Top 5 Vendors in the Global Polypropylene Market – Technavio

December 14, 2017

LONDON–(BUSINESS WIRE)–#Plastics—Technavio
has announced the top five leading vendors in their recent global
polypropylene (PP) market report from 2017-2021. This market
research report also lists 15 other prominent vendors that are expected
to impact the market during the forecast period.

Competitive vendor landscape

Due to the presence of many regional vendors the market is fragmented.
Factors such as the cost of production, innovation in products, price,
operational cost, investment in R&D, and product quality will further
intensify the market over the next five years. Companies such as China
Petrochemical is developing bio-based polypropylene
and extending their product portfolio with increased investment in R&D.

According to Kshama Upadhyay, a lead analyst at Technavio for plastics,
polymers, and elastomers, “The global polypropylene market is
expected to grow at a moderate pace during the forecast period due to
its high demand from the packaging and automobile segments. However, the
growth prospects of polypropylene market differ from one region to
another. Recently, polypropylene is used increasingly in the packaging
segment, which is expected to witness rapid growth in the coming years.”

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Technavio market research analysts identify the following key
vendors:

Braskem

Braskem has grown to become one of the leading producers of propylene in
the US and a major player in the international petrochemical market. The
company's product portfolio is quite vast and includes benzene,
polyethylene, PP, toluene and xylene, solvents, propylene, ethylene,
naphtha, PVC/ caustic soda/EDC, butadiene, ETBE/ gasoline, cumene, and
other chemical products. Braskem is known for serving numerous
industries, such as agriculture, automobile, civil and construction,
cleaning supplies, personal hygiene, cosmetics, packaging, electronics
and home appliances, toys, clothing and shoes, sanitation, and fuel
additives.

China Petrochemical

China Petrochemical (Sinopec Group) is an oil and energy company. The
company offers household and commercial products, including oil
products, fuel cards, lubricants, liquid petroleum gas, catalyst,
asphalt, and natural gas. The company is involved in the exploration,
production, distribution, storage, and marketing of petroleum oil and
natural gas. In addition, the company is also involved in oil refining
and distribution of petrochemicals, coal chemicals, and synthetic fiber
products. In addition, the company is involved in R&D activities and
marketing of mechanical and electrical equipment.

Exxon Mobil

Exxon Mobil is a global gas and oil exploration company and is present
in 21 countries. The company functions through two geographical regions-
the US and the non-US and has drilling wells in different countries,
including the UK, Angola, and Indonesia. Exxon Mobil manufactures and
markets olefins, aromatics, fluids, synthetic rubber, polyethylene,
oriented PP packaging films, additives for fuels and lubricants,
plasticizers, synthetic lubricant base stocks, zeolite catalysts, and
other petrochemical products.

INEOS Group Holdings

The company manufactures chemicals and operates in three segments:
Olefins & Polymers Europe, Olefins & Polymers North America, and
Chemical intermediates. The company manufactures petrochemicals,
specialty chemicals, and oil products. The company’s petrochemicals
business is handled by INEOS Olefins & Polymers USA and produces four
main products- olefins, high-density polyethylene, polypropylene, and
high-density polyethylene pipe.

LyondellBasell Industries Holdings

LyondellBasell Industries Holdings carries out the production and sale
of polyolefins and polypropylene
compounds, propylene oxide, polyethylene, ethylene, propylene, and
biofuels. In addition, the company is involved in refining crude oil
into products such as gasoline, diesel, and jet fuel. The company’s
products are widely applicable in various sectors such as packaging,
biofuels, automotive components, electronics, home furnishings, medical
supplies, and construction materials.

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