Global Polypropylene Market

The 3D printed medical prosthetics market consists of sales of 3D printed medical prosthetics devices and related services. 3D printing technology is used to create an artificial three dimensions’ physical object with the help of computer-aided design, and these prosthetics are intended to help patients with missing or defective body parts to restore normal functions. The main types in the 3D printed medical prosthetics are sockets, limbs, joints, covers, and others. The prosthetic limbs are used as artificial limbs for those who need limbs. These are made up of various materials such as polypropylene, polyethylene, acrylics, and polyurethane. These are used by end-users such as hospitals, rehabilitation centers, and prosthetic clinics. The global 3D printed prosthetics market size is expected to grow from $0.88 billion in 2021 to $0.96 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The global 3D printed prosthetics market size is expected to grow to $1.33 billion in 2026 at a CAGR of 8.5%. The rising number of accidental injuries is driving the growth of the 3D printing prosthetic devices market. Accidental injuries can cause serious damage to a person, and these injuries can sometimes lead to amputation. In 2019, car crashes in the US resulted in the death of 38,800 people. According to a report from National Centre for Health Statistics, approximately 50,000 new amputation cases come up each year in the US. An increase in incidences of other medical conditions such as diabetes and vascular diseases is also leading to a rise in amputation cases, thus boosting the sales of 3D printing prosthetics. For instance, according to a report published in the American Journal of Managed Care, it was estimated that, globally, one patient leg is amputated every 30 seconds and around 85% of these amputations were a result of a diabetic foot ulcer. The delay in elective procedures attributed to the coronavirus outbreak is to act as a major factor to limit the growth of the 3D printed medical prosthetics market. Many countries and hospitals have diverted their healthcare resources to deal with COVID-19 patients. For instance, according to the Centers for Medicare & Medicaid Services (CMS) safety guidelines released in March 2020, all the elective and non-essential surgical, dental, and medical procedures are delayed in the USA during the 2019 Novel Coronavirus (COVID-19) outbreak. Hence, the delays in surgical or elective procedures are projected to decline the demand for the 3D printed medical prosthetics market shortly. Companies in the 3D printing prosthetics market are focusing on the development of waterproof prosthetic devices. The aim behind this innovation is to provide the user with an increased range of mobility, especially in athletics. In October 2020, Braskem, Americas leading producer of biopolymers has launched Braskem e-NABLE Chapter for Philanthropic Creation of 3D Printed Prosthetic Devices. Braskem was selected to be certified to produce the e-NABLE Phoenix V3 prosthetic hand as it is one of the most commonly produced e-NABLE prosthetic devices. Major players in the 3D printing medical prosthetics market are 3D Systems Corporation, EnvisionTEC, Stratasys Ltd., Bionicohand, YouBionic, UNYQ, Mercurys, LimbForge Inc., Open Bionics, Protosthetics, and Create Prosthetics. North America was the largest region in the 3D printing medical prosthetics market in 2021. Asia Pacific was the second-largest region in the global 3D printing medical prosthetics market. The regions covered in the global 3D printed medical prosthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the 3D printing medical prosthetics market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA The global 3D printed prosthetics market is segmented - 1) By Material: Polypropylene, Polyethylene, Acrylics, Polyurethane 2) By Type: Sockets, Limbs, Joints, Covers, Other Types 3) By End-User: Hospitals, Rehabilitation Centers, Prosthetic Clinics

The healthcare fabrics market consists of sales of healthcare fabrics by entities (organizations, sole traders, and partnerships) that refer to fabrics that are engineered for use in medical applications. Healthcare fabrics are made from versatile fibrous fabrics and structures and are utilized in a medical environment either for the medication of an injury or for the arranging of an appropriate condition in the clinical treatment. The main healthcare fabrics raw materials include polypropylene, cotton, polyester, viscose and polyamide. Polypropylene is a flexible resin polymer and is used in absorbable dressing, as absorbents and in packaging of medical liquids. The different healthcare fabrics type include non-woven, woven and knitted which are used for applications such as dressing products, clothing, hygiene