Pp Homopolymer Market, By Product Type (Injection Molding, Film, Other Extrusion, Fiber, and Others), By End-use Industry (Packaging, Textiles, Healthcare, Building and Construction, Automotive, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI3920

Pages :120

Formats :

Excel and PDF

Industry : Polymers and Resins

Market Challenge - Fluctuations in raw material prices

Fluctuations in raw material prices have been one of the major restraints affecting the growth of this market. The prices of crude oil and natural gas, which are the raw materials for producing propylene, tend to be highly volatile in the international markets. For example, according to data from the U.S. Energy Information Administration, the yearly average price of West Texas Intermediate crude oil increased from US$ 46 per barrel in 2020 to US$ 94 per barrel in March 2022.

Market Opportunity - Innovation in Recycling Technologies

This market finds a significant opportunity in advancing recycling technologies. Currently, minimal post-consumer Pp waste is recycled due to contamination, resulting in resource wastage and environmental harm. A 2023 United Nations Environment Programme report highlights that investments in automated sorting with near-infrared and X-ray detection have notably enhanced the purity of sorted plastic streams. As the availability of recycled PP homopolymer resins increases, more product manufacturers are incorporating these sustainable materials into their offerings.