Polypropylene & High-impact Polystyrene Market - Forecast(2021 - 2026)

Report Code: CMR 31879 Report Format: PDF + Excel (Delivery in 48 Hrs)
Polypropylene & High-impact Polystyrene Market size is forecast to reach $62.9 billion by 2025, after growing at a CAGR of 5% during 2020-2025. With rise in the consumption everyday objects such as packaging trays, household products, battery cases, medical devices, among others, the polypropylene & high impact polystyrene market is witnessing an increase in demand. High impact polystyrene (HIPS) is a low-cost, plastic material that has excellent impact resistance and stability, will further enhance the overall market demand for Polypropylene & High-impact Polystyrene during the forecast period. 

Report Coverage

The report: “Polypropylene & High-impact Polystyrene Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polypropylene & High-impact Polystyrene Industry. 

By Material – Polypropylene, Filled Polypropylene, Composite Polypropylene, High-Impact Polystyrene.
By Application - Consumer Good Electronics, Household, Packaging, Construction, Automotive, Textile, Others.
By Geography – North America, South America, Europe, APAC, RoW.
 

Key Takeaways

  • Asia-Pacific dominates the Polypropylene & High-impact Polystyrene market owing to increasing demand from applications such as packaging, automotive among others. 
  • Polypropylene & high-impact polystyrene parts or components are mainly used for piping systems, insulations, wall boards, and roofing purposes, is likely to aid in the market growth of polypropylene & high-impact polystyrene.
  • Increasing adoption of sustainable and environment friendly products, implementation of stringent government regulations will increase the market demand for Polypropylene & High-impact Polystyrene in the near future.
  • Polypropylene products are extremely flammable and will melt when exposed to heat, will create hurdles for the Polypropylene & High-impact Polystyrene market. 

Material - Segment Analysis

Polypropylene holds the largest market share in the polypropylene and high impact polystyrene market as, polypropylene is  also used for making automotive components and, because of the very large market of automotive sector polypropylene will witness an increase in market demand. Polypropylene is an extremely versatile material and can be used for a wide range of applications. PP is tough yet flexible, being classed as semi-rigid. It is extremely resistant to heat, chemicals, and fatigue. Furthermore, it is translucent and has an integral hinge property. Polypropylene is the most popular plastic used for packaging materials in the world. Polypropylene has a relatively slippery surface which can make it a possible substitute for plastics like Acetal (POM) in low friction applications like gears or for use as a contact point for furniture. 

Application - Segment Analysis

Automotive sector has been the primary market for Polypropylene & High-impact Polystyrene because according to the International Organization of Motor Vehicle Manufacturers the Global commercial vehicles sales is likely to reach 100 Million very soon. In automotive sector, vehicle weight reduction has become the most challenging requirement faced by automotive manufacturers and suppliers. Original Equipment Manufacturing (OEM) use polypropylene to produce vehicles that are lightweight, energy efficient, and sustainable. It is also used in combination with metals to improve energy absorption and distribution. Apart from this, it is also used in a variety of parts such as bumper fascias, instrumental panels, and door trims. The low density and recyclability properties are expected to drive the use of polypropylene and high impact polystyrene in the automotive industry during the forecast period.

Geography - Segment Analysis

APAC dominated the Polypropylene & High-impact Polystyrene market with a share of more than xx%, followed by North America and Europe as, APAC is the 2nd largest importer of polypropylene and massive demand for its products. Polypropylene’s characteristics make it ideal for tough, robust products ranging from protective car bumpers to life-saving medical tools to cold-weather gear for our soldiers. Plus it also can be engineered into a wide range of packaging that helps protect products we rely on every day, from medicine to yogurt to baby food. While High Impact Polystyrene (HIS) is a low cost, tough plastic that is easy to thermoform and fabricate. HIPS is often used for countertop point of purchase displays and indoor signs where ease of fabrication is essential.

Drivers – Polypropylene & High-impact Polystyrene Market

  • Wide variety of products

Both Polypropylene and High impact polystyrene produces wide variety of products for different end use industries. Polypropylene includes Clear film packaging, Carpet fibers, Housewares, Rope Labeling, Banknotes, Stationary, Reusable containers, Loudspeakers, Automotive components, Laboratory equipment, Thermal underwear among others. Whereas High impact polystyrene includes Trays, Plates, Housing materials, Prototypes among others. So, because of these wide variety of products and growing popularity towards it, is likely to aid the market demand for polypropylene and high impact polystyrene market.

  • Implementation of Stringent Environment Regulations

Increasing adoption of sustainable and environment friendly products, implementation of stringent government regulations will increase the market demand for Polypropylene & High-impact Polystyrene in the near future. Recycling of polypropylene is emerging as an important, and economically viable, option on a large scale. Polypropylene are recyclable also. The prime thermoplastic polymers used in injection molding, include polypropylene, high-impact polystyrene, low density polyethylene, high density polyethylene, polycarbonate, polystyrene, polyvinyl chloride, polyurethane, and high-impact polystyrene. Polyolefins (POs) are the most widely used commercial polymers. Co-crystallization and co-cross linking can often be the suitable morphologies that are resistant to coalescence.

Challenges – Polypropylene & High-impact Polystyrene Market

  • Impact of COVID 19 on Polypropylene & High-Impact Polystyrene Market

The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for Polypropylene & High- Impact Polystyrene.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polypropylene & High-impact Polystyrene market. In 2019, the market of Polypropylene & High-impact Polystyrene has been consolidated by the top five players accounting for xx% of the share. Major players in the Polypropylene & High-impact Polystyrene Market are Astor Chemical Engineering Co., Ltd, Dowdupont Inc, Dowdupont Inc, Ineos Group Holding S A, King Plastic Corporation among others.

