Australia polypropylene market was
valued at $ 138 million in 2019 and is anticipated to grow at a CAGR of 6.7% to
reach $ 191 million by 2024 on account of rising demand for polypropylene from
various industries. Polypropylene is one of the versatile polymers and is often
used as the alternative of plastic. It has lightweight and possesses high
flexural strength due to which it is finding application in various industries.
Moreover, polypropylene comes in various grades (food & medical) and,
therefore, suitable to be used in food and medical industries.
Australia polypropylene market can be
segmented based on production technology, application, type and end use
industry. On the basis of production technology, the market can be segmented
into Spheripol, Unipol, Novolene, Innovene and Montedison. In 2018, Spheripol
was the widely used technology for the production of polypropylene. The
technology is expected to dominate during forecast period as well as it
provides high production efficiency among other technologies. Based on the end
use industry, the market can be segmented into packaging, automotive, building
& construction, electrical & electronics, among others. In 2018,
packaging industry acquired the major share and is poised to grow at an impressive
rate during forecast period as well. This is due to the growing utilization of
polypropylene for the packaging as an alternative to plastic. Moreover, ban on
the use of plastic by the government of Australia is further boosting the
growth of polypropylene market in the country. Owing to properties such as
lightweight, high mechanical properties and availability at low price,
automotive industry is also witnessing its significant adoption. Furthermore, polypropylene
has high electric shock resistance, due to this, it is used in the production
of capacitors, switch boards, among others.
In terms of regional analysis, the
market can be segmented into New South Wales, Northern Territory, Queensland,
South Australia, Tasmania, Victoria and Western Australia. New South Wales region
dominates Australia polypropylene market owing to presence of several packaging
companies in the region.
Major players operating in Australia polypropylene
market include 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, etc. Major
companies are developing advanced technologies and launching new products in
order to stay competitive in the market. Other competitive strategies include
mergers & acquisitions and new product developments.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective
of the Study:
- To analyze and forecast the
market size of Australia polypropylene market.
- To classify and forecast Australia
polypropylene market based on production technology, application,
type, end use industry and regional distribution.
- To identify drivers and
challenges for Australia polypropylene market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in Australia polypropylene market.
- To conduct pricing analysis
for Australia polypropylene market.
- To identify and analyze the
profile of leading players operating in Australia polypropylene market.
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Some of the leading players in the Australia polypropylene market include 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, etc.
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across Australia. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the product
offerings, distribution channels and presence of all major manufacturers across
Australia.
TechSci
Research calculated the market size of Australia polypropylene market using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
- Polypropylene manufacturers
and suppliers
- Research organizations and
consulting companies
- Trade Associations,
organizations, forums and alliances related to polypropylene
- Government bodies such as
regulating authorities and policy makers
- Industry associations
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers, end
users, etc., besides allowing them in strategizing investments and capitalizing
on market opportunities.
Report Scope:
In this report, Australia polypropylene market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market,
by Production Technology:
- Unipol
- Spheripol
- Montedison
- Novolene
- Innovene
- Market,
by Application:
- Raffia
- Impact
copolymer
- Random
copolymer
- Biaxially-Oriented
Polypropylene
- Market,
by Type:
- Market,
by End-use Industry:
- Packaging
- Automotive
- Building
& Construction
- Electrical
& Electronics
- Others
- Market,
by Region:
- New South Wales
- Northern Territory
- Queensland
- South Australia
- Tasmania
- Victoria
- Western Australia
Competitive
Landscape
Company Profiles: Detailed analysis of the major companies
present in Australia polypropylene market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]