Polypropylene
Regions Covered
USA
SEA
Europe
LATAM
Regions Covered
USA
SEA
Europe
LATAM
The global PP market is expected to reach $115 billion by 2022. The market is expected to grow between 5-6% until 2022 with APAC emerging as the highest demand generating geography followed by Europe and North America. Key-driving end-use industries are CPG segment (food/non-food containers, caps-closures, films, etc.) and auto components (internal structures, bumpers, dashboard carriers, door panels). China is a leading consumer and a net importer of PP from NEA countries. Additional capacity in China in the next five years would reduce its import dependency over the others.
Post 2015, the US has become self-sufficient from the monomer (propylene) front via PDH technology, and it has led to higher margins for the domestic producers. However, surplus of ethylene via cheaper ethane based feedstock has resulted in lower usage of naphtha as a feedstock for ethylene production. Hence, the production of propylene as a by-product has come down in Q2 & Q3 2018, which has significantly impacted the prices of PP in North America.
Beroe gathers intelligence through primary sources that include industry experts, researchers and consultants, as well as current suppliers, producers and distributors. Secondary sources can include subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Following data collation, analysis and strategic review, the final report is published.
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