Polypropylene Global Market Report 2022 – By Product Type (Homopolymer, Copolymer), By Application (Injection Molding, Fiber & Raffia, Film & Sheet, Blow Molding), By End-User Industry (Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-User Industries) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : April 2022 | SKU CODE : 7308 | Delivery Time: 2-3 business days | Format :


The polypropylene market consists of the sale of polypropylene and related services. 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 and resistant to fatigue and highly resistant to most acids and alkalis.

The main products of polypropylene are homopolymer and copolymer. 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 global polypropylene market is expected to grow from $95.46 billion in 2021 to $103.79 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The polypropylene market is expected to grow to $129.96 billion in 2026 at a CAGR of 5.8%.

Increase in demand for thermoplastic materials 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. Thus, making thermoplastic materials much useful in many applications such as clothing, packaging, food, and beverages. Additionally, they are also used in heavy-duty applications such as 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 prices have always been a major challenge in the polypropylene market. Fluctuating crude oil prices increases the operating expense affecting the bottom line 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 and 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 rules and regulations of the government over recycling and environmental protection. The polypropylene compounds possess unique qualities, making them more favorable and an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitusui 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, chemical, and refineries 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 2021. North America was the second-largest region in the polypropylene market. The regions covered in the 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 global polypropylene market is segmented -

1) By Product Type: Homopolymer, Copolymer

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

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

    Table Of Contents

    1. Executive Summary

    2. Polypropylene (PP) Market Characteristics

    3. Polypropylene (PP) Market Size And Growth

    3.1. Global Polypropylene (PP) Historic Market, 2016 - 2021, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Polypropylene (PP) Forecast Market, 2021- 2026F, 2031F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Polypropylene (PP) Market Segmentation

    4.1. Global Polypropylene (PP) Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Homopolymer

    Copolymer

    4.1. Global Polypropylene (PP) Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Injection Molding

    Fiber & Raffia

    Film & Sheet

    Blow Molding

    4.3. Global Polypropylene (PP) Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Packaging

    Automotive

    Consumer Products

    Electrical and Electronics

    Other End-Use Industries

    5. Polypropylene (PP) Market Regional And Country Analysis

    5.1. Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    5.2. Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    6. Asia-Pacific Polypropylene (PP) Market

    6.1. Asia-Pacific Polypropylene (PP) Market Overview

    6.2. Asia-Pacific Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    7. China Polypropylene (PP) Market

    7.1. China Polypropylene (PP) Market Overview

    7.2. China Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F,$ Billion

    8. India Polypropylene (PP) Market

    8.1. India Polypropylene (PP) Market Overview

    8.2. India Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    9. Japan Polypropylene (PP) Market

    9.1. Japan Polypropylene (PP) Market Overview

    9.2. Japan Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    10. Australia Polypropylene (PP) Market

    10.1. Australia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    11. Indonesia Polypropylene (PP) Market

    11.1. Indonesia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    12. South Korea Polypropylene (PP) Market

    12.1. South Korea Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    13. Western Europe Polypropylene (PP) Market

    13.1. Western Europe Polypropylene (PP) Market Overview

    13.2. Western Europe Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    14. UK Polypropylene (PP) Market

    14.1. UK Polypropylene (PP) Market Overview

    14.2. UK Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    15. Germany Polypropylene (PP) Market

    15.1. Germany Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    16. France Polypropylene (PP) Market

    16.3. France Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    17. Eastern Europe Polypropylene (PP) Market

    17.1. Eastern Europe Polypropylene (PP) Market Overview

    17.2. Eastern Europe Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    18. Russia Polypropylene (PP) Market

    18.1. Russia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    19. North America Polypropylene (PP) Market

    19.1. North America Polypropylene (PP) Market Overview

    19.2. North America Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    20. USA Polypropylene (PP) Market

    20.1. USA Polypropylene (PP) Market Overview

    20.2. USA Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    21. South America Polypropylene (PP) Market

    21.1. South America Polypropylene (PP) Market Overview

    21.2. South America Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    22. Brazil Polypropylene (PP) Market

    22.1. Brazil Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    23. Middle East Polypropylene (PP) Market

    23.1. Middle East Polypropylene (PP) Market Overview

    23.2. Middle East Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    24. Africa Polypropylene (PP) Market

    24.1. Africa Polypropylene (PP) Market Overview

    24.2. Africa Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

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

    25.1. Polypropylene (PP) Market Competitive Landscape

    25.2. Polypropylene (PP) Market Company Profiles

    25.2.1. Lyondellbasell

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Sinopec

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Sabic

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Exxon Mobil

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Braskem

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

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

    27. Polypropylene (PP) Market Trends And Strategies

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

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2016-2021, 2026F, 2031F, $ Billion
  • Table 3: Global Polypropylene (PP) Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 4: Global Polypropylene (PP) Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 5: Global Polypropylene (PP) Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 6: Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 7: Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 9: China, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 10: India, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 11: Japan, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 12: Australia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 13: Indonesia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 14: South Korea, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 15: Western Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 16: UK, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 17: Germany, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 18: France, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 20: Russia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 21: North America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 22: USA, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 23: South America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 24: Brazil, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 25: Middle East, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 26: Africa, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ 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

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