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In 2014, the Asia Pacific region accounted for 43% of the global polypropylene market, followed by the European region. According to insiders, the Middle East and Africa are expected to become the two regions with the fastest growth in global polypropylene market demand by 2020.
With the automotive and construction industries in emerging countries, such as India, China, Indonesia and other regions, is expected to further promote the growth of the polypropylene market in the Asia Pacific region. Although North American demand for polypropylene materials has declined in the past few years, the market is now at a slow recovery.Hardware aluminum electroplate part Bulk Production
In 2014, the global polypropylene market hit a record high of US $ 95.9 billion. As the industry develops, it is estimated that the global polypropylene market will grow at a rate of 6.3% by 2020, reaching a market size of 138.36 billion U.S. dollars. Data show that in 2014 the global polypropylene production was 53.18 million tons, according to the forecast 4.89% compound annual growth rate, by 2020 the global polypropylene production will reach 70.81 million tons.
Polypropylene materials are widely used in the industry, such as automotive, electronics, packaging, construction and medical industries, occupy the dominant position in the polypropylene application market according to data packaging, accounting for more than 50% of the applied market in 2014, followed by the automotive industry , Occupy 15.47%. As of 2020, equipment and facilities will show a rapid growth trend, while the packaging industry, the demand for lightweight vehicles will drive the rapid development of polypropylene market. However, due to raw material price fluctuations, environmental issues and other restrictions, in turn, will in turn limit the polypropylene market growth. However, the current polypropylene manufacturers committed to bio-based polypropylene research and development, will promote the future development of the polypropylene market.Aluminum electroplate CNC turning product Bulk Production
The global polypropylene market is a fragmented market in 2014, with the top 5 operators in the industry accounting for 31% of the polypropylene market, however, as the pace of acquisitions in the industry accelerates, the market will move towards reunification.