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PUBLISHER: The Business Research Company | PRODUCT CODE: 1209953

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1209953

Polypropylene-Plastic Material And Resins Global Market Report 2023

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PAGES: 175 Pages
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“Polypropylene-Plastic Material And Resins Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on polypropylene-plastic material and resins market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for polypropylene-plastic material and resins ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The polypropylene-plastic material and resins market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Homopolymer; Copolymer

3) By Application: Fiber; Film and Sheet; Raffia; Other Applications

2) By End User Industry: Packaging; Automotive; Consumer Products; Electrical and Electronics; Other End-user Industry

Companies Mentioned: Lyondellbasell; Sinopec; Sabic; Exxon Mobil; Braskem

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the polypropylene market are: Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, and Asahi Kasei Plastics.

The global polypropylene-plastic material and resins market will grow from $126.75 billion in 2022 to $138.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The polypropylene-plastic material and resins market is expected to grow from $192.13 billion in 2027 at a CAGR of 8.6%.

The polypropylene market consists of the sales of block copolymers, and random copolymers. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Polypropylene is a thermoplastic polymer produced by chain-growth polymerization of the monomer propylene and is used in automotive fittings and industrial fibers. It is resilient, resistant to fatigue, and highly resistant to most acids and alkalis.

Asia Pacific was the largest region in the polypropylene market in 2022. North America was the second-largest region in the polypropylene market. The regions covered in the polypropylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main product types of polypropylene are homopolymer and copolymer. A homopolymer is a polymer-like polyethylene that contains identical monomer units. The applications are fiber, film and sheet, raffia, and other applications. The end-use industries are packaging, automotive, consumer products, electrical and electronics, and other end-user industries.

Rising demand for thermoplastic materials has contributed to the growth of the polypropylene market. Due to their unique chemical properties, thermoplastic materials can be recycled and remolded without affecting their physical properties. As a result, thermoplastic materials are far more useful in a wide range of applications, including clothing, packaging, food, and beverages. Additionally, they are also used in heavy-duty applications such as the aerospace, military, and medical industries. According to American Freedonia Group data, the global Thermoplastic Elastomer (TPE) market surpassed $ 24 billion and market demand reached 6.7 million tons in 2019, which will grow at a rate of 5.2% every year in the future. The rising demand for thermoplastic materials increased the demand for the polypropylene market, thereby driving the market.

Variations in the prices of raw materials such as crude oil have always been a major challenge in the polypropylene market. Fluctuating crude oil prices increase the operating expenses, affecting the bottom lines of manufacturing companies in this market. For instance, according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA) in 2021, Brent crude oil prices averaged $62.26 per barrel and $60.74 per barrel in 2022. Crude oil is the main source of petrochemicals as plastics are produced primarily from petroleum products. Therefore, crude oil prices are one of the key factors affecting plastic costs, making them very volatile. Volatile prices thereby have a negative impact on the polypropylene market, affecting the market's growth.

Eco-friendly polypropylene compounds are increasingly being used due to strict government rules and regulations over recycling and environmental protection. The polypropylene compounds possess unique qualities, making them more favorable as an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitsui Chemicals Inc., and Prime Polymer, has developed new technologies and inventions to produce high-quality products that are environmentally friendly. With those advancements, GSC's polypropylene compounds are producing high-quality automobile parts such as consoles, instrument panels, bumpers, door panels, and various accessories.

In June 2021, LyondellBasell, a Dutch chemical company, acquired PolyPacific Polymers Sdn. Bhd for an undisclosed amount. This acquisition of PolyPacific Polymers Sdn. Bhd, the manufacturing site will undergo a complete transition involving a change in brand name and its employees will become LyondellBasell's employees. PolyPacific Polymers Sdn. Bhd. is an Australian-based company that manufactures, and markets reinforced and modified grades of polypropylene compounds.

The countries covered in the polypropylene market are: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The polypropylene market research report is one of a series of new reports from The Business Research Company that provides polypropylene market statistics, including polypropylene industry global market size, regional shares, competitors with a polypropylene market share, detailed polypropylene market segments, market trends and opportunities, and any further data you may need to thrive in the polypropylene industry. This polypropylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r1806

Table of Contents

1. Executive Summary

2. Polypropylene Market Characteristics

3. Polypropylene Market Trends And Strategies

4. Polypropylene Market - Macro Economic Scenario

4.1 COVID-19 Impact On Polypropylene Market

4.2 Ukraine-Russia War Impact On Polypropylene Market

4.3 Impact Of High Inflation On Polypropylene Market

5. Polypropylene Market Size And Growth

  • 5.1. Global Polypropylene Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Polypropylene Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Polypropylene Market Segmentation

  • 6.1. Global Polypropylene Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Homopolymer
  • Copolymer
  • 6.2. Global Polypropylene Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Packaging
  • Automotive
  • Consumer Products
  • Electrical and Electronics
  • Other End-Use Industry
  • 6.3. Global Polypropylene Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Fiber
  • Film and Sheet
  • Raffia
  • Other Applications

7. Polypropylene Market Regional And Country Analysis

  • 7.1. Global Polypropylene Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Polypropylene Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Polypropylene Market

  • 8.1. Asia-Pacific Polypropylene Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Polypropylene Market

  • 9.1. China Polypropylene Market Overview
  • 9.2. China Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Polypropylene Market

  • 10.1. India Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Polypropylene Market

  • 11.1. Japan Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Polypropylene Market

  • 12.1. Australia Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Polypropylene Market

  • 13.1. Indonesia Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Polypropylene Market

  • 14.1. South Korea Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Polypropylene Market

  • 15.1. Western Europe Polypropylene Market Overview
  • 15.2. Western Europe Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Polypropylene Market

  • 16.1. UK Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Polypropylene Market

  • 17.1. Germany Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Polypropylene Market

  • 18.1. France Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Polypropylene Market

  • 19.1. Eastern Europe Polypropylene Market Overview
  • 19.2. Eastern Europe Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Polypropylene Market

  • 20.1. Russia Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Polypropylene Market

  • 21.1. North America Polypropylene Market Overview
  • 21.2. North America Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Polypropylene Market

  • 22.1. USA Polypropylene Market Overview
  • 22.2. USA Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Polypropylene Market

  • 23.1. South America Polypropylene Market Overview
  • 23.2. South America Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Polypropylene Market

  • 24.1. Brazil Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Polypropylene Market

  • 25.1. Middle East Polypropylene Market Overview
  • 25.2. Middle East Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Polypropylene Market

  • 26.1. Africa Polypropylene Market Overview
  • 26.2. Africa Polypropylene Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Polypropylene Market Competitive Landscape And Company Profiles

  • 27.1. Polypropylene Market Competitive Landscape
  • 27.2. Polypropylene Market Company Profiles
    • 27.2.1. Lyondellbasell
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Sinopec
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Sabic
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Exxon Mobil
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Braskem
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Polypropylene Market

29. Polypropylene Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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