Amid the COVID-19 crisis, the global market for Polypropylene estimated at US$80.2 Billion in the year 2020, is projected to reach a revised size of US$105.6 Billion by 2027, growing at a CAGR of 4% over the period 2020-2027.Homopolymer, one of the segments analyzed in the report, is projected to grow at a 4.2% CAGR to reach US$66.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Copolymer segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 37.6% share of the global Polypropylene market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 7.2% CAGR for the Period of 2020-2027
The Polypropylene market in the U. S. is estimated at US$21.6 Billion in the year 2020. The country currently accounts for a 26.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$22.6 Billion in the year 2027 trailing a CAGR of 7.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR while Rest of European market (as defined in the study) will reach US$22.6 Billion by the year 2027.The publisher brings years of research experience to this 18th edition of our report. The 424-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- BASF SE
- Brahmaputra Cracker and Polymer Limited (BCPL)
- Braskem SA
- China Petroleum & Chemical Corporation (SINOPEC)
- E. I. du Pont De Nemours and Company
- Eastman Chemical Company
- Exxon Mobil Corporation
- Formosa Plastics Group
- Haldia Petrochemicals Limited
- HPcl- Mittal Energy Ltd.
- Ineos Group AG
- LG Chem
- Lotte Chemical UK Ltd.
- LyondellBasell Industries NV
- Reliance Industries Ltd.
- SABIC (Saudi Basic Industries Corporation)
- SACO AEI Polymers
- Sumitomo Chemical Co., Ltd.
- Total SA
- Trinseo LLC
- Westlake Chemical Corporation
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Polypropylene Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Polypropylene Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Polypropylene Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 85
© Global Industry Analysts, Inc., USA.