Global Polypropylene Market Report and Forecast 2022-2027
Global Polypropylene Market Report and Forecast 2022-2027’, the global polypropylene market attained a volume of about 80.8 million metric tons in 2021. Aided by ongoing developments in the market, the market is estimated to further grow at a CAGR of 4.5% between 2022 and 2027 to reach a volume of nearly 107.6 million metric tons by 2027.
Polypropylene refers to a thermoplastic polymer resin, which is extremely versatile and can be moulded into various plastic products. It is obtained by polymerisation of propylene and can be easily customised. Moreover, the compound is lightweight and flexible, which makes it applicable in many packaging applications. The density, melting point, and electrical conductivity of polypropylene are low, and it exhibits good resistance to fatigue. Furthermore, it is highly resistant to various chemical solvents, acids, and bases. The strength and flexibility of the product makes it ideal for the production of household stuff, such as carpets, ropes, and pipes, among others. This has been driving the market growth in the historical period.
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Last Update : 29 September 2022 11:57 AM
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