PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1237135
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1237135
Asia-Pacific Recycled Propylene Market - By Process ; By Source ; By Application ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Asia-Pacific Recycled Propylene Market Size Grows at Significant CAGR of 7.2% During 2023-2029.
Asia-Pacific recycled propylene market is flourishing because of an increasing demand for the product from the thriving construction sector and high adoption of propylene in the packaging industry.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Asia-Pacific recycled propylene market size to grow at a significant CAGR of 7.22% during the forecast period between 2023 and 2029. Major growth factors of Asia-Pacific recycled propylene market include increasing environmental concerns and growing usage recycled plastics in numerous applications. The usage of recycled plastics minimizes trash in landfills, aids in the preservation of biodiversity and energy, and prevents pollution. As a result, end-use industries, such as building & construction, packaging, electric & electronics, textiles, and automotive are increasingly use recycled plastics. Stringent recycling policies in China, which once had the highest percentage of recovered plastics in the world, are causing manufacturers of recycled plastics to relocate to Indonesia, resulting to increased output and consumption in the country. Because of the capacity of plastic to replace traditional metal and wooden parts in vehicles, the automotive, building & construction, and packaging industries are expected to boost product demand over the forecast period, owing to the country's expanding purchasing power and disposable income. The construction of residential, industrial, commercial, and public infrastructure is also assisting the growth of Asia-Pacific recycled propylene market during the forecast period. However, lack of proper infrastructure and stringent government laws are anticipated to restrain the growth of recycled propylene market in Asia Pacific.
Asia-Pacific Recycled Propylene Market - Overview:
The recycled propylene is also known as a biodegradable thermoplastic polymer. It is a strong substance that is classified as semi-rigid. It has features such as low density, high strength, and anticorrosion. Packaging, plastic parts, textile, industrial fibers, laboratory equipment, labels, stationery, and so on are examples of applications. PET emits 75% less CO2 throughout the textile garment manufacturing process than virgin polyester, which is further propelling the market. Polypropylene recycling is the process of recovering polypropylene plastic from discarded or waste materials.
Impact of COVID-19 on Asia-Pacific Recycled Propylene Market
COVID-19 had a detrimental impact on recycled propylene market across Asia Pacific. With the enforcement of stringent travel restrictions and lockdowns by governments across Asia Pacific to combat the spread of virus, the market witnessed difficulties in collecting plastic trash and processing operations, such as recycling, as most manufacturing was shut down. Also, supply chain interruption impacted the transfer of raw materials and goods across several nations, resulting in enormous financial losses for the major market participants and decreased demand for plastic across multiple industries. However, when the number of COVID-19 instances decreased, governments in several Asia-Pacific countries relaxed restrictions and permitted the resumption of business activities, allowing the market to recover from losses and resume its normal pace.
Asia-Pacific Recycled Propylene Market - By Process:
By process, Asia-Pacific recycled propylene market is bifurcated into Mechanical and Chemical segments. The mechanical segment is expected to hold a higher market share during the period in analysis. Mechanical recycling is more efficient, saves money, and has shorter lead times than chemical recycling. Polypropylene may be recycled because it is a thermoplastic that can be melted and reformatted. This can be accomplished using mechanical means such as grinding, washing, and extruding the material. Mechanical recycling is appropriate for packaging films, fibers, containers, and automobile parts. Furthermore, mechanical recycling of polypropylene yields high-quality recycled material with little deterioration. Furthermore, rising demand for recycled polypropylene in automotive, packaging, and other sectors will fuel the mechanical segment's rise in the polypropylene recycling market during the forecast period.
