Press Release

Spheripol to Dominate Australia Polypropylene Market through 2024

Rising use of polypropylene across various industries owing to its high flexibility, low screening threshold, and high impact resistance to fuel its demand across Australia through 2024

According to TechSci Research report, Australia Polypropylene Market By Production Technology, By Application, By Type, By End-Use Industry, Competition, Forecast & Opportunities, 2024, Australia polypropylene market is anticipated to reach $ 191 million by 2024 on account of growing usage of propylene in various end user industries due to its several properties like high durability, mechanical strength and ability to withstand extreme environment conditions. Moreover, utilization of polypropylene is increasing in automotive industry as it helps to improve the efficiency of the vehicle by reducing the overall weight.

Browse 4 market data Tables and 10 Figures spread through 61 Pages and an in-depth TOC on "Australia Polypropylene Market "

Australia polypropylene market can be segmented based on production technology, application, type, end-use industry and region. On the basis of production technology, the market can be segmented into Spheripol, Unipol, Novolene, Innovene and Montedison. Spheripol is the preferred production technology and the trend is likely to continue in the forthcoming years as well. This is due to the reason that spheripol technology helps to produce polypropylene with less pollution and high efficiency. In terms of application, the market can be segmented into Raffia, Impact copolymer, Biaxially-Oriented Polypropylene and Random Copolymer. Raffia acquired the dominant share in 2018 on account of its increasing use in the packaging industry. Additionally, the hydrocarbon polymer resin is the preferred option for the packaging of food and drinks as it does not contain Bisphenol A (BPA).

LyondellBasell Australia Pty Ltd, ExxonMobil Australia, Total Oil Australia Pty Ltd., Sumitomo Australia Pty Ltd, Mitsui & Co. (Australia) Ltd, PTT Public Company Limited, Lotte Chemical Titan Holding Berhad, PolyMirae Co., Ltd, Sabic Innovative Plastics Australia Pty Ltd., INEOS AG, among others are the leading players operating in Australia polypropylene market. Companies operating in the market are using organic strategies and inorganic strategies such as product launches and mergers & collaborations to boost their market share.

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“Australia polypropylene market is witnessing growth on account of growing focus towards eco-friendly products and ban on single use plastic bags by the government of Australia. Moreover, due to the requirement for cheap and flexible material, polypropylene is finding application in various industries, thereby further driving growth in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Australia Polypropylene Market By Production Technology, By Application, By Type, By End-Use Industry, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Australia polypropylene market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia polypropylene market.

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