Polypropylene Terpolymer Market Trends, Industry & Size 2031
Global Polypropylene Terpolymer Market
Segments - by Sealing Temperature (75-94°C, 95-104°C, 105-114°C, and 115°C & Above), Applications (BOPP, CPP, shrink film, and others), and by Regions (North America, Asia Pacific, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 -2031
Segments - by Sealing Temperature (75-94°C, 95-104°C, 105-114°C, and 115°C & Above), Applications (BOPP, CPP, shrink film, and others), and by Regions (North America, Asia Pacific, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 -2031
Global Polypropylene Terpolymer Market Outlook 2031:
The global Polypropylene Terpolymer Market size was valued at USD 7.59 Billion in 2022 and is expected to reach USD 12.18 Billion by 2031 projected to expand at a CAGR of 5.4% during the forecast period, 2023 – 2031. Polypropylene Terpolymer refers to an inorganic compound and is one of the oxides of copper. Polypropylene terpolymer is formed by the combination of propylene segments, ethylene monomers, and co-polymer.
Polypropylene Terpolymer - It is made up of propylene segments that are joined together by ethylene and butane monomers (co-monomers) that appear at random along the polymer chain. PP terpolymer has a higher transparency than PP homo. The addition of co-monomers reduces the polymer's crystalline uniformity, making it suitable for sealing film applications. Composite films, metal composite films, and bags are examples of processing and manufacturing fields.
Polypropylene Terpolymer Market Dynamics
The key end-use industries of propylene terpolymer are expanding. Packaging is the most important end-use industry for PP TER. Several types of polymers are currently used in food packaging. Plastics have risen to prominence as the most widely used packaging material for a wide range of products, including food, beverages, healthcare, chemicals, and electronic devices. They clearly outperform traditional materials. The packaging industry's growth, combined with the industry's heavy use of PP TER, is expected to drive the market during the forecast period.
Propylene terpolymer products are in high demand. Propylene terpolymer is used in a wide range of applications, including automotive, consumer goods, medical, FMCG, lubricant, adhesive and sealant, packaging, and other industrial applications. The primary application driving the growth of the global propylene terpolymer market is the use of propylene terpolymer as ethylene-propylene-diene monomer (EPDM) rubber.
Increased Chemical manufacturing and infrastructure investment The global chemicals manufacturing industry is a complex and important part of the global economy and supply chain network. People in the United States spend less on transportation infrastructure than the rest of the world, including the OECD and China, in terms of GDP.
In the automotive industry, it is widely used. It is used in a wide range of applications, including consumer product packaging and the automotive industry. Polypropylene is used in car bumpers and wheel covers, as well as chemical tanks, cable insulation, and carpet fibres. This positive factor is expected to increase its demand for anti-bacterial purposes and drive the market during the forecast period.
Various Government policies and regulations implemented by governments worldwide to regulate the production of polypropylene terpolymer are expected to have a significant impact on product growth and pricing. Short-term demand for polypropylene terpolymer is expected to be hampered by stringent requirements for small and medium-sized producers.
Substitutes are a significant threat to polypropylene. Polystyrene (PS), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and polyethylene are examples of plastics other than polypropylene (PE). These plastic materials pose a significant threat to polypropylene terpolymer. This factor is expected to impede the market during the forecast period.
In recent years, Consumer demand for safe, healthy, and high-quality foods, preferably with a long shelf life; preference for sustainable packaging materials; and high demand for appropriate and transparent packaging all contributed to the advancement of new packaging technologies, such as active packaging (AP). Plastic films are inexpensive and have good barrier properties. These benefits are estimated to propel polypropylene terpolymer market during the forecast period.
Scope of Polypropylene Terpolymer Market Report:
The report on the global polypropylene terpolymer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
Details
Report Title
Polypropylene Terpolymer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year
2022
Historic Data
2016 – 2021
Forecast Period
2023–2031
Segmentation
By Sealing Temperature (75-94°C, 95-104°C, 105-114°C, and 115°C & Above), and By Applications (BOPP, CPP, Shrink Film, Others)
Regional Scope
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report
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.
