What Was Impact of COVID-19 on Polypropylene Market
The polypropylene market is driven by the rising demand for this polymer in the packaging industry and increasing consumption of nonwoven polypropylene fibers in various sectors. Often shortened to PP, it is a plastic widely used in chemical and food containers, electronic goods, electrical insulation, pipes, rigid and flexible packaging, carpets, ropes, concrete reinforcements, and even automotive components. Moreover, it is used to manufacture medical devices and components due to its chemical resistance, toughness, elasticity, fatigue resistance, transmissivity, and insulating properties.
Of the two types of PP, homopolymer dominates the polypropylene market because it is highly rigid, tolerates extreme temperatures and corrosive chemicals, and performs well in thermoforming applications. As a result, it has been approved by the USDA, FDA, and National Science Foundation (NSF) for use in plenums & manifolds, orthotic & prosthetic devices, plating & anodizing process equipment, pump components, storage tanks, secondary containers, valve bodies, packaging products, metal finishing products, chemical processing & storage devices, washers, and medical devices.
In the past, the largest share in the polypropylene market was held by the Asia-Pacific (APAC) region. The huge consumer base in the world’s most-populated region is the key reason for the ever-bright prospects for market players here. Additionally, the rapid shift of people from rural areas to cities is driving the demand for automobiles, packaged food, and all other kinds of products that contain PP in some way. Additionally, led by China and India, APAC is the largest producer of plastics, which results in their easy availability for industries.
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