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Polypropylene Market Analysis by Current Industry Status, Future Demand, Trend, Emerging Factors, Development, Revenue and Forecast to 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Regional Insights Promising Growth of the Packaging Industry to Aid the Asia Pacific Market Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billionin 2020. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583

Injection Molded Plastics Market : Report Highlights the Competitive Scenario with Impact of Drivers And Challenges 2028 The global injection molded plastics market is expected to gain momentum from their rising applications in a wide variety of industries, such as medical, electrical & electronics, building & construction, packaging, and automotive. Fortune Business Insights™ provided this information in a new report, titled, “Injection Molded Plastics Market Size, Share & Industry Analysis, By Resin Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), High-density polyethylene (HDPE), Polystyrene (PS), and Others), By Application (Automotive, Packaging, Building & Construction, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The report further states that the injection molded plastics market size stood at USD 360.06 billion in 2019 and it is projected to reach USD 498.98 billion by 2027, exhibiting a CAGR of 4.80% during the forecast period. The outbreak of the COVID-19 pandemic is likely to cause a mixed growth for the market. The demand for injection molded plastics would decline from electrical & electronics, building & construction, and automotive industries. But, it would surge from the medical and packaging industries. We are delivering special research reports to help you regain business confidence at such a difficult phase. Drivers & Restraints- Increasing Usage in Food & Beverages Industry to Drive Growth Injection molded plastics are nowadays being majorly used in packaging applications. It is experiencing high demand from the food and beverage industry as the material is capable of keeping food items safe. They are extensively used to manufacture bottles, containers, closures, and caps. A container made with injection molded plastic is lead-resistant and clear. Therefore, it keeps food and beverages fresh for a longer period of time. At the same time, these plastics are microwavable, washable, and reusable. These factors are set to propel the injection molded plastics market growth in the coming years. Regional Analysis- Asia Pacific to Remain at Forefront Owing to High Population & Urbanization In 2019, North America procured USD 51.11 billion in terms of revenue. The growth in this region is attributable to the presence of several reputed companies, as well as the increasing demand from the electronics and packaging industries. Asia Pacific is expected to dominate throughout the forthcoming years, with China being the major contributor. Rapid urbanization and increasing population would help the market for injection molded plastics in this region to grow. Information source: https://www.fortunebusinessinsights.com/injection-molded-plastics-market-101970

Durable and Versatile HDPE Plastic Sheets for Your Needs In the realm of plastics, High-Density Polyethylene (HDPE) has emerged as a versatile and durable material with a myriad of applications. Among its many forms, HDPE plastic sheets stand out for their exceptional strength, flexibility, and resistance to various environmental factors. #HDPEPlasticSheets #HDPEPlasticSheetsuppliers #HDPEsheets #HDPESheetmanufacturer #HDPEsheetsuppliers #LDPESheets #LDPESheetsuppliers

Unveiling Our Secrets: LDPE Sheet Manufacturer Reveals Insider Tips The world of LDPE (Low-Density Polyethylene) sheet manufacturing is a complex and competitive one. LDPE sheets are the unsung heroes of many industries, from packaging to construction and agriculture. #LDPEsheetmanufacturers #LDPEsheet

The global ultra-high molecular weight polyethylene market size is estimated to showcase eminent growth owing to the increasing demand from the aerospace and defense industry, observes Fortune Business Insights™ in its report, titled, “Ultra-High Molecular Weight Polyethylene Market Size, Share & Covid-19 Impact Analysis, By Form (Sheets & Films, Rods & Tubes, Fibers, Tapes, and Others), By End-Use (Automotive, Aerospace & Defense, Medical, Chemical, Electronics, and Others) and Regional Forecast, 2020-2027.” The market size was USD 1,691.2 million in 2019 and is anticipated to reach USD 3,319.0 million by 2027, exhibiting a CAGR of 10.1% during the forecast period. Highlights of the Report: In order to prepare this report, we have captured data on the revenue of several key players through secondary sources such as company websites, corporate filings, annual reports, and investor presentations. We have conducted extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives in order to track and analyze competitive developments such as partnerships, mergers & acquisitions, new product launches, and research & development activities. Our next step included the bottom-up procedure to arrive at the overall size of the market. Drivers & Restraints- Increasing Demand for Protective Gear from Aerospace and Defense Industry to Drive Growth The increasing demand for protective gear and equipment from the aerospace and defense industry, coupled with the high demand for a durable material to make fuel-efficient vehicles in the automotive industry is anticipated to drive the ultra-high molecular weight polyethylene market growth. In addition, the increasing military spending among nations is predicted to further strengthen the demand for UHMWPE. For instance, as per an article published on the World Economic Forum, in 2017, the military expenditure worldwide was estimated to reach USD 1739 billion. However, the high cost associated with the product is projected to hinder the growth of UHMWPE. Regional Insights- Increasing Demand for Electric Vehicles in U.S. to Help North America Dominate North America is projected to dominate the global ultra-high molecular weight polyethylene market share with a value of USD 646.6 million in 2019. The increasing demand for electric vehicles in the U.S. is projected to drive the growth of ultra-high molecular weight polyethylene in the region. For instance, according to the U.S. International Trade Commission, there has been a 67% increase in EV sales between 2017 and 2019. Competitive Landscape- Increasing Production Capacity to Aid Key Players Expand Customer Bases Prominent players operating in the global ultra-high molecular weight polyethylene market are focusing on expanding their production capacities. This will help them fill the demand-supply gap and expand their customer base. Browse Summary: https://www.fortunebusinessinsights.com/ultra-high-molecular-weight-polyethylene-uhmwpe-market-102953

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