The new report by Expert Market Research titled, ‘Global Polypropylene Copolymer Market Price, Size, Share, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global polypropylene copolymer market, assessing the market based on its segments like applications and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Polypropylene Copolymer Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical CAGR (2018-2022): 5%
The heightened application of polypropylene copolymer in the fibre and fabrics industry for the production of clothing items which require moisture transfer, such as baby diapers and sanitary napkins, among others, is driving the market growth. The moisture absorption and water-proof properties of the compound also makes it applicable in the packaging industry to achieve greater safety. In this regard, the thriving food and electronic goods packaging industry is likely to propel the demand for the compound in the forecast period.
In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the presence of local manufacturers across countries like India and China.
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Polypropylene Copolymer Industry Definition and Major Segments
Polypropylene copolymer, introduced by a German Chemist named Karl Rehn, refers to a thermoplastic resin with high impact strength, good crack, and stress resistance, and it exhibits toughness at lower temperatures. The procurement process of this copolymer involves the polymerisation of propylene and ethylene. It is widely utilised across the industrial sector.
On the basis of application, the market can be segmented into:
- Fibre and Fabrics
- Automotive
- Packaging
- Construction
- Medical
- Consumer Goods
- Others
The regional markets for polypropylene copolymer include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Polypropylene Copolymer Market Trends
Polypropylene copolymer is used in the automotive industry for the manufacture of bumpers, chemical tanks, and gas cans, among others. Therefore, the technological advancements in the automotive industry are among the key trends in the polypropylene copolymer market.
Over the forecast period, the anticipated increase in sales of electric passenger vehicles across the emerging economies is likely to propel the demand for polypropylene copolymer. Meanwhile, polypropylene copolymer exhibits excellent moisture resistant properties. This property makes it a popular construction product used for the manufacture of air and moisture barrier membranes. Hence, the growing expansion of the construction sector across the emerging economies owing to the rapid urbanisation, is likely to another crucial trend for market growth.
Key Market Players
The major players in the market are:
- LyondellBasell Industries Holdings B.V.
- China Petrochemical Corporation (Sinopec Group)
- SABIC
- PetroChina Company Limited
- Braskem S.A.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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