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Polypropylene, also known as polypropene, is a type of thermoplastic polymer resin discovered by Karl Rehn, a German chemist and Italian chemist named Montecatini in 1954. The thermoplastic polymer in used in a wide range of applications such as textiles, labeling and packaging, plastics, stationary, and laboratory equipment owing to its property of being highly versatile. The beneficial properties of polypropylene make it useful in everyday applications,for instance, plastics. Its high melting point vis-à-vis other lightweight plastics makes it useful in food and beverage containers that require high temperature resistance. Polypropylene can be manufactured in three forms which include isotactic, syndiotactic and atactic. Isotactic is the primary form of polypropylene manufactured in the market. These polymers can be dyed into various colors. These can also be customized. These are major reasons for its usage in the manufacture offibers employed in carpets.
 
Polypropylene is used in a wide range of applications such as plastics, carpeting, reusable products, paper, and medical equipment. Polypropylene is used in the manufacture of toys and automobile products in the plastics industry. These polymers are employed in the making of upholstery, area rugs, and all types of carpets due to their chemical and physical properties. These polymers are used in reusable products such as jars, containersetc. Demand for polypropylene is expected to be significant in the paper industry for applications such as stationary and other writing bindings. 
 
Synthetic polymers are petrochemical-based polymers obtained through bulk/ slurry, hydrocarbon slurry, and gas phase processes. These three processes are used to manufacture polypropylene. Stringent directives and regulations regarding the usage of plasticsare likely to hamper the growth of the polypropylene market. Currently, ecofriendly materialsare usedin themanufacture of polypropylene.Raw materials used in the manufacture of bio-based polypropylene include corn, biomass, vegetable oil, and bio-diesel. Demand for synthetic and bio-based polypropylene is projected to increase significantly owing to their potential functional properties and characteristics.
 
Rising demand in the automotive industry is the major factor driving theglobal synthetic and bio-based polypropylene market. Rising demand in construction and packaging industries is also expected to fuel the market.The textile industry isa major consumer of polypropylene,thereby contributing to the growth of the global synthetic and bio-based polypropylene market.
 
In terms of region, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the major markets for synthetic and bio-based polypropylene. Developing regions such as Asia Pacific, especially China and India, are the key markets for synthetic and bio-based polypropylene due to increasing demand in automotive and construction industries. U.S. is the major consumer of propylene due to growing demand from the end-user industries. Brazil is also expected to fuel demand for synthetic and bio-based polypropylene in the market. Middle East and Africa regions are also likely to boost the demand for synthetic and bio-based polypropylene during the next few years.
 
Some of the key players in the global synthetic and bio-based polypropylene market include:Braskem, SABIC, LyondellBasell Industries, China Petrochemical Corporation, Washington Penn Plastic Co., Inc., ,Chevron Phillips Chemical Company, BASF, Japan Polypropylene Corporation, Fulton Companies, Qatar Petrochemical Company Q.S.C. , INEOS, PetroChina Company Limited, Reliance Industries Ltd., Total S.A, Bayer Material Science, National Petrochemical Industrial Company, Tasnee, Borouge, Pinnacle Polymers, Phillips 66 Company, Formosa Plastics Corporation, U.S.A., Exxon MobilCorporation and Borealis AG.

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
  • Europe
  • 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.

3. Actionable Results

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.

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Synthetic Bio Based Polypropylene Market

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