Europe Polypropylene Market Size and Share Analysis | Industry Growth Forecast to 2027
Europe Polypropylene Market is set togain momentum from its possession of several beneficial properties. It has highchemical and heat resistance properties and hence, is extensively used in thepackaging of food & beverages.
Fortune Business Insights™ in a new report, titled, “Europe Polypropylene Market Size, Share & COVID-19 Impact Analysis, By Type(Homopolymer, Copolymer {Random Copolymer, and Block Copolymer}), Form (Resinand Powder), End-use Industry (Packaging, Automotive, Infrastructure &Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals,Electrical & Electronics, Agriculture, Textile & Fiber, and Others),and Country By Type, 2020-2027.” The report further states that thePP market size was USD 16.76 billion in 2019 and is projectedto reach USD 17.65 billion by 2027, exhibiting a CAGR of 2.1%during the forecast period.
The outbreak of the COVID-19 pandemichas caused immense losses for a wide range of industries. Several healthcarecompanies are persistently striving to discover a vaccine for curing thecoronavirus. Our reports are specially curated to provide elaborate informationabout the effects of this pandemic on every market. It will help you inselecting the right strategy for intensifying competition.
This Report Answers the Following Questions:
- What are the growth drivers, hindrances, and dynamics in the market for Europe polypropylene?
- Which segment is expected to lead the market in the coming years?
- Which region is anticipated to dominate the market in the near future?
- How will the COVID-19 pandemic affect sales of PP?
Drivers & Restraints-
Rising Demand for Processed Food &Beverages to Drive Growth
Europe is experiencing high demand forfood products owing to the rising population. Also, the busy and changinglifestyles of people are increasing the need for processed food items thatconsist of longer shelf-life. This factor is compelling the manufacturers toutilize effective packaging solutions to prevent spoilage of food items.Polypropylene is capable of protecting the food and beverages from becomingstale due to external and internal factors. It can act as a moisture barrier.At the same time, it protects those products from temperature fluctuations andUV rays.
However, the COVID-19 pandemic hascaused a rapid decline in the demand for polymers and gasoline. This is furtherresulting in the fluctuations in the prices of crude oil. Apart from this, therising restrictions and halt of production processes in various industriesowing to the lockdown measures may hamper the Europe polypropylene marketgrowth in the near future.
Segment-
Automotive Segment to Grow RapidlyOwing to Usage of PP in Making Vehicle Parts
Based on end-use industry, the marketfor Europe polypropylene is fragmented into textile & fiber, infrastructure& construction, healthcare & pharmaceuticals, packaging, agriculture,automotive, electrical & electronics, consumer goods/lifestyle, and others.Out of these, the automotive segment procured 14.0% in terms of the Europepolypropylene market share in 2019. This growth is attributable to theincreasing consumption of PP for developing automotive components and partsowing to its high moldability, strength flexibility, and tensile properties.Besides, PP helps in surging the fuel economy by lowering the weight of thevehicle. Also, in 2019, the consumer goods/lifestyle and agriculture segmentsgenerated 7.0% and 6.1% shares, respectively.
Regional Analysis-
High Demand for PP from HealthcareIndustry to Favor Growth in France
Geographically, the market issegregated into Poland, Germany, Sweden, Italy, Norway, France, Netherlands,the U.K., Belgium, Spain, and the rest of Europe. Amongst these, Germany isexpected to generate the largest market share fueled by the high demand for PPfrom packaging, infrastructure & construction, and automotive industries.France, on the other hand, is likely to showcase increasing demand from thepharmaceutical and healthcare industries for the production of drug deliverysystems, as well as medical devices and equipment. Italy would also exhibitconsiderable growth in the near future backed by the increasing demand from theautomotive industry.
Competitive Landscape-
Key Players Aim to Gain CompetitiveEdge by Launching Unique Products
The market houses a large number ofindustry giants that are participating in the strategies of novel productlaunches and construction of new production lines. Such strategies are helpingthem to gain a competitive edge and wide consumer base across Europe.
Fortune Business Insights™ presents alist of all the polypropylene manufacturers operating in the Europe market.They are as follows
- LyondellBasell Industries N.V. (Netherlands)
- ExxonMobil Chemical (U.S.)
- China National Petroleum Corporation (China)
- INEOS (UK)
- China Petroleum & Chemical Corporation (China)
- SABIC (Saudi Arabia)
- Ducor Petrochemicals (Netherlands)
- Reliance Industries Limited (India)
- Formosa Plastic Group (Taiwan)
- Total S.A. (France)
- Braskem (Brazil)
- BASF SE (Germany)
- Repsol (Spain)
- Borouge (UAE)
- Borealis AG (Austria)
- MOL Group (Hungary)
- Beaulieu International Group (Belgium)
- Other key players
Browse Detailed Research Insights withTOC:
https://www.fortunebusinessinsights.com/europe-polypropylene-market-103475
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Price Trend Analysis
- Europe Polypropylene Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Homopolymer
- Copolymer
- Random Copolymer
- Block Copolymer
- By Form
- Resin
- Powder
- By End-Use Industry
- Packaging
- Automotive
- Infrastructure & Construction
- Consumer Goods/Lifestyle
- Healthcare & Pharmaceuticals
- Electrical & Electronics
- Agriculture
- Textile &Fiber
- Others
- By Country
- Germany
- France
- UK
- Italy
- Spain
- Poland
- Belgium
- Netherlands
- Norway
- Sweden
- Rest of Europe
Below are a couple of the latest industry developments:
- June 2019: LyondellBasell commences the building of its fourth PP production line in Thailand. The company is doing so through HMC Polymers Company Limited, its joint venture.
- October 2018: SABIC launches its latest ultra-high melt flow PP that is best suitable for personal hygiene applications. It is meant for lightweight breathable non-woven fabrics.
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