Competitive Landscape:
Major players operating in Asia-Pacific recycled propylene market include: LyondellBasell Industries Holdings B.V, Haldia Petrochemicals Limited, Reliance Industries Limited, Westlake Chemical Corporation, Formosa Plastics Corporation, Custom Polymers Inc., and Joe's Plastic Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific Recycled Propylene Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Recycled Propylene Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. APAC Recycled Propylene Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Demand for Packaging Sector
- 3.2.1.2. Rising Demand from the Construction Sector
- 3.2.2. Restraints
- 3.2.2.1. Lack of Proper Infrastructure
- 3.2.3. Opportunities
- 3.2.3.1. Adopting Advancements in Technology
- 3.2.4. Challenges
- 3.2.4.1. Stringent Government Laws
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. APAC Recycled Propylene Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Process
- 4.2.1.1. Mechanical
- 4.2.1.2. Chemical
- 4.2.2. By Source
- 4.2.2.1. Bottles & Containers
- 4.2.2.2. Films
- 4.2.2.3. Bags
- 4.2.2.4. Foams
- 4.2.2.5. Industrial & Agricultural Waste
- 4.2.2.6. Others
- 4.2.3. By Application
- 4.2.3.1. Packaging
- 4.2.3.2. Automobile
- 4.2.3.3. Building & Construction
- 4.2.3.4. Textiles
- 4.2.3.5. Pharmaceuticals
- 4.2.3.6. Electronics
- 4.2.3.7. Others
- 4.2.4. By Country
- 4.2.4.1. China
- 4.2.4.2. India
- 4.2.4.3. Japan
- 4.2.4.4. South Korea
- 4.2.4.5. Australia & New Zealand
- 4.2.4.6. Indonesia
- 4.2.4.7. Malaysia
- 4.2.4.8. Singapore
- 4.2.4.9. Philippines
- 4.2.4.10. Vietnam
- 4.2.4.11. Rest of APAC
- 4.2.1. By Process
5. China Recycled Propylene Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Process
- 5.2.2. By Source
- 5.2.3. By Application
6. India Recycled Propylene Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Process
- 6.2.2. By Source
- 6.2.3. By Application
7. Japan Recycled Propylene Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Process
- 7.2.2. By Source
- 7.2.3. By Application
8. South Korea Recycled Propylene Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Process
- 8.2.2. By Source
- 8.2.3. By Application
9. Australia & New Zealand Recycled Propylene Market
- 9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Process
- 9.2.2. By Source
- 9.2.3. By Application
10. Indonesia Recycled Propylene Market
- 10.1. Market Size & Forecast, 2019-2029
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Process
- 10.2.2. By Source
- 10.2.3. By Application
11. Malaysia Recycled Propylene Market
- 11.1. Market Size & Forecast, 2019-2029
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Process
- 11.2.2. By Source
- 11.2.3. By Application
12. Singapore Recycled Propylene Market
- 12.1. Market Size & Forecast, 2019-2029
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Process
- 12.2.2. By Source
- 12.2.3. By Application
13. Philippines Recycled Propylene Market
- 13.1. Market Size & Forecast, 2019-2029
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Process
- 13.2.2. By Source
- 13.2.3. By Application
14. Vietnam Recycled Propylene Market
- 14.1. Market Size & Forecast, 2019-2029
- 14.1.1. By Value (USD Million)
- 14.2. Market Share & Forecast
- 14.2.1. By Process
- 14.2.2. By Source
- 14.2.3. By Application
15. Rest of APAC Recycled Propylene Market
- 15.1. Market Size & Forecast, 2019-2029
- 15.1.1. By Value (USD Million)
- 15.2. Market Share & Forecast
- 15.2.1. By Process
- 15.2.2. By Source
- 15.2.3. By Application
16. Competitive Landscape
- 16.1. List of Key Players and Their Offerings
- 16.2. Asia-Pacific Recycled Propylene Company Market Share Analysis, 2022
- 16.3. Competitive Benchmarking, By Operating Parameters
- 16.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
17. Impact of Covid-19 on Asia-Pacific Recycled Propylene Market
18. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 18.1. LyondellBasell Industries Holdings B.V
- 18.2. Haldia Petrochemicals Limited
- 18.3. Reliance Industries Limited
- 18.4. Westlake Chemical Corporation
- 18.5. Formosa Plastics Corporation
- 18.6. Custom Polymers Inc.
- 18.7. Joe's Plastic Inc.
