Allied Market Research recently published a report,
titled, “Polypropylene and Polypropylene Composites Market for
Injection Molding, By Product (Polypropylene (PP) and Polypropylene
Composites), Fiber Type (Glass Fiber, Carbon Fiber and Others), and Application
(Packaging, Building & Construction, Automotive, Electrical &
Electronics and Others): Global Opportunity Analysis and Industry Forecast,
2018–2025”. According to the report, the global polypropylene
and polypropylene composites market was pegged at $41.94 billion in 2017 and is
projected to garner $84.42 billion by 2025, registering a CAGR of 8.3% during
the period 2018–2025.
Growth Drivers and Industry Trends
Global polypropylene and polypropylene composites
market for injection molding is divided on the basis of product, fiber type,
application, geography. Based on product, the market is segmented into
polypropylene (PP) and polypropylene composites. The polypropylene (PP) segment
held the largest share in 2017, contributing nearly two-thirds of the total
market. However, the polypropylene composites segment is projected to manifest
the fastest CAGR of 8.9% during the forecast period.
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Segmentation Analysis of the Industry
Based on fiber type, the market is divided into
carbon fiber, glass fiber, and others. The glass fiber segment is expected to
register the fastest CAGR of 10.2% during the study period, owing to increase
in trend of using injection molding for processing polypropylene glass fiber
composites.
On the basis of application, the market is segmented
into packaging, building & construction, automotive, electrical &
electronics, and others (textiles & consumer products). The packaging
segment held the largest share in 2017, contributing nearly two-fifths of the
total market. However, the automotive segment is estimated to portray the
fastest CAGR of 11.1% through 2025.
Based on geography, the market is analyzed in
various regions such as North America, Europe, Asia-Pacific, and Latin America,
Middle East and Africa (LAMEA). North America region dominated the market in
terms of revenue, contributing more than one-third of the total market.
However, the market in the Asia-Pacific region is projected to grow at a CAGR
of 9.6% during the forecast period.
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Industry Key Players
The report includes in-depth analysis of the major
market players such as Sumitomo Chemicals, Borealis AG, Sinopec Ltd, Exxon Mobil
Corporation, Formosa Plastics Corporation, SABIC, DuPont, Lyondell Basell
Industries N.V., INEOS, and Braskem.
About Us:
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market research and business -consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as
medium and small businesses with unmatched quality of "Market Research
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targeted view to provide business insights and consulting to assist its clients
to make strategic business decisions and achieve sustainable growth in their
respective market domain.
We are in professional corporate relations with
various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our
market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology
includes deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
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