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Segment Analysis
By Type
The market is segmented as homopolymer and copolymer. The Homopolymer shares more than 81% in 2021 and is expected to maintain its position during the forecast period. Homopolymer polyethylene is widely used in a large number of industries such as packaging, automotive, building & construction, and electrical & electronics owing to its better mechanical properties.
By Application Type
The polypropylene market is segmented as injection molding, fiber & raffia, film & sheet, and blow molding. Film and sheet share nearly 34.6% in 2021 of the market owing to their widespread usage in carpets, carpet backing, and tapes. Injection molding is expected to remain the second-largest segment owing to the growing demand for molded products in an increasing number of end-use industries.
By End-Use Industry Type
The polypropylene market is segmented as packaging, automotive, building & construction, electrical & electronics, medical, and others. The packaging segment shares more than 35%in 2021 during the forecast period. Polypropylene is used in the packaging of food and consumer products.
Article source: https://article-realm.com/article/Finance/30697-Polypropylene-Market-set-to-recoup-post-COVID-19.html
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