Polypropylene Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2030
According to a new report by Reports and Data, the global Polypropylene Market is forecast to reach USD 239.84 Billion by 2030. Increasing adoption of PP in the 3D Printing industry owing to its superior chemical resistance is a significant factor influencing market demand. Polypropylene has the lowest density out of all commonly used in manufacturing plastics, which makes it very light. Other benefits associated with the material, including flexibility, durability, and electrical resistance, make it highly practical for the industry. Currently, the product is being used in the healthcare sector to manufacture medical vials, diagnostic devices, specimen bottles, and pill containers. Major factors driving market revenue growth are rising demand from the automotive industry, growing adoption of the product for packaging applications, and increasing installation of propane dehydrogenation facilities across the world. Rising adoption of Electric Vehicles (EVs) and various initiatives