products, wall coverings, privacy curtains, bedding and blankets and other applications. The global healthcare fabrics market size is expected to grow from $16.82 billion in 2021 to $18.45 billion in 2022 at a compound annual growth rate (CAGR) of 9.71%. The change in the healthcare fabric market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The global healthcare fabrics market size is expected to reach $26.96 billion in 2026 at a CAGR of 9.90%. Increasing government initiatives towards hygiene is driving the growth of the healthcare fabrics market. Governments across the world are focusing on improving consumer awareness for hygiene and health. Medical textiles are used in various areas such as bedding, clothing, surgical gowns, cloths wipe, diapers and others, which increases demand for antimicrobial textiles and healthcare fabrics. Hygiene issues influence buyers to purchase sustainable antimicrobial textiles that build of pure fibers with herbal finish. For instance in 2021, in India, the Total Sanitation Campaign (TSC) has been working on expanding the awareness of female hygiene products in villages. These initiatives will play a pivotal role in expanding the use of hygiene products, which constitute an application area for healthcare fabrics. Hence, the increasing government initiatives is expected to drive the market during the forecast period. Healthcare fabrics companies are increasingly focusing on developing sustainable fabrics for use in the healthcare industry. Companies are focusing on manufacturing fabrics that pose low environmental risk and emit lesser carbon dioxide and other greenhouse gases. For instance, in 2021, US based coated fabrics company, Precision Textiles launched a new eco-friendly fabric for use in personal protective equipment (PPE) called EcoGuard. The material contains an additive that helps it biodegrade up to 99% more quickly than typical polypropylene gown material. The isolation gowns made of polypropylene materials take over 600 years to biodegrade in a landfill, whereas the EcoGuard material accelerates the biodegradation process to approximately six years. In January 2019, Trelleborg, a Sweden based engineered polymer solutions company, acquired Sil-Pro, LLC for an undisclosed amount. This acquisition helps Trelleborg to build on capabilities for medium volume silicone products not provided through Trelleborg Sealing Solutions and increase its manufacturing footprint. Sil-Pro is US-based company manufacturer of silicone and thermoplastic components for healthcare components. Major players in the healthcare fabrics market are Knoll, Inc., Brentano Inc., Kimberly-Clark Corporation, Avgol Industries 1953 Ltd., Paramount Tech Fab Industries, Advanced Fabrics, Carnegie Fabrics, Herculite, Berry Global Group Inc., Carnegie Fabrics LLC, Eximus Corporation, Herman Miller, Inc., Standard Textile Co., Inc, Arc-Com, Trelleborg Engineered Coated Fabrics, Fabrico, Bally Ribbon Mills and Precision Fabric Group, Inc. Europe was the largest region in the healthcare fabrics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global healthcare fabrics market during the forecast period. The regions covered in the global healthcare fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare fabrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global healthcare fabrics market is segmented - 1) By Raw Material: Polypropylene, Cotton, Polyester, Viscose, Polyamide 2) By Fabric Type: Non-Woven, Woven, Knitted 3) By Application: Dressing Products, Clothing, Hygiene Products, Wall Coverings, Privacy Curtains, Bedding and Blankets, Others

The plastic caps and closures market consists of sales of plastic caps and closure products by entities (organizations, sole traders, or partnerships) that are mainly produced from high-density polyethylene (HDPE) and polypropylene (PP). Plastic caps and closures are the final elements of the packaging process that are used in a variety of applications such as beverage packaging, non-food packaging, and cosmetic packaging. The main types of products in plastic caps and closures are screw caps, dispensing caps and others. Dispensing caps is a type of closure used to dispense product from container or a bottle. Different types of dispensing caps include turret or directional spout, single or dual flap, snap-top, push-pull, Yorker, spigot styles, disc-top, hinge, snip-tip, spice, shaker and twist open-close. The different materials include polypropylene, polystyrene, polyethylene and is implemented in various verticles such as pharmaceutical, personal care, food and beverages. The global plastic caps and closures market size is expected to grow from $39.74 billion in 2021 to $43.71 billion in 2022 at a compound annual growth rate (CAGR) of 10%. The plastic cap and closure market is expected to grow