It is reported that due to the growing demand for polypropylene materials from Xi'an carton packaging industry such as food and beverages, and the demand for light vehicles, the polypropylene market is expected to show rapid growth in the next few years. On the other hand, the harmful effects of plastics on the environment have caused widespread concern in the society, coupled with unpredictable fluctuations in raw material prices and other factors that may affect the growth of the polypropylene market in the coming years. To overcome this obstacle in the future, polypropylene manufacturers are focusing on the research and development of bio-based polypropylene materials, and are expected to bring new opportunities for the development of the industry by the end of 2023.
PP Packaging Box The end users of the polypropylene market are roughly divided into automotive, packaging, electrical and electronic products, consumer products, construction and other industries including agriculture, medical care, and furniture. Among them, packaging occupies the leading position in the entire terminal market. In 2014, the share of polypropylene in the packaging industry exceeded 45%, and it was also the fastest growing market demand in the entire terminal market. This is mainly due to the fact that polypropylene has advantages such as high temperature resistance and chemical resistance, and is widely used in the production of rigid and flexible packaging products. Secondly, the automotive sector occupies the second largest share of the polypropylene market. Polypropylene materials provide suitable mechanical strength and flexibility to provide vehicles with a high-quality surface finish. At the same time, the weight of polypropylene material is lighter. Compared with other plastic products, the weight of the lighter produced by this material can be reduced by about 15%-20%, which helps to reduce the total weight of the vehicle and further reduce the fuel consumption and carbon dioxide emissions to the environment. Impact. Therefore, the growing demand for light vehicles in developing and developed countries is accelerating the expansion of the global polypropylene market.
According to the market distribution, the polypropylene market is mainly divided into Europe, North America, Latin America, Asia Pacific, the Middle East and Africa. According to statistics, Asia-Pacific region accounted for more than 50% of the global polypropylene market share in 2014, and it is expected that the demand for polypropylene materials in the region by 2023 is expected to achieve further growth, especially in India, China, Brazil and the ASEAN region. The growth in demand for food packaging containers. In addition, more and more supermarkets and retail industries in these countries are further increasing the demand for the polypropylene packaging industry. On the other hand, due to rising demand for polypropylene in the automotive, construction, and packaging industries, Latin America is expected to grow at an above average rate. Europe is a stagnant polypropylene market, but it is expected that the growing automotive industry in the region will promote the development of the polypropylene market.
The current major players in the polypropylene market include BASF, TotalS.A, Braskem, Lyondellbasell IndustriesN.V., Saudi Basic Industries, Borealis AG, Sinopec, and Relais Industries and others.
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