Polypropylene Homopolymer Market: Drivers & Restraints
Homopolymers, also known as polypropylene homopolymers, are the widely used types of polypropylene. They provide high strength-to-weight ratio and are stiffer than copolymers. Excellent chemical resistance enables the usage of polypropylene homopolymers in various corrosion resistant structures. Increase in demand for polypropylene in automotive and medical industries in Asia Pacific is expected to fuel the homopolymers market during the forecast period.
Polypropylene homopolymer is widely used in the manufacture of various products for household, automotive, electrical, electronics, packaging, personal care, medical, and other applications in the plastic processing industry. Polypropylene homopolymer offers high strength-to-weight ratio and good chemical resistance and weldability. Owing to its vast application base, PP homopolymer is a large volume commodity material. Increase in consumption of PP homopolymer in the packaging industry and expansion in the retail sector are estimated to boost the market during the forecast period.
Polypropylene Homopolymer Market: Key Segments
Based on type, the polypropylene homopolymer market can be segmented into injecting molding, film & sheet, fiber, extrusion, blow molding and others. Consumption of polypropylene homopolymer in the blow molding application has been rising due to the increase in demand for packaged food and beverages in emerging countries. Polypropylene is majorly used in the blow molding application due to its ability to withstand elevated temperatures. It can be easily steam sterilized and has high melting point. Its common applications include water bottles, shampoo bottles, and lubricant/pesticide containers.
In terms of end-use industry, the polypropylene homopolymer market can be divided into packaging, electrical & electronics, textile, automotive, building & construction, medical, and others. The packaging segment is expected to dominate the global polypropylene homopolymer market. Rise in consumption of polypropylene homopolymer, particularly in flexible packaging applications, is expected to boost the packaging segment.