Recycled Polypropylene Market Size, Share, 2019 Global Industry Growth, Trends and 2023 Forecasts Re

Recycled Polypropylene Global Industry Share Focus on Company Profile, Top Manufactures Analysis and Opportunity Assessment

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Recycled Polypropylene 2019 Recycled Polypropylene 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Market Synopsis

The thermoplastic polymers exhibit properties such as low density, corrosion resistance, high strength, and userfriendly design, due to which the plastic usage has been increasing rapidly as comparison to the usage of aluminum or other metals. Polypropylene is one of the key thermoplastic polymers and is widely used in the packaging and labeling, textiles, and plastic parts. With the increasing use of plastics, the global plastic waste crisis is rising rapidly and led to adverse impacts on health and environment. As a result of this, the demand for plastic recycling is increasing globally and also for the renewable raw materials and recyclable thermoplastic polymers. Polypropylene is one of the eco-compatible polymer composites and can be recycled using mechanical and chemical processes.

According to the MRFR analysis, the global recycled polypropylene market is estimated to reach over USD 10 billion and witness a healthy growth at a CAGR of around 6% during the forecast period. The protuberant factors driving the market growth are the rising environmental regulations pertaining to the disposal of plastic waste and robust growth of the packaging industry in Asia-Pacific. Surging growth of the food & beverage industry coupled with the increasing demand for processed food is favoring the growth of the packaging industry in the region. Moreover, increasing demand for the product in the automotive industry is likely to propel the market growth.

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Recycled Polypropylene Market Research Report – Global Forecast till 2023

Top Key Players:  MBA Polymers Inc  Veolia Polymers NL B.V  KW Plastics  B&B Plastics Inc  Custom Polymers  SUEZ  PLASgran Ltd

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Recycled Polypropylene Market Research Report – Global Forecast till 2023

Market Segmentations: The global recycled polypropylene market has been segmented on the basis of process, source, end-use, and region.

By process the global recycled polypropylene market has been segmented into mechanical and chemical.

Based on source, the global recycled polypropylene market has been segregated into bottles, films, bags, foams, industrial and agricultural waste, and others.

On the basis of application, the market is categorized into packaging, automotive, building & construction, textiles, medical, electronics, and others.

The global recycled polypropylene market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Recycled Polypropylene Market Research Report – Global Forecast till 2023

Regional Analysis: Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five regions studied for the global recycled polypropylene market. North America dominated the global market with a market share of over 30% in 2017. The key factors driving the growth of the regional market are the stringent environmental regulations pertaining to the plastic waste and consistently developing plastic recycling technologies in the region In addition, strong growth of the packaging industry on account of the increasing consumption of the processed food and beverage products is favoring growth of the regional market.

The Asia-Pacific market is projected to be the fastest growing regional market during the forecast period. This can be mainly attributed to the rapidly rising infrastructural activities and rapid growth of the packaging industry in the region.

Furthermore, the shift of the major automotive manufacturing bases into the region is favoring the market growth.

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