Polypropylene-Plastic Material And Resins Global Market Report 2022 – By Product Type (Homopolymer, Copolymer), By Application (Fiber, Film and Sheet, Raffia, Other Applications), By End-User Industry (Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-user Industry) – Market Size, Trends, And Global Forecast 2022-2026

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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 product types of polypropylene are homopolymer, copolymer. Homopolymer is a polymer-like polyethylene that contains identical monomer units. The applications are fiber, film and sheet, raffia, and other applications. The end-use industries are packaging, automotive, consumer products, electrical and electronics, other end-user industries.

The global polypropylene-plastic material and resins market size is expected to grow from $114.74 billion in 2021 to $126.93 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global polypropylene market size is expected to grow to $185.02 billion in 2026 at a CAGR of 9.9%.

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 American Freedonia Group data, the global thermoplastic elastomer (TPE) market surpassed $ 24 billion and market demand reached 6.7 million tons in 2019, which will grow at a rate of 5.2% every year in the future. The increase in demand for thermoplastic materials increased the demand for the polypropylene market thereby driving the polypropylene-plastic material and resins 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 forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA) in 2021, Brent crude oil prices averaged $62.26 per barrel and $60.74 per barrel in 2022. 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, a Dutch chemical company acquired PolyPacific Polymers Sdn. Bhd for an undisclosed amount. This acquisition of PolyPacific Polymers Sdn. Bhd the manufacturing site will undergo a complete transition involving a change in brand name and its employees will become LyondellBasell’s employees. PolyPacific Polymers Sdn. Bhd. is an Australian-based company that manufactures and markets reinforced and modified grades of polypropylene 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 global polypropylene plastics and resins 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 global polypropylene-plastic material and resins market is segmented -

1) By Product Type: Homopolymer, Copolymer

2) By Application: Fiber, Film and Sheet, Raffia, Others

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

    Table Of Contents

    1. Executive Summary

    2. Polypropylene Market Characteristics

    3. Polypropylene Market Trends And Strategies

    4. Impact Of COVID-19 On Polypropylene

    5. Polypropylene Market Size And Growth

    5.1. Global Polypropylene Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Polypropylene Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Polypropylene Market Segmentation

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

    Homopolymer

    Copolymer

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

    Packaging

    Automotive

    Consumer Products

    Electrical and Electronics

    Other End-Use Industry

    6.3. Global Polypropylene Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Fiber

    Film and Sheet

    Raffia

    Other Applications

    7. Polypropylene Market Regional And Country Analysis

    7.1. Global Polypropylene Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Polypropylene Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Polypropylene Market

    8.1. Asia-Pacific Polypropylene Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

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

    9. China Polypropylene Market

    9.1. China Polypropylene Market Overview

    9.2. China Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Polypropylene Market

    10.1. India Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Polypropylene Market

    11.1. Japan Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Polypropylene Market

    12.1. Australia Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Polypropylene Market

    13.1. Indonesia Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Polypropylene Market

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

    15. Western Europe Polypropylene Market

    15.1. Western Europe Polypropylene Market Overview

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

    16. UK Polypropylene Market

    16.1. UK Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Polypropylene Market

    17.1. Germany Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Polypropylene Market

    18.3. France Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Polypropylene Market

    19.1. Eastern Europe Polypropylene Market Overview

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

    20. Russia Polypropylene Market

    20.1. Russia Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Polypropylene Market

    21.1. North America Polypropylene Market Overview

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

    22. USA Polypropylene Market

    22.1. USA Polypropylene Market Overview

    22.2. USA Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Polypropylene Market

    23.1. South America Polypropylene Market Overview

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

    24. Brazil Polypropylene Market

    24.1. Brazil Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Polypropylene Market

    25.1. Middle East Polypropylene Market Overview

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

    26. Africa Polypropylene Market

    26.1. Africa Polypropylene Market Overview

    26.2. Africa Polypropylene Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Polypropylene Market Competitive Landscape And Company Profiles

    27.1. Polypropylene Market Competitive Landscape

    27.2. Polypropylene Market Company Profiles

    27.2.1. Lyondellbasell

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Sinopec

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Sabic

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Exxon Mobil

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Braskem

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Polypropylene Market

    29. Polypropylene Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

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