- 18.8. Other Prominent Players
19. Key Strategic Recommendations
20. Research Methodology
- 20.1. Qualitative Research
- 20.1.1. Primary & Secondary Research
- 20.2. Quantitative Research
- 20.3. Market Breakdown & Data Triangulation
- 20.3.1. Secondary Research
- 20.3.2. Primary Research
- 20.4. Breakdown of Primary Research Respondents, By Region
- 20.5. Assumptions & Limitations
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Asia-Pacific Recycled Propylene Segmentation
- Figure 2 Asia-Pacific Recycled Propylene Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Asia-Pacific Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 5 Asia-Pacific Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 6 Asia-Pacific Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 7 Asia-Pacific Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 8 Asia-Pacific Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 9 Asia-Pacific Recycled Propylene Market Share, By Country, By Value, 2019-2029
- Figure 10 China Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 11 China Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 12 China Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 13 China Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 14 China Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 15 India Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 16 India Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 17 India Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 18 India Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 19 India Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 20 Japan Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 21 Japan Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 22 Japan Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 23 Japan Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 24 Japan Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 25 South Korea Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 26 South Korea Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 27 South Korea Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 28 South Korea Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 29 South Korea Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 30 Australia & New Zealand Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 31 Australia & New Zealand Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 32 Australia & New Zealand Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 33 Australia & New Zealand Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 34 Australia & New Zealand Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 35 Indonesia Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 36 Indonesia Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 37 Indonesia Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 38 Indonesia Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 39 Indonesia Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 40 Malaysia Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 41 Malaysia Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 42 Malaysia Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 43 Malaysia Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 44 Malaysia Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 45 Singapore Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 46 Singapore Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 47 Singapore Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 48 Singapore Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 49 Singapore Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 50 Philippines Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 51 Philippines Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 52 Philippines Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 53 Philippines Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 54 Philippines Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 55 Vietnam Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 56 Vietnam Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 57 Vietnam Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 58 Vietnam Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 59 Vietnam Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
- Figure 60 Rest of APAC Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Figure 61 Rest of APAC Recycled Propylene Market Share, By Process, By Value, 2019-2029
- Figure 62 Rest of APAC Recycled Propylene Market Share, By Source, By Value, 2019-2029
- Figure 63 Rest of APAC Recycled Propylene Market Share, By Application, By Value, 2019-2029
- Figure 64 Rest of APAC Recycled Propylene Market Share, By Sales Channel, By Value, 2019-2029
List of Tables
- Table 1 Asia-Pacific Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 2 Asia-Pacific Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 3 Asia-Pacific Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 4 Asia-Pacific Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 5 Asia-Pacific Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 6 Asia-Pacific Recycled Propylene Market Size, By Country, By Value, 2019-2029
- Table 7 China Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 8 China Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 9 China Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 10 China Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 11 China Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 12 India Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 13 India Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 14 India Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 15 India Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 16 India Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 17 Japan Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 18 Japan Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 19 Japan Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 20 Japan Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 21 Japan Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 22 South Korea Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 23 South Korea Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 24 South Korea Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 25 South Korea Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 26 South Korea Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 27 Australia & New Zealand Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 28 Australia & New Zealand Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 29 Australia & New Zealand Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 30 Australia & New Zealand Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 31 Australia & New Zealand Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 32 Indonesia Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 33 Indonesia Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 34 Indonesia Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 35 Indonesia Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 36 Indonesia Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 37 Malaysia Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 38 Malaysia Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 39 Malaysia Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 40 Malaysia Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 41 Malaysia Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 42 Singapore Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 43 Singapore Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 44 Singapore Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 45 Singapore Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 46 Singapore Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 47 Philippines Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 48 Philippines Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 49 Philippines Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 50 Philippines Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 51 Philippines Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 52 Vietnam Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 53 Vietnam Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 54 Vietnam Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 55 Vietnam Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 56 Vietnam Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 57 Rest of APAC Recycled Propylene Market Size, By Value (USD Million), 2019-2029
- Table 58 Rest of APAC Recycled Propylene Market Size, By Process, By Value, 2019-2029
- Table 59 Rest of APAC Recycled Propylene Market Size, By Source, By Value, 2019-2029
- Table 60 Rest of APAC Recycled Propylene Market Size, By Application, By Value, 2019-2029
- Table 61 Rest of APAC Recycled Propylene Market Size, By Sales Channel, By Value, 2019-2029
- Table 62 LyondellBasell Industries Holdings B.V Company Overview
- Table 63 LyondellBasell Industries Holdings B.V Financial Overview
- Table 64 Haldia Petrochemicals Limited Company Overview
- Table 65 Haldia Petrochemicals Limited Financial Overview
- Table 66 Reliance Industries Limited Company Overview
- Table 67 Reliance Industries Limited Financial Overview
- Table 68 Westlake Chemical Corporation Company Overview
- Table 69 Westlake Chemical Corporation Financial Overview
- Table 70 Formosa Plastics Corporation Company Overview
- Table 71 Formosa Plastics Corporation Financial Overview
- Table 72 Custom Polymers Inc. Company Overview
- Table 73 Custom Polymers Inc. Financial Overview
- Table 74 Joe's Plastic Inc. Company Overview
- Table 75 Joe's Plastic Inc. Financial Overview
