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全球聚丙烯三元共聚物 (Ter PP) 市场

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: 约2个工作天内

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简介目录

概述

2023年，全球聚丙烯三元共聚物（Ter PP）市场达到6.313亿美元，预计到2031年将达到9.544亿美元，2024-2031年预测期间CAGR为5.3%。

中国庞大的人口和不断扩大的中产阶级（包括建筑、汽车和包装产业）为聚丙烯三元共聚物产品提供了庞大的市场。企业可以透过在中国建立生产线来抓住市场机会，有效满足不断增长的需求。

例如，2023年3月，中油广东石化公司一条50万吨/年聚丙烯（PP）反应器生产线已启动。为了满足中国市场对优质聚丙烯树脂不断增长的需求，该工厂将生产抗衝共聚物、无规共聚物和均聚物聚丙烯树脂。

这是广西中石油许可的第二条UNIPOL PP技术反应器生产线，也是中石油集团从格雷斯许可的第六条UNIPOL PP技术反应器生产线，总许可产能为185万吨/年。均聚物、乙烯无规共聚物、抗衝共聚物、丁烯无规共聚物和三元聚丙烯树脂都可以在中国使用UNIPOL PP技术生产线生产。因此，中国以显着的区域市场份额为区域产品市场的成长做出了贡献。

动力学

市场反应与创新产品开发推动突破

公司可以利用创意产品开发计画推出具有改进特性和功能的高价值聚丙烯三元共聚物产品。服务于某些行业和用途的特殊材料，包括茂金属聚乙烯和三元聚丙烯，可产生新的收入来源并扩大整个产业的规模。

例如，2023年3月，为优化产品结构，扬子石化在2月对市场进行了监测。随后，聚烯烃新型特种材料生产「快转」键，依序生产三元聚丙烯、热成型聚丙烯、茂金属聚乙烯、EVA光伏薄膜材料。除市场上紧缺的几款高价值产品外，新产品的专用材料占每月总产量的70.56%。比最好水准高出0.36个百分点，实现新突破。

产品创新与产能扩张

由于产品创新，聚丙烯三元共聚物开发了新的牌号、配方和功能，扩大了其应用领域的范围。例如，配方的进步可以为聚丙烯三元共聚物提供改进的品质，例如增强的耐热性、柔韧性和抗衝击性，使其适合消费品、汽车零件和包装等应用。

例如，2020 年8 月，全球最大的生物聚合物和聚烯烃製造商Braskem 宣布推出新的INSPIRE 聚丙烯(PP) 牌号，该牌号旨在取代消费品包装应用中的聚对苯二甲酸乙二醇酯(PET)，例如现成餐点对耐温要求较高的超市、休閒快餐店。

对聚丙烯共聚物的更高需求

除其他聚丙烯产品外还销售聚丙烯共聚物的生产商可以扩大其产品组合。与均聚物 PP 相比，共聚物 PP 具有独特的性能，例如更大的柔韧性、抗衝击性和透明度，使其适用于更广泛的应用。製造商可以透过满足更广泛的消费者需求并透过产品多样化进入未开发的领域来增加收入来源。

例如，在汽车产业復苏的帮助下，印度的衝击市场（嵌段）共聚物在经历了近两年相对较差的表现后，预计将于 2020 年 8 月出现成长。由于两轮和四轮汽车销量下降， OEM （原始设备製造商）销量也大幅下滑，导致汽车零件产业成长放缓。印度汽车零件製造商协会（ACMA）报告称，2019-2020财年汽车零件产业营业额较上年下降11.7%。

回收基础设施有限

聚丙烯三元共聚物的回收率低是由于回收基础设施不足所造成的。由于缺乏收集、分类和加工的基础设施，大量废弃的聚丙烯三元共聚物产品没有被回收成新材料，而是最终被扔进垃圾掩埋场或焚烧炉。低迴收率限制了可用于製造的回收聚丙烯三元共聚物原料的供应，从而阻碍了市场扩张。

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