Polypropylene Market - Growth, Trends and Forecast 2015 – 2023

Transparency Market
Research
Polypropylene Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023

Published Date
26-Aug-2015

129 Page Report

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Press Release

Global Polypropylene Market is Expected to Reach US$ 133.39
Bn in 2023 : TMR
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Polypropylene Market

REPORT DESCRIPTION

Polypropylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Polypropylene is a thermoplastic polymer that can be readily formed by catalytic polymerization of propylene.
Manufacture of polypropylene is largely dependent on the availability of raw materials. This, in turn, is
dependent on crude oil and natural gas reserves. Polypropylene possesses beneficial properties such as high
surface hardness, good tensile strength, and strong chemical resistance. As a result, it has gradually replaced
other polyolefins in several applications. It is one of the most versatile polymers used in packaging, automobile,
construction, electrical & electronics, and medical industries. Rising demand for polypropylene in the
packaging industry is likely to augment the global polypropylene market in the next few years. Additionally,
rising demand for lightweight vehicles is expected to drive growth of the polypropylene market during the
forecast period. However, growing environmental issues and volatile raw material prices are projected to
hamper growth of the market during the forecast period. Biobased polypropylene is likely to offer immense
opportunities to polypropylene manufacturers from 2015 to 2023.
Browse the full 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 report...