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1446867

全球聚丙烯三元共聚物 (Ter PP) 市場

Global Polypropylene Terpolymer (Ter PP) Market

出版日期: 2024年02月13日 | 出版商:

DataM Intelligence | 英文 175 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2023年，全球聚丙烯三元共聚物（Ter PP）市場達到6.313億美元，預計到2031年將達到9.544億美元，2024-2031年預測期間CAGR為5.3%。

中國龐大的人口和不斷擴大的中產階級（包括建築、汽車和包裝產業）為聚丙烯三元共聚物產品提供了龐大的市場。企業可以透過在中國建立生產線來抓住市場機遇，有效滿足不斷成長的需求。

例如，2023年3月，中油廣東石化公司一條50萬噸/年聚丙烯（PP）反應器生產線已啟動。為了滿足中國市場對優質聚丙烯樹脂不斷成長的需求，該工廠將生產抗衝共聚物、無規共聚物和均聚物聚丙烯樹脂。

這是廣西中石油許可的第二條UNIPOL PP技術反應器生產線，也是中石油集團從格雷斯許可的第六條UNIPOL PP技術反應器生產線，總許可產能為185萬噸/年。均聚物、乙烯無規共聚物、抗衝共聚物、丁烯無規共聚物和三元聚丙烯樹脂都可以在中國使用UNIPOL PP技術生產線生產。因此，中國以顯著的區域市場佔有率為區域產品市場的成長做出了貢獻。

動力學

市場反應與創新產品開發推動突破

公司可以利用創意產品開發計畫推出具有改進特性和功能的高價值聚丙烯三元共聚物產品。服務於某些行業和用途的特殊材料，包括茂金屬聚乙烯和三元聚丙烯，可產生新的收入來源並擴大整個產業的規模。

例如，2023年3月，為最佳化產品結構，揚子石化在2月對市場進行了監測。隨後，聚烯烴新型特種材料生產「快轉」鍵，依序生產三元聚丙烯、熱成型聚丙烯、茂金屬聚乙烯、EVA光伏薄膜材料。除市場上緊缺的幾款高價值產品外，新產品的專用材料佔每月總產量的70.56%。比最好水準高出0.36個百分點，實現新突破。

產品創新與產能擴張

由於產品創新，聚丙烯三元共聚物開發了新的牌號、配方和功能，擴大了其應用領域的範圍。例如，配方的進步可以為聚丙烯三元共聚物提供改進的品質，例如增強的耐熱性、柔韌性和抗衝擊性，使其適合消費品、汽車零件和包裝等應用。

例如，2020 年8 月，全球最大的生物聚合物和聚烯烴製造商Braskem 宣布推出新的INSPIRE 聚丙烯(PP) 牌號，該牌號旨在取代消費品包裝應用中的聚對苯二甲酸乙二醇酯(PET)，例如現成餐點對耐溫要求較高的超市、休閒快餐店。

對聚丙烯共聚物的更高需求

除其他聚丙烯產品外還銷售聚丙烯共聚物的生產商可以擴大其產品組合。與均聚物 PP 相比，共聚物 PP 具有獨特的性能，例如更大的柔韌性、抗衝擊性和透明度，使其適用於更廣泛的應用。製造商可以透過滿足更廣泛的消費者需求並透過產品多樣化進入未開發的領域來增加收入來源。

例如，在汽車產業復甦的幫助下，印度的衝擊市場（嵌段）共聚物在經歷了近兩年相對較差的表現後，預計將於 2020 年 8 月出現成長。由於兩輪和四輪汽車銷量下降， OEM （原始設備製造商）銷量也大幅下滑，導致汽車零件產業成長放緩。印度汽車零件製造商協會（ACMA）報告稱，2019-2020會計年度汽車零件產業營業額較上年下降11.7%。

回收基礎設施有限

聚丙烯三元共聚物的回收率低是由於回收基礎設施不足所造成的。由於缺乏收集、分類和加工的基礎設施，大量廢棄的聚丙烯三元共聚物產品沒有被回收成新材料，而是最終被扔進垃圾掩埋場或焚燒爐。低迴收率限制了可用於製造的回收聚丙烯三元共聚物原料的供應，從而阻礙了市場擴張。

China's significant population and expanding middle class, which includes the building, automotive and packaging sectors, present a sizable market for polypropylene terpolymer products. Companies can capitalize on market opportunities and effectively meet the growing demand by establishing production lines in China.

For instance, in March 2023, a 500,000-tpy polypropylene (PP) reactor line has been started by PetroChina GuangDong PetroChemical firm. In order to fulfil the growing demand for premium PP resins in the Chinese market, the facility will produce impact copolymer, random copolymer and homopolymer PP resins.

