North America Polypropylene Market, By Type (Homopolymers, Copolymers), Product (Expanded Polypropylene (EPP) Foams, Extruded Polypropylene (XPP) Foams), Grade (High Density, Medium Density, Low Density), Application (Injection Molding, Fiber and Raffia, Film and Sheet, Blow Molding), End User (Packaging, Automotive, Medical, Construction, Consumer Products, Electrical and Electronics, Others), Country (U.S., Canada, Mexico), Industry Trends and Forecast to 2028.
The polypropylene market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 21,438 million by 2028 and grow at a CAGR of 5.10% in the above-mentioned forecast period.
Polypropylene foam (also referred as expanded polypropylene foam) are linear saturated hydrocarbon polymer that are highly versatile foam material that provide a wide range of properties such as high resistivity against water and chemicals.
The factors such as rapidly increasing automotive and packaging industry demand rapid urbanization are the root cause fueling up the polypropylene market growth rate. Additionally, the increase in disposable income, change in lifestyle among the consumers and rapid surge in the demand for durable foams and recyclable foam and increasing preference for packed and frozen food as well as the high demand of these foams owing to their sustainable and eco-friendly nature will also directly and positively impact the growth rate of the polypropylene market. However, excessive lack of awareness about polypropylene foams and high cost of polypropylene foams impede growth of the polypropylene market.
The various technological advancements and growing preference for these foams because of the exceptional light weight and impressive strength to weight ratio generate numerous opportunities for the market. On the flip side, the factors such as fluctuating prices of raw materials and rising environmental awareness issues pose as a major challenge to the growth of the polypropylene market.
This polypropylene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polypropylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Polypropylene Market Scope and Market Size
The polypropylene market is segmented on the basis of type, product, grade, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the market is segmented into homopolymers and copolymers.
- On the basis of product, the market is segmented into expanded polypropylene (EPP) foams and extruded polypropylene (XPP) foams.
- On the basis of grade, the market is segmented into high density, medium density and low density.
- On the basis of application, the market is segmented into injection molding, fiber and raffia, film and sheet and blow molding.
- On the basis of end user, the market is segmented into packaging, automotive, medical, construction, consumer products, electrical and electronics and others.
North America Polypropylene Market Country Level Analysis
The polypropylene market is analyzed and market size, volume information is provided by type, product, grade application and end user as referenced above.
The countries covered in the polypropylene market report are U.S., Canada and Mexico in North America.
United States is expected to dominate the market within the forecast period owing to its high usage in articles-to parts, houseware, appliances, and furniture and injection-molded.
The country section of the polypropylene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polypropylene Market Share Analysis
The polypropylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polypropylene market.
The major players covered in the polypropylene market report are LyondellBasell Industries Holdings B.V.; SABIC; Exxon Mobil Corporation.; DuPont.; INEOS Capital Limited.; Total; Formosa Plastics Corporation, U.S.A.; China Petrochemical Corporation; LG Chem.; Sumitomo Chemical Co., Ltd.; Eastman Chemical Company; BASF SE; Reliance Industries Limited.; Westlake Chemical Corporation; Braskem; Haldia Petrochemicals Limited; LOTTE Chemical CORPORATION.; Trinseo.; HPCL- Mittal Energy Limited (HMEL); Brahmaputra Cracker and Polymer Limited (BCPL) among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.