CLEVELAND, Jan. 5, 2021 /PRNewswire/ — Demand for polypropylene resin in the US is forecast to rise less than 1.0% per year in volume terms through 2024, according to Polypropylene: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from the rising output of goods that employ polypropylene such as medical and building products. Expanding construction activity will boost production of building products. Demand in the leading packaging market will be driven by increasing production of goods that utilize polypropylene packaging – particularly beverages, food, and pharmaceuticals. Performance advantages compared to other materials will continue to support demand. Ongoing compounding and processing improvements will enable polypropylene to better compete with alternative materials such as metal. Further advances will be restrained by lightweighting and thinwalling trends – which reduces the volume of plastic required per product – and consumer perception of plastic as an inferior and environmentally harmful material. Polypropylene suppliers will face continued competition from alternative resins such as high-density polyethylene (HDPE) and bottle-grade polyethylene terephthalate (PET).
These and other key insights are featured in Polypropylene: United States. This report forecasts to 2020 and 2024 US polypropylene resin demand and production in pounds, and demand in nominal US dollars at the manufacturer level. Total demand in pounds is segmented by market in terms of:
- consumer and institutional products
- transportation equipment
- furniture and furnishings
- building products
- other markets such as electrical and electronic components, appliances, and machinery components
To illustrate historical trends, total demand in volume and value terms, total production, the various segments, and trade are provided in annual series from 2009 to 2019.
Recycled polypropylene resin is excluded from the scope of this report. Re-exports of polypropylene are excluded from demand and trade figures.
More information about the report is available at:
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Materials & Chemicals reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group