Polypropylene(PP) Market to Expand in Asia-Pacific with Increasing Automobile Ma

Posted by Rushikesh Pise on January 10th, 2020

The global Polypropylene Market is poised to attain a market value of USD 122.31 billion by 2026, registering a CAGR of 5.5% during the forecast period. One of the key drivers of the polypropylene market growth is the rising demand for the polymer in the automotive industry. Polypropylene is widely used in automobile manufacturing owing to its moldable properties and low costs. Within this industry, this polymer is primarily used in fender lines, battery trays and cases, instrumental panels, and interior and door trims. Additionally, it offers a variety of other benefits, such as high chemical resistance and excellent impact balance, that make it a highly valuable material in the automotive industry.

List of prominent companies that are operating in the global polypropylene market are:

  •         Formosa Plastics Group
  •         China National Petroleum Corporation
  •         INEOS
  •         LyondellBasell
  •         Reliance Industries Limited
  •         ExxonMobil Chemical
  •         SABIC
  •         Dupont

According to the Fortune Business Insights report, titled “Polypropylene Market Size, Share & Industry Analysis, By Type (Homopolymer, Copolymer), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture, Others), and Regional Forecast, 2019-2026”, the market was valued at USD 79.85 billion in 2018. The report also contains an in-depth analysis and evaluation of the factors, trends, and dynamics that will influence the market during the forecast period.

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583

Polypropylene (PP) is a linear hydrocarbon resin that is essentially is a rigid, tough, and crystalline thermoplastic derived from propene monomer. It is one of the cheapest and the most widely used plastics available currently.


Like it? Share it!

Rushikesh Pise

About the Author

Rushikesh Pise
Joined: November 4th, 2019
Articles Posted: 81

More by this author