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Polypropylene Global Market Report 2023 – By Product Type (Homopolymer, Copolymer), By Application (Injection Molding, Fiber and Raffia, Film and Sheet, Blow Molding), By End User Industry (Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-User Industries) – Market Size, Trends, And Market Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r1624 | Delivery Time: 2-3 business days | Format :


Polypropylene is a thermoplastic polymer produced by chain-growth polymerization of the monomer propylene and is used in automotive fittings and industrial fibers. It is resilient, resistant to fatigue, and highly resistant to most acids and alkalis.

The main products of polypropylene are homopolymer and copolymer. A homopolymer is a polymer like polyethylene containing identical monomer units. These are used in applications such as injection molding, fiber and raffia, film and sheet, and blow molding that are used by end users such as packaging, automotive, consumer products, electrical and electronics, and other industries.

The polypropylene market research report is one of a series of new reports from The Business Research Company that provides polypropylene market statistics, including polypropylene industry global market size, regional shares, competitors with a polypropylene market share, detailed polypropylene market segments, market trends and opportunities, and any further data you may need to thrive in the polypropylene industry. This polypropylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global polypropylene market grew from $126.75 billion in 2022 to $138.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The  polypropylene market is expected to grow to $192.13 billion in 2027 at a CAGR of 8.6%.

Rising demand for thermoplastic materials has contributed to the growth of the polypropylene market. Due to their unique chemical properties, thermoplastic materials can be recycled and remolded without affecting their physical properties. As a result, thermoplastic materials are far more useful in a wide range of applications, including clothing, packaging, food, and beverages. Additionally, they are also used in heavy-duty applications such as the aerospace, military, and medical industries. According to the American Chemistry Council, the production of plastic resins, which serve as the foundation for all plastic products, climbed 0.9 percent in the United States in 2020, compared to 1.2 percent in 2019. The rising demand for thermoplastic materials increased the demand for the polypropylene market, thereby driving the market.

Variations in the prices of raw materials such as crude oil have always been a major challenge in the polypropylene market. Fluctuating crude oil prices increase the operating expenses, affecting the bottom lines of manufacturing companies in this market. For instance, according to the ‘Business Standard’, polypropylene became costlier by 4.6% due to rising oil prices. Crude oil is the main source of petrochemicals as plastics are produced primarily from petroleum products. Therefore, crude oil prices are one of the key factors affecting plastic costs, making them very volatile. Volatile prices thereby have a negative impact on the polypropylene market, affecting the market’s growth.

Eco-friendly polypropylene compounds are increasingly being used due to strict government rules and regulations over recycling and environmental protection. The polypropylene compounds possess unique qualities, making them more favorable as an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitsui Chemicals Inc., and Prime Polymer, has developed new technologies and inventions to produce high-quality products that are environmentally friendly. With those advancements, GSC’s polypropylene compounds are producing high-quality automobile parts such as consoles, instrument panels, bumpers, door panels, and various accessories.

In June 2021, LyondellBasell, one of the world’s major plastics, chemicals, and refinery firms based in the Netherlands, acquired PolyPacific Polymers. This acquisition contributes to LyondellBasell’s expansion of its polypropylene business. PolyPacific Polymers Sdn Bhd is a Malaysian firm that produces modified polypropylene olefin compounds.

Major players in the polypropylene market are Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, and Asahi Kasei Plastics.

Asia-Pacific was the largest region in the polypropylene market in 2022. North America was the second-largest region in the global polypropylene market. The regions covered in the global polypropylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the polypropylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The polypropylene market consists of the sales of block copolymers, and random copolymers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global polypropylene market is segmented -

1) By Product Type: Homopolymer, Copolymer

2) By Application: Injection Molding, Fiber & Raffia, Film & Sheet, Blow Molding

3) By End User Industry: Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-User Industries

    Table Of Contents

    1. Executive Summary

    2. Polypropylene (PP) Market Characteristics

    3. Polypropylene (PP) Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Polypropylene (PP) Market

    3.2 Ukraine-Russia War Impact On Polypropylene (PP) Market

    3.3 Impact Of High Inflation On Polypropylene (PP) Market

    4. Polypropylene (PP) Market Size And Growth

    4.1. Global Polypropylene (PP) Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global Polypropylene (PP) Forecast Market, 2022- 2027F, 2032F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Polypropylene (PP) Market Segmentation

