Global Polypropylene Market is Expected to Reach USD 124.01 Billion in 2019: Transparency Market Research
ALBANY, New York, February 26, 2014 /PRNewswire/ –
According to a new market report published by Transparency Market Research
“Polypropylene Market For Packaging, Automotive, Consumer Products, Electrical &
Electronics, Construction and Other End-User Industries – Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 – 2019″, the global polypropylene market was
valued at USD 77.46 billion in 2012 and is expected to reach USD 124.01 billion by 2019,
growing at a CAGR of 6.3% from 2013 to 2019.
Browse Global Polypropylene Market Report with Full TOC at
Growing demand from end-use industries such as packaging, automotive and consumer
products is expected to drive the polypropylene market. In addition, factors such as
changing lifestyles and increasing disposable incomes in Asia Pacific are further driving
the market for various end-use industries. However, growing environmental issues and
volatile raw material prices are expected to inhibit the market growth. Increasing demand
for bio-based polypropylene has shifted the focus of polypropylene manufacturers from
synthetic to bio-based polypropylene.
Packaging emerged as the largest and fastest growing end-use segment and accounted for
over 50% of the total market in 2012. Changing consumer food habits and high competition
in consumer products sector in emerging economies is expected to escalate market growth.
Automotive was the second largest end-use industry in terms of volume and is expected to
grow at a CAGR of 5.7% from 2013 to 2019. The demand of polypropylene in consumer products
was 7.1 million tons in 2012.
China dominated the polypropylene market that was valued at USD 23.73 billion in 2012.
It is expected to be the fastest growing market due to high demand of polypropylene from
end-use industries. The consumption of polypropylene is phenomenal in automotive
industries of Europe. The European market in terms of revenue is expected to grow at a
CAGR of 5.9% from 2013 to 2019. The demand for polypropylene in Rest of Asia Pacific was
7.01 million tons in 2012. Product innovation and capacity addition is expected to drive
the market growth.
The global polypropylene market
[http://www.transparencymarketresearch.com/polypropylene-market.html ] is highly fragmented
as top five players accounted for nearly 35% of the market in 2012. Some of the major
players which dominated the market include Braskem, LyondellBasell, INEOS, Sinopec, SABIC,
PetroChina, Reliance Industries Limited and Borealis among others.
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This report segments the global polypropylene market as follows:
- Polypropylene Market: End-User Industries Analysis - Packaging - Automotive - Consumer products - Electrical & electronics - Construction - Others (Agriculture, medical, furniture, etc) - Polypropylene Market: Regional Analysis - North America - Europe - China - Rest of Asia Pacific - Rest of the World
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