Market Research Report
Polypropylene & High-impact Polystyrene Market By Application, By Material (Polypropylene, High-impact Polystyrene ): Global Opportunity Analysis and Industry Forecast, 2021-2031
|Polypropylene & High-impact Polystyrene Market By Application, By Material (Polypropylene, High-impact Polystyrene ): Global Opportunity Analysis and Industry Forecast, 2021-2031|
Published: May 1, 2022
Allied Market Research
Content info: 280 Pages
Delivery time: 2-3 business days
The global polypropylene & high-impact polystyrene market was valued at $49.6 billion in 2021, and is projected to reach $81.1 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
The thermoplastic polymers polypropylene (PP) and high-impact polystyrene (HIPS), often known as PS, were first commercially introduced in the 1950s. They both have a low cost per unit weight, good heat resistance, excellent electrical insulation properties, and a wide range of chemical resistance. HIPS can be found in foam cups or various building components, such as doors and windows frames, while PP is used to produce supermarket bags and other throwaway packaging.
Increase in building activities, the developing packaging industry, and rise in demand for consumer products and electronics, and domestic applications are some of the primary drivers for the market growth. In addition, the market witnesses a number of notable developments, including adoption of automation in the injection molding process, increase in the usage of lightweight materials, and increase in packaging innovations. Furthermore, strong demand for polypropylene and HIPS across a variety of end-use sectors, as well as growing awareness of the benefits of these materials in terms of sustainability over other options, such as glass or metal, drive the expansion of the market. Furthermore, increase in the number of recycling programs in wealthy economies is expected to boost the plastic usage globally.
The polypropylene & high-impact polystyrene market for injection molding is segmented on the basis of material, application, and region. By material, the market is segregated into polypropylene and high-impact polystyrene. On the basis of application, it is fragmented into consumer goods & electronics, household, packaging, horticulture & agriculture, construction, automotive, textile, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include:, LyondellBasell, SABIC, Exxon Mobil Corporation, INEOS, KISCO LTD., Innova, Resilient Plastics Pvt. Ltd., King Plastic Corporation, China Petroleum & Chemical Corporation (Sinopec Limited), and LG Chem. The global polypropylene & high-impact polystyrene market for injection molding report provides in-depth competitive analysis as well as profiles of these major players.
Impact of COVID-19 on Global Polypropylene & High-impact Polystyrene Market for Injection Molding
Key benefits for stakeholders
Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future estimations of the polypropylene & high-impact polystyrene market for injection molding from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.