About Green Polypropylene
Polypropylene also known as polypropene, is a thermoplastic polymer with numerous applications. It has similar properties to polyethylene, but it is slightly harder and more heat resistant. It is mechanically tough material with excellent chemical resistance. It is used in a wide range of applications, including consumer product packaging, plastic parts for various industries, including the automotive industry, special devices such as living hinges, and textiles. Polypropylene provides resistance against chemicals and extreme temperatures and is increasingly used in packaging, automobiles, building & construction, healthcare, and electronics.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global polypropylene market is highly fragmented, and key players are increasing their investments in Research and Development. BASF SE, Braskem, Exxon Mobil Corporation and others are major players in the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Green Polypropylene market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Dow Chemical Company (United States), LG Chem (South Korea), Eni S.P.A. (Italy), Chevron Philips Chemical Company (United States), LyondellBasell (United States), LANXESS (Germany), SABIC (Saudi Arabia), BASF SE (Germany), Exxon Mobil Corporation (United States) and INEOS (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Eastman Chemical Company (United States), Reliance Industries Limited (India), Westlake Chemical Corporation (United States) and Braskem (Brazil).
Segmentation Overview
AMA Research has segmented the market of Global Green Polypropylene market by Type (Homopolymer and Copolymer), Application (Fiber, Grass sheet, Film & Sheet and Others) and Region.
On the basis of geography, the market of Green Polypropylene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Process, the sub-segment i.e. Injection Molding will boost the Green Polypropylene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use, the sub-segment i.e. Packaging will boost the Green Polypropylene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021 LANXESS completed the merge and acquisition of Emerald Kalama Chemical. Acquisition strengthens range for the plastics, paints and coatings as well as adhesives industries. This acquisition offering of specialty chemicals for industrial applications, particularly in the plastics, paints and coatings, and adhesives industries. The new products complement the existing LANXESS portfolio and provide opportunities for growth in the field of non-phthalate plasticizers that meet the most modern requirements of the plastics processing industry.
On 16 may 2022 The LG Chem Develops Advanced Plastic Product to Prevent Thermal Runaway in EV Batteries. South Korea company LG Chem is announced the development of a new plastic product for battery application capable of preventing the spread of flame in batteries, delivering the world's longest fire-resistance performance. Because of its superior properties, the new product is resistant to flames for a longer period of time when used in battery components. It also has good dimensional stability and keeps its shape under changing temperature conditions. The product was able to prevent the spread of flames caused by thermal propagation during LG Chem's testing. LG Chem's new engineering plastic product for battery components would benefit drivers and passengers by giving them more time to empty a vehicle in the event of a damaged and overheating battery.
Market Drivers
- Growth Of Key End-Use Industries
- Rising Consumer Appeal Toward Eco-Friendly Packaging
- Growing Adoption in Packaging Application
Opportunities
- Significant Growth of Polypropylene Market
Restraints
- Availability Of Other Substitutes Providing Stiff Competition To Polypropylene
- Growing Environmental Concerns
Challenges
- Increasing Trend of Plastic Recycling
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.