Polypropylene Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023
129 Page Report
Polypropylene Market to Reach US$133.3 bn by 2023 owing to Globally
Rising Demand for Lightweight Vehicles
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A new Transparency Market Research report states that the global polypropylene market was valued at
US$81.6 bn in 2014 and is predicted to reach US$ 133.3 bn by 2023. It is expected to expand at a 5.7%
CAGR in the forecast period between 2015 and 2023. The title of the report is “Polypropylene Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”.The rising demand for
polypropylene within the food and beverages packaging industry, along with the rising demand for
lightweight vehicles, is predicted to fuel the market for polypropylene in the coming years. On the other
hand, the rising concern regarding the hazardous effects of plastics on the environment and the
unpredictable prices of raw materials may inhibit the growth of the market for polypropylene in the coming
years. To overcome this obstacle, manufacturers of polypropylene are focusing on biobased polypropylene,
which will bring in new opportunities by the end of 2023.
Browse the full Polypropylene Market report at :
On the basis of end user, the polypropylene market is segmented into automotive, packaging, electrical
and electronics, consumer products, construction, and others including agriculture, medical, furniture, etc.
Amongst these, in 2014, packaging dominated the market, representing a share of over 45% and is also