Europe Polypropylene Market: increasing demand for pp material packaging industries during 2015-2020
The polypropylene (PP) market is the second largest volume polymer business in the world today, making up 25% of global polymer demand since it is recyclable and usable in various end user applications. There is high scope for the polypropylene products in various applications in industries in the Europe Polypropylene Market during 2015-2020.
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Scope and Regional Forecast of the Europe Polypropylene Market:
In the Europe Polypropylene Market, Propane is one of the most important feedstock in Europe accounting for approximately 70% of the propylene market, which in turn is used in the manufacturing of polypropylene. The polypropylene prices are not stable in the global market due to the high demand for the polypropylene material.
According to the IndustryARC research analysis studies on the Global Europe Polypropylene Market, The increased consumption of plastic products from major developing applications with rapid industrialization is considered as the key driver for the rise of demand in European market. While North America and China are addressing their propylene shortfalls with alternative technologies and feedstocks, Europe, is anticipated to solve imbalances to its propylene supply with additional imports from the nations with oversupply of the product.
Packaging applications accounts for the largest volume of growth in the Europe Polypropylene Market despite weak consumer spending and competitive pressures. PP is losing share to HDPE in caps and closures and under pressure from recycled HDPE in transit packaging. Despite these pressures PP is gaining sales via the development of new grades of resin offering high clarity and fast cycling and via the ingenuity of processors developing solutions with high levels of consumer appeal such as in mould labelling.
Segmentation and Key Players of the Europe Polypropylene Market:
The Europe Polypropylene Market is segmented into various categories in the IndustryARC marketing research report by application and by geography.
By application: packaging, building and construction, automotive, electrical and electronics, consumer electronics and others
By geography: Germany, France, Poland, United Kingdom and Russia
The key players in the Europe Polypropylene Market according to the IndustryARC research report are as follows:
- Borealis AG
- ExxonMobil Corporation
- INEOS Group Limited
- LyondellBasell Industries N.V.
- SABIC (Saudi Arabia Basic Industries Corporation)
The Europe Polypropylene Market is a growing market with expanding its scope of applications in various products. The voluminous use of Polypropylene copolymer product encourages the Polypropylene manufacturers to make this light weight, eco-friendly product in bulk for extensive uses in other end user industries during 2015-2020.
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