Europe Polypropylene Market Outlook 2021-2027 | Industry Analysis & Growth Forecast by Top Key Players

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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018

Fortune Business Insights™ presents a list of all the polypropylene manufacturers operating in the Europe market. They are as follows

• LyondellBasell Industries N.V. (Netherlands)

• ExxonMobil Chemical (U.S.)

• China National Petroleum Corporation (China)

• INEOS (UK)

• China Petroleum and Chemical Corporation (China)

• SABIC (Saudi Arabia)

• Ducor Petrochemicals (Netherlands)

• Reliance Industries Limited (India)

• Formosa Plastic Group (Taiwan)

• Total S.A. (France)

• Braskem (Brazil)

• BASF SE (Germany)

• Repsol (Spain)

• Borouge (UAE)

• Borealis AG (Austria)

• MOL Group (Hungary)

• Beaulieu International Group (Belgium)

• Other key players

This Report Answers the Following Questions:

• What are the growth drivers, hindrances, and dynamics in the market for Europe polypropylene?

• Which segment is expected to lead the market in the coming years?

• Which region is anticipated to dominate the market in the near future?

• How will the COVID-19 pandemic affect sales of PP?

Drivers and Restraints-

Rising Demand for Processed Food and Beverages to Drive Growth

Europe is experiencing high demand for food products owing to the rising population. Also, the busy and changing lifestyles of people are increasing the need for processed food items that consist of longer shelf-life. This factor is compelling the manufacturers to utilize effective packaging solutions to prevent spoilage of food items. Polypropylene is capable of protecting the food and beverages from becoming stale due to external and internal factors. It can act as a moisture barrier. At the same time, it protects those products from temperature fluctuations and UV rays.

However, the COVID-19 pandemic has caused a rapid decline in the demand for polymers and gasoline. This is further resulting in the fluctuations in the prices of crude oil. Apart from this, the rising restrictions and halt of production processes in various industries owing to the lockdown measures may hamper the Europe polypropylene market growth in the near future.

Segment-

Automotive Segment to Grow Rapidly Owing to Usage of PP in Making Vehicle Parts

Based on end-use industry, the market for Europe polypropylene is fragmented into textile and fiber, infrastructure and construction, healthcare and pharmaceuticals, packaging, agriculture, automotive, electrical and electronics, consumer goods/lifestyle, and others. Out of these, the automotive segment procured 14.0% in terms of the Europe polypropylene market share in 2019. This growth is attributable to the increasing consumption of PP for developing automotive components and parts owing to its high moldability, strength flexibility, and tensile properties. Besides, PP helps in surging the fuel economy by lowering the weight of the vehicle. Also, in 2019, the consumer goods/lifestyle and agriculture segments generated 7.0% and 6.1% shares, respectively.

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Regional Analysis-

High Demand for PP from Healthcare Industry to Favor Growth in France

Geographically, the market is segregated into Poland, Germany, Sweden, Italy, Norway, France, Netherlands, the U.K., Belgium, Spain, and the rest of Europe. Amongst these, Germany is expected to generate the largest market share fueled by the high demand for PP from packaging, infrastructure and construction, and automotive industries. France, on the other hand, is likely to showcase increasing demand from the pharmaceutical and healthcare industries for the production of drug delivery systems, as well as medical devices and equipment. Italy would also exhibit considerable growth in the near future backed by the increasing demand from the automotive industry.

Competitive Landscape-

Key Players Aim to Gain Competitive Edge by Launching Unique Products

The market houses a large number of industry giants that are participating in the strategies of novel product launches and construction of new production lines. Such strategies are helping them to gain a competitive edge and wide consumer base across Europe.

Key Questions Answered:

• Why Choose Fortune Business Insights?

• What are the key demands and trends shaping the market?

• What are the key opportunities in the market?

• What are the key companies operating in the market?

• Which company accounted for the highest market share?

• What is the market size and growth rate of the global and regional market by various segments?

• What is the market size and growth rate of the market for selective countries?

• Which region or sub-segment is expected to drive the market in the forecast period?

• What Factors are estimated to drive and restrain the market growth?

Browse Detailed Research Insights with TOC:

https://www.fortunebusinessinsights.com/europe-polypropylene-market-103475

Detailed Table of Content:

• Introduction

• Executive Summary

• Market Dynamics

• Key Insights

• Europe Polypropylene Market Analysis, Insights and Forecast, 2016-2027

TOC Continued…!!!

Below are a couple of the latest industry developments:

• June 2019: LyondellBasell commences the building of its fourth PP production line in Thailand. The company is doing so through HMC Polymers Company Limited, its joint venture.

• October 2018: SABIC launches its latest ultra-high melt flow PP that is best suitable for personal hygiene applications. It is meant for lightweight breathable non-woven fabrics.

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