Polypropylene Terpolymer Market Segmental Outlook
By Sealing Temperature Segment
Based on sealing temperature, the global polypropylene terpolymer market is segmented into 75-94°C, 95-104°C, 105-114°C, and 115°C & Above.
The 95-104°C segment is anticipated to hold a significant share of the market and is expected to grow at a substantial CAGR during the forecast period. The 115°C & Above segment is expected to boost substantial growth opportunities in the near future, as it is used in many applications such as a sealing temperature of more than 115° C is required in the automotive, aerospace, and electronic industries.
By Applications Segment
Based on applications, the global Polypropylene Terpolymer marketis segmented into BOPP, CPP, shrink film, and others.
The BOPP segment is expected to hold a significant share of the market due to of their low cost and favorable properties. BOPP is used in a wide range of applications such as food packaging, multipurpose packaging, and adhesive-tape packing. BOPP film is used for a variety of purposes, including packaging, labelling, and lamination, and is expected to expand at a considerable CAGR during the forecast period.
The Shrink film segment is projected to grow, owing to Shrink film is commonly used to bundle, collate, or overwrap products for unitization, display aesthetics, and/or tamper resistance, are expected to record significant growth opportunities in the near future.
Regional Outlook
Based on regions, the global Polypropylene Terpolymer market is fragmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific accounted for a significant share of the market in 2020 and the market in Asia Pacific is anticipated to expand at high CAGR in the forecast period of 2021 to 2028.
Due to changes in the industry, such as growing middle-class population, and massive capacity expansion investments by key players in the region, the propylene terpolymer market in emerging economies such as China and India are expected to grow at a rapid pace during the forecast period. The market in Europe is predictable to hold a sizeable share of the market during the forecast period and expand at a considerable CAGR during the forecast period due to due to the growing use of polypropylene terpolymer in material packaging, such as flexible packaging.
The market in Asia Pacific is projected to account for a significant share of the market during the forecast period due to a customer expectation in the region are being shaped by the expansion of the e-commerce industry as well as the growing desire for convenience.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Polypropylene Terpolymer Market.
Historical, Current and Projected Market Size in terms of Value.
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Polypropylene Terpolymer Market Performance
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. These players are key manufacturers in the market.
To increase demand for Polypropylene Terpolymer product applications, the players are implementing key strategies such as product development, geographical expansion, mergers and acquisitions, and a variety of other strategies.
Chapter 1 Executive Summary Chapter 2 Assumptions and Acronyms Used Chapter 3 Research Methodology Chapter 4 Polypropylene Terpolymer Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Polypropylene Terpolymer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Polypropylene Terpolymer Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Polypropylene Terpolymer Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Polypropylene Terpolymer Market Size & Forecast, 2018-2028 4.5.1 Polypropylene Terpolymer Market Size and Y-o-Y Growth 4.5.2 Polypropylene Terpolymer Market Absolute $ Opportunity 4.6 Global Polypropylene Terpolymer Market: Impact Of Key Regulations 4.7 Global Polymer Market Overview 4.8 Global Packaging Market Outlook Chapter 5 Global Polypropylene Terpolymer Market Analysis and Forecast By Type 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities By Type 5.1.2 Basis Point Share (BPS) Analysis By Type 5.1.3 Absolute $ Opportunity Assessment By Type 5.2 Polypropylene Terpolymer Market Size & Volume Forecast By Type 5.2.1 75-94°C 5.2.2 95-104°C 5.2.3 105-114°C 5.2.4 115°C & Above
