Wilmington, Delaware, United States, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global polypropylene market is likely to develop at CAGR of 5.7% during forecast timeline, from 2019 to 2027. The global market is likely to touch value of US$ 164 Bn By 2027. Due of its exceptional chemical and mechanical properties, polypropylene is extensively used in the production of automobile components, packaging and branding, building materials, medical devices as well as a variety of research center hardware.
The demand analysis of polypropylene market estimates that the need for polypropylene substance in the packaging industry is expected to bolster the global polypropylene market in the near future. In this industry, sales of polypropylene market are unmistakably linked to rising consumption of packaged beverages and foods. Polypropylene is a good choice for food packaging solutions in the food and beverage industry as it helps lessen the likelihood of food degradation. Rising usage in the food and beverage industry is expected to be one of the emerging trends of the polypropylene market. It also has outstanding moisture absorption. In addition, the global polypropylene market is anticipated to grow quickly due to technological advancements and changing consumer preferences toward lightweight devices.
Request Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1664
Key Findings of Market Report
- Depending on end use, the global automotive industry is concentrating on developing materials to promote eco-friendliness in automobiles due to growing concern over environmental issues. Over a fourth of the combined discharge of ozone-depleting substances come from street transportation. Automotive light-weighting has become an obvious global trend as a result of growing awareness about ozone-depleting chemical emissions and energy security issues. This factor is likely to drive positive polypropylene market outlook.
- In terms of volume, Asia Pacific accounted for around 55% of the global polypropylene market in 2018 and is projected to increase its share by 2027. Due to growing demand in the packaging and automobile assembly industries, the Asia Pacific region is anticipated to open up significant lucrative avenues for the regional market. India, Japan, and China are prominent countries contributing toward regional market development due to steadily increasing usage of polypropylene in the automotive and food and beverage packaging applications in these countries.
Make an Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1664
Global Polypropylene Market: Key Players
Some of the key market players are
- Japan Polypropylene Corporation
- Exxon Mobil Corporation
- LyondellBasell Industries N.V.
- INEOS Group Holdings
- Saudi Basic Industries Corporation
- Formosa Plastics Corporation
Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=1664
Global Polypropylene Market: Segmentation
End Use
- Packaging
- Automotive
- Consumer products
- Electrical & electronics
- Construction
- Others
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Browse More Chemicals & Materials Market Reports by TMR:
Biostimulants Market - Biostimulants Market to Reach US$ 6.6 Bn By 2031
Lead-acid Battery Scrap Market - Lead-acid Battery Scrap Market to Reach US$ 28.8 Bn By 2031
Foundry Chemicals Market - Foundry Chemicals Market to Register CAGR of 2.6% from 2022 to 2031
Glycolic Acid Market - Glycolic Acid Market to Register CAGR of 7.23% from 2022 to 2031
Carbon Fiber Market - Carbon Fiber Market to Register CAGR of 6.8% from 2022 to 2031
Coil Coatings Market - Coil Coatings Market to Register CAGR of 5.2% from 2022 to 2031
Caustic Soda Market - Caustic Soda Market to Register CAGR of 3.7% from 2022 to 2031
Agricultural Biotechnology Market - Agricultural Biotechnology Market to Register CAGR of 9.5% from 2022 to 2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
