Recycled Propylene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Process (Mechanical, Chemical), By Source (Bottles & Containers, Films, Bags, Foams, Industrial & Agricultural Waste, Others), By Application (Packaging, Automobile, Building & Construction, Textiles, Pharmaceuticals, Electronics, Others), By Region, and Competition

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Global market for Recycled Propylene is expected to grow impressively through 2028. Owing to the expanding use of plastics, the worldwide plastic waste situation has dramatically worsened, raising serious concerns for both the environment and human health. Propylene, in nature, is a thermoplastic, and it has several advantages over other materials, including lightweight, resistance to chemicals, acids, bases, strength, and low moisture resistance. It is widely employed in various fields because of its excellent chemical and mechanical qualities. The use of plastic increases as compared to other materials. Recycled propylene is a popular material because of its ecologically beneficial ability. There are several negative environmental repercussions associated with the growing usage of plastic, and as a result, recycled plastic is becoming more and more in demand across the world. Among the recyclable plastic, recycled propylene is one of the most used polymers in packaging, labeling, textiles, and plastic parts. Various strict laws are in place all over the world to prevent the use of plastic and to manage plastic trash. Significant expenditures in R&D to create new plastic recycling methods have also resulted from this. Consumer appetite for cutting-edge technology that maximizes profit drives the market's expansion. Therefore, it is anticipated that the global market for recycled propylene will expand throughout the projection period.

Rising Demand from Packaging sector Driving the Market

Increasing the use of recycled propylene in various industries, particularly in packaging, where demand is linked to the consumption of packaged foods and drinks, is anticipated to fuel market expansion during the forecast period. Recycled propylene is used in packaging materials for the food and beverage industries because it has high moisture resistance and reduces the likelihood of significant food degradation.

Increasing Demand from the Construction Sector

It is projected that the use of recycled propylene will be driven by the constantly expanding building and construction sector. The structural timber, insulation, windows, and fences widely used in construction are all made from recycled propylene. In addition, the building and construction sector is expanding quickly in emerging nations. Building and construction sector growth is expected to be fueled by increased government spending in infrastructure development and government strategies to draw FDI to emerging economies. Thus, the need for global recycled propylene market is expected to rise during the forecast period.

Automobile Applications Dominate the Market

According to the application, it is anticipated that the automobile sector would have a more significant market share for recycled propylene. A high proportion of this market is largely related to manufacturing parts like battery cases, bumpers, carpet fiber, etc. The use of recycled propylene is predicted to expand in the coming years due to rising environmental concerns, which are expected to drive demand for recycled propylene in their manufacturing.

Strategic Developments

  • According to an agreement signed between Berry Global and PureCycle, Berry Global will now have access to PureCycle's ultra-pure recycled (UPR) propylene resin. One of Berry's most recent announcements in November 2021 for improving its recycled material procurement is the partnership.
  • Recently, KW Plastics began construction on a propylene wash line, increasing its operational capacity by 100 million pounds annually as per information in December 2021. The product line would increase productivity, according to Scott Saunders, the general manager of the company.
  • In addition to producing over 100 million pounds of propylene per year, in 2017, P&G introduced the PureCycle technology, which would also create better-recycled propylene for food packaging.
  • In January 2020, L. Brüggemann GmbH & Co. KG and Fraunhofer LBF, both with headquarters in Germany, announced their collaboration to develop innovative stabilizer systems for recovered polyolefins to increase the recyclability of plastics.
  • A prominent packaging and paper business, Mondi plc (Australia), and the British-Dutch multinational consumer goods giant Unilever announced their partnership to manufacture a recyclable propylene (PP) mono-material bag in Turkey for the Knorr line of dry soup powders. In October 2021, Unilever committed to reducing its reliance on virgin plastic. By increasing its use of recycled plastic and expanding reuse and refill forms, the FMCG giant hopes to lower its consumption of plastic packaging by more than 100,000 metric tonnes.

 


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Market Segmentation

The Global Recycled Propylene Market is segmented on the basis of process, source, application, region. Based on process, the market is bifurcated into mechanical and chemical. Based on source, the market is divided into bottles & containers, films, bags, foams, industrial & agricultural waste, others. Based on application, the market is divided into packaging, automobile, building & construction, textiles pharmaceuticals, electronics, others. Based on region, the market is divided into (North America, Europe, Asia Pacific, South America, the Middle East & Africa), By Company.