5.3 Market Attractiveness Analysis By Type Chapter 6 Global Polypropylene Terpolymer Market Analysis and Forecast By Application 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities By Application 6.1.2 Basis Point Share (BPS) Analysis By Application 6.1.3 Absolute $ Opportunity Assessment By Application 6.2 Polypropylene Terpolymer Market Size & Volume Forecast By Application 6.2.1 CPP 6.2.2 BOPP 6.2.3 Shrink Film 6.2.4 Others 6.3 Market Attractiveness Analysis By Application Chapter 7 Global Polypropylene Terpolymer Market Analysis and Forecast by Region 7.1 Introduction 7.1.1 Key Market Trends & Growth Opportunities by Region 7.1.2 Basis Point Share (BPS) Analysis by Region 7.1.3 Absolute $ Opportunity Assessment by Region 7.2 Polypropylene Terpolymer Market Size & Volume Forecast by Region 7.2.1 North America 7.2.2 Europe 7.2.3 Asia Pacific 7.2.4 Latin America 7.2.5 Middle East & Africa (MEA) 7.3 Market Attractiveness Analysis by Region Chapter 8 Coronavirus Disease (COVID-19) Impact 8.1 Introduction 8.2 Current & Future Impact Analysis 8.3 Economic Impact Analysis 8.4 Government Policies 8.5 Investment Scenario Chapter 9 North America Polypropylene Terpolymer Analysis and Forecast 9.1 Introduction 9.2 North America Polypropylene Terpolymer Market Size & Volume Forecast by Country 9.2.1 U.S. 9.2.2 Canada 9.3 Basis Point Share (BPS) Analysis by Country 9.4 Absolute $ Opportunity Assessment by Country 9.5 Market Attractiveness Analysis by Country 9.6 North America Polypropylene Terpolymer Market Size & Volume Forecast By Type 9.6.1 75-94°C 9.6.2 95-104°C 9.6.3 105-114°C 9.6.4 115°C & Above
9.7 Basis Point Share (BPS) Analysis By Sealing Temperature Types 9.8 Absolute $ Opportunity Assessment By Sealing Temperature Types 9.9 Market Attractiveness Analysis By Type 9.10 North America Polypropylene Terpolymer Market Size & Volume Forecast By Application 9.10.1 CPP 9.10.2 BOPP 9.10.3 Shrink Film 9.10.4 Others 9.11 Basis Point Share (BPS) Analysis By Application 9.12 Absolute $ Opportunity Assessment By Application 9.13 Market Attractiveness Analysis By Application Chapter 10 Europe Polypropylene Terpolymer Analysis and Forecast 10.1 Introduction 10.2 Europe Polypropylene Terpolymer Market Size & Volume Forecast by Country 10.2.1 Germany 10.2.2 France 10.2.3 Italy 10.2.4 U.K. 10.2.5 Spain 10.2.6 Russia 10.2.7 Rest of Europe 10.3 Basis Point Share (BPS) Analysis by Country 10.4 Absolute $ Opportunity Assessment by Country 10.5 Market Attractiveness Analysis by Country 10.6 Europe Polypropylene Terpolymer Market Size & Volume Forecast By Type 10.6.1 75-94°C 10.6.2 95-104°C 10.6.3 105-114°C 10.6.4 115°C & Above
10.7 Basis Point Share (BPS) Analysis By Sealing Temperature Types 10.8 Absolute $ Opportunity Assessment By Sealing Temperature Types 10.9 Market Attractiveness Analysis By Type 10.10 Europe Polypropylene Terpolymer Market Size & Volume Forecast By Application 10.10.1 CPP 10.10.2 BOPP 10.10.3 Shrink Film 10.10.4 Others 10.11 Basis Point Share (BPS) Analysis By Application 10.12 Absolute $ Opportunity Assessment By Application 10.13 Market Attractiveness Analysis By Application Chapter 11 Asia Pacific Polypropylene Terpolymer Analysis and Forecast 11.1 Introduction 11.2 Asia Pacific Polypropylene Terpolymer Market Size & Volume Forecast by Country 11.2.1 China 11.2.2 Japan 11.2.3 South Korea 11.2.4 India 11.2.5 Australia 11.2.6 South East Asia (SEA) 11.2.7 Rest of Asia Pacific (APAC) 11.3 Basis Point Share (BPS) Analysis by Country 11.4 Absolute $ Opportunity Assessment by Country 11.5 Market Attractiveness Analysis by Country 11.6 Asia Pacific Polypropylene Terpolymer Market Size & Volume Forecast By Type 11.6.1 75-94°C 11.6.2 95-104°C 11.6.3 105-114°C 11.6.4 115°C & Above
