Global Polypropylene Industry Expected To Continue Its Growth Momentum Reaching Approximately US $92 Billion in 2017 with A CAGR Of 3.7%
DUBLIN, August 2, 2013 /PRNewswire/ –
Research and Markets (http://www.researchandmarkets.com/research/qplfmp/global)
has announced the addition of the “Global Polypropylene Industry 2012-2017: Trend, Profit,
and Forecast Analysis” [http://www.researchandmarkets.com/research/qplfmp/global ] report
to their offering.
The polypropylene industry is consolidated and consists of high-density polypropylene,
linear low density polypropylene, and low-density polypropylene as segments. The Asia
Pacific (APAC) region dominates this industry, accounting for 55% of the global market. A
combination of factors such as demographic conditions, economic stability, and
environmental regulations has had a significant impact on the industry dynamics.
This research indicates that in 2011, the industry witnessed robust growth over 2010
due to the rise in polypropylene feedstock prices, such as the price of naphtha, which is
directly related to crude oil prices. The industry is moving toward consolidation as the
key companies develop expansion plans to seize future opportunities in the polypropylene
market, which ultimately consolidates the industry.
Continuous technological progress and strong R&D capabilities increased the
application of polypropylene, thereby acting as a driver for the industry’s growth. APAC
represents a sound growth market for the polypropylene
[http://www.researchandmarkets.com/research/qplfmp/global ] industry during the forecast
period due to changing food consumption patterns and increasing demand from emerging areas
within the region. As the study indicates, technological development improvement through
strong R&D activities is expected to drive the industry by leading to more innovative
products. Highly volatile feed stock prices and energy inputs for final products create
uncertainty and pose a challenge to the global polypropylene industry.
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