High Melt Strength (HMS) Polypropylene Market Size is USD 2.91 Billion at a CAGR of 18.6% by 2026

 The application of High Melt Strength (HMS) Polypropylene in the automotive sector and increased demand from the APAC region will fuel the market growth.

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. Polypropylene is a versatile thermoplastic material, which is compatible with several processing techniques and is used in various applications. The high melt strength (HMS) polypropylene is fabricated by the process of direct polymerization.

High melt strength (HMS) polypropylene has the property of wide molecular weight distribution and high melting strength as compared to polypropylene. The high melt strength provides greatly improved elasticity to the product, which results in better processability in stretching flows, such as in extrusion, blow molding, foaming, and thermoforming. It also produces very low densities and good mechanical properties.

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Top Leading Players: Borealis AG, Borouge, Braskem, Lotte Chemical, Exxon Mobil, Dow Chemical, LyondellBasell, Total Petrochemicals & Refining, Cray Valley, and Omnexus, among others.

Further Key Finding from the Report Suggestion:

  • Injection molding held the largest market share of 36.2% in the year 2018. The increased application of High Melt Strength (HMS) Polypropylene in the shaping of rubber or plastic articles by injecting heated material into a mold is boosting the segment’s growth.
  • Automotive headliners often consist of face fabric with nonwoven or foam backing. High Melt Strength (HMS) Polypropylene are being increasingly used as foam to reduce the overall weight of the vehicle. Headliners segment is forecasted to hold a market share of 18.1% during the forecast period.
  • Low density extruded High Melt Strength (HMS) Polypropylene foams are increasingly being used in food packaging and is forecasted to grow with a CAGR of 18.8% during the forecast period.
  • Protective packaging capitalizes on several favorable features of low-density HMS polypropylene foam. Target properties in stiffness, elasticity, and low-temperature impact can be reached easily with HMS Polypropylenes.
  • High Melt Strength (HMS) Polypropylene has good low-temperature impact properties, good thermal insulation, low density, and it shows good heat resistance which makes it apt to be used in packaging as the material used should be both microwaveable and recyclable.
  • The Asia Pacific region held the largest market share of 33.1% in the year 2018. Emerging economies such as India, and China, and developed economies like Japan are the major consumers of High Melt Strength (HMS) Polypropylene. China is anticipated to grow its HMS propylene capacity at the fastest pace as compared to other nations across the globe to become the largest producer in the coming years.

High Melt Strength (HMS) Polypropylene Market Growth:

The High Melt Strength (HMS) Polypropylene Market is expected to grow in the coming years due to several factors, including:

  1. Increasing demand from the packaging industry: HMS polypropylene is widely used in the packaging industry due to its excellent stiffness, toughness, and resistance to heat and chemicals. With the growth of the packaging industry, the demand for HMS polypropylene is also increasing.
  2. Growing demand from the automotive industry: HMS polypropylene is used in the production of automotive parts such as bumpers, interior trims, and door panels, among others. With the growth of the automotive industry, the demand for HMS polypropylene is expected to increase.
  3. Rising demand for lightweight materials: HMS polypropylene offers high strength and stiffness with low weight, making it an ideal choice for applications that require lightweight materials. This has led to increased demand for HMS polypropylene in various industries, including automotive, packaging, and construction.
  4. Increasing investments in research and development: Various companies and research institutions are investing heavily in the research and development of new and improved HMS polypropylene. This is expected to result in the development of new applications and products, thereby driving the growth of the HMS polypropylene market.

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The global High Melt Strength (HMS) Polypropylene market is segmented into:

Molding Technique Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Billion; 2016-2026)

  • Injection Molding
  • Blow Molding
  • Extrusion
  • Others

Applications Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Billion; 2016-2026)

  • Molding and Injection
  • Film & Sheet
  • Blow Molding
  • Medical Devices
  • Fiber and Raffia
  • Headliners

End-User Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Billion; 2016-2026)

  • Packaging
  • Automotive
  • Building and Construction
  • Healthcare
  • Others

Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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