The global polypropylene market size was valued at USD 115.9 billion in 2021, growing at a CAGR of 3.1% during the forecast period 2022-28. Polypropylene is a synthetic resin formed by the polymerization of propylene, a polyolefin resin branch. Polypropylene is used to make a variety of plastic items that require durability, lightness, flexibility, and temperature tolerance. Polypropylene is also turned into fibres and utilised in industrial and domestic textiles. In the building and automotive industries, polypropylene is in high demand. Biaxially oriented polypropylene is a type of polypropylene that can be used in a wide range of packaging applications. As a result, manufacturing countries such as China, India, and Brazil have a significant opportunity for Polypropylene, which will lower the extra expense of procuring high-priced packaging material. Furthermore, the global quarantine imposed by several nations to stem the spread of the coronavirus pandemic has reduced polypropylene consumption and hindered its demand in a range of applications. Manufacturers are having problems running production units due to logistical constraints and human mobility limitations. The negative trend in product demand is being accelerated as a result of this. However, rising need for specialised polypropylene in the healthcare sector for medical masks, gowns, and other safety kits is expected to drive product growth over the coming years.

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Rapidly increasing electronics demand, which leads to increased packaging material consumption, rising preference for and consumption of lightweight materials, global end-use industry growth, increased use of polypropylene (PP) in the automotive sector to manufacture lightweight vehicles for improved fuel efficiency, rising levels of disposable income, and improving consumer lifestyle are some of the major as well as vitiated factors. On the other hand, the development of bioplastics, as well as their increased use in the automotive industry, would further contribute to the expansion of the polypropylene market in the aforementioned industries by creating significant prospects.

The global polypropylene market segmentation:
1) By Application: Injection Molding, Film & Sheet, Blow Molding and Fiber & Raffia, Automotive, Construction.
2) By Type: Copolymer, Homopolymer.
3) By End-User: Automotive, Building & Construction, Packaging, Medical.

The polypropylene market in Asia-Pacific is dominated by the automotive and packaging industries, as well as the presence of several industry participants in the area. Because of the increasing usage of packaging in the f&b industry, as well as increased consumer demand for lightweight automotive components and electrical items in this region, North America is predicted to have the fastest growth rate.

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Some of the major key players in the Polypropylene Market are The Dow Chemical Company, LyondellBasell, Exxon Mobil Corporation, SABIC, INEOS, LANXESS, Chevron Phillips Chemical Company

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