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The polypropylene-plastic material and resins market have experienced robust growth, reaching $139.82 billion in 2023, set to increase to $153.02 billion in 2024 with a Compound Annual Growth Rate (CAGR) of 9.4%. This growth is attributed to key sectors like packaging, automotive, consumer goods, construction, and building materials. Looking ahead, the market is poised for further expansion, with a projected size of $217.18 billion in 2028, driven by sustainability trends, renewable energy, electric vehicles, packaging innovation, and advanced healthcare devices.

Growing Demand for Thermoplastic Materials:

• Recyclability and Versatility: The rise in demand for thermoplastic materials has fueled the growth of the polypropylene market. Thermoplastics can be recycled and remolded without compromising their physical properties, making them valuable across various applications.
• Wide Range of Applications: Thermoplastics find utility in clothing, packaging, food, beverages, as well as heavy-duty industries such as aerospace, military, and medical sectors.
• Market Impact: The global Thermoplastic Elastomer (TPE) market, valued at over $24 billion, is expected to grow at a rate of 5.2% annually, boosting the demand for polypropylene.

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Advancements in Polypropylene Technology:

• Innovation Drive: Major players in the market, such as LyondellBasell Industries Holdings BV and ExxonMobil Chemical Company, are investing in new polypropylene technologies to enhance performance and increase profitability.
• NovolenPPure Technology: Lummus Technology LLC introduced NovolenPPure polypropylene (PP) technology, designed to meet evolving sector demands, including automobile, packaging, and healthcare. This technology offers improved impact resistance, processability, chemical resistance, and mechanical characteristics.

LyondellBasell’s Acquisition of PolyPacific Polymers Sdn. Bhd:

• Strategic Move: In June 2021, LyondellBasell acquired PolyPacific Polymers Sdn. Bhd, a significant player in the industry. This acquisition involves a complete transition, including a change in brand name and the integration of PolyPacific Polymers’ employees into LyondellBasell.
• Scope of Acquisition: PolyPacific Polymers Sdn. Bhd., based in Australia, specializes in manufacturing and marketing reinforced and modified grades of polypropylene compounds.

Market Segmentation:

• Product Types: The polypropylene market is segmented into homopolymer and copolymer.
• Applications: Segments include fiber, film and sheet, raffia, and other applications.
• End-User Industries: The market serves packaging, automotive, consumer products, electrical and electronics, and other end-user industries.

Regional Dominance in Asia-Pacific:

• Largest Market: In 2023, Asia-Pacific emerged as the largest region in the polypropylene market, underscoring the global significance of the region in the industry.

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The Polypropylene-Plastic Material And Resins Global Market Report 2024  provides an overview of the polypropylene-plastic material and resins market 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 and their market positions.

The Table Of Content For The Polypropylene-Plastic Material And Resins Market Include:
1. Polypropylene-Plastic Material And Resins Market Executive Summary
2. Polypropylene-Plastic Material And Resins Market Segments
3. Polypropylene-Plastic Material And Resins Market Size And Polypropylene-Plastic Material And Resins Market Growth Rate
4. Key Polypropylene-Plastic Material And Resins Market Trends
5. Major Polypropylene-Plastic Material And Resins Market Drivers
……
25. Key Mergers And Acquisitions In The Polypropylene-Plastic Material And Resins Market
26. Top Polypropylene-Plastic Material And Resins Companies
27. Polypropylene-Plastic Material And Resins Market Opportunities And Strategies
28. Polypropylene-Plastic Material And Resins Market, Conclusions And Recommendations
29. Appendix

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