Asia-Pacific Polypropylene market is expected to reach US$69,817 mln by 2018

20-Jan-15

The Asia-Pacific Polypropylene market has the highest global market share of around 48% with China being the most influential country for this significant growth, as per MicroMarket Monitor. The market share of the Asia-Pacific region was valued at around US$41,227.7 mln in 2013 and it is estimated to reach US$69,817 mln by 2018 with a CAGR of 9.9%. The leading countries of this regional market are China, India, Japan and South Korea. China dominated the Asia-Pacific market with a share of around 55%, followed by Japan and India. The leading players in this market are China National Petroleum Corporation (China) and Reliance Industries Ltd. (India). The Indian polypropylene market is estimated to grow with the highest CAGR of around 13.1% between 2013 and 2018.