Agricultural Films Market Scope and overview, Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2026

The global agricultural films market size is predicted to reach USD 14,315.4 million by 2026, exhibiting a CAGR of 6.5% during the forecast period. The increasing applications of films in tunnels, greenhouses, plastic reservoirs and irrigation systems, mulching, silage and others will spur growth opportunities for the market in the foreseeable future. The constantly rising demand for food has led to a surge for effective additives for plastics in agricultural applications. This, factor will boost the agricultural films market trends. In addition, agricultural film has the capabilities of enhancing the productivity of the crops. Thus, growing demand for agricultural films owing to its capabilities will bolster healthy growth of the market.

The agricultural films Industry size stood at USD 8,686.0 million in 2018.The agricultural films market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about agricultural films market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.

Request Sample PDF file:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/agricultural-films-market-102701

Report Aim & Scope:

• The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.

Market Driver:

Environmental Concerns to Motivate Chances for Biodegradable Films

The growing environmental issues and human health threats has made biodegradable films as an alternative solution for the agricultural films sector. The rising efforts for the development of biodegradable or edible films from biopolymers with an aim to improve crops performance and farming practices among end-users will have a positive impact on the agricultural films market share. Biodegradable agricultural films are made from natural polymers and are propitious, as it improves crop quality, increases yields, reduces water use for irrigation, enhances control, and pesticides. Moreover, strict government guidelines regarding environment protection will result in the expansion of the market in the forthcoming years. In addition, these films are completely organic, helping the bacterial flora to transform films into water and biomass, carbon dioxide or methane, hence reduction in water pollution.

Regional Analysis:

Surge in Food Production to Stimulate Growth in Asia Pacific

The growing population and Favorable government regulations will propel market in the region. North America is predicted to witness a high growth rate during the forecast period owing to the rising consumers shift towards plant based-food. Europe is predicted to rise perpetually in the forthcoming years owing to the rising use of biodegradable agricultural films in the region. The market in Asia Pacific stood at USD 5,924.4 million in 2018 and is expected to grow rapidly during the forecast period owing to the rising food production in the developing countries such as India and China. The growing use of mulching agricultural films will enable healthy growth of the market in Asia Pacific.

Speaks to Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/agricultural-films-market-102701

Key Players Assessment in this Research:

• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in this market
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

The Report Lists the Main Companies in the Agricultural Films Market:

• Coveris
• RKW Group
• TrioplastIndustrier AB
• AbRaniPlastOy
• Armando Alvarez
• BASF
• Berry Global Inc.
• Kuraray Co. Ltd.
• Exxon Mobil Corporation

Key Development:

January 2019: RKW announced to expand Its silage films portfolio with PolydressSiloClassics and PolydressSiloPro. The new portfolio of the company will consist of design offerings to help farmers add a little significant value in terms of work efficiency and silage quality, also covering sustainability to cost-saving needs in agriculture.

Inquire before buying:

https://www.fortunebusinessinsights.com/enquiry/queries/agricultural-films-market-102701

US Titanium Dioxide Market is anticipated to reach USD 24,092.5 million by 2027

 In a recently published report by Fortune Business Insights™, titled, "US Titanium Dioxide Market Report 2022", the analysts have provided an in-depth overview of the US Titanium Dioxide Market. The report is an all-inclusive research study of the US Titanium Dioxide market taking into account the growth factors, recent trends, developments, opportunities, and competitive landscape. Market analysts and researchers have done extensive analysis of the market with the help of research methodologies such as PESTLE and Porter's Five Forces analysis. They have provided accurate and reliable market data and useful recommendations with an aim to help the players gain insight into the overall present and future market scenario.

Request a Sample PDF Report:-  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102390

The Global US Titanium Dioxide Market share is anticipated to grow at a progressive rate owing to the increasing demand for this chemical compound in the automotive industry, observes Fortune Business Insights™ in its report, The globalTiO2 market size reached USD 16,640.4 million in 2019 and is anticipated to reach USD 24,092.5 million by 2027, exhibiting a CAGR of 6.0% during the forecast period. Rising demand for the chemical compound from various end-use industries in the region including automobile, construction, plastic, and papers is one of the major factors driving the growth of this market.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the market. The study assesses the market size of the industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US Titanium Dioxide Market Report:

Top companies covered are Tronox Holdings plc, The Chemours Company , Argex Titanium, Evonik Industries ,The Kish Company, Ishihara Sangyo Kaisha Ltd., Venator Materials PLC. ,Tayca Corporation ,Huntsman Corporation ,NL Industries, INEOS and more players profiled in US Titanium Dioxide Market research report

Most Important Features in this Report:

1. Detailed market study of the US Titanium Dioxide market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The US Titanium Dioxide Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance

Request Here for Customization @  https://www.fortunebusinessinsights.com/enquiry/customization/102390

Regional Segmentation of the US Titanium Dioxide Market:

The US Titanium Dioxide research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The research study also examines the market size and volume at the global and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US Titanium Dioxide Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Marketing Statistics:

The Global US Titanium Dioxide Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the Market. This report provides essential data from the industries to guide new entrants in the global Market.

