The application of High Melt Strength Polypropylene in the automotive sector and increased demand from the APAC region will fuel the market growth.

High Melt Strength Polypropylene Market Size – USD 2.91 Billion in 2018, Growth - CAGR of 18.6%, Trends – High demand from the packaging industry.

The global High Melt Strength Polypropylene Market is forecast to reach USD 14.26 Billion by 2026, according to a new report by Reports and Data. Polypropylene is a versatile thermoplastic material, which is compatible with several processing techniques and is used in various applications. The High Melt Strength Polypropylene is fabricated by the process of direct polymerization.

High Melt Strength Polypropylene has the property of wide molecular weight distribution and high melting strength as compared to polypropylene. The high melt strength provides greatly improved elasticity to the product, which results in better processability in stretching flows, such as in extrusion, blow molding, foaming, and thermoforming. It also produces very low densities and good mechanical properties.

Designed especially for the purpose of ‘direct gassing’ with carbon dioxide and butane, the High Melt Strength Polypropylene is used for automotive seating and impact cushioning, sports shoes, and protective packaging.

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Top Companies: Borealis AG, Borouge, Braskem, Lotte Chemical, Exxon Mobil, Dow Chemical, LyondellBasell, Total Petrochemicals Refining, Cray Valley, and Omnexus, among others.

Further Key Finding from the Report Suggestion:

• Injection molding held the largest market share of 36.2% in the year 2018. The increased application of High Melt Strength Polypropylene in the shaping of rubber or plastic articles by injecting heated material into a mold is boosting the segment’s growth.
• Automotive headliners often consist of face fabric with nonwoven or foam backing. High Melt Strength Polypropylene are being increasingly used as foam to reduce the overall weight of the vehicle. Headliners segment is forecasted to hold a market share of 18.1% during the forecast period.
• Low density extruded High Melt Strength Polypropylene foams are increasingly being used in food packaging and is forecasted to grow with a CAGR of 18.8% during the forecast period.
• Protective packaging capitalizes on several favorable features of low-density HMS polypropylene foam. Target properties in stiffness, elasticity, and low-temperature impact can be reached easily with HMS Polypropylenes.
• High Melt Strength Polypropylene has good low-temperature impact properties, good thermal insulation, low density, and it shows good heat resistance which makes it apt to be used in packaging as the material used should be both microwaveable and recyclable.
• The Asia Pacific region held the largest market share of 33.1% in the year 2018. Emerging economies such as India, and China, and developed economies like Japan are the major consumers of High Melt Strength Polypropylene. China is anticipated to grow its HMS propylene capacity at the fastest pace as compared to other nations across the globe to become the largest producer in the coming years.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global High Melt Strength Polypropylene market is segmented into:

Molding Technique Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Billion; 2016-2026)

• Injection Molding
• Blow Molding
• Extrusion
• Others

Applications Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Billion; 2016-2026)

• Molding and Injection
• Film Sheet
• Blow Molding
• Medical Devices
• Fiber and Raffia
• Headliners

End-User Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Billion; 2016-2026)

• Packaging
• Automotive
• Building and Construction
• Healthcare
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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