Polypropylene Market Set to Experience Phenomenal Growth from 2022 to 2028

November 24, 2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Polypropylene Market over the trend period from 2016 to 2020 and the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Polypropylene Market Overview:
The Polypropylene Market was estimated at USD 121.86 Billion in 2021 and is likely to grow at a CAGR of 3.37 % from 2022-2028 to reach USD 153.99 Billion in 2028.
What is polypropylene?
Polypropylene is a thermoplastic polymer that is produced by combining propylene monomers with catalysts. As thermoplastic polymers are recyclable, their applications are growing in a wide array of industries such as packaging, automotive, building & construction, electrical & electronics, medical, and others. They are of basically two types i.e. homopolymer and copolymer.
The Polypropylene Market is segmented by–
• By Type (Homopolymer and Copolymer),
• By Application Type (Injection Molding, Fiber & Raffia, Film & Sheet, and Blow Molding)
• By End-Use Industry Type (Packaging, Automotive, Building & Construction, Electrical & Electronics, Medical, and Others)
• By Region (North America, Europe, Asia-Pacific, and Rest of the World)
Get accesso a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/1416/polypropylene-market.html#form
Driver
The prime factors that are driving the polypropylene market are expanding application range, technological advancements, and a surge in demand from the Asia-Pacific region.
Regional Analysis
Asia Pacific holds more than 45% of the share in 2021 for polypropylene during the forecast period. China, Japan, South Korea, Taiwan, and India are the largest consumers of polypropylene in the region. Significant economic development in the region is paving the path for electrical & electronic, packaging, building & construction, and automotive industries.
Further, a huge consumer base and significant economic development in the region are likely to boost the demand for polypropylene in the region. North America and Europe are also expected to witness a healthy demand for polypropylene material owing to the revival of the construction industry from the global economic slowdown.

About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
For enquiries,
Contact:
Stratview Research
E-mail: [e-mail]
Direct: [phone]