Global Polypropylene (PP) Market Size, Demand Forecasts, Industry Trends & Updates (2018-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 8, 2018--The “Global Polypropylene (PP) Market - by Type, End-Use Industries, Products, and Region - Market Size, Demand Forecasts, Industry Trends and Updates (2018-2025)” report has been added to ResearchAndMarkets.com’s offering.
The global production of Polypropylene resin is 55.9 MMT in 2018 and is estimated to reach 83.17 MMT by 2025, at a CAGR of 5.84% for the forecasted period. While on the other hand, in terms of demand, the market is USD 97.4 billion in 2018 and would reach USD 147.23 billion by 2025 growing at a rate of 6.08% compounded annually.
Factors such as rising demand from automotive, construction and automotive industries, increasing demand for consumer disposable products, and preference in packaging industry are expected to drive the market. On the other hand, volatile raw material prices and economic uncertainty in some countries hinder the growth.
The packaging sector accounts for more than 30% of global polypropylene demand in 2018 and is driven in turn by demand from developing Chinese and Indian markets.
China and Russia will be the leading contributors to polypropylene capacity in the future and will account for 45% of global capacity addition over the next five years.
Capacity additions have brought considerable cost savings in the PP industry. The producers are expected to focus on costs and cash flows. Western Europe is expected to be a net importer for the forecasted period.
Companies ProfiledBASF Dupont Sabic Bayer Braschem Petrochina Company Limited Exxon Mobil Corp Borealis AG Reliance Industries Sinopec Corporation and more...
Key Topics Covered
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Polypropylene (PP) Market Segmentation, Forecasts & Trends - By Type
6. Polypropylene (PP) Market Segmentation, Forecasts & Trends - By End Use Industries
7. Polypropylene (PP) Market Segmentation, Forecasts & Trends - By Products
8. Polypropylene (PP) Market Segmentation, Forecasts & Trends - By Region
9. Competitive Landscape Analysis
10. Company Profiles
11. Industry Structure
12. Polypropylene (PP) Market - The Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/7lw6hn/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181008005560/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/08/2018 11:16 AM/DISC: 10/08/2018 11:16 AM