With a total licensed capacity of 1.850 Million Tons per year, this was the second UNIPOL PP technology reactor line licensed by PetroChina Guangxi and the sixth by PetroChina Group from Grace. Homopolymer, ethylene random copolymer, impact copolymer, butene random copolymer and terpolymer polypropylene resins can all be produced using this UNIPOL PP technology line in China. Therefore, China contributes to the growth of the regional product market with significant regional market share.

Dynamics

Market Response and Innovative Product Development Drive Breakthrough

Companies can launch high-value polypropylene terpolymer products with improved features and functionalities using creative product development initiatives. The specialty materials, which serve certain industries and uses, including metallocene polyethylene and terpolymer polypropylene, generate new revenue streams and increase the size of the industry overall.

For instance, in March 2023, to optimize its product structure, Yangzi Petrochemical monitored the market in February. It then hit the "fast forward" button for the production of new polyolefin special materials, producing terpolymer polypropylene, thermoforming polypropylene, metallocene polyethylene and EVA photovoltaic film materials in that order. Amounting to 70.56% of the total monthly output, specific materials for new goods were in addition to several high-value products that are in short supply on the market. The was 0.36 percentage points more than the best level in accomplishing the new breakthrough.

Product Innovation and Capacity Expansion

New grades, formulations and functions of polypropylene terpolymer are developed as a result of product innovation, broadening the range of sectors in which it can be used. For instance, formulation advancements can provide polypropylene terpolymer with improved qualities such as increased heat resistance, flexibility and impact resistance, making it appropriate for usage in consumer goods, automotive components and packaging, among other applications.

For instance, in August 2020, the world's largest manufacturer of biopolymers and polyolefins, Braskem announced the introduction of its new INSPIRE polypropylene (PP) grade, which is intended to replace polyethylene terephthalate (PET) in consumer packaging applications like ready-made meals at supermarkets and fast-casual restaurants where greater temperature resistance is required.

Higher Demand for PP Co-Polymer

Producers which sell PP Co-Polymer in addition to other polypropylene products may expand their product portfolio. Compared to homopolymer PP, PP co-polymer offers distinct properties such as greater flexibility, impact resistance and transparency, making it suitable for a wider range of applications. Manufacturers can increase revenue streams by catering to a broader range of consumer wants and entering unexplored areas by diversifying their product offerings.

For instance, in August 2020, the impact market (block) copolymer in India is expected to increase following nearly two years of comparatively poor performance, helped by a comeback in the automotive industry. As a result of falling sales of two- and four-wheelers, OEM (original equipment manufacturers) sales also sharply declined, leading to a reduction in the growth of the auto component sector. The Automotive Component Manufacturers Association of India (ACMA) reported an 11.7% decrease in the automobile component industry's turnover for fiscal year 2019-2020 compared with the previous year.

Limited Recycling Infrastructure

Low rates of recycling polypropylene terpolymer are caused by inadequate recycling infrastructure. A large amount of discarded polypropylene terpolymer goods are not recycled into new materials but instead wind up in landfills or incinerators due to a lack of infrastructure for collection, sorting and processing. Low recycling rates impede market expansion by limiting the supply of recycled polypropylene terpolymer feedstock available for manufacture.

Segment Analysis

The global Polypropylene Terpolymer market is segmented based on application, end-user and region.

Market Expansion and Industry Trends Fueling Segmental Growth

Automotive manufacturing in emerging markets such as China, India and Brazil are rapidly increasing, owing to increased disposable incomes, urbanization and infrastructure development. PP Co-Polymer manufacturers may capitalize on this trend by meeting the growing demand for lightweight materials in these areas.

According to Stats, global automotive production will reach around 77.7 million vehicles in 2020, with Asia-Pacific accounting for the highest proportion, indicating a huge market opportunity for PP Co-Polymer in this region. As a result, the automotive segment is critical to driving the growth of the global PP Co-Polymer market, which is aided by industry trends such as the rising use of interior components, a shift towards electric vehicles and increased vehicle production in emerging regions. Therefore, burgeoning demand from automotive end-user segment captures the significant shares in the total global segmental shares.

Geographical Penetration

Government-Led Initiatives Propel Growth of PP Co-Polymer Market in APAC

Government in the developing countries started taking initiatives to enhance the domestic manufacturing and exports to open up the new market prospects for PP Co-Polymer manufacturers in APAC. Increased regional and other local production capacity and competitiveness allow manufacturers to cater the demand for both domestic and international markets, resulting in global market growth for PP Co-Polymer.

Governments in APAC nations are implementing measures and other related policies to increase the domestic manufacturing and attract foreign investment. China's Made in China 2025 project and India's Make in India strategy intends to improve the country's manufacturing capacity, resulting in increased demand for innovative materials such as PP Co-Polymers. Therefore, Asia-Pacific is leading the global Polypropylene Terpolymer market with majority of the global market shares.

