Tuesday, 02 January 2024 12:17 GMT

Extruded Polypropylene Market Size To Surpass USD 296.8 Billion With Growing CAGR Of 5.31% By 2029 DOW Chemical Company, Sigma Plastics Group, Exxonmobil Chemical Company


(MENAFN- Ameliorate Digital Consultancy)

Exactitude Consultancy Market Research analyses that the Extruded Polypropylene market will witness a CAGR of 5.31% for the forecast period of 2023-2029 and is likely USD 186.4 billion in 2022 to reach at USD 296.8 billion by 2029.

“extruded polypropylene market” Insights 2023 – by Type (Low-Density Polyethylene, Polypropylene, Polyvinyl Chloride, High-Density Polyethylene, Polystyrene), End-Use (Packaging, Building & Construction, Automotive, Consumer Goods, Electrical & Electronics), By Segmentation analysis, Regions and Forecast to 2029. The Extruded Polypropylene Market Report provides In-depth analysis on the market status of the Extruded Polypropylene Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe., the Extruded Polypropylene Market Report contains Full TOC, Tables and Figures, and Chart with Key Analysis, Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Regions.

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The study pays attention to the loftiest revenue-generating and highest growing segments of the Extruded Polypropylene market. All these insights help explore strategies and accomplish sustainable growth in the market. This makes the research document accurately organized and systematic alongside encouraging a simpler understanding of each facet covered in this report. Major Key players profiled in the report include: DOW Chemical Company, Sigma Plastics Group, ExxonMobil Chemical Company, Bemis Company Inc., SABIC, Chevron Phillips Chemical Company LLC, JM Eagle, Berry Plastics Corporation and others.

Extruded Polypropylene Market Recent Developments

  • July 2022: The Canadian company Heartland Polymers fully commissioned its polypropylene (PP) plant with a planned production capacity of 525,000 tons/year of polypropylene at the Heartland Petrochemical Complex in Alberta, Canada.
  • June 2022: Linde Engineering announced that the company started working on a large-scale revamp of a polypropylene (PP3) plant of Slovnaft, a member of the MOL Group situated in Bratislava, Slovakia. The revamp will extend the plant's production capacity by 18% to 300 kilotons of polypropylene per year and the expansion of the storage facility from 45 to 61 silos in total.
  • April 2022: Exxon Mobil announced that the company expected to start its new ongoing polypropylene manufacturing unit in Baton Rouge, Louisiana, by December 2022.

Exactitude Consultancy Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Exactitude Consultancy Research reports offer a comprehensive Extruded Polypropylene market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.

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Extruded Polypropylene Market Segmentation:

Extruded Polypropylene Market by Type, 2023-2029, (USD Millions, Kilotons)

  • Low-Density Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • High-Density Polyethylene
  • Polystyrene

Extruded Polypropylene Market by End-Use, 2023-2029, (USD Millions, Kilotons)

  • Packaging
  • Building & Construction
  • Automotive
  • Consumer Goods
  • Electrical & Electronics

Geographically, the following regions were investigated:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Extruded Polypropylene Foam Demand Rising Significantly

“Rapidly Rising Extruded PP Foam Usage in Automotive & Construction Sectors”

The extruded polypropylene foam market is set to be majorly driven by high demand from the automotive and construction sectors as they experience an increase in the scope of application of XPP foam.

The characteristic properties of extruded polypropylene foam such as high temperature and chemical resistance, good strength to weight ratio, and recyclability are all highly desirable for construction and automotive applications and hence are predicted to see a prominent rise in use in these industries. Expanded polypropylene foam is also expected to see a steady rise in demand in the automotive industry.

“Increasing Construction Activity to Provide New Market Opportunities”

China is witnessing a substantial increase in construction activity owing to increasing industrialization and urbanization in the country. The government of China is also launching supportive initiatives and new construction projects to promote infrastructure development.

Increasing use of extruded PP foam in the construction industry will bolster market growth in the country over the coming years. Moreover, the presence of a flourishing automotive manufacturing industry is also predicted to provide new opportunities for extruded polypropylene foam manufacturers.

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Extruded Polypropylene market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Extruded Polypropylene market, the years measured, and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Extruded Polypropylene report offers data on imports and exports, sales, production and key companies in all studied regional markets

There are 13 Sections to show the Extruded Polypropylene market:

Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

Chapter 2: Extruded Polypropylene Market Competition by Manufacturers

Chapter 3: Production by Regions

Chapter 4: Consumption by Regions

Chapter 5: Production, By Types, Revenue, and Market share by Types

Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications

Chapter 7: Complete profiling and analysis of Manufacturers

Chapter 8 : Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses

Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10 : Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Extruded Polypropylene Market Effect Factors Analysis

Chapter 12: Market Forecast

Chapter 13: Extruded Polypropylene Market Research Findings and Conclusion, Appendix, methodology, and data source

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Key questions answered in the report include:

  • What is the growth potential of the Extruded Polypropylene market?
  • Which regional markets will emerge as leaders in the next few years?
  • What are the key challenges facing the Extruded Polypropylene market in the future?
  • Who are the most prominent players in the Extruded Polypropylene market?
  • What are the key trends positively impacting market growth?

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