Polypropylene Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Regional Insights Promising Growth of the Packaging Industry to Aid the Asia Pacific Market Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billionin 2020. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583

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Polypropylene Market 2020 Developing Factors, Emerging Opportunities, Present and Future Trends, Innovation with Covid-19 Opportunity To 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Segmentation Based on type, the market is bifurcated into homopolymer and copolymer. On the basis of end-user, this market has been segmented into packaging, automotive, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceuticals, electrical & electronics, agriculture, and others. Here, the consumer goods/lifestyle segment accounted for a 7.1% share in the global market in 2020. By region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583

Automotive Plastics Market Trends, Size, Industry Share, Demand, and Business Insights to 2027 The global automotive plastics market size is expected to hit USD 53.85 billion by 2027. This is attributable to the rising automotive sector and the growing demand for additive manufacturing in automotive sector during the forecast period. This information is published by Fortune Business Insights, in its latest report, titled, “Automotive Plastics Market Size, Share & COVID-19 Impact Analysis, By Type (Polypropylene, Polyurethane, Polyamide, Polyvinylchloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polyethylene, and Others), By Application (Interior, Exterior, and Under Bonnet), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 40.91 billion in 2019 and is likely to exhibit a CAGR of 5.3% between 2020 and 2027. What does the Report Include? The market report includes detailed quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. In addition to this, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. Furthermore, it includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce novel products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years. DRIVING FACTORS Increasing Adoption of Advanced Technologies to Favor Growth The growing demand for fuel-efficient automobiles is propelling the manufacturers to adopt advanced technologies such as additive manufacturing. The increasing adoption of 3D printing technology to develop lightweight and advanced plastic products is expected to drive the demand for advanced automotive plastics across the globe. In addition to this, high disposable income and the improved living standards of the people globally is driving the sales of automotive that will contribute to the growth of the global automotive polymers market during the forecast period. REGIONAL INSIGHTS North America to Remain Dominant; Increasing Demand for Automotive Polymers to Aid Growth Among all the regions, North America is expected to remain dominant and hold the highest position in the global automotive plastics market during the forecast period. This is attributable to the increasing demand for automotive polymers owing to their superior properties such as excellent heat resistance, low density, and corrosion inhibition in the region. North America stood at USD 5.93 billion in 2019. The market in Asia-Pacific is expected to showcase an exponential growth backed by the increasing adoption of automotive plastics in the production of automobiles in the region between 2020 and 2027. Information Source: - https://www.fortunebusinessinsights.com/automotive-plastics-market-102023

Automotive Plastics Market 2021, Global Demand, Latest Trends and COVID-19 Impact on Key Players The global automotive plastics market size is expected to hit USD 53.85 billion by 2027. This is attributable to the rising automotive sector and the growing demand for additive manufacturing in automotive sector during the forecast period. This information is published by Fortune Business Insights, in its latest report, titled, “Automotive Plastics Market Size, Share & COVID-19 Impact Analysis, By Type (Polypropylene, Polyurethane, Polyamide, Polyvinylchloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polyethylene, and Others), By Application (Interior, Exterior, and Under Bonnet), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 40.91 billion in 2019 and is likely to exhibit a CAGR of 5.3% between 2020 and 2027. What does the Report Include? The market report includes detailed quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. In addition to this, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. Furthermore, it includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce novel products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years. DRIVING FACTORS Increasing Adoption of Advanced Technologies to Favor Growth The growing demand for fuel-efficient automobiles is propelling the manufacturers to adopt advanced technologies such as additive manufacturing. The increasing adoption of 3D printing technology to develop lightweight and advanced plastic products is expected to drive the demand for advanced automotive plastics across the globe. In addition to this, high disposable income and the improved living standards of the people globally is driving the sales of automotive that will contribute to the growth of the global automotive polymers market during the forecast period. REGIONAL INSIGHTS North America to Remain Dominant; Increasing Demand for Automotive Polymers to Aid Growth Among all the regions, North America is expected to remain dominant and hold the highest position in the global automotive plastics market during the forecast period. This is attributable to the increasing demand for automotive polymers owing to their superior properties such as excellent heat resistance, low density, and corrosion inhibition in the region. North America stood at USD 5.93 billion in 2019. The market in Asia-Pacific is expected to showcase an exponential growth backed by the increasing adoption of automotive plastics in the production of automobiles in the region between 2020 and 2027. Information Source: - https://www.fortunebusinessinsights.com/automotive-plastics-market-102023

The global high performance plastics market size was valued at USD 20.93 billion in 2021. The market is projected to grow from USD 22.71 billion in 2022 to USD 42.08 billion by 2029, exhibiting a CAGR of 9.2% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/high-performance-plastics-market-107109 Segments: Fluoropolymers to Surge Demand due to their Dominant Use in End-use Industries Based on type, the market is segmented into fluoropolymers, polyamides, polyphenylene sulfide (PPS), sulfone polymers (SP), liquid crystal polymers (LCP), and others. The demand for fluoropolymers is comparatively high due to their massive performance in industries.

