Research and Markets: Synthetic and Bio-Based Polypropylene Market Analysis By Application (Injection Molding, Textiles and Films) And Segment Forecasts To 2022
Research and Markets (http://www.researchandmarkets.com/research/g94g2c/synthetic_and)
has announced the addition of the "Synthetic
and Bio-Based Polypropylene Market Analysis By Application (Injection
Molding, Textiles and Films) And Segment Forecasts To 2022"
report to their offering.
Global polypropylene market demand was 55.83 million tons in 2013
Strong end-use industries demand is slated to positively impact the
global polypropylene market over the forecast period. Polypropylene has
several applications spread across numerous industries, making it an
indispensable product. Strong demand from end-use industries such as
automotives, construction, packaging and textiles are presumed to
positively impact the global polypropylene market. Multiple inherent
positive characteristics such as easy raw material availability,
superior physical properties and chemical inertness are projected to
drive the global market.
The industry is closely integrated with the global hydrocarbon industry.
Propene, a refinery by-product and one of the most important
petrochemical feedstock is the raw material for polypropylene. Thus,
volatile oil and natural gas prices negatively impact the global market.
Such volatility affects profitability and operational costs, thus
hampering the global polypropylene market growth. Stringent regulations
and directives against plastics usage owing to their hazardous impact on
the environment during production and disposal are anticipated to retard
the global market.
Agencies such as FDA, REACH and ASTM have issued several directives
concerning polypropylene usage and manufacturing. FDA and REACH have
issued regulations governing the polypropylene film applications in food
packaging. REACH has issued regulations governing the raw material used
and the additives added in the manufacturing process. Shifting consumer
trends towards bio-based propylene consumption coupled with favorable
government initiatives are key factors capable of shaping the
polypropylene industry in the future. Growing conventional polypropylene
substitution by bio-based polypropylene is touted retard the global
market development over the forecast period. R&D initiatives regarding
cleaner disposal and manufacturing offer ample opportunities for the
Injection molding dominated the global application market over the
recent past. Injection molding applications are spread across various
industries such as automotives, packaging, construction, furniture,
consumer goods, medical equipments and electronics. Emerging regions are
touted to witness strong polypropylene applications demand owing to
several key factors. These key factors include government initiatives to
encourage infrastructure development, rapid industrialization,
urbanization and increasing disposable income. Other key applications
include textiles and film applications. Film applications are projected
to witness the highest CAGR with 5.7% over the forecast period ahead of
injection molding and textiles. Injection molding dominated the global
polypropylene market valuation over the recent years. Similar to market
demand, film applications are estimated to witness the highest market
valuation growth over the forecast period followed by injection molding.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Polypropylene Industry Outlook
Chapter 4 Polypropylene (PP) Application Outlook
Chapter 5 Polypropylene (PP) Regional Outlook
Chapter 6 Competitive Landscape
Japan Polypropylene Corporation
China Petroleum & Chemical Corporation (Sinopec)
Reliance Industries Limited
Bayer Material Science
Sumitomo Chemical Company Ltd.
PetroChina Company Limited
Washington Penn Plastic Company, Inc.
Qatar Petrochemical Company (QAPCO)
Chevron Phillips Chemical Company
For more information visit http://www.researchandmarkets.com/research/g94g2c/synthetic_and
View source version on businesswire.com: http://www.businesswire.com/news/home/20151102005933/en/
Copyright Business Wire 2015
Source: Business Wire
(November 2, 2015 - 8:22 AM EST)
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