Wednesday, 8 July 2015

Polypropylene Market Steered by Packaging Applications, to Post 6.3% CAGR between 2013 and 2019 : Transparency Market Research

Polypropylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
While on one hand, applications such as packaging, automation, and consumer products will stimulate growth in the global polypropylene market, environmental concerns act as an impediment to growth, says a latest study by Transparency Market Research. The U.S.-based market research firm expects the global polypropylene market to reach US$124.01 billion by 2019 from its 2012 value of US$77.46 billion, registering a CAGR of 6.3% between 2013 and 2019. These findings are detailed in the report titled, ‘Polypropylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.’Among other drivers for the polypropylene market, the report ranks changing lifestyles and higher disposable incomes among the top factors. The demand for polypropylene is soaring in emerging economies in the Asia Pacific region, and this reflects in the increased demand for the material from various end-use industries. However, the growth prospects of the global polypropylene market will be somewhat dampened by the volatility in raw material prices and the negative environmental associations linked with the use of polypropylene. This factor, however, opens up potentially lucrative opportunities for the development of bio-based polypropylene rather than focusing development efforts on synthetic polypropylene.
Browse the full Polypropylene Market For Packaging, Automotive, Consumer Products, Electrical & Electronics, Construction and Other End-User Industries - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at  :
The report segments the polypropylene market based on end-use industries into: Automotive, packaging, electrical and electronics, consumer products, construction, and others. Of these, the packaging segment emerged as the largest end-user of polypropylene in 2012, constituting over 50% of the overall market in that year. This can be ascribed to the growing use of polypropylene in the consumer products industry. The automotive end-use segment trailed the packaging segment in terms of volume. According to TMR’s analysis, the automotive end-user segment was the largest in volume terms, and will exhibit a 5.7% CAGR between 2013 and 2019. The demand for polypropylene in the consumer goods segment was estimated at 7.1 million tons in 2012.
Based on a regional analysis of the global polypropylene market, the report states that China was the predominant polypropylene market with a value of US$23.73 billion as of 2012. China is forecast to show the fastest growth rate in this market on account of end-use industries consuming polypropylene in high amounts here. Polypropylene demand in the Rest of Asia Pacific region stood at 7.01 million tons as of 2012. Capacity addition in this region will stimulate further growth in the immediate future.The automotive industry in Europe consumes massive amounts of polypropylene every year, and in revenue terms, the European polypropylene market is forecast to expand at a CAGR of 5.9% from 2013 through 2019. A competitive analysis of the global polypropylene market reveals that it is fragmented to a very high degree, with the top five market participants holding sway over 35% of the market as of 2012. Leading players profiled as part of this market research report are: Braskem, INEOS, LyondellBasell, SABIC, Sinopec, Reliance Industries Limited, PetroChina, and Borealis among others.
This report segments the global polypropylene market as follows:
Polypropylene Market: End-User Industries Analysis
Consumer products
Electrical & electronics
Others (Agriculture, Medical, Furniture, etc.)
Polypropylene Market: Regional Analysis
North America
Rest of Asia Pacific
Rest of the World
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About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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