Research and Markets: Polypropylene Market 2013-2019 – Packaging, Automotive, Consumer Products, Electrical & Electronics, Construction and Other End-User Industry Analysis
October 22, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/ljp2gs/polypropylene) has announced the addition of the “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” report to their offering.
Increasing demand for polypropylene in the food & beverages packaging industry coupled with rising demand for lightweight vehicles is expected to boost growth of the polypropylene market in the next few years.
However, increasing concern about adverse effects of plastics on the environment and volatile raw material prices are likely to restrain growth of the polypropylene market. Polypropylene manufacturers are shifting their focus toward biobased polypropylene and are likely to provide significant opportunities by 2023.
In terms of volume, packaging was the largest and fastest-growing segment of the global polypropylene market, accounting for more than 45% share in 2014. Polypropylene has distinguished utilities in both flexible and rigid packaging due to its ability to resist strong chemicals and high temperature. Automotive emerged as the second-largest segment of the global polypropylene market in 2014. Robust demand for lightweight motor vehicles in emerging as well as developed regions is estimated to accelerate growth of the polypropylene market.
In terms of volume, Asia Pacific accounted for over 50% share of the global polypropylene market in 2014 and is estimated to increase its share by 2023. High demand for polypropylene is anticipated in China, India, Brazil, and countries in ASEAN due to increasing demand for food containers in these countries. Furthermore, increase in the number of large supermarkets in these countries is augmenting demand for polypropylene in packaging. Europe is a mature market for polypropylene; however, strong demand from the automotive industry is projected to drive the polypropylene market in the region during the forecast period.
Automobile manufacturers in Europe have to meet tough directives from the European Union (EU) in order to achieve improved environmental performance. EU’s ongoing drive has been established as part of the climate protection program. The market in Latin America is expected to expand at an above-average rate due to high demand for polypropylene in packaging, automotive, and construction industries. Evolving expenditure style that is inclined toward purchase of packaged materials in BRICS economies has driven demand for polypropylene. Automobile manufacturers are setting up their assembling units in the Middle East due to availability of cheap labor and raw material, thus propelling the polypropylene market in the region.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Polypropylene Market – Industry Analysis
Chapter 4 Price Trend Analysis
Chapter 5 Polypropylene Market – End-User Industry Analysis
Chapter 6 Polypropylene Market – Regional Analysis
Chapter 7 Company Profiles
– BASF SE
– Borealis AG
– Braskem S.A.
– ExxonMobil Corporation
– Formosa Plastics Corporation, U.S.A
– INEOS Group Holdings S.A
– Japan Polypropylene Corporation
– LyondellBasell Industries N.V.
– PetroChina Company Limited
– Reliance Industries Limited
– SABIC
– Sinopec
– Total S.A.
For more information visit http://www.researchandmarkets.com/research/ljp2gs/polypropylene
View source version on businesswire.com: http://www.businesswire.com/news/home/20151022005855/en/
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