to $55.17 billion in 2026 at a CAGR of 6%. An increase in demand for bottled water from consumers across the globe is driving the plastic caps and closures market. The bottled water is sealed with plastic caps and closures to prevent spillage, facilitate easy transportation and extend shelf life. The demand for bottled water is increasing due to the rise in awareness of water contamination and safety concerns. For instance, according to a 2019 study by Water Quality Association in the USA, around 78% of the respondents confirmed that they regularly consume bottled water, averaging 12 bottles daily per household. Moreover, as per the Bottled water statistics, in 2021 the volume of bottled water climbed by 4.2%, compared to 3.7% in 2019. This is expected to continue in the forecast period thus driving the demand for plastic caps and the closures market. Key players operating in the plastics caps and closures market are focusing on developing and launching innovative products to meet the sustainability targets set by governing bodies across the globe. For instance, in September 2021, Borealis and MENSHEN, the leading players in plastic closures and packaging solutions have partnered on a series of ten package closures based on Borcycle, a progressive recycling technology that turns polyolefin-based waste streams into value-adding adaptable products. Borcycle is developed to make a variety of recycled polyolefins (rPO)-based compounds that are excellent for use in complex rigid packaging applications. In July 2019, Berry Global Group, a US-based global manufacturer of plastic packaging acquired RPC Group Plc for $6.5 billion. The acquisition is expected to allow Berry Group to leverage combined innovative materials science, product development, and manufacturing technologies to create value for customers. RPC Group Plc is a UK-based manufacturer of rigid plastic packaging products. Major players in the plastic caps and closures market are Berry Global Inc, Guala Closures Group, BERICAP, O.Berk Company, United Caps, Caps & Closures Pty Ltd., Pano Cap Limited, Plastic Closures Ltd., Cap & Seal Pvt. Ltd, and MJS Packaging. Asia Pacific was the largest region in the plastic caps and closures market in 2021. The regions covered in the plastic caps and closures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plastic caps and closures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global plastic caps and closures market is segmented - 1) By Product Type: Screw Caps, Dispensing Caps, Others 2) By Material: Polypropylene, Polystyrene, Polyethylene, Others 3) By End-User: Pharmaceutical, Personal Care, Food and Beverages, Others

The retort packaging market consists of the sales of retort packaging pouches, trays, and cartons, and related services by entities (organizations, sole traders, and partnerships) that manufacture retort packaging. The retort packaging is a type of packaging made from flexible plastic and metal foils and used to pack cooked or semi-cooked food, sealed and subsequently sterilized to create food packages that have an extended shelf life with no preservatives and refrigeration. The main types of retort packaging are pouches, trays, cartons, others. Retort pouch is also known as reportable pouch that is a made using flexible plastic and metal foil and retort tray is a flat flexible structure made of plastic material. The materials used in retort packaging are PET, polypropylene, aluminum foil, polyethylene, polyamide, paperboard, others and are used in packaging food, beverages, and others. The global retort packaging market size is expected to grow from $3.69 billion in 2021 to $3.86 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The retort packaging market is expected to grow to $4.72 billion in 2026 at a CAGR of 5.1%. An increase in demand for ready-to-eat or ready meals across the globe is contributing to the growth of the retort packaging market. For instance, according to a survey done by the Associated Chamber of Commerce and Industry of India (Assocham) in January 2021, nearly 79% of Indian households prefer to have instant food due to time constraints. Ready-to-eat or ready meals are packed using retort process, the food is pre-cooked, packed and sealed in a retort package and then heated to 250°F or 121°C for several minutes under high pressure to kill common occurring microorganisms to prevent the food from spoiling. Factors such as busy work-life and the rise in single households have boosted the demand for ready-to-eat meals. For instance, in 2019, 14.6% of adults lived alone in the USA which has increased 14.3% from the previous year. The increase in demand for ready-to-eat or ready meals across the globe is driving the retort packaging market growth. Retort packaging manufacturers are increasingly developing recyclable