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Polypropylene Market to Register Substantial Expansion by 2024<br>
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©2019 Transparency Market Research, All Rights Reserved Polypropylene Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2023 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Global Polypropylene Market: Snapshot • Owing to the different advantages that polypropylene provides like low sealing, and high impact resistance, the global polypropylene market is estimated to witness remarkable growth in the years to come. • Polypropylene may be formed readily by catalytic polymerization and is therefore a thermoplastic polymer. Raw materials availability is a major factor required for the production of polypropylene and the availability of such raw materials is again dependent on the reserves of natural gasand crude oil. • Polypropylene is used for various purposes like medical industries, construction, automobile,and packagingindustry as well. • View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Construction Industry to Generate Significant Demand in the Global Propylene Market over the Forecast Period • it is significant to note here that construction volumes are all set to increase in the next 10 years, as per a study called Construction 2030,powered by PwC. It states that a 85% increase in volumes of construction are expected, which will lead to an increase in market worth , which will be pegged at aUSD 15.5trillion. • India, China, and the United States of America, will lead this growth chart, carving out a 57% share from the overall growth. • As per a study, about 2 billion people would be added to global populationbythe end ofthe yearof 2050. • REQUEST FOR COVID19 IMPACT ANALYSIS
©2019 Transparency Market Research, All Rights Reserved Packaging Sector to Offer Lucrative Growth Opportunities in Polypropylene Market • • The global polypropylene market is categorized on the basis of end users. With respect to end user segment, the market is categorized into construction, electrical and electronic, consumerproduct, packaging,and automotiveindustries. • Among these, the polypropylene market is seen to be drawing more revenue shares from packaging sector since it has use in various other industries like that of food andbeverage packaging. • This is because it provides several benefits like low sealing threshold, high impact resistance, good optical property and flexibility. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Major companies of the global polypropylene market • • • • • LyondellBasell Industries N.V Reliance Industries Limited INEOS Group Holdings BASF SE Borealis AG. ©2019 Transparency Market Research, All Rights Reserved
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