Polypropylene refers to a cost effective material that is a combination of exceptional mechanical, electrical, and physical properties. Such properties are not found in any other type of thermoplastic. As compared to high or low-density polyethylene, polypropylene comes with lower impact strength but with much improved tensile strength and working temperature. Known for its outstanding chemical resistance in corrosive surroundings, polypropylene offers superior resistance to electrolytic attack, degreasing agents, and organic solvents. This material is resistant to stains, comes with low absorption rate of moisture, and is light in weight.
Polypropylene comes in two different types, which are
Although they are alike in many ways, they manifest some marked differences in its performance and appearance.
Polypropylene homopolymer comes with stiffness and high strength to weight ratio. Polypropylene homopolymer is comparatively stronger than copolymer. In addition, this material is also has good weldability and chemical resistance, which enables the material to be utilized in many of the corrosion resistant structures.
On the other hand, polypropylene copolymer is comparatively soft but is has more impact trength and is more durable and tough than polypropylene homopolymer. This material usually comes with toughness at low temperature and improved stress crack resistance, which is likely to drive the growth of the global polypropylene copolymer market over the assessment tenure. A large number of applications across various industries are likely to propel growth of the global polypropylene copolymer market over the assessment tenure.
The global polypropylene copolymer market is estimated to be fuelled by several favorable characteristics of the product. Polypropylene copolymer comes with non-hazardous and non-toxic effect on inhalation and ingestion. In addition, it comes with low toxicity for aquatic organisms. With increased demand for high performance, cost effective, and light weight packaging the solutions, the global polypropylene copolymer market is poised for substantial growth over the forecast tenure.
Polypropylene Copolymer Market: Overview
Polypropylene copolymer is a type of plastic formed by the polymerization of propylene in the presence of a catalyst and monomer. It is one of the versatile thermoplastic polymers owing to its usage in a wide range of applications in various end-use industries. Polypropylene copolymer possesses various properties such as excellent surface hardness, high impact and chemical resistance, good transparency, high heat resistance, low melting temperature, low specific gravity, high stiffness, high temperature resistance to chemicals, good processability via injection molding and extrusion, and low moisture absorption rate. It is readily formed by catalytic polymerization of propylene by using ethylene as a co-monomer at random concentrations to improve thermal and mechanical properties of polypropylene copolymers.
Polypropylene Copolymer Market: Trends & Demands
Rise in demand for polypropylene copolymer in the packaging industry is propelling the demand for polypropylene copolymer. Increase in demand for polypropylene copolymer in the health care industry owing to its application in injection molding purposes and various other medical devices is also augmenting the polypropylene copolymer market. Expansion in the food & beverages industry provides lucrative opportunities to the polypropylene copolymer market.
On the other hand, availability of substitutes is hampering the polypropylene copolymer market. Furthermore, volatility in prices of polypropylene copolymer is adversely affecting the polypropylene copolymer market.
Polypropylene Copolymer Market: Key Segments
In terms of product type, the polypropylene copolymer market can be segmented into homopolymers, copolymers, and others. Homopolymers is the widely used type of polypropylene. They are also known as Polypropylene Homopolymers (PPH). Homopolymers provide high strength-to-weight ratio and are stiffer than copolymers. The excellent chemical resistance and weldability enable the use of the polypropylene homopolymer in various corrosion resistant structures.
Based on application, the polypropylene copolymer market can be divided into injection molding, fiber & raffia, films & sheets, blow molding, additives, coatings, and others.
In terms of end-use industry, the polypropylene copolymer market can be segregated into packaging, automotive, building & construction, electrical & electronics, food & beverages, medical devices, and others. The others segment includes gearboxes, hot & cold water pipes, and toys. In terms of volume, the packaging segment accounts for significant share of the market owing to the rise in demand for polypropylene copolymers in the food & beverages industry. Polypropylene copolymer is primarily used in food & storage container packaging on large scale. The health care industry is the next major consumer of polypropylene copolymer. These copolymers are largely used in the molding of medical devices such as syringes, labware, and bottles.
Polypropylene Copolymer Market: Regional Outlook
Based on geography, the polypropylene copolymer market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume, Asia Pacific accounts for key share of the market owing to the constant demands for polypropylene copolymers in the packaging industry. Asia Pacific is followed by North America and Europe.
Polypropylene Copolymer Market: Key Players
Key players operating in the polypropylene copolymer market include Total Petrochemicals & Refining USA, Inc., LyondellBasell Industries N.V, SABIC, Sinopec, Braskem, Borealis AG, Reliance Industries Limited, Sasol, INEOS Olefins & Polymers USA, Formosa Plastics Corporation, Pinnacle Polymers LLC, Entec Polymers, Flint Hills Resources, and Exxon Mobil Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.