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Global Polypropylene Market Is Expected to Reach Us$ 133.39 Bn in 2023

  • Date Submitted: 03/14/2016 03:00 AM
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Transparency Market
Polypropylene Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023

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129 Page Report

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Press Release

Polypropylene Market to Reach US$133.3 bn by 2023 owing
to Globally Rising Demand for Lightweight Vehicles : TMR
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Polypropylene Market

Polypropylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Transparency Market Research has published a new report titled “Polypropylene Market for Packaging,
Automotive, Consumer Products, Electrical & Electronics, Construction, and Other End-user Industries
– Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.” According to the
report, the global polypropylene market was valued at US$ 81.6 Bn in 2014 and is anticipated to reach US$
133.3 Bn by 2023, expanding at a CAGR of 5.7% between 2015 and 2023.
Browse The Full Report At : http://www.transparencymarketresearch.com/polypropylene-market.html
Rising demand for polypropylene in food & beverage packaging coupled with increase in the number of
lightweight vehicles is projected to boost the global polypropylene market between 2015 and 2023. However,
increase in environmental concerns regarding usage of plastics and volatility in prices of raw materials are
likely to hamper market growth during the forecast period. Biobased polypropylene is anticipated to provide
significant opportunities to polypropylene manufacturers in the next few years. Furthermore, emerging
applications in agriculture and medical fields are estimated to create immense opportunities for market players
in the near future.
In terms of volume, Asia Pacific accounted for the largest share of more than 50% of the polypropylene market
in 2014....


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