Market Dynamics:

The report shows details related to the most dominant players in the global US Titanium Dioxide Market, along with contact details, sales, and accurate figures for the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global market are presented in the Research Report.

Table of Content – Analysis of Key Points Analysis:

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global US Titanium Dioxide Market Industry Analysis
Chapter 5. Market by Type
Chapter 6. Market by Application
Chapter 7. Market Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

Enquire Before Purchasing This Report @ https://www.fortunebusinessinsights.com/enquiry/queries/102390

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

Email: sales@fortunebusinessinsights.com 

Pulp and Paper Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2028

The global pulp & paper market is expected to gain impetus from the increasing usage of e-commerce platforms by youngsters to purchase cosmetics, groceries, and food items. It is mainly occurring because of the increasing usage of smartphones and internet worldwide. This information is published by Fortune Business Insights™ in a new report, the report further mentions that the pulp & paper market size was USD 348.83 billion in 2019 and is projected to reach USD 368.10 billion by 2027, exhibiting a CAGR of 0.8% during the forecast period.

The outbreak of the COVID-19 pandemic has brought the world economy to a risky stage. It has disrupted supply chains, caused shortages of beds in hospitals, and halted production of a wide range of industries. Until a vaccine is found, we don’t know till how long this situation will persist. Our reports would help you in finding the right strategy to battle this pandemic.

This Report Answers the Following Questions:

• Which region and segment would dominate the market?
• How will the companies surge sales of pulp & paper in 2020?
• Which strategies would be implemented by players to strengthen their positions?
• What are the challenges, opportunities, dynamics, and growth drivers of the market?

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pulp-and-paper-market-103447

Drivers & Restraints-

Rising Shift of Companies towards Environmentally-friendly Solutions will Spur Growth

Pulp & paper are considered to be the most recyclable and sustainable materials used in packaging across the globe. Nowadays, the environmental concerns are surging and this is further compelling the manufacturers to shift towards eco-friendlier paper packaging solutions. Thus, the prominent FMCG, cosmetics, and food companies are joining hands with pulp & paper manufacturers to develop novel paper packaging solutions.

Apart from that, the emergence of the COVID-19 pandemic has raised the demand for tissue papers, especially from hospitals. These factors would contribute to the pulp & paper market growth in the near future. However, as paper industries require huge amounts of wood, the rate of water crisis & deforestation is increasing day by day. It may hinder the growth of the market for pulp & paper.

Segment-

Wrapping & Packaging Segment to Lead Owing to Usage of Paper Based Packaging Products

Based on category, the market is fragmented into newsprint, sanitary, printing & writing, wrapping & packaging, and others. Out of these, the wrapping & packaging segment generated 52.9% pulp & paper market share in 2019 and is likely to dominate in the coming years. This growth is attributable to the rising usage of paper based packaging products. Additionally, the increasing penetration of the retail sector & e-commerce have surged the demand for wrapping & packaging paper.

Regional Analysis-

Asia Pacific to Lead Backed by Increasing Demand for Paper Based Products

Asia Pacific is set to be the leading consumer of pulp & paper in the world. India is expected to showcase a robust growth throughout the forthcoming years because of the high demand for paper based products in the country. In Malaysia, Indonesia, and Vietnam, the increasing economic growth would open doors to opportunities for paper manufacturers. North America, on the other hand, held USD 64.11 billion in terms of revenue in 2019.

