Polypropylene Market- Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2013-2019

Transparency Market

Research

Polypropylene Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast, 2013 - 2019

Published Date

26-Feb-2014

84 Page Report

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Press Release

Polypropylene Market Steered by Packaging Applications, to Post

6.3% CAGR between 2013 and 2019

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Polypropylene Market

REPORT DESCRIPTION

Polypropylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 2019

While on one hand, applications such as packaging, automation, and consumer products will stimulate growth

in the global polypropylene market, environmental concerns act as an impediment to growth, says a latest

study by Transparency Market Research. The U.S.-based market research firm expects the global

polypropylene market to reach US$124.01 billion by 2019 from its 2012 value of US$77.46 billion, registering a

CAGR of 6.3% between 2013 and 2019. These findings are detailed in the report titled, ‘Polypropylene Market

- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.’Among other drivers for the

polypropylene market, the report ranks changing lifestyles and higher disposable incomes among the top

factors. The demand for polypropylene is soaring in emerging economies in the Asia Pacific region, and this

reflects in the increased demand for the material from various end-use industries. However, the growth

prospects of the global polypropylene market will be somewhat dampened by the volatility in raw material

prices and the negative environmental associations linked with the use of polypropylene. This factor, however,

opens up potentially lucrative opportunities for the development of bio-based polypropylene rather than

focusing development efforts on synthetic polypropylene.

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