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

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

📢 The Global Spiral Freezers Market is Expected to grow at 6% CAGR from 2023 to 2028! 🍲🔝 As per the latest forecast for 2023 to 2028, the spiral freezers market is set to experience substantial growth with a projected Compound Annual Growth Rate (CAGR) of around 6%. This indicates a promising future for the industry. 📈 Get a Sample copy of Report@: https://www.pragmamarketresearch.com/reports/119617/global-spiral-freezers-market-size/inquiry?UTM=PRohit Leading the way in this market are some key players such as GEA, JBT, RMF Freezers, CES, Dantech Freezing Systems, Advanced Equipment Inc., Starfrost, Linde Group, FPS Food Process Solutions, Scanico (Middleby), VDL Systems, Dohmeyer, ICS Spiral Freezers, Heinen Freezing, Mayekawa, KAAK Spirals, I.J. White, Midwest Food Technology, Jet Coldchain, Aeroasia, Square Technology, and Nantong Sinrofreeze. These companies have been at the forefront of innovation, providing efficient and reliable spiral freezers to meet the growing demands of the market. 🏭💪 Get more information on the report@: https://www.pragmamarketresearch.com/reports/119617/global-spiral-freezers-market-size?UTM=PRohit To cater to various needs, the market is segmented into different types: small capacity, medium capacity, large capacity, and others. This segmentation allows businesses to choose the most suitable spiral freezer based on their specific requirements. 🔄 Furthermore, the applications of spiral freezers are vast and diverse. They find extensive use in meat processing, seafood and fish industries, bakery products, and more. With the rising demand for processed food, these spiral freezers play a vital role in maintaining product quality, preserving freshness, and extending shelf life. 🍖🐟🥖 Buy Full Report (Single User) @ https://www.pragmamarketresearch.com/buy/119617?type=su&UTM=PRohit Considering the anticipated growth and expanding applications, investing in spiral freezers presents a lucrative opportunity for businesses in the food processing sector. Stay ahead of the competition and ensure efficiency in your operations by embracing this cutting-edge technology. 💼💡 Don't miss out on the exciting growth prospects offered by the spiral freezers market. Stay updated with the latest advancements and developments to leverage this market's potential for your business's success. 🚀✨ #SpiralFreezers #FoodProcessing #Innovation #MarketGrowth #FutureProspects Contact Us: Pragma Market Research, +1 425 230 0999 Sales@pragmamarketresearch.com