Company Profiles

LyondellBasell Industries Holdings B.V, Haldia Petrochemicals Limited, Reliance Industries Limited, Westlake Chemical Corporation, Formosa Plastics Corporation, Custom Polymers Inc., Joe's Plastic Inc., MBA Polymers Inc., Veolia Polymers NL B.V, SUEZ SA       are the key players operating in the Global Recycled Propylene Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Process

·         Source

·         Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, Netherlands, Sweden, Belgium, China, India, South Korea, Japan, Thailand, Vietnam, Philippines, Australia, Indonesia, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

LyondellBasell Industries Holdings B.V, Haldia Petrochemicals Limited, Reliance Industries Limited, Westlake Chemical Corporation, Formosa Plastics Corporation, Custom Polymers Inc., Joe's Plastic Inc., MBA Polymers Inc., Veolia Polymers NL B.V, SUEZ SA

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global recycled propylene market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Recycled Propylene Market, By Process:
    • Mechanical
    • Chemical
  • Recycled Propylene Market, By Source:
    • Bottles & Containers
    • Films
    • Bags
    • Foams
    • Industrial & Agricultural Waste
    • Others
  • Recycled Propylene Market, By Application:
    • Packaging
    • Automobile
    • Building & Construction
    • Textiles
    • Pharmaceuticals
    • Electronics
    • Others
  • Recycled Propylene Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
      • Netherlands
      • Sweden
      • Belgium
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Thailand
      • Vietnam
      • Philippines
      • Australia
      • Indonesia
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Global Recycled Propylene 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).

Global Recycled Propylene Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Recycled Propylene Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Process (Mechanical, Chemical)

5.2.2.    By Source (Bottles & Containers, Films, Bags, Foams, Industrial & Agricultural Waste, Others)

5.2.3.    By Application (Packaging, Automobile, Building & Construction, Textiles,     Pharmaceuticals, Electronics, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East &     Africa)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Process

5.3.2.    By Source

5.3.3.    By Application

5.3.4.    By Region

6.    North America Recycled Propylene Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Process

6.2.2.    By Source

6.2.3.    By Application

6.2.4.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Recycled Propylene Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value & Volume

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Process

6.4.1.2.2.           By Source

6.4.1.2.3.           By Application

6.4.2.    Mexico Recycled Propylene Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value & Volume

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Process

6.4.2.2.2.           By Source

6.4.2.2.3.           By Application

6.4.3.    Canada Recycled Propylene Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value & Volume

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Process

6.4.3.2.2.           By Source

6.4.3.2.3.           By Application

7.    Europe Recycled Propylene Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Process

7.2.2.    By Source

7.2.3.    By Application

7.2.4.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Recycled Propylene Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value & Volume

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Process

7.4.1.2.2.           By Source

7.4.1.2.3.           By Application

7.4.2.    Germany Recycled Propylene Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value & Volume

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Process

7.4.2.2.2.           By Source

7.4.2.2.3.           By Application

7.4.3.    United Kingdom Recycled Propylene Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value & Volume

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Process

7.4.3.2.2.           By Source

7.4.3.2.3.           By Application

7.4.4.    Spain Recycled Propylene Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value & Volume

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Process

7.4.4.2.2.           By Source

7.4.4.2.3.           By Application

7.4.5.    Italy Recycled Propylene Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value & Volume

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Process

7.4.5.2.2.           By Source

7.4.5.2.3.           By Application

7.4.6.    Netherlands Recycled Propylene Market Outlook

7.4.6.1.        Market Size & Forecast

7.4.6.1.1.           By Value & Volume

7.4.6.2.        Market Share & Forecast

7.4.6.2.1.           By Process

7.4.6.2.2.           By Source

7.4.6.2.3.           By Application

7.4.7.    Sweden Recycled Propylene Market Outlook

7.4.7.1.        Market Size & Forecast

7.4.7.1.1.           By Value & Volume

7.4.7.2.        Market Share & Forecast

7.4.7.2.1.           By Process

7.4.7.2.2.           By Source

7.4.7.2.3.           By Application

7.4.8.    Belgium Recycled Propylene Market Outlook

7.4.8.1.        Market Size & Forecast

7.4.8.1.1.           By Value & Volume

7.4.8.2.        Market Share & Forecast

7.4.8.2.1.           By Process

7.4.8.2.2.           By Source

7.4.8.2.3.           By Application

8.    Asia-Pacific Recycled Propylene Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Process

8.2.2.    By Source

8.2.3.    By Application

8.2.4.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Recycled Propylene Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value & Volume