    5.1. Global Polypropylene (PP) Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Homopolymer

    Copolymer

    5.1. Global Polypropylene (PP) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Injection Molding

    Fiber & Raffia

    Film & Sheet

    Blow Molding

    5.3. Global Polypropylene (PP) Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Packaging

    Automotive

    Consumer Products

    Electrical and Electronics

    Other End-Use Industries

    6. Polypropylene (PP) Market Regional And Country Analysis

    6.1. Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    6.2. Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    7. Asia-Pacific Polypropylene (PP) Market

    7.1. Asia-Pacific Polypropylene (PP) Market Overview

    7.2. Asia-Pacific Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. China Polypropylene (PP) Market

    8.1. China Polypropylene (PP) Market Overview

    8.2. China Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9. India Polypropylene (PP) Market

    9.1. India Polypropylene (PP) Market Overview

    9.2. India Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10. Japan Polypropylene (PP) Market

    10.1. Japan Polypropylene (PP) Market Overview

    10.2. Japan Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Australia Polypropylene (PP) Market

    11.1. Australia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Indonesia Polypropylene (PP) Market

    12.1. Indonesia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. South Korea Polypropylene (PP) Market

    13.1. South Korea Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. Western Europe Polypropylene (PP) Market

    14.1. Western Europe Polypropylene (PP) Market Overview

    14.2. Western Europe Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. UK Polypropylene (PP) Market

    15.1. UK Polypropylene (PP) Market Overview

    15.2. UK Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. Germany Polypropylene (PP) Market

    16.1. Germany Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. France Polypropylene (PP) Market

    17.3. France Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. Eastern Europe Polypropylene (PP) Market

    18.1. Eastern Europe Polypropylene (PP) Market Overview

    18.2. Eastern Europe Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. Russia Polypropylene (PP) Market

    19.1. Russia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. North America Polypropylene (PP) Market

    20.1. North America Polypropylene (PP) Market Overview

    20.2. North America Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. USA Polypropylene (PP) Market

    21.1. USA Polypropylene (PP) Market Overview

    21.2. USA Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. South America Polypropylene (PP) Market

    22.1. South America Polypropylene (PP) Market Overview

    22.2. South America Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. Brazil Polypropylene (PP) Market

    23.1. Brazil Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Middle East Polypropylene (PP) Market

    24.1. Middle East Polypropylene (PP) Market Overview

    24.2. Middle East Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Africa Polypropylene (PP) Market

    25.1. Africa Polypropylene (PP) Market Overview

    25.2. Africa Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26. Polypropylene (PP) Market Competitive Landscape And Company Profiles

    26.1. Polypropylene (PP) Market Competitive Landscape

    26.2. Polypropylene (PP) Market Company Profiles

    26.2.1. Lyondellbasell

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Sinopec

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Sabic

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Exxon Mobil

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Braskem

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Polypropylene (PP) Market

    28. Polypropylene (PP) Market Trends And Strategies

    29. Polypropylene (PP) Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Table 3: Global Polypropylene (PP) Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global Polypropylene (PP) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global Polypropylene (PP) Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: China, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: India, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: Japan, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: Australia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: Indonesia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: South Korea, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: Western Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: UK, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: Germany, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: France, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: Russia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: North America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: USA, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: South America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: Brazil, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: Middle East, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Africa, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Lyondellbasell Financial Performance
  • Table 28: Sinopec Financial Performance
  • Table 29: Sabic Financial Performance
  • Table 30: Exxon Mobil Financial Performance
  • Table 31: Braskem Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 3: Global Polypropylene (PP) Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global Polypropylene (PP) Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global Polypropylene (PP) Market, Segmentation By End User Industry, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: China, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: India, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: Japan, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: Australia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: South Korea, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: UK, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: Germany, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: France, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: Russia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: North America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: USA, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: South America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: Brazil, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: Middle East, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Africa, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Lyondellbasell Financial Performance
  • Figure 28: Sinopec Financial Performance
  • Figure 29: Sabic Financial Performance
  • Figure 30: Exxon Mobil Financial Performance
  • Figure 31: Braskem Financial Performance
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