Inquire Before Buying This Report:

https://www.fortunebusinessinsights.com/enquiry/queries/pulp-and-paper-market-103447

Competitive Landscape-

Key Players Focus on Acquisitions & Investments to Intensify Competition

The market consists of numerous enterprises, but International Paper is the leading one. It provides papers of various grades, such as specialty papers, office papers, commercial printing papers, digital papers, and converting papers. Some of the others are mainly focusing on acquisitions and investments strategies to gain a competitive edge. Below are two key industry developments:

• April 2020: Nippon Paper Industries Co. Ltd. successfully acquired the paperboard and fiber based packaging business from Orora Limited. It would help Nippon to develop its business in New Zealand, Australia.
• April 2019: Georgia-Pacific Corporation announced the investments of USD 120 million in its Naheola Paper Mill for improving its bath tissue business. It purchased a new tissue manufacturing machine and built a tissue storage facility.

Fortune Business Insights™ lists out the names of all the prominent pulp & paper manufacturers operating in the market. They are as follows:

• International Paper (Tennessee, USA)
• Georgia-Pacific Corporation (Georgia, USA)
• Nine Dragon Paper (Holdings) Ltd. (Hong Kong)
• Stora Enso Oyj (Helsinki, Finland)
• Sappi Limited (Johannesburg, South Africa)
• Kimberly-Clark Corporation (Texas, USA)
• UPM-Kymmene Oyj (Helsinki, Finland)
• Svenska Cellulosa Aktiebolaget (SCA) (Sundsvall, Sweden)
• Oji Holding Corporation (Tokyo, Japan)
• Nippon Paper Industries Co., Ltd. (Tokyo, Japan)
• The Smurfit Kappa Group (Dublin, Ireland)
• WestRock (Georgia, USA)

Speak to our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/pulp-and-paper-market-103447

Oleochemicals Market Share, Size, Expected Growth Opportunities and Forecast by 2027 | Know the Russia Ukraine Impact On Oleochemicals Industry in US

The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Oleochemicals Market, 2021-2028.” The market size stood at USD 31.42 billion in 2020.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/oleochemicals-market-106250

Russia-Ukraine War Implication

Inkjet Inks Market to See High Growth in Upcoming Year by 2029 | Development of Eco-friendly Inks to Open New Vistas for the Market

 The global inkjet inks market size is set to swell in the upcoming years owing to the emergence of startups specializing in the development of innovative printing solutions, observes Fortune Business Insights™ in its report, The demand for high-quality inks is escalating worldwide as a result of the huge investments made in the diverse domains of advertising, packaging, pharmaceuticals, and food processing. To meet these requirements, several startups have come up, offering novel inks and other printing technologies. For example, US-based C3Nano develops conductive inks and films using the Nanoglue technology and its inks can be applied in various applications such as e-papers, smart windows, solar cells, and touch windows. The company has collaborated with Hitachi Chemicals and Nissha Printing. Another example is an Israel-based startup called Landa Digital Printing has set up Nanographic Printing presses that facilitate the use of digital printing technologies for mainstream applications. The spawning of such startups in the past couple of decades has been an enriching development for the inkjet inks market.

 

Request a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/inkjet-inks-market-103153

 

The Report Addresses the Following Questions:

• What are the key factors shaping the size, share, and overall growth trajectory of the market?
• What are the major challenges facing the market?
• How have the market segments been analyzed?
• Which regions are presenting the most lucrative prospects for the market?
• Who are the top market players and what are their predominant strategies?

Driving Factor

Development of Eco-friendly Inks to Open New Vistas for the Market

The throwing away of toner cartridges that contain old ink can have detrimental effects on the environment as these inks contain volatile organic compounds (VOCs) and heavy metals that pollute soils and water bodies. According to the European Commission, offset printing consumes nearly three million tons of fossil fuel-based inks chemicals every year. As a result, there is a growing preference for eco-friendly inks that have been derived from natural sources, devoid of chemicals and are, thus, biodegradable. For example, a study conducted by researchers from the Calcutta University in India in 2015 found that inks produced from rice bran oil and palm oil led to better results in terms of the ink’s chemical stability and print quality compared to regular hydrocarbon-based inks. Similarly, inks made from soybeans have been found to deliver richer and more accurate colors compared to petroleum-based ink. Thus, inks extracted from vegetable oils have shown enormous potential in terms of applicability and versatility, with the added benefit that they are likely to cause minimal damage to the environment.

 

Get Your Customized Research Report

https://www.fortunebusinessinsights.com/enquiry/customization/inkjet-inks-market-103153

 

Report Aim & Scope:

• An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
• The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.

Regional Insights

Asia Pacific to Sit at the Apex Position; North America & Europe to Exhibit Decent Growth

Geographically, Asia Pacific is expected to dominate the inkjet inks market share in the coming years on account of the rapid expansion of the packaging industry in India and China. Moreover, economic development is encouraging businesses to adopt next-gen printing technologies, which is generating a wide array of opportunities for market players in the region. In North America and Europe, on the other hand, early adoption of advanced printing techniques such as laser printing will ensure stable growth of the market in these regions.

