Polypropylene Terpolymer Market

Global Polypropylene Terpolymer Market 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)

  • Report ID: MC-2634
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 190
  • Format:
  • Pub. Date: 01-10-2021
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Market Outlook:

The global Polypropylene Terpolymer Market was valued at USD 6,832 Million in 2020 and is projected to reach USD 10,967.9 Million by 2028, expanding at a CAGR of 5.4% during the forecast period. 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 Key Takeaways

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.

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.

Polypropylene Terpolymer Market By Sealing Temperature

By Applications Segment

Based on applications, the global Polypropylene Terpolymer market is 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.

Polypropylene Terpolymer Market By Applications

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.

Polypropylene Terpolymer Market By Regions

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

Segments

Key Segments Covered
By Sealing Temperature
  • 75-94°C
  • 95-104°C
  • 105-114°C
  • 115°C & Above
By Applications
  • BOPP
  • CPP
  • Shrink Film
  • Others
By Regions
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific (APAC)
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa (MEA)
Key Market Players Profiled 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

Competitive Landscape

  • 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.
Polypropylene Terpolymer Market By Key Players

Video Summary for Polypropylene Terpolymer Market

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
Key Segments Covered
By Sealing Temperature
  • 75-94°C
  • 95-104°C
  • 105-114°C
  • 115°C & Above
By Applications
  • BOPP
  • CPP
  • Shrink Film
  • Others
By Regions
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific (APAC)
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa (MEA)
Key Market Players Profiled 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
  • 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.
Polypropylene Terpolymer Market By Key Players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers sealing temperature types such as 75-94°C, 95-104°C, 105-114°C, and 115°C & Above.

According to this growth market reports report, the market from Polypropylene Terpolymer Market is likely to register a CAGR of 5.4% during forecast period 2021-2028 with an anticipated valuation of USD 10,967.9 million by the end of the 2028.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the Polypropylene Terpolymer Market is available in final report.

The Polypropylene Terpolymer Market is anticipated to grow significantly during forecast period due to Increasing demand for propylene terpolymer products, increased infrastructure investment and chemical manufacturing, and widespread use in the automotive industry.

High amount of use in FMCG, Healthcare, and E-commerce industry, plastic manufacturing and growing adoption of Polypropylene Terpolymer across diverse businesses is anticipated to further fuel the market over the forecast period.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness considerable slowed in terms of demand during 2020-2021 owing to the shutdown of production units, minor negative impact of COVID-19 pandemic on the Polypropylene Terpolymer Market.

The base year considered for the global Polypropylene Terpolymer market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.

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.