The modern-day document posted via Report Ocean, titled “Polypropylene and Polypropylene Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
Injection molding involves the manufacturing of plastic products by injecting molten materials into a mold, where it is melted, cooled, and solidified to form the final product. Thermoplastic and thermosetting injection molded plastics are used to manufacture several parts and components for various applications. The major thermoplastic polymers used in injection molding include polypropylene, high-impact polystyrene, low-density polyethylene, high-density polyethylene, polycarbonate, polypropylene composites, polyvinyl chloride, polyurethane, polysulphone, and others.
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In addition, epoxy resin, polyester, and melamine formaldehyde are some of the prominent thermosetting polymers used for injection molding. The demand for injection polypropylene & polypropylene composites has increased over the last decade, as they can attain complex & intricate shape, minimizing wastage of the material.
Surge in demand for polypropylene and polypropylene composites from various application industries acts as the major driver of the global PP and PP composites market. Moreover, low labor cost, advantage of mass production, and better waste management in the injection molding process have fueled the growth of the market. However, high initial tooling cost of the injection molding and availability of other substitutes providing stiff competition to polypropylene restrain the market growth. Conversely, technological advancements have led to the adoption of robotics in injection molding process, which is expected to provide lucrative opportunities for the market growth.
The report segments the global polypropylene and polypropylene composites market for injection molding on the basis of product, fiber type, application, and geography. Based on product, the market is segmented into polypropylene (PP) and polypropylene composites. On the basis of fiber type, the market is divided into glass fiber, carbon fiber, and others. By application, it is bifurcated into transportation, electrical & electronics, aerospace & defense, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include Borealis AG, Sumitomo Chemicals, Exxon Mobil Corporation, Sinopec Ltd, SABIC, Formosa Plastics Corporation, Lyondell Basell Industries N.V., DuPont, INEOS, and Braskem.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS
Porters Five Force’s analysis helps to analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future scenario of the polypropylene and polypropylene composites market for injection molding from 2017 to 2023 to understand the prevailing opportunities and potential investment pockets.
Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
An in-depth analysis of the current research & developments within the market is provided along with the key dynamic factors.
The key drivers, restrains, and opportunities and their detailed impact analysis has been elucidated in the study.
The profiles of key players along with their key strategic developments have been enlisted in the report.
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Key Market Segments
By Product
Polypropylene (PP)
Polypropylene Composites
By Fiber Type
Glass Fiber
Carbon Fiber
Others
By Application
Transportation
Electricals & Electronics
Aerospace & Defense
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
Spain
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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