Rising use of polypropylene
across various industries owing to its high flexibility, low screening
threshold, and high impact resistance to fuel its demand across Australia
through 2024
According to
TechSci Research report, “Australia Polypropylene Market By Production
Technology, By Application, By Type, By End-Use Industry, Competition, Forecast
& Opportunities, 2024”, Australia polypropylene market is anticipated to reach
$ 191 million by
2024 on
account of growing usage of propylene in various end user industries due to its
several properties like high durability, mechanical strength and ability to
withstand extreme environment conditions. Moreover, utilization of
polypropylene is increasing in automotive industry as it helps to improve the
efficiency of the vehicle by reducing the overall weight.
Browse 4 market data Tables and 10
Figures spread through 61 Pages and an in-depth TOC on "Australia Polypropylene Market
"
Customers can also request for 10% free customization on this report.
Australia polypropylene
market can be segmented based on production technology, application, type, end-use
industry and region. On the basis of production technology, the market can be
segmented into Spheripol, Unipol, Novolene, Innovene and Montedison. Spheripol
is the preferred production technology and the trend is likely to continue in
the forthcoming years as well. This is due to the reason that spheripol
technology helps to produce polypropylene with less pollution and high
efficiency. In terms of application, the market can be segmented into Raffia,
Impact copolymer, Biaxially-Oriented Polypropylene and Random Copolymer. Raffia
acquired the dominant share in 2018 on account of its increasing use in the
packaging industry. Additionally,
the hydrocarbon polymer resin is the preferred option for the packaging of food
and drinks as it does not contain Bisphenol A (BPA).
LyondellBasell Australia Pty Ltd, ExxonMobil Australia, Total Oil
Australia Pty Ltd., Sumitomo Australia Pty Ltd, Mitsui & Co. (Australia)
Ltd, PTT Public Company Limited, Lotte Chemical Titan Holding Berhad, PolyMirae
Co., Ltd, Sabic Innovative Plastics Australia Pty Ltd., INEOS AG, among others
are the leading players operating in Australia polypropylene market. Companies
operating in the market are using organic strategies and inorganic strategies such
as product launches and mergers &
collaborations to boost their market share.
“Australia polypropylene market is witnessing growth on account of growing focus towards eco-friendly products and ban on single use plastic bags by the government of Australia. Moreover, due to the requirement for cheap and flexible material, polypropylene is finding application in various industries, thereby further driving growth in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Australia Polypropylene Market By Production
Technology, By Application, By Type, By End-Use Industry, Competition, Forecast
& Opportunities, 2024” has evaluated
the future growth potential of Australia polypropylene market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Australia polypropylene market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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