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Chemicals and Materials

Polypropylene Market Size and Share...

Historical and Forecast Market Trends

2018-34

www.expertmarketresearch.com

The global polypropylene market is being led by the Asia Pacific region. China is the largest consumer, along with being a major importer of the product. Turkey and Europe are also included as the major importers of the product. Saudi Arabia is the leading exporter of polypropylene and is likely to continue exporting significant volumes to nations like Turkey and Asian countries like Malaysia and China, among others.

The growth of the product is majorly being driven by the automobile industry, which is growing rapidly. Polypropylene is widely used in the industry for its lightweight property. The automobiles industry is expected to witness a healthy demand in the coming years and will, thus, support the growth of the polypropylene market.

LyondellBasell Industries Holdings N.V. (NYSE: LYB), one of the key players in the industry, is one of the largest plastics, chemicals, as well as refining companies globally. It is the largest manufacturer of polymer compounds. In June 2020, LyondellBasell and Neste announced the first parallel commercial-scale production of bio-based polypropylene and bio-based low-density polyethylene. This is expected to boost the polypropylene market further as the world increasingly moves towards adopting sustainable and eco-friendly industrial products.

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Market Analysis by Application and Region:

  • Polypropylene finds application in injection moulding, fibre, film, other extrusion, blow moulding, and extrusion coating, among others.
  • The regional markets of the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global polypropylene market is being aided by the growing demand for caps and closures from the food and beverage industry.
  • The thriving automobiles industry is also providing a push to the market growth.
  • The increasing demand from the pharmaceuticals as well as the health and hygiene sector are also propelling the market growth for polypropylene further.
  • Polypropylene is also being widely demanded in the CPG industry for packaging purposes.
  • The market is being supported by the rising advancements in technology to produce the product.
  • Rapid industrialisation and the rising disposable incomes of the consumers are also aiding the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global polypropylene market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the application sectors and major regions of polypropylene.
  • The EMR report on the polypropylene market also gives the regional price analysis of the product for the periods (2018-2023) and (2024-2032) and the global trade data of the market.

The major key players in the global polypropylene market include LyondellBasell Industries Holdings B.V., Sinopec Corp., SABIC, PetroChina Company Limited, Braskem S.A., Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, and TotalEnergies SE, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • End Use
  • Region
Breakup by Application
  • Injection Moulding
  • Fibre
  • Film
  • Blow Moulding
  • Extrusion Coating
  • Other Extrusion
  • Others
Breakup by End Use
  • Packaging
  • Automotive
  • Agriculture
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • LyondellBasell Industries Holdings B.V.
  • China Petrochemical Corporation
  • PetroChina Company Limited
  • Braskem S.A.
  • Exxon Mobil Corporation
  • Formosa Plastics Corporation
  • Reliance Industries Limited
  • TotalEnergies SE
  • Others
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