11.7 Basis Point Share (BPS) Analysis By Sealing Temperature Types 11.8 Absolute $ Opportunity Assessment By Sealing Temperature Types 11.9 Market Attractiveness Analysis By Type 11.10 Asia Pacific Polypropylene Terpolymer Market Size & Volume Forecast By Application 11.10.1 CPP 11.10.2 BOPP 11.10.3 Shrink Film 11.10.4 Others 11.11 Basis Point Share (BPS) Analysis By Application 11.12 Absolute $ Opportunity Assessment By Application 11.13 Market Attractiveness Analysis By Application Chapter 12 Latin America Polypropylene Terpolymer Analysis and Forecast 12.1 Introduction 12.2 Latin America Polypropylene Terpolymer Market Size & Volume Forecast by Country 12.2.1 Brazil 12.2.2 Mexico 12.2.3 Rest of Latin America (LATAM) 12.3 Basis Point Share (BPS) Analysis by Country 12.4 Absolute $ Opportunity Assessment by Country 12.5 Market Attractiveness Analysis by Country 12.6 Latin America Polypropylene Terpolymer Market Size & Volume Forecast By Type 12.6.1 75-94°C 12.6.2 95-104°C 12.6.3 105-114°C 12.6.4 115°C & Above
12.7 Basis Point Share (BPS) Analysis By Sealing Temperature Types 12.8 Absolute $ Opportunity Assessment By Sealing Temperature Types 12.9 Market Attractiveness Analysis By Type 12.10 Latin America Polypropylene Terpolymer Market Size & Volume Forecast By Application 12.10.1 CPP 12.10.2 BOPP 12.10.3 Shrink Film 12.10.4 Others 12.11 Basis Point Share (BPS) Analysis By Application 12.12 Absolute $ Opportunity Assessment By Application 12.13 Market Attractiveness Analysis By Application Chapter 13 Middle East & Africa (MEA) Polypropylene Terpolymer Analysis and Forecast 13.1 Introduction 13.2 Middle East & Africa (MEA) Polypropylene Terpolymer Market Size & Volume Forecast by Country 13.2.1 Saudi Arabia 13.2.2 South Africa 13.2.3 UAE 13.2.4 Rest of Middle East & Africa (MEA) 13.3 Basis Point Share (BPS) Analysis by Country 13.4 Absolute $ Opportunity Assessment by Country 13.5 Market Attractiveness Analysis by Country 13.6 Middle East & Africa (MEA) Polypropylene Terpolymer Market Size & Volume Forecast By Type 13.6.1 75-94°C 13.6.2 95-104°C 13.6.3 105-114°C 13.6.4 115°C & Above
13.7 Basis Point Share (BPS) Analysis By Sealing Temperature Types 13.8 Absolute $ Opportunity Assessment By Sealing Temperature Types 13.9 Market Attractiveness Analysis By Type 13.10 Middle East & Africa (MEA) Polypropylene Terpolymer Market Size & Volume Forecast By Application 13.10.1 CPP 13.10.2 BOPP 13.10.3 Shrink Film 13.10.4 Others 13.11 Basis Point Share (BPS) Analysis By Application 13.12 Absolute $ Opportunity Assessment By Application 13.13 Market Attractiveness Analysis By Application Chapter 14 Competition Landscape 14.1 Polypropylene Terpolymer Market: Competitive Dashboard 14.2 Global Polypropylene Terpolymer Market: Market Share Analysis, 2019 14.3 Company Profiles (Details - Overview, Financials, Developments, Strategy) 14.3.1 Borealis AG 14.3.2 Braskem 14.3.3 Hanwha Total Petrochemical Co.Ltd, 14.3.4 HMC Polymers Thailand 14.3.5 INEOS 14.3.6 JPPC 14.3.7 LG Chem. 14.3.8 LyondellBasell Industries Holdings B.V. 14.3.9 LOTTE Chemical CORPORATION 14.3.10 MITSUI CHEMICALS EUROPE GmbH 14.3.11 The Polyolefin Company (Singapore)Pte Ltd
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