retort pouches to increase sustainable packaging across the globe. For instance, in January 2021, ProAmpac announced it has developed recycle ready retort pouch for pet and human food, this product is added to ProAmpac ProActive Sustainability product portfolio, a set of packaging solutions that are helping ProAmpac customer to meet their greener packaging goals. Moreover, in September 2021, Amcor, a Switzerland-based packaging company, and Nestle, a Switzerland-based food and beverage company collaborated to develop a recyclable retort pouch for pet food. In June 2019, Amcor, a Switzerland-based packaging company acquired Bemis Company, Inc. for a deal amount of $ 6.8 billion. The acquisition is expected to bring additional scale, footprint, research & development capabilities that strengthen Amcor industry value proportion, generate value to the shareholders, and deliver sustainable innovations for the environment. Bemis Company, Inc. is a USA-based packaging company that is engaged in manufacturing pressure-sensitive materials and flexible packaging products. Major players in the retort packaging market are Amcor, Coveris, Sonoco, Mondi group, Berry Global (RPC Astrapak), Clondlakin, Tredegar, Flair Flexible Packaging Corporation, and Proampac. Asia Pacific is expected to grow faster in the forecast period. The regions covered in the retort packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the retort packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global retort packaging market is segmented - 1) By Product Type: Pouches, Trays, Cartons, Others 2) By Material: PET, Polypropylene, Aluminum Foil, Polyethylene, Polyamide, Paperboard, Others 3) By End-Use: Food, Beverages, Others

The nutraceutical packaging market consists of sales of nutraceuticals packaging products by entities (organizations, partnerships, and sole traders) that include the food products offered in medical form. Nutraceutical packaging is used to pack foods such as herbal products, processed food items (examples: beverages, cereal, soup), dietary supplements, genetically engineered food, isolated nutrients to prevent contamination. The main types of products in nutraceutical packaging are polyester, paper, BOPP, aluminum, metallzed polyester, others. Polyester, also known as PET, is a chemically resistant material that does not react with food or liquids. It is also shatter-resistant and can be used to build containers instead of glass. The different packaging types include bottles, cans and jars, bags and pouches, cartons, stick packs, blister packs, others and uses various materials such as metal, glass, paperboard, plastic, polyethylene, polypropylene, others. It is used by several sectors including food and beverages, pharmaceuticals, consumer goods, nutraceuticals, others. The global nutraceutical packaging market size is expected to grow from $3.41 billion in 2021 to $3.73 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The nutraceutical package market is expected to reach $4.68 billion in 2026 at a CAGR of 5.8%. The shift towards a healthier lifestyle is expected to propel the growth of the nutraceutical packaging market going forward. People are getting more interested in natural food products that provide a direct therapeutic advantage because consumer awareness and knowledge about the relationship between health and nutrition is increasing. Nutraceutical food provides medical or health benefits that include the prevention or treatment of a disease. For instance, according to a poll by E times in 2021, the Covid-19 pandemic has transformed Indians' attitudes toward health, with 70% saying they will prioritize food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, the increasing adaption of a healthy lifestyle is driving the growth of the nutraceutical packaging market. Artificial Intelligence is a key trend gaining popularity in the nutraceutical packaging market. Major companies operating in the nutraceutical packaging sector are adopting new technologies such as artificial intelligence to meet the demand of customers. For instance, in July 2020, Efficacy AI, a US-based firm, launched MedicascyAI, which employs artificial intelligence to help nutraceutical and supplement companies bring new products to market faster. The MEDICASCY artificial intelligence solutions network (MedicascyAI) will help the nutraceutical business rely less on secondary science and steer primary research toward more fruitful outcomes. In May 2019, SGH Healthcare Group, a France-based manufacturer of standard and smart plastic solutions acquires Eskiss Packaging for an undisclosed amount. Through this acquisition, SGH Healthcare expects to become Europe's leading plastic processing firm for medical devices, as well as explore new potential in the nutraceutical industry. Eskiss