PP Homopolymer Market Size, Share, Demand, Growth & Trends by 2032

-

 The global PP homopolymer market is projected to reach a value of US$ 98,431.4 Mn by 2032, with the market growing at an average CAGR of 4.8% over the forecast period of 2022 to 2032. Growing from an estimated US$ 61,591.5 Mn in 2022, the PP homopolymer market is driven by the heightened demand for the product from the packaging, textile, and electronic industries. The extensive usage of PP homopolymer in the packaging industry along with the ever-expanding e-commerce will augment the sales of the product in the international product.

In recent years, there’s been a notable rise in the adoption of PP homopolymer in construction, automotive, and electrical industries due to its high strength, enhanced chemical resistance and weldability. The growing need for high end packaging in retail sector is also contributing to the the consumption of high quality polymers which in turn propels the growth of PP homopolymer market.

Spearheading the market growth for PP homopolymer is flexible packaging for clothes, food, and other goods along with hard packaging for small to medium-sized storage used in FMCG products. Also, more and more consumers are buying goods from online businesses, boosting the market growth of e-commerce which in turn substantially improves the market prospects for PP homopolymer. In addition to all this, the target market also avails several profitable opportunities from the automotive sector.

Polypropylene homopolymer or PP homopolymer aids in weight reduction, cost reduction, and innovation with respect to design of interior and exterior products in automobiles. Polypropylene homopolymer is also corrosion and scratch resistant increasing the range of applications in the automobile sector. All these factors bode well for the future possibilities of the PP homopolymer market during this projected period.

Get Your 30% Discount Now! Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2122

“Rising adoption of PP homopolymer in the packaging and automobile industry is expected to bolster the market growth of the same over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • The growing retail and e-commerce industry will likely fortify market prospects.
  • The PP homopolymer market in China is driven by immense demand from the packaging sector.
  • The United States is predicted to acquire 13.7% of the global market shares.
  • In terms of processing technology, injection molding is set to hold about 39.6% share of the market sales.
  • Packaging industry to account for 42.3% of the global market share.

Competitive Landscape 

LyondellBasell Industries N.V, Reliance Industries Limited., Braskem S.A, INEOS Group Ltd., ExxonMobil Corporation, Borealis AG, Total Petrochemicals USA Inc., Sasol Limited, IRPC Public Company Limited, National Petrochemical Industrial Company, Polyolefin Company, L.C.Y. Chemical Corporation and others are some of the major players in the PP homopolymer market that are profiled in the full version of the report.

Major market players are concentrating adopting alternative distribution channels and on innovation within the value chain. These businesses are focused on sustainability and extending their manufacturing facilities to enhance their international market presence.

More Insights into PP Homopolymer Market Report

In its latest report, FMI offers an unbiased analysis of the global PP homopolymer market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of processing technology (injection molding, film, other extrusion, fiber, others (blow molding, sheet)), end use (packaging (flexible packaging, rigid packaging), electrical and electronics, textile, automotive, building and construction, others), and region.

According to the latest FMI reports, based on region, the PP homopolymer market in China is predicted to undergo significant growth over the forecast period. The country is expected to be one of the prime consumers of the product. The escalating demand from the packaging and the automobile industry is driving the market growth in this region. Along with China, the U.S. PP homopolymer market is anticipated to exhibit impressive growth. The country is expected to account for about 13.7% of the global market share during the forecast period, driven by the expanding food industry.

Based on segmentation, by processing technology, the injection molding segment and the packaging industry, in terms of end use, are expected to lead the market growth during the forecast period.

PP Homopolymer Market by Category

By Processing Technology:

  • Injection Moulding
  • Film
  • Other Extrusion
  • Fiber
  • Others
    • Blow Moulding
    • sheet

By End Use:

  • Packaging
    • Flexible Packaging
    • Rigid Packaging
  • Electrical & Electronics
  • Textile
  • Automotive
  • Building & Construction
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa
Browse Full Report: https://www.futuremarketinsights.com/reports/pp-homopolymer-market

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the
Read more