Market Overview:
The global HMSPP market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for HMSPP from various end-use industries, such as chemical container, electrical appliances, food packaging, medicine and others. Additionally, growing awareness about the benefits of using HMSPP over other polypropylene grades is also propelling the growth of this market. Some of the key players operating in this market are BASF SE (Germany), LyondellBasell Industries Holdings BV (Netherlands), SABIC (Saudi Arabia) and INEOS Group AG (Switzerland).
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Product Definition:
HMSPP is a type of polypropylene with high melt strength. This means that it has a high resistance to melting, making it ideal for use in products that require durability and heat resistance, such as packaging and automotive components.
Copolymer:
Copolymer is a kind of synthetic rubber, it is also known as artificial rubber. It has different properties from natural rubber including high resilience and low heat aging property. Copolymer can be produced through the process of polymerization and copolymerization or by blending two or more kinds of polymers together.
Homopolymer:
Homopolymer is a chemical compound of monomer (basic unit) and copolymer. It is also known as homopolymerization or polymerization. In the polymer industry, it means a repeat unit in the chain structure of polymers. Polymers are made up of many small units connected together to form long chains called polymeric networks which give them certain properties such as strength, hardness, toughness and flexibility etcetera.
Application Insights:
The chemical container application segment led the global market and accounted for more than 35.0% share of the total revenue in 2017. Chemical containers made from high melt strength polypropylene are used in various industries including pharmaceutical, food, beverage, cosmetics and paints among others. The properties such as excellent thermal shock resistance along with low permeability make it suitable for use in chemical packaging applications.
High-performance polymers have a significant impact on manufacturing processes within automotive & transportation industry owing to their benefits such as shorter lead times and reduced inventory levels which eventually results in cost savings for companies manufacturing vehicles or parts of vehicles like engine components or transmissions among others globally. HMSPP is also used to manufacture electrical appliances like transformers that are characterized by high power handling capabilities thus making them ideal substitutes for metals currently being used on a larger scale within electrical appliances industry globally due to their lower weight compared to traditional metal counterparts while still retaining similar performance characteristics overall during testing carried out by Underwriters Laboratories Inc.
Regional Analysis:
Asia Pacific was the largest market for high melt strength polypropylene in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2016 owing to growing demand from various end-use industries, such as electrical & electronics, construction, automotive and packaging. China is projected to remain a key consumer due to rapid industrialization along with increasing foreign investments in this country.
The presence of numerous manufacturers coupled with easy availability of raw materials has led Latin America HMSPP market growth prospects to be promising over the forecast period. Brazil emerged as one of the major producers after an investment worth USD X million by COPAL SA company which started production in 2014 at Itaparica city plant followed by another investment worth USD X million made by BASF SE for expanding its plastic production capacity at Santa Clara city plant.
Growth Factors:
- Increasing demand from end-use industries such as automotive, packaging, and construction
- Growing popularity of HMSPP in Asia Pacific region
- Rising investment by key players in research and development (R&D) activities to develop innovative products
- Proliferation of new applications for HMSPP across different industries
- Stringent government regulations on use of traditional materials such as metals and glass
Scope Of The Report
Report Attributes
Report Details
Report Title
High Melt Strength Polypropylene (HMSPP) Market Research Report
By Type
Copolymer, Homopolymer
By Application
Chemical Container, Electrical Appliances, Food Packaging, Medicine, Others
By Companies
Hanwha, LyondellBasell, Braskem, Genesis, Channel Prime Alliance, China Sinopec, Borealis, Reliance
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global High Melt Strength Polypropylene (HMSPP) Market Report Segments:
The global High Melt Strength Polypropylene (HMSPP) market is segmented on the basis of:
Types
Copolymer, Homopolymer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Container, Electrical Appliances, Food Packaging, Medicine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hanwha
- LyondellBasell
- Braskem
- Genesis
- Channel Prime Alliance
- China Sinopec
- Borealis
- Reliance
 Market Overview.svg)
Highlights of The High Melt Strength Polypropylene (HMSPP) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Copolymer
- Homopolymer
- By Application:
- Chemical Container
- Electrical Appliances
- Food Packaging
- Medicine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Melt Strength Polypropylene (HMSPP) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High melt strength polypropylene (HMSPP) is a type of thermoplastic that has a high melting point and can withstand higher temperatures than other types of plastic. This makes it ideal for use in products that will be exposed to high temperatures, such as cookware and heat-resistant containers. HMSPP is also resistant to chemicals and oils, making it an ideal material for food packaging.
Some of the key players operating in the high melt strength polypropylene (hmspp) market are Hanwha, LyondellBasell, Braskem, Genesis, Channel Prime Alliance, China Sinopec, Borealis, Reliance.
The high melt strength polypropylene (hmspp) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Melt Strength Polypropylene (HMSPP) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Melt Strength Polypropylene (HMSPP) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Melt Strength Polypropylene (HMSPP) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Melt Strength Polypropylene (HMSPP) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Melt Strength Polypropylene (HMSPP) Market Size & Forecast, 2020-2028
4.5.1 High Melt Strength Polypropylene (HMSPP) Market Size and Y-o-Y Growth
4.5.2 High Melt Strength Polypropylene (HMSPP) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Copolymer
5.2.2 Homopolymer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Container
6.2.2 Electrical Appliances
6.2.3 Food Packaging
6.2.4 Medicine
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Melt Strength Polypropylene (HMSPP) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Melt Strength Polypropylene (HMSPP) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Copolymer
9.6.2 Homopolymer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Container
9.10.2 Electrical Appliances
9.10.3 Food Packaging
9.10.4 Medicine
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Copolymer
10.6.2 Homopolymer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Container
10.10.2 Electrical Appliances
10.10.3 Food Packaging
10.10.4 Medicine
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Copolymer
11.6.2 Homopolymer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Container
11.10.2 Electrical Appliances
11.10.3 Food Packaging
11.10.4 Medicine
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Copolymer
12.6.2 Homopolymer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Container
12.10.2 Electrical Appliances
12.10.3 Food Packaging
12.10.4 Medicine
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Copolymer
13.6.2 Homopolymer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Container
13.10.2 Electrical Appliances
13.10.3 Food Packaging
13.10.4 Medicine
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Melt Strength Polypropylene (HMSPP) Market: Competitive Dashboard
14.2 Global High Melt Strength Polypropylene (HMSPP) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hanwha
14.3.2 LyondellBasell
14.3.3 Braskem
14.3.4 Genesis
14.3.5 Channel Prime Alliance
14.3.6 China Sinopec
14.3.7 Borealis
14.3.8 Reliance
