Lucintel Blog: Lucintel Forecasts Polypropylene Market to Reach $199.8 Billion by 2027

Thursday, July 14, 2022

Lucintel Forecasts Polypropylene Market to Reach $199.8 Billion by 2027

According to the recent study the Polypropylene Market is projected to reach an estimated $199.8 billion by 2027 from $149.7 billion in 2021, at a CAGR of 6.5% from 2021 to 2027. Growth in this market is primarily driven by increasing usage of plastics to reduce vehicle weight and enhance fuel economy and growing demand of polypropylene for flexible packaging.

Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in polypropylene market by type (homopolymer and copolymer), end use (packaging, consumer goods, automotive, healthcare, electronics, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/polypropylene-market.aspx

“Packaging market is expected to remain the largest segment during the forecast period.”

Based on end use, the polypropylene market is segmented into packaging, consumer goods, automotive, healthcare, electronics, construction, and others. Lucintel forecasts that the packaging market is expected to remain the largest segment due to growing usage in food packaging application as polypropylene does not leak chemicals into the food.

“Within the polypropylene market, the homopolymer segment is expected to remain the largest type.”

Based on type the homopolymer segment is expected to witness the highest growth over the forecast period due to its increasing usage in various applications due to its features like high strength, chemical resistance, and better elasticity.

“Asia pacific will dominate the polypropylene market in near future.”

Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increasing demand for polypropylene in packaging, automotive, building and construction, electrical & electronics, and medical industries in countries such as China and India.

Download Brochure of this report by clicking on https://www.lucintel.com/polypropylene-market.aspx

Major players of polypropylene market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. LyondellBasell, ExxonMobill. China National Petroleum Corp, INEOS, SABIC are among the major polypropylene providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polypropylene-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

Related reports

Low Dielectric Resin Market:

For more details click here https://www.lucintel.com/low-dielectric-resin-market.aspx

Bulk Continuous Filament Yarn Market:

For more details click here https://www.lucintel.com/bulk-continuous-filament-yarn-market.aspx

Ethylene Vinyl Acetate Market:

For more details click here https://www.lucintel.com/ethylene-vinyl-acetate-market.aspx

Polypropylene Compound Market:

For more details click here https://www.lucintel.com/polypropylene-compound-market.aspx

Flame Retardant Plastics Market:

For more details click here https://www.lucintel.com/flame-retardant-plastics-market.aspx