Market Research

Polypropylene Market to Generate Revenue Worth $226.8 Billion by 2030

Jul 17, 2020 3:00 PM ET

iCrowd Newswire – Jul 17, 2020

By 2030, the global polypropylene market will be worth $226.8 billion, growing with a 5.7% CAGR from 2020 to 2030. The key reasons behind the increasing sale of this plastic are its wide usage in the packaging sector and rising demand for nonwoven polypropylene fiber.

Due to the lockdown initiated in the wake of the COVID-19 pandemic, the polypropylene market has been negatively affected. The production of the plastic has halted in the infected countries, whereas the demand for packaging material has also come down, as people are no longer purchasing non-essential stuff. However, due to the growing burden on the healthcare sector, the demand for gloves, N95 masks, and syringe plungers made of polypropylene has risen manifold.

Request to get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/polypropylene-market-report/report-sample

Market research firm P&S Intelligence has made the following major propylene market projections for the next 10 years:

  • Injection molding to be the largest application area of the plastic
  • Highest polypropylene demand to come from the packaging sector
  • Asia-Pacific (APAC) to be the most lucrative region for market players

The consumption of the plastic for injection molding will be higher than raffia, film & sheet, blow molding, fiber, and other purposes, on account of its extremely low density, which ranges between 0.895 and 0.92 g/cm. This enables the plastic to be cast into various shapes and sizes, using the injection molding process, to create automotive & marine parts, household goods, and recreational vehicle (RV) products.

Pre-purchased enquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=polypropylene-market-report

The major reasons behind APAC dominating the polypropylene market in the future would be the government support for sustainable polypropylene packaging and growing investments for research and development (R&D). Moreover, the expanding automotive, construction, textile, and packaging sectors in the regional countries are driving the consumption of this plastic.

The research includes detailed analysis of;

Based on Type

  • Homopolymer
  • Copolymer
    • Random
    • Block

Based on Application

  • Homopolymer
  • Injection Molding
  • Film & Sheet
  • Raffia
  • Fiber
  • Blow Molding

Based on End Use

  • Packaging
  • Electrical
  • Medical
  • Consumer Goods
  • Automotive
  • Construction

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Poland
    • Belgium & Luxembourg
    • Netherlands
    • Russia
  • Asia-Pacific (APAC)
    • China
    • India
    • Korea
    • Japan
    • Thailand
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Turkey
    • U.A.E.
    • Iran
    • Africa

Browse More Reports by P&S Intelliegence

Chlorine Market Research Report
The chlorine market size stood at $36,845.0 million in 2019, and is expected to demonstrate a CAGR of 5.2% during the forecast period (2020–2030). Some of the key growth factors of the chlorine industry include rising consumption of the compound for water treatment applications and increasing demand for polyvinyl chloride (PVC).
https://www.psmarketresearch.com/market-analysis/chlorine-market

Titanium dioxide Market Research Report
The global titanium dioxide market size was $15,020.1 million in 2019, and it is projected to witness a CAGR of 4.5% during the forecast period (2020–2030). The increasing demand for this compound is majorly attributed to the rising consumption of pigments in the coatings industry, owing to their ability to scatter visible light and impart brightness, opacity, and whiteness.
https://www.psmarketresearch.com/market-analysis/titanium-dioxide-market

Plastic Recycling Market Research Report
Valued at $41,238.8 million in 2018, the global plastic recycling market is projected to surpass $64,139.7 million by 2024, witnessing a CAGR of 8.6% between 2019 and 2024. Among all regions, Europe is expected to witness the fastest growth in the industry during the forecast period.
https://www.psmarketresearch.com/market-analysis/plastic-recycling-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence
International: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com

Contact Information:

[email protected]


iCrowdNewswire

Keywords:    Polypropylene Market, Polypropylene Market Growth, Polypropylene Market Size, Polypropylene Market Share