According to a recent market study published by Growth Market Reports, titled, "Global Polypropylene Terpolymer Market by sealing temperature type, applications, and regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 6,832 Million in 2020 and is expected to grow at a healthy growth rate of 5.4% by the year 2028. Ter PP is a product made by combining propylene with ethylene and butane as a monomer (Co-monomer).

It has greater physical properties in terms of transparency than HOMO PP and a lower melting temperature, so is used as a raw material for the low-temperature processing industry; it is used in thermal sealant films such as films for packaging foods, beverages, and so on. Terpolymer PP (Heat Seal) films are used in a wide range of modern applications such as cable wrap and insulation, printing and lamination films, flexible food packaging, stationery, pressure-sensitive adhesive tape, and metalized barrier films. Growing applications of polypropylene terpolymer in a variety of verticals in this region are expected to drive the market in the forecast period, owing to the rising demand for eco-friendly polypropylene-based materials.

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The Global Polypropylene Terpolymer market has been fragmented based on sealing temperature, application, and regions. In terms of sealing temperature, the global Polypropylene Terpolymer market is categorized as below up to 75-94°C, 95-104°C, 105-114°C, and 115°C & Above. In terms of applications, the market is classified as CPP, BOPP, shrink film, and others, considering regions, the Polypropylene Terpolymer market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa (MEA).

North American region is further divided into countries such as the U.S., and Canada. Asia Pacific is further separated into, China, India, Japan, South Korea, Southeast Asia, Australia, and Rest of Asia Pacific. The European region is further segregated into Germany, France, the U.K., Italy, Russia, Spain, and the Rest of Europe. The Latin America is further split into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into UAE, Saudi Arabia, South Africa, and the Rest of MEA.

The COVID-19 outbreak had a minor impact on polypropylene production and supply. A lockdown, supply chain disruptions, raw material shortages, and a temporary drop in demand for TER PP all hampered the market. The economic crisis is expected to cause significant economic disruptions, and consumers are expected to reduce discretionary spending on travel and tourism, affecting related plastics consumption.

During the COVID-19 pandemic, there was a negative impact on activities in Polypropylene Terpolymer-related processes all over the world; demand for Polypropylene Terpolymer decreased throughout the pandemic. Industries such as automotive manufacturing, electronics manufacturing, and agricultural chemical manufacturing slowed or stopped production. In contrast, the market is expected to expand rapidly in the future due to rising demand from the healthcare, FMCG, and e-commerce industries. The market is expected to pick up steam in the second and third quarters of 2021.

As per growth market reports industry analyst Rajat Verma, “The expanding Healthcare, FMCG, and e-commerce industries are expected to contribute to the growth of the global Polypropylene Terpolymer Market.

Key Takeaways from the Study

  • Propylene terpolymer is used in a wide range of applications, including automotive, consumer goods, medical, building and construction, electrical housing, lubricant, adhesive and sealant, packaging, and other industrial applications. Demand for packaging materials is rapidly growing, due to increasing urbanization, rising consumer demand, growing population. This expansion of PP TER products is expected to increase demand for sealing, laminating, and packaging, which will fuel demand for Polypropylene Terpolymer.
  • Growing technological advancement in the chemical production process. Businesses are concerned about investing in innovative products and product development. These companies are now developing enhanced conventional catalysts with PP degrees, as well as looking into new opportunities in the plastics industries in the forecast period. Polypropylene has boosted worldwide attention due to the growing number of applications.
  • Asia Pacific is expected to account for significant growth in the global market, owing to rapid industrialization, improving economic conditions, the availability of cheap labour in the region, and supportive government policies.
  • Based on application, the global polypropylene terpolymer market is segmented into up to BOPP, CPP, shrink film, and other segments is expected to grow at a rapid pace during the forecast period, the BOPP and Shrink segment grew significantly, owing to which necessitates high-quality packaging materials, increased e-commerce activity in the region, as well as increased per capita consumption of packaged foods and beverages, which drives demand for BOPP films.

Report Scope

Report Metric

Details

Market Value in 2020

USD 6,832 Million

Market Growth Rate (from 2022 to 2028)

5.4%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Sealing temperature types, Applications, Region

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

Borealis AG, Braskem, Hanwha Total Petrochemical Co. Ltd, HMC Polymers, INEOS, LG Chem, LOTTE Chemical CORPORATION, LyondellBasell Industries Holdings B.V., JPPC, Mitsui Chemicals Europe GmbH, The Polyolefin Company (Singapore) Pte Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Polypropylene Terpolymer manufacturers, and suppliers.
  • Demand Side: Chemical industry, Healthcare, FMCG, E-commerce, and automotive & electronics industry.
  • Associations and Industry or Regulatory Bodies: US FDA- U. S. Food & Drug Administration, US FDA- Food Ingredients & Packaging, U.S. Department of Agriculture (USDA), FPA- Flexible Packaging Association is the U.S. association, ISO- International Standards Organization, GSO -The GCC (Gulf Cooperation Council) Standardization Organization, REACH Regulation- Stands for Registration, Evaluation, Authorization and Restriction of Chemicals, and IGA- Inter-Governmental Agreement.