November 24, 2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Polypropylene Market over the trend period from 2016 to 2020 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Polypropylene Market Overview:
The Polypropylene Market was estimated at USD 121.86 Billion in 2021 and is likely to grow at a CAGR of 3.37 % from 2022-2028 to reach USD 153.99 Billion in 2028.
Key Players
Some of the major suppliers are
• LyondellBasell Industries Holdings B.V.
• Exxon Mobil Corporation
• SABIC
• DuPont
• INEOS
• Formosa Plastics Corporation
• China Petrochemical Corporation
• LG Chem
• Eastman Chemical Company
• BASF SE
• Reliance Industries Limited
• Westlake Chemical Corporation
• Braskem, Haldia Petrochemicals Limited
• Lotte Chemical UK LTD
• Trinseo, HPCL- Mittal Energy Limited
• Brahmaputra Cracker
• Polymer Limited
• SACO AEI Polymers
The Polypropylene Market is segmented by–
• By Type (Homopolymer and Copolymer),
• By Application Type (Injection Molding, Fiber & Raffia, Film & Sheet, and Blow Molding)
• By End-Use Industry Type (Packaging, Automotive, Building & Construction, Electrical & Electronics, Medical, and Others)
• By Region (North America, Europe, Asia-Pacific, and Rest of the World)
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Driver
The prime factors that are driving the polypropylene market are expanding application range, technological advancements, and a surge in demand from the Asia-Pacific region.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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