Polypropylene (PP) Resin Market - Forecast(2021 - 2026)
Polypropylene Resin Market Overview: Polypropylene (PP) is an isotactic thermoplastic Resin of the vinyl polymer group. It is a downstream petrochemical product that is derived the Olefin monomer, propylene . It is a hydrocarbon following the formula CnH2n. It is the second most used synthetic polymer globally after polyethylene. China is the largest producer of polypropylene with a market share of 20% as of 2016, followed by the rest of Asia (excluding China) at almost 19%, Europe at 11%, North America at 8.6%, Middle east at almost 8%, south America at 3%, Africa at around 2% and then the rest of the world. Polypropylene Resin Market Outlook: Polypropylene is a widely used product with a variety of applications in major consumables and disposable products. Polypropylene is manufactured from propylene gas in the presence of a catalyst. There are many licensed technologies for the production of Polymer, with the most widely used processes trademarked as UNIPOL PP Technology licensed by...