The Global Polypropylene-Plastic Material And Resins Market Report by The Business Research Company covers polypropylene-plastic material and resins market drivers and restraints, polypropylene-plastic material and resins market size, major players, and the impact of COVID-19 on the polypropylene-plastic material and resins market.
The polypropylene market consists of sale of polypropylene and related services. Polypropylene is a thermoplastic polymer produced by chain-growth polymerization of the monomer propylene and is used in automotive fittings and industrial fibers. It is resilient and resistant to fatigue and highly resistant to most acids and alkalis.
Rising demand for thermoplastic materials contributed to the growth of the polypropylene market. Due to its unique chemical properties, thermoplastic materials can be recycled and remolded without affecting its physical properties. Thus, making thermoplastic materials much useful in many applications such as clothing, packaging, food and beverages.
The global polypropylene-plastic material and resins market is expected to grow from $63.06 billion in 2020 to $76.7 billion in 2021 at a compound annual growth rate (CAGR) of 21.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $93.14 billion in 2025 at a CAGR of 5%.
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Some polypropylene-plastic material and resins market trends include eco-friendly polypropylene compounds increasingly being used due to strict rules and regulations of government over recycling and environment protection. The polypropylene compounds possess unique qualities, making it more favourable and an alternative in the automotive industry.
Global polypropylene-plastic material and resins market segments include:
1) By Product Type: Homopolymer, Copolymer.
2) By End Use Industry: Packaging, Automotive, Consumer Products, Electrical And Electronics, Other End-user Industry.
3) By Application: Fiber, Film And Sheet, Raffia, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Polypropylene-Plastic Material And Resins Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides polypropylene-plastic material and resins market overviews, analyzes and forecasts market size, share, polypropylene-plastic material and resins market players, polypropylene-plastic material and resins market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The polypropylene-plastic material and resins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Polypropylene-Plastic Material And Resins Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, , Asahi Kasei Plastics, Mitsui Chemicals, Dupont, INEOS, Total S.A.,, China Petrochemical Corporation, LG Chem, Sumitomo Chemical, Dynachem Co. Ltd., E.I. du Pont de Nemours, HMC Polymers Co., Ltd, K Polymers, Inc., Scott Bader Company Limited, The Dow Chemical Company, BASF SE, , Toray Industries, Inc., Reliance Industries Limited, Lotte Chemical UK Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The polypropylene-plastic material and resins Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The polypropylene-plastic material and resins Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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