A new independent 92
page research with title 'Global Polypropylene Market 2017-2021’guarantees you will remain
better informed than your competition. The study covers geographic
analysis that includes regions like North America, Europe and Asia-Pacific,
South America, Middle East & Africa and important players/vendors such as Japan
PP, Koch Industries, MITSUI CHEMICALS AMERICA, Reliance Industries, SABIC,
Saudi Polymers,
etc.
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Polyolefin is a term
used to describe polymers that are derived from a group of base chemicals, for
example, olefins. PP is made by building up long chains of propylene monomers.
PP exhibits benefits such as high chemical resistance, low density, outstanding
property balance, and process versatility. PP is a thermoplastic polymer that
is used in a wide range of applications in various industries, such as
automotive, packaging, construction, consumer goods, and electrical and
electronics.
PP along with
polyethylene is part of the polyolefin family.
HTF’s analysts forecast
the global polypropylene market to grow at a CAGR of 5.42% during the period
2017-2021.
HTF recognizes the
following companies as the key players in the global polypropylene market:
Braskem, China Petrochemical, Exxon Mobil, INEOS Group Holdings, and
LyondellBasell Industries Holdings.
Other Prominent Vendors
in the market are: BASF, Borealis, Ducor
Petrochemicals, Formosa Plastics, Haldia Petrochemicals, HPCL-Mittal Energy
Limited (HMEL), Indian Oil Corporation, Japan PP, Koch Industries, MITSUI
CHEMICALS AMERICA, Reliance Industries, SABIC, Saudi Polymers, Total, and
Westlake Plastics.
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Commenting on the
report, an analyst from HTF’s team said: “One trend in the market is increasing
use of lightweight materials. There is an increase in the use of lightweight
materials, such as high strength steel, aluminum, composites, magnesium, and
plastics, in the aerospace industry. The global lightweight materials market is
expected to grow at a rate more than 8.5% during the forecast period and the
global plastic materials market is expected to grow at a CAGR more than 10%.”
According to the report,
one driver in the market is increase in global plastic recycling activities.
The recycling of plastic refers to the process that involves the recovery of
waste or scrap plastic and the reprocessing of materials. The PP market is
driven by global efforts to decrease the extent of plastic that is otherwise
wasted. The recycling of plastics involves the segregation of plastic into
different polymers, followed by the chipping and melting process. The global
market for recycled plastics is expected to grow at a CAGR of 4.31% during the
forecast period. The growth of the non-food-contact packaging segment for
recycled plastics is expected to be approximately 6% during the same period.
Further, the report
states that one challenge in the market is fluctuation in the price of raw
materials. The fluctuation in the price of raw materials has a negative impact
on players in the market that rely heavily on them during the manufacturing
process. The increase in the price of oil translates into the increase in the
cost of petroleum-based products, including plastics. For instance, the price
of PP had increased by 4.5% in December 2016, due to a hike in the price of
crude oil in India. The crude oil prices in November 2016 was $46.28 per
barrel, and increased to $54.10 per barrel in December 2016.
Table of Contents
PART 01: EXECUTIVE
PART 02: SCOPE OF THE
REPORT
PART 03: RESEARCH
METHODOLOGY
PART 04: INTRODUCTION
• Market outline
• Market segmentation
analysis
PART 05: MARKET SIZING
• Market size and
forecast 2016-2021
PART 06: FIVE FORCES
ANALYSIS
PART 07: MARKET SEGMENTATION
BY APPLICATION
• Segmentation by
application
PART 08: MARKET
SEGMENTATION BY END-USER
• Segmentation by
end-user
• Comparison by end-user
• Packaging – Market
size and forecast 2016-2021
• Automotive – Market
size and forecast 2016-2021
• Electrical and
electronics– Market size and forecast 2016-2021
• Construction – Market
size and forecast 2016-2021
• Other industries –
Market size and forecast 2016-2021
View Detailed Table of
Content @ https://www.htfmarketreport.com/reports/822171-global-polypropylene-market-5
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article, you can also get individual chapter wise section or region wise report
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