Packaging is a France-based nutraceutical packaging company. Major players in the nutraceutical packaging market are Glenroy Inc., Maco Bag Corporation, JohnsByrne, Birchwood Contract Manufacturing, NuEra Nutraceuticals Inc., MOD-PAC Corp., Hughes Enterprises, Amgraph Packaging Inc., Amcor Limited, Constantia Flexibles, Huhtamäki Oyj, Mondi plc and Sonoco. North America was the largest region in the nutraceutical packaging market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutraceutical packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nutraceutical packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global nutraceutical packaging market is segmented - 1) By Product Type: Polyester, Paper, BOPP, Aluminum, Metallized Polyester, Others 2) By Packaging Type: Bottles, Cans and Jars, Bags and Pouches, Cartons, Stick Packs, Blister Packs, Others 3) By Material Type: Metal, Glass, Paperboard, Plastic, Polyethylene, Polypropylene, Others 4) By End-User: Food and Beverages, Pharmaceuticals, Consumer Goods, Nutraceuticals, Others

The automotive plastics market consists of sales of automotive plastic products by entities (organizations, sole traders, and partnerships) that refer to the plastic material that is used in making different vehicle parts. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others. The main types of automotive plastics are polypropylene (PP), polyurethane (PU), polyvinylchloride (PVC), polyamide (PA), acrylonitrile butadiene styrene (ABS), high density polyethylene (HDPE), polycarbonate (PC), and polybutylene terephthalate (PBT). Polypropylene automotive plastics refer to a thermoplastic polymer that is tough, rigid, and crystalline in nature. The various applications of automotive plastics are interior, exterior, and under bonnet, which are used in conventional/traditional vehicles, and electric vehicles. The global automotive plastics market size is expected to grow from $33.37 billion in 2021 to $36.29 billion in 2022 at a compound annual growth rate (CAGR) of 8.77%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive plastic market is expected to reach $51.19 billion in 2026 at a CAGR of 8.98%. Increasing demand for lightweight and electric vehicles is significantly contributing to the growth of the automotive plastics market. The increase in the use of plastic components in the automotive industry has boosted the advancements in the design of automobiles. It also reduces the consumption of fuel in vehicles, as less weight requires less energy when the vehicle is accelerated. According to the International Energy Agency (IEA), global electric car sales reached a record of 3 million in 2020, which is a rise of 40% from 2019. It is estimated that there will be 10 million electric cars on the road by the next decade. Therefore, the increasing demand for lightweight and electric vehicles is driving the growth of the automotive plastics market.  Technological advancements is a key trend gaining popularity in the automotive plastics market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in 2021, Covestro AG launched new 3D printing material, recycled Polyethylene Terephthalate (rPET), which is used for 3D pellet printing using technology known as fused granulate fabrication (FGF), which helps in the manufacturing of large-sized parts. This technology has applications in the automotive industry for the manufacturing of interior parts. In March 2021, Lear Corp., an automotive technology company, acquired M&N Plastics for an undisclosed amount. This acquisition helps Lear Corp. increase its capabilities to design and produce complex electrical components in various automobiles. M&N Plastics is a specialist manufacturer of various engineered plastic components for the automotive industry. Major players in the automotive plastics market are BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V, Arkema SA, Grupo Antolin-Irausa S.A, LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc, Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc.. Asia Pacific was the largest region in the automotive plastics market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global automotive plastics market is segmented - 1) By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles 2) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT) 3) By Application: Interior, Exterior, Under Bonnet

