The Polypropylene-Plastic Material And Resins Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Polypropylene-Plastic Material And Resins Global Market Report 2024, The polypropylene-plastic material and resins market size has grown strongly in recent years. It will grow from $139.82 billion in 2023 to $153.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to packaging industry, automotive sector, consumer goods, construction and building materials.
The polypropylene-plastic material and resins market size is expected to see strong growth in the next few years. It will grow to $217.18 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to sustainable and recyclable materials, renewable energy and electric vehicles, packaging innovation, advanced healthcare devices. Major trends in the forecast period include bio-based polypropylene, advanced additive manufacturing, high-performance formulations, smart materials.
Rising demand for thermoplastic materials has contributed to the growth of the polypropylene market. Due to their unique chemical properties, thermoplastic materials can be recycled and remolded without affecting their physical properties. As a result, thermoplastic materials are far more useful in a wide range of applications, including clothing, packaging, food, and beverages. Additionally, they are also used in heavy-duty applications such as the aerospace, military, and medical industries. According to American Freedonia Group data, the global Thermoplastic Elastomer (TPE) market surpassed $ 24 billion and market demand reached 6.7 million tons in 2019, which will grow at a rate of 5.2% every year in the future. The rising demand for thermoplastic materials increased the demand for the polypropylene market, thereby driving the market.
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The polypropylene-plastic material and resins market covered in this report is segmented –
1) By Product Type: Homopolymer; Copolymer
3) By Application: Fiber; Film and Sheet; Raffia; Other Applications
2) By End User Industry: Packaging; Automotive; Consumer Products; Electrical and Electronics; Other End-user Industry
The polypropylene-plastic material and resins market report table of contents includes:
- Executive Summary
- Polypropylene-Plastic Material And Resins Market Characteristics
- Polypropylene-Plastic Material And Resins Market Trends And Strategies
- Polypropylene-Plastic Material And Resins Market – Macro Economic Scenario
- Global Polypropylene-Plastic Material And Resins Market Size and Growth
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- Global Polypropylene-Plastic Material And Resins Market Competitive Benchmarking
- Global Polypropylene-Plastic Material And Resins Market Competitive Dashboard
- Key Mergers And Acquisitions In The Polypropylene-Plastic Material And Resins Market
- Polypropylene-Plastic Material And Resins Market Future Outlook and Potential Analysis
- Appendix
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