Europe Polypropylene Market Size, Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2027
Europe
Polypropylene Market will exhibit a CAGR of 2.1% and reach USD 17.65 billion by
2027, and the market value as per 2019 was USD 16.76 billion.
Fortune Business Insights™ in a new report,
titled, “Europe Polypropylene Market Size, Share
& Industry Analysis, By Type (Homopolymer, Copolymer {Random Copolymer, and
Block Copolymer}), Form (Resin and Powder), End-use Industry (Packaging,
Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle,
Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture,
Textile & Fiber, and Others), and Country By Type, 2020-2027.”
Europe Polypropylene Market Drivers and Restraint :
Europe
is experiencing high demand for food products owing to the rising population.
Also, the busy and changing lifestyles of people are increasing the need for
processed food items that consist of longer shelf-life. This factor is
compelling the manufacturers to utilize effective packaging solutions to
prevent spoilage of food items. Polypropylene is capable of protecting the food
and beverages from becoming stale due to external and internal factors. It can
act as a moisture barrier. At the same time, it protects those products from
temperature fluctuations and UV rays.
However,
the COVID-19 pandemic has caused a rapid decline in the demand for polymers and
gasoline. This is further resulting in the fluctuations in the prices of crude
oil. Apart from this, the rising restrictions and halt of production processes
in various industries owing to the lockdown measures may hamper the Europe
polypropylene market growth in the near future.
Some of the Key Players of the Market for Europe
Polypropylene include:
- LyondellBasell
Industries N.V. (Netherlands)
- ExxonMobil
Chemical (U.S.)
- China National
Petroleum Corporation (China)
- INEOS (UK)
- China Petroleum
& Chemical Corporation (China)
- SABIC (Saudi
Arabia)
- Ducor
Petrochemicals (Netherlands)
- Reliance
Industries Limited (India)
- Formosa Plastic
Group (Taiwan)
- Total S.A.
(France)
- Braskem
(Brazil)
- BASF SE
(Germany)
- Repsol (Spain)
- Borouge (UAE)
- Borealis AG
(Austria)
- MOL Group
(Hungary)
- Beaulieu
International Group (Belgium)
- Other key
players
To gain more insights into the market with a detailed table of
content and figures, Click Here: https://www.fortunebusinessinsights.com/europe-polypropylene-market-103475
Some Industry Developments of the Market for Europe
Polypropylene include:
- June 2020:
LyondellBasell commences the building of its fourth PP production line in
Thailand. The company is doing so through HMC Polymers Company Limited,
its joint venture.
- October 2020: SABIC
launches its latest ultra-high melt flow PP that is best suitable for
personal hygiene applications. It is meant for lightweight breathable
non-woven fabrics.
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