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Evaluating the COVID-19 Impact: Slump in Manufacturing Activity Hinders Polypropylene Sales During Outbreak, Says Future Market Insights Report
Published 1 month ago
The polypropylene market is projected to grow at a sluggish 3.3% CAGR, through the forecast period (2020-2030). The global pandemic has resulted in extensive restrictions on manufacturing industries around the world, including those in the electronics, automotive, construction, consumer goods, and industrial equipment sectors. This has affected the demand for plastic materials in addition to reducing production and processing activities, harming the polypropylene market in months to come. However, strong demand for polypropylene in end use verticals will aid in gradual recovery post the pandemic reveals FMI.
Global Polypropylene (PP) Compounds Market 2020 Growth, Latest Trend Analysis and Forecast 2025 sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.