Automotive Plastics Market Size, Share And Major Industry Players Forecast (2020-2027) The global automotive plastics market size is expected to hit USD 53.85 billion by 2027. This is attributable to the rising automotive sector and the growing demand for additive manufacturing in automotive sector during the forecast period. This information is published by Fortune Business Insights, in its latest report, titled, “Automotive Plastics Market Size, Share & COVID-19 Impact Analysis, By Type (Polypropylene, Polyurethane, Polyamide, Polyvinylchloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polyethylene, and Others), By Application (Interior, Exterior, and Under Bonnet), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 40.91 billion in 2019 and is likely to exhibit a CAGR of 5.3% between 2020 and 2027. What does the Report Include? The market report includes detailed quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. In addition to this, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. Furthermore, it includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce novel products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years. DRIVING FACTORS Increasing Adoption of Advanced Technologies to Favor Growth The growing demand for fuel-efficient automobiles is propelling the manufacturers to adopt advanced technologies such as additive manufacturing. The increasing adoption of 3D printing technology to develop lightweight and advanced plastic products is expected to drive the demand for advanced automotive plastics across the globe. In addition to this, high disposable income and the improved living standards of the people globally is driving the sales of automotive that will contribute to the growth of the global automotive polymers market during the forecast period. REGIONAL INSIGHTS North America to Remain Dominant; Increasing Demand for Automotive Polymers to Aid Growth Among all the regions, North America is expected to remain dominant and hold the highest position in the global automotive plastics market during the forecast period. This is attributable to the increasing demand for automotive polymers owing to their superior properties such as excellent heat resistance, low density, and corrosion inhibition in the region. North America stood at USD 5.93 billion in 2019. The market in Asia-Pacific is expected to showcase an exponential growth backed by the increasing adoption of automotive plastics in the production of automobiles in the region between 2020 and 2027. Information Source: - https://www.fortunebusinessinsights.com/automotive-plastics-market-102023

Automotive Plastics Market Share, Demand, Analysis, Growth, Size and Forecast 2026 The global automotive plastics industry size is expected to hit USD 53.85 billion by 2027. This is attributable to the rising automotive sector and the growing demand for additive manufacturing in automotive sector during the forecast period. This information is published by Fortune Business Insights, in its latest report, titled, “Automotive Plastics Market Size, Share & COVID-19 Impact Analysis, By Type (Polypropylene, Polyurethane, Polyamide, Polyvinylchloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polyethylene, and Others), By Application (Interior, Exterior, and Under Bonnet), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 40.91 billion in 2019 and is likely to exhibit a CAGR of 5.3% between 2020 and 2027. Automotive plastics are type of polymers adopted in the production of automobiles. Generally, four types of plastics are used such as polyurethane, PVC, polypropylene, and polyamides. The plastics are mostly used to reduce the vehicle weight that lead to better fuel consumption and performance. DRIVING FACTORS Increasing Adoption of Advanced Technologies to Favor Growth The growing demand for fuel-efficient automobiles is propelling the manufacturers to adopt advanced technologies such as additive manufacturing. The increasing adoption of 3D printing technology to develop lightweight and advanced plastic products is expected to drive the demand for advanced automotive plastics across the globe. In addition to this, high disposable income and the improved living standards of the people globally is driving the sales of automotive that will contribute to the growth of the global automotive polymers market during the forecast period. REGIONAL INSIGHTS North America to Remain Dominant; Increasing Demand for Automotive Polymers to Aid Growth Among all the regions, North America is expected to remain dominant and hold the highest position in the global automotive plastics market during the forecast period. This is attributable to the increasing demand for automotive polymers owing to their superior properties such as excellent heat resistance, low density, and corrosion inhibition in the region. North America stood at USD 5.93 billion in 2019. COMPETITIVE LANDSCAPE Key Players Focus on Facility Expansion to Strengthen Their Market Positions The global automotive polymers market is consolidated by the presence of key players that are focusing on expanding their production facilities to cater to the growing demand for advanced automotive plastics. Furthermore, other key players are adopting strategies such as merger and acquisition, the introduction of new product, and partnership that is anticipated to bode well for the market growth during the forecast period. Information Source: - https://www.fortunebusinessinsights.com/automotive-plastics-market-102023