London, UK (PRWEB) July 05, 2013
In 2011, the global polypropylene consumption was estimated at over 42.28 million tonnes. The overall product consumption volume is poised to grow at a nearly 4.4% CARG in the offing and is forecast to surpass 62.38 million tonnes by 2020. The plastic packaging segment is expected to make the substantial contribution to the market growth. This segment is likely to grow from around 12.79 million tonnes in 2011 to more than 19.98 million tonnes in 2020, propelled primarily by the flexible and food packaging sub-segments. China has established itself as a leader on the worldwide polypropylene arena.
Moreover, the demand for polypropylene from the equipment and facilities and electrical industries is expected to show robust growth and amount to above 2.98 million tonnes by 2020, due to sustainable economic growth, developing industrialization and improving lifestyles. Organic plastic polypropylene segment has a healthy outlook through 2020. The Asian polypropylene market is expected to experience the upswing of demand for polypropylene in the next decade.
Research report “Polypropylene Global Market to 2020 - Developing Regions of Asia-Pacific and Middle East and Africa to Drive Polypropylene Market Growth” worked out by GBI Research has been recently published by Market Publishers Ltd.
Title: Polypropylene Global Market to 2020 - Developing Regions of Asia-Pacific and Middle East and Africa to Drive Polypropylene Market Growth
Published: April, 2013
Price: US$ 3,500.00
The report offers an extensive overview of the world polypropylene market with a focus on the demand side. It sheds light on the prominent economic and market trends; scrutinizes factors influencing the market; reviews the current market state and unveils critical data on the market performance and covers all the essential parameters. The study provides insightful analysis of the key demand drivers and restraints; presents comprehensive polypropylene demand assessment by end-use sector, price and competitive landscape at regional and country levels. In addition, detailed future market outlook is on hand in the research study.
More research reports by the publisher can be found at GBI Research page.