The Asia-Pacific Polypropylene Market is Expected to Reach $69,817.0 Million by 2018 - A Report by MicroMarket Monitor
(PRWEB) January 17, 2015 -- Polypropylene is a type of plastic with commercial as well as residential applications. Owing to its property of fatigue resistance, it can be used in high stress applications, such as piping systems, chairs and hinge mechanisms on water bottles. Polypropylene is processed into film for packaging and is used to produce carpet yarns. It is also used for injection molded articles-auto parts, appliances, furniture and housewares.
Browse through the TOC of Asia-Pacific Polypropylene Market for an analysis of industry trends, segments & forecast.
http://www.micromarketmonitor.com/market/asia-pacific-polypropylene-pp-5069269414.html
The Asia-Pacific polypropylene market leads the global market in terms of demand for the product. The market share of the Asia-Pacific region was valued at around $41,227.7 million in 2013 and it is estimated to reach $69,817.0 million by 2018 with a CAGR of 9.9%. The leading countries of this regional market are China, India, Japan and South Korea. China dominated the Asia-Pacific market with a share of around 55%, followed by Japan and India. The leading players in this market are China National Petroleum Corporation (China) and Reliance Industries Ltd. (India). The Indian polypropylene market is estimated to grow with the highest CAGR of around 13.1% between 2013 and 2018.
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The Asia-Pacific Polypropylene market report provides insights on the segmentation based on geography and applications of the product as well as its types. The market is segmented on the basis of geography into China, India and Japan. The applications included in the report are film and sheets, injection molding and fibers and tapes. Injection molding is the largest consumer of polypropylene in Asia-Pacific market.
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The report highlights the market size estimation and forecast for the various market segments. The types of polypropylene covered in the report are Low Density Polypropylene (LDPE), Liner Low Density Polypropylene (LLDPE) and High Density Polypropylene (HDPE). HDP has the highest market share of around 45%, followed by LLDP and LDP.
Related Reports:
Europe Polypropylene (PP):
European Polypropylene (PP) market contributes 20.9% in the Global market with a market value of $17.7 billion in the year 2013, growing at a CAGR of 7.5% and is projected to reach the market value $25.5 billion by the end of the year 2018. The market is fragmented with respect to the application and geography. Insights for each segment are provided in this report.
http://www.micromarketmonitor.com/market/europe-polypropylene-pp-6617274022.html
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