Polypropylene Market Report

Polypropylene Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

Format: PDF  |  Report ID: 664

Polypropylene also known as polypropene, is a thermoplastic linear hydrocarbon polymer resin, with little or no unsaturation. It is a semi rigid and translucent material which does not presents stress-cracking problems and offers excellent chemical and electrical resistance at high temperatures. Polypropylene is a versatile product because of which it is used in numerous industries such as toy making, automobile, carpeting, paper, and manufacturing of laboratory equipments.  It is easy to customize and can be coloured in various ways without degrading the original quality of the plastic. Besides, it is a good alternative to other types of plastics as it does not contains Bisphenol A (BPA). BPA is not a safe option for packaging as it is an endocrine disruptor leading to various health issues such as diabetes, heart diseases, hormone and brain development problems in young children and foetuses.  The rising demand of polypropylene from end use industries such as construction and especially automobile owing to the increasing demand for light weight vehicles is driving the global polypropylene market.

The market of polypropylene on the basis of end-use is segmented into construction, consumer products, packaging, electrical & electronics, and automotive. The packaging industry is the largest market for polypropylene owing to its unique properties such as stiffness and twist retention making it an efficient material for packaging. For the consumer products segment polypropylene is extensively used in packing of soaps, detergents and toiletries and also in the packing of some perishable food items such as yoghurt. In the electrical and electronics segment it is used in the production of switch boards, insulation cables, and capacitors because of its high electric shock resistance. Automobile industry uses polypropylene because of its moldability, mechanical properties and the availability in lower cost as compared to other plastics.

On the basis of region the market is segmented into North America, Europe, Asia Pacific and RoW. Asia Pacific is the largest market for polypropylene owing to the high demand from growing end-use industries. Demand in Europe is expected to rise as manufacturers of this region are gradually using polypropylene more than the conventional materials like glass and metal.

The major players in the global propylene market are LyondellBasell, BASF AG, Braskem, Japan Polypropylene Corporation, SABIC (Saudi Basic Industries Corporation), China Petroleum & Chemical Corporation (Sinopec), Total Refining and Chemicals Business, Reliance Industries Limited, INEOS Olefins and Polymers Europe, Borealis AG, ExxonMobil Chemical, PetroChina Co. Ltd.

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