VALLEY COTTAGE, New York, November 16, 2016 /PRNewswire/ -- According to a new report published by Future Market Insights titled " PP Homopolymer Market: Global Industry Analysis and Opportunity Assessment, 2016-2026", the global PP homopolymer market was valued at US$ 42.87 Bn in 2015 and is anticipated to register a CAGR of 5.5% during the forecast period (2016 - 2026). The report throws light on the key drivers, trends, and restraints likely to impact the growth and performance of the global PP homopolymer market over the next 10 years and offers information on opportunities for PP homopolymer manufacturers operating in the global PP homopolymer market. (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO ) According to Future Market Insights, an increasing consumption of PP homopolymer in the packaging industry along with a high growth of the retail sector is likely to boost the demand for PP homopolymer and subsequently drive market growth over the forecast period. PP homopolymer plays a major role in decreasing carbon emissions from vehicles and manufacturers around the world are increasingly using PP homopolymer in vehicle production to comply with various government and environmental regulations regarding the reduction of carbon emissions from vehicles. Use of PP homopolymer in automotive applications leads to reduced weight of the vehicle, consequently increasing its fuel efficiency. This is another factor fuelling the growth of the global PP homopolymer market. In order to capitalise on the opportunities in the market, market players are introducing new grades of PP homopolymer for various new applications to increase their market share in the global market. Request a Sample Report and Table of Contents with Figures: http://www.futuremarketinsights.com/reports/sample/rep-gb-2122 However, in the last few years, automobile OEMs have been switching from PP homopolymer to PP copolymer and aluminium for manufacturing specific vehicle parts as PP copolymer and aluminium provide better toughness and durability than PP homopolymer. This is likely to restrict the growth of the global PP homopolymer market over the forecast period.