According to a market report by Lucintel, the future of the global polypropylene resin market in Thailand. The global polypropylene resin market in Thailand is expected to reach an estimated $2.1 billion by 2030 from $1.8 billion in 2023, at a CAGR of 2.0% from 2024 to 2030. The major drivers for this market are increasing demand of polypropylene resin from packaging end use and the rising need of lightweight materials in the automotive components such as such as bumpers, instrument panels, and door trim.
Browse 133 figures / charts and 128 tables in this 200 -page report to understand trends, opportunity and forecast in polypropylene resin market in Thailand to 2030 by application (packaging, containers, bags, concrete reinforcement, fibers, tapes, automotive component, sheet & film, and others) and end use (automotive, marine, construction, packaging, medical, textile, consumer goods, electrical & electronics, and others)
Lucintel forecast that packaging will remain the largest end use segment over the forecast period because it is the most cost-effective and safer material for packaging. Packaging is also expected to witness the highest growth over the forecast period.
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Packaging will remain the largest segment over the forecast period due to the increasing use of polypropylene resin in packaging for its various properties such as; good mechanical properties at ambient temperature, low absorption of water, low density, and special grades for food contact etc.
HMC Polymers Co. Ltd., IRPC Public Co. Ltd., SCG Chemical Public Co. Ltd., LyondellBasellare the major suppliers in the polypropylene resin market in Thailand.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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