The polypropylene market consists of the sale of polypropylene and related services. Polypropylene is a thermoplastic polymer produced by chain-growth polymerization of the monomer propylene and is used in automotive fittings and industrial fibers. It is resilient and resistant to fatigue and highly resistant to most acids and alkalis. The main product types of polypropylene are homopolymer, copolymer. Homopolymer is a polymer-like polyethylene that contains identical monomer units. The applications are fiber, film and sheet, raffia, and other applications. The end-use industries are packaging, automotive, consumer products, electrical and electronics, other end-user industries. The global polypropylene-plastic material and resins market size is expected to grow from $114.74 billion in 2021 to $126.93 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global polypropylene market size is expected to grow to $185.02 billion in 2026 at a CAGR of 9.9%. Increase in demand for thermoplastic materials contributed to the growth of the polypropylene market. Due to their unique chemical properties, thermoplastic materials can be recycled and remolded without affecting their physical properties. Thus, making thermoplastic materials much useful in many applications such as clothing, packaging, food, and beverages. Additionally, they are also used in heavy-duty applications such as aerospace, military, and medical industries. According to American Freedonia Group data, the global thermoplastic elastomer (TPE) market surpassed $ 24 billion and market demand reached 6.7 million tons in 2019, which will grow at a rate of 5.2% every year in the future. The increase in demand for thermoplastic materials increased the demand for the polypropylene market thereby driving the polypropylene-plastic material and resins market. Variations in the prices of raw materials such as crude oil prices have always been a major challenge in the polypropylene market. Fluctuating crude oil prices increases the operating expense affecting the bottom line of manufacturing companies in this market. For instance, according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA) in 2021, Brent crude oil prices averaged $62.26 per barrel and $60.74 per barrel in 2022. Crude oil is the main source of petrochemicals as plastics are produced primarily from petroleum products and therefore crude oil prices are one of the key factors affecting plastic costs, making them very volatile. Volatile prices thereby have a negative impact on the polypropylene market, affecting the market’s growth. Eco-friendly polypropylene compounds are increasingly being used due to strict rules and regulations of the government over recycling and environmental protection. The polypropylene compounds possess unique qualities, making them more favorable and an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitusui Chemicals Inc., and Prime Polymer, has developed new technologies and inventions to produce high-quality products that are environmentally friendly. With those advancements, GSC’s polypropylene compounds are producing high-quality automobile parts such as consoles, instrument panels, bumpers, door panels, and various accessories. In June 2021, LyondellBasell, a Dutch chemical company acquired PolyPacific Polymers Sdn. Bhd for an undisclosed amount. This acquisition of PolyPacific Polymers Sdn. Bhd the manufacturing site will undergo a complete transition involving a change in brand name and its employees will become LyondellBasell’s employees. PolyPacific Polymers Sdn. Bhd. is an Australian-based company that manufactures and markets reinforced and modified grades of polypropylene compounds. Major players in the polypropylene market are Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, and Asahi Kasei Plastics. Asia Pacific was the largest region in the polypropylene market in 2021. North America was the second-largest region in the global polypropylene plastics and resins market. The regions covered in the global polypropylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the polypropylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global polypropylene-plastic material and resins market is segmented - 1) By Product Type: Homopolymer, Copolymer 2) By Application: Fiber, Film and Sheet, Raffia, Others 3) By End-User Industry: Packaging, Automotive, Consumer Products, Electrical and Electronics, Others

The adhesive tapes market consists of sales of adhesive tapes by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing and selling the adhesive tapes. Adhesive tapes are a combination of a material and an adhesive layer that can be used to join two objects or materials together. It consists of a pressure-sensitive adhesive, which is coated onto a backing material like paper, plastic film, cloth, or metal foil and has removable release liners protecting the adhesive before usage. The main resin types of adhesive tapes are acrylic, rubber, silicone, and other resin types. Silicone is defined as an inert synthetic compound that can be in the form of rubber, resin, or oil. They are generally present in adhesives, sealants, medical applications, lubricants, insulation, and cookware. The major material types of adhesive tapes are