Polypropylene resin, which is also known as PP resin, is utilized in manufacturing various products. Polypropylene along with other materials that were earlier considered to be scrap or waste are combined together to produce some useful products. Since their evolution, polypropylene resins are effectively utilized nowadays in manufacturing the upholstery of cars and in producing loudspeaker covers. It is also utilized in manufacturing products that are often used at home and in laboratories. Elastomers, which can be produced from polypropylene, are materials possessing the qualities of rubber along with good tensile strength.
This market is segmented based on applications and constitutes of food and industrial, healthcare packaging, automotive, appliances, house wares, medical, toys, and other segments. The consumption of polypropylene resins differs depending on the market growth of its application segments. The durability that the material possesses is the primary driving factor of this market. Polypropylene resins have wide applications in manufacturing house wares like dishes and other wares that have long durability. These materials have growing applications in the field of injection molding. The various cases of TV and electronic goods and decorative products like carpets are manufactured utilizing these materials.
The growing global market for electronic goods is fuelling the PP resin market. The market is finding growing applications in China owing to its growing demand in the packaging of textiles. The Asia-Pacific region is the fastest growing market owing to large applications, boosting the demand for these materials. The emerging economies of developing nations and growing applications of polypropylene, especially in the Asia-Pacific region, are some of the factors opening up new opportunities for the market. The material is colorfast in that it retains its original hue without fading. The material is handled with care since rise or fall in temperature impacts the quality of the material.
Some of the major players in this sector are Borealis Compounds, Inc, Dow Chemical, ExxonMobil, INEOS Olefins & Polymers, LyondellBasell Industries, Sunoco Chemicals, Inc., Total Petrochemicals and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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