Polypropylene Market Key Players:
Polypropylene Market are: The Dow Chemical Company (U.S.), LyondellBasell (U.S.), Exxon Mobil Corporation (U.S.), SABIC (Saudi Arabia), INEOS (Switzerland.), LANXESS (Germany), Chevron Phillips Chemical Company (U.S.), Eni S.p.A. (Italy), BASF SE (Germany), and LG Chem (South Korea) among others.
Polypropylene Market Segmentation:
Polypropylene Market is segregated into application. On the basis of application, the market is further categorized into agriculture, automotive, construction, packaging, electrical & electronics, and others. The automotive sector is the leading segment in the market owing to growing substitution of heavy metals by lightweight materials to improve the thermal efficiency and optimal performance of the vehicles. It is predicted that an increased use of plastics in irrigation pipes is set to drive the agriculture segment during the assessment period.
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A significant growth is witnessed in the packaging segment due to growing adoption of lightweight materials because they provide excellent flexibility and sufficient storage space to the product. The electrical & electronics segment is set to grow at a higher rate due to the growing consumption of low-density materials in manufacturing various devices such as smartphones, laptop, TVs, and other accessories.
Polypropylene Market Regional Analysis:
Polypropylene Market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for polymers in agriculture, automotive, construction, packaging, electrical & electronics. The automotive segment is predicted to witness a rapid growth in the market, due to the growing consumption of low density materials to produce high standard and efficient vehicles in countries such as China, Japan and India are the major players in the market.
The North American region is growing significantly in the market due to the increasing demand for thermoplastic materials in construction and buildings, medical and automobile sectors. It is predicted that the high disposable income and heavy investments in major industries is set to drive the automobile segment to lead the market during the forecast period. The growing demand of polypropylene glycol and propylene glycol in pharmacy, healthcare and automotive industries has propelled the countries such as the U.S., Canada and Mexico to achieve a stunning growth in the market.
Polypropylene Market Competitive Landscape:
Polypropylene Market is a highly lucrative market driven by flourishing growth in packaging and petrochemical industry, along with the propelling textile industry. The Dow Chemical Company (U.S.), Lyondell Basell (U.S.), Exxon Mobil Corporation (U.S.), SABIC (Saudi Arabia), INEOS (Switzerland.), LANXESS (Germany) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the global Polypropylene Market is projected to witness considerable competition over the forecast period of 2018-2023.
Polypropylene Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Polypropylene Market
Polypropylene Market Table of Content to be Continue…….,
Complete List of Tables and Figures @ https://www.marketresearchfuture.com/reports/polypropylene-market-1063
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