polypropylene (PP), paper, polyvinyl chloride (PVC), and other material types. The main technology types of adhesive tapes include solvent-based, hot-melt-based, and water-based. The various end-uses of adhesive tapes are packaging, consumer and office, healthcare, automotive, electrical and electronics, building and construction, and Other End-Users. The global adhesive tapes market size is expected to grow from $60.82 billion in 2021 to $65.24 billion in 2022 at a compound annual growth rate (CAGR) of 7.3%. The global adhesive tape market size is expected to grow to $83.91 billion in 2026 at a CAGR of 6.5%. The growth of the automotive industry and the rapid increase in demand for adhesive tapes from the automotive sector worldwide are expected to propel the adhesive tapes market during the forecast period. Adhesive tapes are lightweight, compact, and smooth, making them ideal for use in car interiors for bonding electronic products, parking sensor retainers, door cladding, spoiler, and seals among others. The global passenger car market is expected to increase from $1321.7 billion in 2020 to $1988.7 billion by 2025. Due to an increased affinity for lightweight, metal fasteners are increasingly being replaced in cars with adhesive tapes, thus, the increased production of automobiles will lead to an increased demand for adhesive tapes and boost their sales. Adhesive products are potentially hazardous during the manufacturing stages, which negatively impacted the growth of the adhesive tapes market in the historic period. This is mainly because the manufacturing processes involve high temperatures and high-pressure reactions which can be dangerous unless controlled carefully. Due to this, regulations in the adhesives industry – in assessing and managing the risks involved in the manufacturing, transporting, and disposing of chemicals – increased in the historic period. Adhesives have to be compliant with complex regulations that govern the labeling, handling, manufacturing, shipping, and storage of the product. Additional compliance costs due to changing regulations, as different countries and geographies have different regulations, were a major restraint for adhesive tape companies. The launch of eco-friendly tapes is a key trend in the adhesive tapes market. Several countries around the world have banned the use of toxic materials used in the manufacture of adhesive goods. Increased demand for recyclable tapes has been driven by federal policies as well as a change in end-user emphasis toward environmentally sustainable goods. Many companies are shifting from plastic to bio-degradable materials like paper and cellulose for manufacturing tapes. For instance, in January 2021, Italy-based IRPLAST launched its ECO+ tape which is made of 34% post-industrial recycled IRPLAST BOPP film. The cores are made from recycled cardboard and the tape reduces emissions with no loss in adhesion quality. In another instance, in January 2020, Monta, a German-based manufacturer of self-adhesive tapes for packaging and consumer use, has introduced Monta Biopack, a modern self-adhesive tape. Monta Biopack is made up of about 90% renewable materials. This environmentally friendly adhesive tape biodegrades in a matter of months, closing the natural recycle circle. In March 2021, ATP Adhesive Systems Group, a Switzerland-based company engaged in developing and manufacturing client-specific adhesive products announced the acquisition of BDK Industrial Products Ltd. for an undisclosed amount. The acquisition is expected to improve the market position of both the companies and help them to provide a broader variety of customized products such as medical adhesive tapes and customized adhesive tapes to their clients. BDK Industrial Products Ltd. is a UK-based specialized adhesive tape converter that has developed itself as a solution provider for healthcare and other industrial customers. Major players in the adhesive tapes market are 3M, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group Inc, Henkel AG, Lohmann GmbH & Co., Scapa Group PLC, and DuPont de Nemours Inc. Asia Pacific was the largest region in the adhesive tapes market in 2021. The region is predicted to record the fastest growth of the global adhesive tapes market during the forecast period. The regions covered in the global adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the adhesive tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global adhesive tapes market is segmented - 1) By Resin Type: Acrylic, Rubber, Silicone, Others 2) By Material Type: Polypropylene (PP), Paper, Polyvinyl Chloride (PVC), Others 3) By Technology Type: Solvent-Based, Hot-Melt Based, Water-Based 4) By End-User: Packaging, Consumer and Office, Healthcare, Automotive, Electrical and Electronics, Building and Construction, Others