Global PP Homopolymer Market is Expanding Significantly with Launch of new INSPIRE polypropylene by Major Industry Leader Braskem S.A. to replace polyethylene terephthalate (PET)

PP Homopolymer, sometimes called Polypropylene polymer, is an extremely versatile synthetic polymer. It was first manufactured in the early 1970s with the intention of use as an eco-friendly alternative to other plastic materials such as polyethylene. PP was introduced as an improved version of polyethylene and was found to be more durable when treating various different types of plastic. PP is an extremely tough and durable plastic that is well suited for a variety of applications where high strength-to-weight ratio is required. This polymer offers a range of advantages when used as a binder or lubricant. PP is an excellent compound for thermal and friction control due to its high thermal and mechanical resistance.

Increasing demand for polypropylene in the automotive and medical industries is expected to drive growth of the global PP homopolymer market during the forecast period. PP homopolymer has witnessed massive demand from the automotive sector due to its low cost and excellent mechanical properties. PP homopolymer is typically used in automotive parts including battery cases, trays, fender liners, bumpers, interior trim, door trims, and instrumental panels. Besides, polypropylene has witnessed massive adoption in the medical sector. For instance, PP homopolymer is used in HPP, RCP, and injection-molded copolymer polypropylene (ICP). Thus, these factors are expected to drive growth of the global PP homopolymer market growth over the forecast period. Furthermore, increasing preference for polypropylene to metal and other conventional materials in numerous industries is expected to boost the global PP polypropylene market growth over the forecast period. Besides, increasing use of polypropylene in the manufacturing of various products including food containers, cosmetic products, personal care products, etc. is expected to propel the market growth in the near future.However, rising concerns over environmental impact and disposal of plastics combined with the availability of alternative products are expected to restrain growth of the global PP homopolymer market during the forecast period. 

Among regions, North America is expected to witness significant growth in the global PP homopolymer market during the forecast period. This is owing to the presence of robust end-use industries such as packaging, food & beverage, and automobile across the region. Moreover, Europe is expected to expand rapidly, owing to increasing demand for PP homopolymer from the construction industry.

Key companies involved in the global PP homopolymer market are LyondellBasell Industries, The Polyolefin Company (Singapore) Pte Ltd, Braskem S.A., National Petrochemical Industrial Company, The Dow Chemical Company, IRPC Public Company Limited., Reliance Industries Limited, Sasol Limited., L.C.Y. Chemical Corporation, and Total Petrochemicals USA Inc.

For instance, in August 2020, Braskem S.A. introduced a new INSPIRE polypropylene (PP) grade indicated to replace polyethylene terephthalate (PET) in consumer packaging applications.


 

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