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2020-09-01
767
Global
Global Polypropylene Market Outlook
Production of the polypropylene resin is dominated by few players globally. Lyondell Basell was the world largest polypropylene manufacturer in 2016, produced around 6.51 million tons of the resin. The second largest polypropylene manufacturer was Sinopec Group with the production of 6.41 million tons followed by PetroChina Group with 4.6 million tons, Braskem Group with 4 million tons of polypropylene production and others. The top ten players account for around 55.00% of the total production of polypropylene worldwide.Global High-Performance Plastics market is projected to reach USD 39.27 Billion by 2030, at a CAGR of 9.11% from 2020 to 2030.
High-Performance Plastics in Automotive Industry: Sales & Production Outlook
High performance plastics are playing an vital role in the automotive sector. Currently, there are about 30,000 parts in a vehicle, out of which 1/3 are made of plastic. Total, around 39 different types of basic plastics and polymers are used to make an automobile. More than 70% of the plastic used in automobiles comes from four polymers: polypropylene, polyurethane, polyamides and PVC. Plastic has become one of the key materials required for the structure, performance, and safety of automobiles in recent years, with growth in plastic consumption being driven by light weighting trends for fuel efficiency and consequently lower greenhouse gas emissions. The high absorption properties of plastics also allow the vehicle to meet stricter safety standards, while the use of engineering plastics allows for minimization of the mass of parts used in vehicles as they offer more design freedom compared to metals.
Global High-Performance Plastics Market Report Regional Coverage
Throughout this research series, Goldstein Research has covered all the region & several countries in great detail. Each country may be purchased as a stand-alone report, tailoring the data to your needs. The covered countries are:
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