Skip to main content

Polypropylene market to reach US$133.39 billon by 2023

Published by , Digital Assistant Editor
Hydrocarbon Engineering,


According to a report published by Transparency Market Research the polypropylene market is expected to reach US$133.39 billion in 2023, expanding at a CAGR of 5.7% between 2015 and 2023.

The rise in demand in the packaging industry, which accounted for over 45% of the demand in 2014, is likely to augment the global polypropylene market in the next few year, as is the increased demand for lightweight vehicles. The automobile industry was the second-largest consumer of polypropylene in 2014 as polypropylene can reduce the overall weight of the vehicle when used effectively.

Edited from press prelease by

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/28082015/polypropylene-market-to-reach-us133-billon-by-2023-1322/

You might also like

The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process

In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):