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Polypropylene is a thermoplastic polymer produced by the process of chain polymerization from monomer propylene. It is partially crystalline and non-polar olefin. It is similar to polyethylene but harder and enhanced heat resistance. It has high chemical resistance and is second most used commodity plastic after polyethylene. Polypropylene powder is white in colour and is used in paints and coatings, commodity products, autoclaves for instruments in labs, and other applications.
Increasing demand from electronics, paints and coatings and general manufacturing companies for insulative coatings, autoclaves, sheet form packaging materials, raincoats, spray bottles, raincoats, plastic folders, and others is likely to foster the market growth. additionally, increasing demand for packaging containers from food and beverages industry is driving the market.
However, the disposal of microplastic formed due to wear and tear of the product is likely to hamper the market growth.
Key Market Driver -
Increasing demand from end-use industries.
Key Market Restraint -
Disposal of polypropylene.
Based on type, the market is segmented into extrude grade, general grade, coated grade, and spinning grade. Based on application, the market is segmented into plastic woven industries, homopolymer injection products, fiber products and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global polypropylene powder market consists of global & regional players operating. Some of the key players in the market include Sinopec, Nanjing Petro-chemical, Braskem, BASF, Chambroad Petrochemicals, CNPC, Hong Ji Petrochemcial, Jianyuanchun Chemical, Yongxing Chemical, AM Polymer Research GmbH, LuQing Petrochemical, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounts for the largest share in the market. Moreover, it is the fastest growing market attributed to the easy availability of raw materials and large manufacturing base in China and is expected to further drive the regional market. North America holds significant share in market due to the increasing demand for packaged food products and beverages. Europe is expected to show significant growth due to the adoption of polypropylene containing coatings for automobile and electronics industries. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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