Competitive Landscape

Exciting New Product Releases by Key Players to Energize the Market

Key players are constantly developing and launching new and exciting products to stay ahead of the curve in the competitive landscape of this market. This is leading to increasing investments in research & development activities by the top companies in the market, which is also enabling them to widen their offerings to customers.

Industry Developments:

• October 2020: US-based Chromatic Technologies Inc. (CTI) introduced its glow-in-the-dark water-based inks for food & beverage packaging applications. CTI’s water-based inks are easy to print and have shown to be at par with their solvent or UV ink counterparts.
• October 2020: Fujifilm announced the successful testing of Finishfit Microbe Protect 2400 dispersion varnish for its digital inkjet press, Jet Press. Embedded with a nanosilver active ingredient, the water-based gloss varnish reduces the presence of bacteria and viruses.

 

List of Key Players Covered in the Inkjet Inks Market Report:

• Marabu Printing Inks
• Edge Colours
• Mylan Group
• INX International
• Splashjet
• Shenzhen Groundson Ink Technology
• Hilord
• Sun Chemical
• TOYO INK Corporate
• Kao Collins

 

Inquire Before Buying This Report:

https://www.fortunebusinessinsights.com/enquiry/queries/inkjet-inks-market-103153

 

US industrial filtration Market emerging trends, market drivers, development opportunities

 US industrial filtration Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis.

Key players in the  US industrial filtration market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the  US industrial filtration Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the market in the discussion. The study lays out how the pandemic affected the dynamics of the market and what are the future opportunities for market players.

Request a Sample PDF Report:-  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101206

The US industrial filtration market size is anticipated to reach USD 48.52 Billion by 2026 on account of the rapid urbanization and the increasing need for clean energy and pure water. A recent report Fortune Business Insights™ titled, “US industrial filtration Market Size, Share & Industry Analysis, and Regional Forecast, 2019-2026,” offers a 360-degree overview of the market. According to this report, the market value was USD 34.79 Billion in 2018 and rise at a CAGR of 4.3% between 2019 and 2026.

This research contains in-depth information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to affect the dynamics of the US industrial filtration market. The study assesses the market size of the US industrial filtration industry and examines the key international players’ approach trends. The research also assesses the market’s size in terms of revenue during the predicted period. All data numbers, such as percentage share splits and breakdowns, are derived from secondary sources and double-checked with primary sources. To examine the industry’s primary influencing variables and entry obstacles, the report conducted Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers.

Key Players in the US industrial filtration Market Report:

Top companies covered in the US industrial filtration Market Hollingsworth & Vose Company, 3M, American Air Filter Company, Inc., Dorstener Wire Tech, Ahlstrom-Munjskö, Graver Technologies, Lydall, Inc., Markel Corporation, Filtration Group, Parker Hannifin Corp., Mann + Hummel, Freudenberg Filtration Technologies SE & Co. KG, Aqseptance Group, Mott Corporation, Pall Corporation, Donaldson Company, Inc., Alfa Laval Inc., Universal Filtration and more players profiled.

The following are some of the US industrial filtration Market Reports' Most Important Features:

1. Detailed market study of the US industrial filtration market
2. Changing industry competitive landscape
3. Detailed competitive categorization
4. Historical, current, and forecast market size in quantity and value
5. Recent industry trends and developments
6. The US industrial filtration Market’s Competitive Landscape Key Players’ Strategies and Product Portfolio
7. Segments/Regions Showing Promising Growth a Neutral Perspective on the US industrial filtration Market Performance

US industrial filtration Market Segmentation

Next, the research report reveals the development of the US industrial filtration market segments. Analysts have segmented the market on the basis of product/service type, application, end-users, and geography. Analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovations that are likely to impact them. In terms of geography, the report studies the changing political environment, social upliftment, and other government initiatives that are expected to contribute to the regional markets.

Regional Segmentation of the US industrial filtration Market:

The US industrial filtration research examines the market size, sales, segmentation, and a complete examination of geographies, with a focus on the industry’s top suppliers. Similarly, the US industrial filtration study employs a cutting-edge research technique to provide data on market trends in a number of key sectors of the industry. The US industrial filtration research study also examines the market size and volume at the and local levels. Following is the Regional Segmentation:

» North America
» Europe
» China
» Asia-Pacific
» Japan

The report studies the US industrial filtration Market by assessing the market chain, current policies, and regulations, as well as manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional market for the US industrial filtration Market is examined by analyzing the price of the products in the region in relation to the profit generated.