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Process

8.4.1.2.2.           By Source

8.4.1.2.3.           By Application

8.4.2.    India Recycled Propylene Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value & Volume

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Process

8.4.2.2.2.           By Source

8.4.2.2.3.           By Application

8.4.3.    South Korea Recycled Propylene Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value & Volume

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Process

8.4.3.2.2.           By Source

8.4.3.2.3.           By Application

8.4.4.    Japan Recycled Propylene Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value & Volume

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Process

8.4.4.2.2.           By Source

8.4.4.2.3.           By Application

8.4.5.    Thailand Recycled Propylene Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value & Volume

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Process

8.4.5.2.2.           By Source

8.4.5.2.3.           By Application

8.4.6.    Vietnam Recycled Propylene Market Outlook

8.4.6.1.        Market Size & Forecast

8.4.6.1.1.           By Value & Volume

8.4.6.2.        Market Share & Forecast

8.4.6.2.1.           By Process

8.4.6.2.2.           By Source

8.4.6.2.3.           By Application

8.4.7.    Philippines Recycled Propylene Market Outlook

8.4.7.1.        Market Size & Forecast

8.4.7.1.1.           By Value & Volume

8.4.7.2.        Market Share & Forecast

8.4.7.2.1.           By Process

8.4.7.2.2.           By Source

8.4.7.2.3.           By Application

8.4.8.    Australia Recycled Propylene Market Outlook

8.4.8.1.        Market Size & Forecast

8.4.8.1.1.           By Value & Volume

8.4.8.2.        Market Share & Forecast

8.4.8.2.1.           By Process

8.4.8.2.2.           By Source

8.4.8.2.3.           By Application

8.4.9.    Indonesia Recycled Propylene Market Outlook

8.4.9.1.        Market Size & Forecast

8.4.9.1.1.           By Value & Volume

8.4.9.2.        Market Share & Forecast

8.4.9.2.1.           By Process

8.4.9.2.2.           By Source

8.4.9.2.3.           By Application

9.    South America Recycled Propylene Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Process

9.2.2.    By Source

9.2.3.    By Application

9.2.4.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Recycled Propylene Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value & Volume

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Process

9.4.1.2.2.           By Source

9.4.1.2.3.           By Application

9.4.2.    Argentina Recycled Propylene Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value & Volume

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Process

9.4.2.2.2.           By Source

9.4.2.2.3.           By Application

10. Middle East and Africa Recycled Propylene Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Process

10.2.2. By Source

10.2.3. By Application

10.2.4. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Recycled Propylene Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value & Volume

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Process

10.4.1.2.2.         By Source

10.4.1.2.3.         By Application

10.4.2. Saudi Arabia Recycled Propylene Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value & Volume

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Process

10.4.2.2.2.         By Source

10.4.2.2.3.         By Application

10.4.3. UAE Recycled Propylene Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value & Volume

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Process

10.4.3.2.2.         By Source

10.4.3.2.3.         By Application

11. Market Dynamics

11.1.             Drivers

11.1.1. Increasing demand from end-use industry

11.1.2. Governments' strict laws and restrictions

11.1.3. Lessen the production's energy demand and CO2 emissions

11.2.             Challenges

11.2.1. High cost of recycled plastics 

11.2.2. Fluctuation in the price of crude oil may hamper growth

12. Market Trends & Developments

12.1.             Recent Developments

12.2.             Product Launches

12.3.             Mergers & Acquisitions

13. Global Recycled Propylene Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (As Reported)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. LyondellBasell Industries Holdings B.V

15.6.2. Haldia Petrochemicals Limited

15.6.3. Reliance Industries Limited

15.6.4. Westlake Chemical Corporation

15.6.5. Formosa Plastics Corporation

15.6.6. Custom Polymers Inc.

15.6.7. Joe's Plastic Inc.

15.6.8. MBA Polymers Inc.

15.6.9. Veolia Polymers NL B.V

15.6.10.              SUEZ SA

Strategic Recommendations

Figures and Tables

Frequently asked questions

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The packaging application is the primary driver for the Global Recycled Propylene Market.

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LyondellBasell Industries Holdings B.V, Haldia Petrochemicals Limited, Reliance Industries Limited, Westlake Chemical Corporation, Formosa Plastics Corporation, Custom Polymers Inc., Joe's Plastic Inc., MBA Polymers Inc., Veolia Polymers NL B.V, SUEZ SA are the key players operating in the Global Recycled Propylene Market.

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Recycled Propylene is used extensively in the automobile sector.

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The Asia Pacific region is expected to account for the largest market share as the demand of the different parts for the automotive sector is high and is expected to maintain its dominance over the next five years.

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Sakshi Bajaal

Business Consultant
Press Release

Recycled Propylene Market to be Dominated by Packaging Applicability Segment Through 2028

Dec, 2022

Growing demand for packaging applicability is expected to drive the recycled propylene market during the forecast period, 2024-2028.

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