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The global polypropylene resin market is projected to grow at a CAGR of 6.04% to reach US$109.055 billion in 2024 from US$76.694 billion in 2018. Burgeoning demand for a number of PP products from end-user industries such as automotive, packaging, healthcare and etc. is augmenting the polypropylene resin market growth.
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Polypropylene Resin Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The global polypropylene resin market is projected to grow at a CAGR of 6.04% to reach US$109.055 billion in 2024 from US$76.694 billion in 2018. Polypropylene is a hugely versatile plastic due to its low cost, durability and excellent tolerance of both chemical substances and high temperature. The growth in polypropylene consumption is mainly driven by a combination of rapid economic development in emerging economies and steady growth in mature economies. Burgeoning demand for a number of PP products from end-user industries such as automotive, packaging, healthcare and etc. is augmenting the polypropylene resin market growth. Thus, the market is expected to grow at a substantial rate over the forecast period owing to the number of investments related to capacity expansion taking place in order to meet the growing demand from various industry verticals.
Key Questions Answered By The Report • What will be Polypropylene Resin Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Polypropylene Resin Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Polypropylene Resin Market are : • By Product • Sheets • Films • Pipes • OthersBy End-User Industry • Packaging • Building and Construction • Automotive • Oil and Gas • Healthcare • Others
Geography North AmericaUSACanadaMexicoSouth AmericaBrazilArgentinaOthersEuropeGermanyFranceUnited KingdomOthers
Geography Middle East and AfricaSaudi ArabiaIsraelOthersAsia PacificChinaJapanSouth KoreaIndiaOthers
COMPANY PROFILES • SABIC • Braskem • LyondellBasell Industries Holdings B.V. • Borealis AG • China Petroleum Corporation • Exxon Mobil Corporation • PetroChina Company Limited • Chevron Philips Chemical Company • INEOS • LG Chem • Formosa Plastics Corporation • Saudi Polymers LLC • Tasnee • Sumitomo Chemical Co., Ltd. • Reliance Industries Limited
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