Europe Polypropylene Market to See High Growth in Upcoming Year by 2027, Fortune Business Insights™

Fortune Business Insights™Europe Polypropylene Market Size, Share & Industry Analysis, By Type (Homopolymer, Copolymer {Random Copolymer, and Block Copolymer}), Form (Resin and Powder), End-use Industry (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture, Textile & Fiber, and Others), and Country By Type, 2020-2027

Europe polypropylene market sizeUSD 16.76 billionUSD 17.65 billion

The outbreak of the COVID-19 pandemic has caused immense losses for a wide range of industries. Several healthcare companies are persistently striving to discover a vaccine for curing the coronavirus. Our reports are specially curated to provide elaborate information about the effects of this pandemic on every market. It will help you in selecting the right strategy for intensifying competition.

This Report Answers the Following Questions:

· What are the growth drivers, hindrances, and dynamics in the market?

· Which segment is expected to lead the market in the coming years?

· Which region is anticipated to dominate the market in the near future?

· How will the COVID-19 pandemic affect sales of PP?

Drivers & Restraints-

Rising Demand for Processed Food & Beverages to Drive Growth

Europe is experiencing high demand for food products owing to the rising population. Also, the busy and changing lifestyles of people are increasing the need for processed food items that consist of longer shelf-life. This factor is compelling the manufacturers to utilize effective packaging solutions to prevent spoilage of food items. Polypropylene is capable of protecting the food and beverages from becoming stale due to external and internal factors. It can act as a moisture barrier. At the same time, it protects those products from temperature fluctuations and UV rays.

However, the COVID-19 pandemic has caused a rapid decline in the demand for polymers and gasoline. This is further resulting in the fluctuations in the prices of crude oil. Apart from this, the rising restrictions and halt of production processes in various industries owing to the lockdown measures may hamper the Europe polypropylene marketgrowth in the near future.

Browse summary:

https://www.fortunebusinessinsights.com/europe-polypropylene-market-103475

Segment-

Automotive Segment to Grow Rapidly Owing to Usage of PP in Making Vehicle Parts

Based on end-use industry, the market is fragmented into textile & fiber, infrastructure & construction, healthcare & pharmaceuticals, packaging, agriculture, automotive, electrical & electronics, consumer goods/lifestyle, and others. Out of these, the automotive segment procured 14.0% in terms of the Europe polypropylene market share in 2019. This growth is attributable to the increasing consumption of PP for developing automotive components and parts owing to its high moldability, strength flexibility, and tensile properties. Besides, PP helps in surging the fuel economy by lowering the weight of the vehicle.Also, in 2019, the consumer goods/lifestyle and agriculture segments generated 7.0% and 6.1% shares, respectively.

Regional Analysis-

High Demand for PP from Healthcare Industry to Favor Growth in France

Geographically, the market is segregated into Poland, Germany, Sweden, Italy, Norway, France, Netherlands, the U.K., Belgium, Spain, and the rest of Europe. Amongst these, Germany is expected to generate the largest market share fueled by the high demand for PP from packaging, infrastructure & construction, and automotive industries. France, on the other hand, is likely to showcase increasing demand from the pharmaceutical and healthcare industries for the production of drug delivery systems, as well as medical devices and equipment. Italy would also exhibit considerable growth in the near future backed by the increasing demand from the automotive industry.

Competitive Landscape-

Key Players Aim to Gain Competitive Edge by Launching Unique Products

The market houses a large number of industry giants that are participating in the strategies of novel product launches and construction of new production lines. Such strategies are helping them to gain a competitive edge and wide consumer base across Europe. Below are a couple of the latest industry developments:

June 2019

October 2018

Fortune Business Insights™ presents a list of all the polypropylene manufacturers operating in the Europe market. They are as follows:

• LyondellBasell Industries N.V. (Netherlands)

• ExxonMobil Chemical (U.S.)

• China National Petroleum Corporation (China)

• INEOS (UK)

• China Petroleum & Chemical Corporation (China)

• SABIC (Saudi Arabia)

• Ducor Petrochemicals (Netherlands)

• Reliance Industries Limited (India)

• Formosa Plastic Group (Taiwan)

• Total S.A. (France)

• Braskem (Brazil)

• BASF SE (Germany)

• Repsol (Spain)

• Borouge (UAE)

• Borealis AG (Austria)

• MOL Group (Hungary)

• Beaulieu International Group (Belgium)

• Other key players

Request a sample PDF ( includes COVID-19 Impact Analysis):

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/europe-polypropylene-market-103475

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