Scope of the Report:

An in-depth analysis of statistics on current and emerging trends provides clarity regarding US industrial filtration industry dynamics. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, competitive strength, and promising emerging businessmen to understand a resource. precious. Further, the report covers the US industrial filtration research data of various companies, benefits, gross margin, market strategic decisions, and more through tables, graphs, and figures. infographics.

Report Conclusion:

The report focuses on a thorough and comprehensive examination of the US industrial filtration industry, covering business patterns such as opportunities and innovations that are predicted to take advantage of the current market environment and strategic status. This market study report analyses the findings of in-house expert interviews, extensive secondary examinations, and primary interviews.

Table of Content – Analysis of Key Points:

Chapter 1. Executive Summary
Chapter 2.  Market Definition and Scope
Chapter 3.  Market Dynamics
Chapter 4.  US industrial filtration Market Industry Analysis
Chapter 5. US industrial filtration  Market, by Type
Chapter 6. US industrial filtration  Market, by Application
Chapter 7. US industrial filtration  Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Research Process

Continued…

Polypropylene Market SWOT Analysis by Growth Factors from 2022-2028

The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021.

Advancements in Plastic Recycling Technologies to Create New Growth Opportunities

Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/sample/polypropylene-pp-market-101583

 

Segmentation

Based on type, the market is bifurcated into homo polymer and copolymer.

On the basis of end-user, this market has been segmented into packaging, automotive, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceuticals, electrical & electronics, agriculture, and others. Here, the consumer goods/lifestyle segment accounted for a 7.1% share in the global market in 2020.

By region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

COVID-19 Impact

The polypropylene market growth slumped by 1.1% in 2020 due to the sharp decline in the demand for polymers from the automotive industry amid the COVID-19 pandemic. With multiple restrictions in place around the world, automakers have had to close down many of their plants to adhere with government rules. Moreover, the adoption of vehicles is tumbling worldwide as a large chunk of people are working from home, resulting in an unprecedented contraction in the utilization of cars across the globe.

 

Highlights of the Report

The report supplies an in-depth examination of the various factors shaping the growth trajectory of the market, along with a detailed analysis of the hindrances facing the market. Additionally, the report contains a comprehensive study of the regional and competitive dynamics influencing the market, as well as a careful assessment of the individual market segments.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/polypropylene-pp-market-101583

 

Competitive Landscape

Launch of Breakthrough Products by Key Players to Electrify the Market

As the demand for novel polymer formulations continues to rise, key players in this market are investing strategically in research & development activities to build breakthrough polypropylene-based products. These offerings are being designed for diverse applications across industries, which, in turn, will deepen the companies’ foothold in the market.

Industry Development

• December 2020: LyondellBasell introduced Beon3D, an inventive suite of PP products that combines additive manufacturing solutions with polymer technologies. The new line has been engineered to facilitate the designing and production of complex and high-quality 3D objects.

 

List of Key Players Covered in this Market Report

• Beaulieu International Group (Belgium)
• Borealis AG (Austria)
• Repsol (Spain)
• Braskem (Brazil
• Formosa Plastic Group (Taiwan)
• Ducor Petrochemicals (Netherlands)
• China Petroleum & Chemical Corporation (China)
• China National Petroleum Corporation (China)
• LyondellBasell Industries N.V. (Netherlands)
• MOL Group (Hungary)
• Borouge (UAE)
• BASF SE (Germany)
• Total S.A. (France)
• Reliance Industries Limited (India)
• SABIC (Saudi Arabia)
• INEOS (UK)
• ExxonMobil Chemical (U.S.)

 

Inquiry before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/polypropylene-pp-market-101583

 

Driving Factor

Integration of PP in Electric Vehicles to Catalyze Market Growth

With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market.

 

Regional Insights

Promising Growth of the Packaging Industry to Aid the Asia Pacific Market

Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billion in 2020.

The market in North America is expected to make substantial headway, albeit at a CAGR lower than that of Asia Pacific, due to the extensive utilization of polypropylene in electronics manufacturing in the region. In Europe, the principal factor aiding the PP market is the enormous production and consumption of automobiles.

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

 

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner - Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.        

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

 

Connect us via Social Media Channels:

LinkedIn  Facebook  Twitter               Blogs