Global Polypropylene Market Is Expected to Reach Us$ 133.39 Bn in 2023

Transparency Market

Research

Polypropylene Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

26-Aug-2015

129 Page Report

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Press Release

Polypropylene Market to Reach US$133.3 bn by 2023 owing

to Globally Rising Demand for Lightweight Vehicles : TMR

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Polypropylene Market

REPORT DESCRIPTION

Polypropylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Transparency Market Research has published a new report titled “Polypropylene Market for Packaging,

Automotive, Consumer Products, Electrical & Electronics, Construction, and Other End-user Industries

– Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.” According to the

report, the global polypropylene market was valued at US$ 81.6 Bn in 2014 and is anticipated to reach US$

133.3 Bn by 2023, expanding at a CAGR of 5.7% between 2015 and 2023.

Browse The Full Report At : http://www.transparencymarketresearch.com/polypropylene-market.html

Rising demand for polypropylene in food & beverage packaging coupled with increase in the number of

lightweight vehicles is projected to boost the global polypropylene market between 2015 and 2023. However,

increase in environmental concerns regarding usage of plastics and volatility in prices of raw materials are

likely to hamper market growth during the forecast period. Biobased polypropylene is anticipated to provide

significant opportunities to polypropylene manufacturers in the next few years. Furthermore, emerging

applications in agriculture and medical fields are estimated to create immense opportunities for market players

in the near future.

In terms of volume, Asia Pacific accounted for the largest share of more than 50% of the polypropylene market

in 2014....