Global PP market to reach $145bn by 2019
Polypropylene is one of the most versatile plastics. A broad range of products of day to day life are made from this polyolefin. Packaging is the most important market sector. Ceresana expects a dynamic growth of worldwide revenues generated with this second most important plastic, amounting to more than US$145 billion in 2019. Especially the dynamic economic development in emerging markets will continue to boost demand for polypropylene (PP). The average annual growth rate of 4.4% of the last eight years is likely to be surpassed in the future, as is explained exhaustively in the market study recently published (News Item Ceresana, July 2012).