PP HOMOPOLYMER MARKET ANALYSIS

Pp Homopolymer MarketSize and Trends

The global PP homopolymer market is projected to surpass US$ 72.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.5% during the forecast period (2020 to 2027).

Regionally, Asia-pacific dominated the global PP homopolymer market in 2019, reporting 49% market share in terms of revenue, followed by Europe and North America, respectively.

Figure 1. Global PP Homopolymer Market, Revenue Share (%), By Region, 2019

Market Trends

Rising demand for PP homopolymer from the textile industry where it is used to manufacture various appeals is expected to stimulate market growth. The growing trend of health wellness is creating demand for sportswear for both men and women. This is expected to fuel market growth. In addition to this, it is also used in the manufacturing of cold weather undergarments and military wear which is again augmenting the market growth of the PP homopolymer.

Improving lifestyle of the consumers due to growing disposable income is increasing their purchasing power which is creating demand for various consumer goods is expected to augment the market growth of PP homopolymer. Growing demand for luxury carpets coupled with the other home interior products is further expected to augment the market growth of the PP homopolymer over the forecast period.