COVID-19 Impact Analysis

Price instability was caused by changes in supply and demand, which affected the Polypropylene Terpolymer market among other markets. Market volatility was caused on by uncertainties over the scope and duration of the epidemic, which had an impact on industry participants' profit margins and pricing policies.

The pandemic-induced economic downturn reduced demand for PP Co-Polymer across a wide range of end-use sectors. Lockdowns and other closures of production units and complete shutdown of supplying units and lower consumer spending all contributed to decreased demand in the automotive, construction and consumer products manufacturing sectors.

Russia-Ukraine War Impact Analysis

As the war started, U.S. imposed severe economic penalties, including a ban on Russian oil imports. Crude oil prices immediately exceeded US$ 100 per barrel, indicating an increase in resin cost. PE suppliers hiked per-pound costs by 4 cents in March, with another 6-cent increase planned for Q2 2022. Likewise, PP suppliers have adopted a per-pound increase ranging from 8 to 10 cents, with another 4-cent rise possible in Q2 2022.

The war-related pallet production standstill in Ukraine has left those who rely on the finished product in the lurch. Limited pallet availability raises costs in the face of increasing demand, particularly as upstream resin stockpiles increase. Supply chain disruptions continue to clog shipping channels, resulting in massive surpluses of plastics being stored on pallets for export. Increased pallet costs exacerbate already exorbitant shipping expenses and resin manufacturers are feeling the strain.

By Application

Fiber
Film & Sheet
Others

By End-User

Packaging
Automotive
Medical
Consumer Goods
Building & Construction
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In March 2023, a 500,000-tpy polypropylene (PP) reactor line has been started by PetroChina GuangDong PetroChemical firm. In order to fulfil the growing demand for premium PP resins in the Chinese market, the facility will produce impact copolymer, random copolymer and homopolymer PP resins.
In August 2020, the world's largest manufacturer of biopolymers and polyolefins, Braskem announced the introduction of its new INSPIRE polypropylene (PP) grade, which is intended to replace polyethylene terephthalate (PET) in consumer packaging applications like ready-made meals at supermarkets and fast-casual restaurants where greater temperature resistance is required.
In 2018, Saudi SABIC has introduced a new impact PP copolymer grade that represents a possible alternative to existing ABS materials used in home appliances, high-end cosmetics, furniture and other household consumer goods markets.

Competitive Landscape

The major global players in the market include LyondellBasell Industries, SABIC, TotalEnergies, INEOS Group, Mitsui Chemicals, Inc., Formosa Plastics Corporation, Dow Inc., Borealis AG, PolyOne Corporation and Hanwha Chemical Corporation.

Why Purchase the Report?

To visualize the global Polypropylene Terpolymer market segmentation based on application, end-user and region, as well as understands key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of Polypropylene Terpolymer market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Application mapping available as excel consisting of key products of all the major players.

The global Polypropylene Terpolymer market report would provide approximately 53 tables, 44 figures and 175 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Application
3.2. Snippet by End-User
3.3. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Market Response and Innovative Product Development Drive Breakthrough
  - 4.1.1.2. Product Innovation and Capacity Expansion
- 4.1.2. Restraints
  - 4.1.2.1. Limited Recycling Infrastructure
- 4.1.3. Opportunity
  - 4.1.3.1. Higher Demand for PP Co-Polymer
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Application

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 7.1.2. Market Attractiveness Index, By Application
7.2. Fiber*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Film & Sheet
7.4. Others

8. End-User

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 8.1.2. Market Attractiveness Index, By End-User
8.2. Packaging*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Automotive
8.4. Medical
8.5. Consumer Goods
8.6. Building & Construction
8.7. Others

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.5.1. U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.5.1. Germany
  - 9.3.5.2. UK
  - 9.3.5.3. France
  - 9.3.5.4. Italy
  - 9.3.5.5. Russia
  - 9.3.5.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.5.1. Brazil
  - 9.4.5.2. Argentina
  - 9.4.5.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.5.1. China
  - 9.5.5.2. India
  - 9.5.5.3. Japan
  - 9.5.5.4. Australia
  - 9.5.5.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. LyondellBasell Industries*
- 11.1.1. Company Overview
- 11.1.2. Application Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. SABIC
11.3. TotalEnergies
11.4. INEOS Group
11.5. Mitsui Chemicals, Inc.
11.6. Formosa Plastics Corporation
11.7. Dow Inc.
11.8. Borealis AG
11.9. PolyOne Corporation
11.10. Hanwha Chemical Corporation

LIST NOT EXHAUSTIVE