Polypropylene Consumption to Cross 51 Million Metric Tons by 2010, According to New Report
Global consumption of Polypropylene (PP) is expected to witness healthy growth rate and cross 51 million metric tons by 2010. The resin is expected to evolve as one of the leading polyolefins in the near future. Polypropylene finds extensive application in Extrusion, Injection Molding, and Blow Molding industries. Polypropylene is one of the major polyolefins used in the packaging industry.
San Jose, CA (PRWEB) June 29, 2007
Global Polypropylene market (http://www. strategyr. com/MCP-2126.asp) is expected to increase steadily in the near future, making the resin a leading segment in the total polyolefins market. The growth can be tied up to the increasing applications in food packaging and auto component markets. Developments in technology have provided major players with the opportunity to move into niche markets, which were until recently the domain of smaller players. Economies of scale are a critical factor for determining success, as is the ability to develop products that meet specific requirements of the customers. End-markets for commodity plastics have grown in size and have become globally oriented, and producers need to adapt.
"Polypropylene: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, challenges, product overviews, players and competition. Emphasis is placed on consumption trends, product positioning strategies, consumer preferences, packaging trends, and flavor innovations, among others. The report also offers detailed company profiles and enumerates recent developments, mergers, acquisitions and other strategic industry activities. Analysis is presented for established/emerging geographic markets such as the United States, Japan, France, Germany, U. K., Italy, Spain, Asia and South America.
Asia-Pacific represents the largest market for PP, consuming an estimated 16.8 million metric tons in 2007, followed by Europe and the United States. Collectively the three regions are estimated to account for more than three-fourths of the global consumption of PP. Asia-Pacific region is also projected to be the fastest growing market, followed by South America. Injection molding (http://www. strategyr. com/MCP-2126.asp) depicts the largest as well as the fastest growing end use segment with a compounded annual rate of 6.4 percent. Extrusion (http://www. strategyr. com/MCP-2126.asp) end-use industry represents the second largest application for PP, followed by Blow molding (http://www. strategyr. com/MCP-2126.asp) end-use industries.
The Polypropylene industry is witnessing emergence of new PP companies, and the change of ownership of the existing players. Most of the new players are private owned companies that are headquartered in the Middle East, particularly in Saudi Arabia. Global capacity utilization rate is expected to be as high as 80 percent. Large numbers of PP plants owned by the major players are recording 100% capacity utilization rates, with their entire stocks being sold out. Europe and the US are demonstrating impressive capacity utilizations. Increasing numbers of industry players are expanding their production capacities to meet the augmenting demand for PP resin. However, on the other hand, as the demand for propylene is outstripping gasoline demand, supply of propylene monomer is becoming tighter by the day. Nevertheless, plans are underway to start on-purpose production of propylene in future. China continues to be the significant importer of polypropylene and drive the market for PP along with India.
The market is characterized by the presence of privately owned specialized manufacturers as well as chemical powerhouses. Key players in the marketplace include Alfa S. A. De C. V., Basell Polyolefins, Borealis A/S, Innovene, Dow Chemical Company, DSM NV, Equistar Chemicals, ExxonMobil Chemical Co., Huntsman Corporation, Mitsubishi Chemical Corporation, Reliance Industries Ltd., Royal Dutch/Shell Group, Saudi Basic Industries Corporation (SABIC), Sunoco Chemicals, UBE Industries Ltd., and Union Carbide.
For more details about this research program, please visit www. strategyr. com/MCP-2126.asp (http://www. strategyr. com/MCP-2126.asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR. com
Web Site www. StrategyR. com
###
