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Rising demand for thermoplastic materials are expected to drive innovation in polypropylene-plastic material and resins manufacturing, thus driving the market during the forecast period.

The global polypropylene-plastic material and resins market is expected to grow from $126.75 billion in 2022 to $138.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The global polypropylene-plastic material and resins market size is expected to grow from $192.13 billion in 2027 at a CAGR of 8.6%.

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Global polypropylene-plastic material and resins market segments include:

• By Product Type: Homopolymer, Copolymer
• By Application: Fiber, Film and Sheet, Raffia, Other Applications
• By End User Industry: Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-user Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global polypropylene-plastic material and resins market in 2021.

Major Market Players in the polypropylene-plastic material and resins market include Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, and Asahi Kasei Plastics.

Eco-friendly polypropylene compounds are increasingly being used due to strict government rules and regulations over recycling and environmental protection. Polypropylene compounds possess unique qualities, making them more favorable as an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitsui Chemicals Inc., and Prime Polymer, has developed new technologies and inventions to produce high-quality products that are environmentally friendly. With those advancements, GSC’s polypropylene compounds are producing high-quality automobile parts such as consoles, instrument panels, bumpers, door panels, and various accessories.

The Polypropylene-Plastic Material And Resins Global Market Report 2023  provides a polypropylene-plastic material and resins market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The polypropylene-plastic material and resins market forecast analyzes polypropylene-plastic material and resins market size, polypropylene-plastic material and resins market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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, resistant to fatigue, and highly resistant to most acids and alkalis.

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