Acquisitions/Technology Launches

  • In June 2018, Toray Industries acquired a plot measuring about 350,000 m2 in Andhra Pradesh, India, for its local subsidiary Toray Industries (India) Private Limited. The company has decided to establish a new base for its polypropylene (PP) spunbond for hygiene materials business, whose market is expected to expand along with the increasing demand for disposable diapers

1. Polypropylene & High-impact Polystyrene Market - Market Overview
    1.1 Definitions and Scope
2. Polypropylene & High-impact Polystyrene Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Material
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Polypropylene & High-impact Polystyrene Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Polypropylene & High-impact Polystyrene Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Polypropylene & High-impact Polystyrene Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Polypropylene & High-impact Polystyrene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Polypropylene & High-impact Polystyrene Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Polypropylene & High-impact Polystyrene Market – By Material (Market Size -$Million)
    8.1 Polypropylene
        8.1.1 Filled Polypropylene
        8.1.2 Composite Polypropylene
    8.2 High-Impact Polystyrene
9. Polypropylene & High-impact Polystyrene Market – By Application (Market Size -$Million)
    9.1 Consumer Good Electronics
    9.2 Household
    9.3 Packaging
    9.4 Construction
    9.5 Automotive
    9.6 Textile
    9.7 Others
10. Polypropylene & High-impact Polystyrene Market - By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Russia
        10.3.6 Spain
        10.3.7 Netherlands
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Australia & New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 RoW
        10.5.1 Middle East
            10.5.1.1 UAE
            10.5.1.2 Saudi Arabia
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
        10.5.2.3 Rest of Africa
11. Polypropylene & High-impact Polystyrene Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Polypropylene & High-impact Polystyrene Market- List of Key Companies by Country (Premium) 
14. Polypropylene & High-impact Polystyrene Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Polypropylene High-Impact Polystyrene Market, By Material Market 2019-2024 ($M)
1.1 Polypropylene Market 2019-2024 ($M) - Global Industry Research
1.1.1 Filled Polypropylene Market 2019-2024 ($M)
1.1.2 Composite Polypropylene Market 2019-2024 ($M)
1.2 High-Impact Polystyrene Market 2019-2024 ($M) - Global Industry Research
2.Global Polypropylene High-Impact Polystyrene Market, By Material Market 2019-2024 (Volume/Units)
2.1 Polypropylene Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Filled Polypropylene Market 2019-2024 (Volume/Units)
2.1.2 Composite Polypropylene Market 2019-2024 (Volume/Units)
2.2 High-Impact Polystyrene Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Polypropylene High-Impact Polystyrene Market, By Material Market 2019-2024 ($M)
3.1 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Filled Polypropylene Market 2019-2024 ($M)
3.1.2 Composite Polypropylene Market 2019-2024 ($M)
3.2 High-Impact Polystyrene Market 2019-2024 ($M) - Regional Industry Research
4.South America Polypropylene High-Impact Polystyrene Market, By Material Market 2019-2024 ($M)
4.1 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Filled Polypropylene Market 2019-2024 ($M)
4.1.2 Composite Polypropylene Market 2019-2024 ($M)
4.2 High-Impact Polystyrene Market 2019-2024 ($M) - Regional Industry Research
5.Europe Polypropylene High-Impact Polystyrene Market, By Material Market 2019-2024 ($M)
5.1 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Filled Polypropylene Market 2019-2024 ($M)
5.1.2 Composite Polypropylene Market 2019-2024 ($M)
5.2 High-Impact Polystyrene Market 2019-2024 ($M) - Regional Industry Research
6.APAC Polypropylene High-Impact Polystyrene Market, By Material Market 2019-2024 ($M)
6.1 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Filled Polypropylene Market 2019-2024 ($M)
6.1.2 Composite Polypropylene Market 2019-2024 ($M)
6.2 High-Impact Polystyrene Market 2019-2024 ($M) - Regional Industry Research
7.MENA Polypropylene High-Impact Polystyrene Market, By Material Market 2019-2024 ($M)
7.1 Polypropylene Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Filled Polypropylene Market 2019-2024 ($M)
7.1.2 Composite Polypropylene Market 2019-2024 ($M)
7.2 High-Impact Polystyrene Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
2.Canada Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
3.Mexico Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
4.Brazil Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
5.Argentina Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
6.Peru Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
7.Colombia Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
8.Chile Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
9.Rest of South America Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
10.UK Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
11.Germany Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
12.France Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
13.Italy Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
14.Spain Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
16.China Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
17.India Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
18.Japan Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
19.South Korea Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
20.South Africa Polypropylene & High-impact Polystyrene Market Revenue, 2019-2024 ($M)
21.North America Polypropylene & High-impact Polystyrene By Application
22.South America Polypropylene & High-impact Polystyrene By Application
23.Europe Polypropylene & High-impact Polystyrene By Application
24.APAC Polypropylene & High-impact Polystyrene By Application
25.MENA Polypropylene & High-impact Polystyrene By Application
26.Astor Chemical Engineering Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Petroleum Chemical Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Dowdupont Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Exxon Mobil Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ineos Group Holding S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.King Plastic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Lg Chem Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Lyondellbasell Industry Holding B.V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Saudi Basic Industry Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Total S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)