The global polypropylene market is expected to reach USD 170 billion in 2022, according to a new study by Grand View Research, Inc. Growth of key end-use industries such as packaging and automotive in Asia Pacific is expected to drive the global polypropylene market the forecast period. In addition, increasing construction spending particularly in emerging markets of China, India and Indonesia is also expected to have a positive influence on the market growth. Volatile propylene prices on account of constantly fluctuating crude oil prices are expected to remain a key challenge for market participants. Stringent environmental regulations regarding production and disposal of polypropylene is also expected to degrade the market growth over the forecast period. In order to overcome these issues, major participants have shifted their focus towards development of sustainable polypropylene.
http://www.grandviewresearch.com/industry-analysis/synthetic-and-bio-based-polypropylene-market
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