Lyondell Basell Industries, INEOS, Reliance Industries Ltd., Bayer Material Science, Borealis AG, Total S.A., Exxon Mobil, DuPont, and SABIC. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Polypropylene Market Analysis Contact Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative Click here to Order a free sample For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Market Report: https://www.futuremarketinsights.com/reports/polypropylene-market Press Release Source: https://www.futuremarketinsights.com/press-release/polypropylene-market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

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