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Polypropylene Market Report and Forecast 2020-2025
Polypropylene Market Report and Forecast 2020-2025
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Max Smith
1 post
Mar 01, 2022
4:39 AM
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The global Polypropylene Market size was valued at USD 117.8 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 3.4% from 2021 to 2028. Ascending application of polypropylenes in fibre, raffia, and film and sheet, coupled with the growing trend of the application of polypropylene (PP) in the automotive sector to manufacture lightweight vehicles for increased fuel efficiency, is anticipated to be the major factors driving the market over the forecast period. Polypropylene is a lightweight material and has a broad range of superior properties, such as resistance to several chemical solvents, acids, and bases, high tensile strength, staining resistance, and low moisture resistance.
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