The Global High Melt Strength (HMS) Polypropylene market is forecast to reach USD 14.26 Billion by 2026, according to a new report by Reports and Data. High Melt Strength (HMS) Polypropylene are used in several applications that demands more performance from less raw materials. The unique long-chain branched (LCB) structure of the product offers superior foam ability and homogenous fine cell foam structure – even at lowest densities.
The low-density foams made with high melt strength (HMS) polypropylene offers superior recyclability, making it a potential replacement in foam applications currently dominated by cross-linked Polyurethane (PE), Poly Vinyl Chloride (PVC), and Thermoplastic polyurethane (TPU). The product is commonly used in the food and packaging industry as it does not react with food. Compared to other materials, the high melt strength (HMS) polypropylene material is cost-effective in nature and is used for packaging in various industries such as food, healthcare, and cosmetics.
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Top Players in the Global High Melt Strength (HMS) Polypropylene Market:
Borealis AG, Borouge, Braskem, Lotte Chemical, Exxon Mobil, Dow Chemical, LyondellBasell, Total Petrochemicals Refining, Cray Valley, and Omnexus
Asia Pacific dominated the market for high melt strength (HMS) polypropylene owing to the growing demand of the product in the automotive, agriculture, packaging, and building construction sectors. Increased demand for low-density materials to produce high standard and efficient vehicles in countries such as China, Japan, and India are driving the market. China emerged as the second-largest producer of high melt strength (HMS) polypropylene in the year 2018. However, the region is unable to meet its own growing domestic demand resulting in the construction of more manufacturing units.
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Market segmentation based on Molding Technique Outlook:
- Injection Molding
- Blow Molding
- Molding and Injection
- Film Sheet
- Blow Molding
- Medical Devices
- Fiber and Raffia
- Building and Construction
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global High Melt Strength (HMS) Polypropylene market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global High Melt Strength (HMS) Polypropylene market?
- Which regional market is expected to lead in terms of revenue share in the global High Melt Strength (HMS) Polypropylene market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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