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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Polypropylene Market Outlook

The global polypropylene market size was approximately 90.32 MMT in 2023. The market is estimated to grow at a CAGR of 4.5% during 2024-2032 to reach a volume of 134.22 MMT by 2032.

Key Takeaways

  • The global production capacity of polypropylene in 2022 stood at 97.86 million tons.
  • In the United States, access to polypropylene recycling collection has reached up to 65%, leading to an estimated additional recovery of 25 million pounds on an annual basis.
  • The major importers of polypropylene are China and Turkey, followed by other European regions.

Global Polypropylene Market

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Polypropylene is a versatile material, which finds application in major industries including electrical and electronics, and packaging industries. This can be attributed to the improved durability and strength of the material.

The increasing demand from injection moulding and films and fibre sectors is driving the global polypropylene market. The rising demand for the injection moulding grade of polypropylene and the robust automotive industry in mature markets such as the United States and European countries, like Germany, France, the United Kingdom, Italy, and Spain, are supporting the market growth.

Table: Production of Personal Cars and Commercial Vehicles in Selected Major Economies, 2022

Country Cars Commercial Cars Total
China 23,836,083 3,184,532 27,020,615
USA 1,751,736 8,308,603 10,060,339
Japan 6,566,356 1,269,163 7,835,519
India 4,439,039 1,017,818 5,456,857
South Korea 3,438,355 318,694 3,757,049
Germany 3,480,357 197,463 3,677,820
Mexico 658,001 2,851,071 3,509,072

Key Trends and Developments

Increasing use in the automotive sector; expansion of the packaging sector; growing medical applications of polypropylene; and increasing recycling activities are impacting the polypropylene market growth

Date Company Event
Jan 2024 LyondellBasell The company agreed to acquire 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain Corporation (Alujain) for an amount of USD 500 million.
Dec 2023 Nayara Energy The company announced it will start the operations of polypropylene plant in H1 2024, marking the company’s entry into the sector.
Oct 2023 LyondellBasell LyondellBasell announced the launch of cutting-edge translucent polypropylene compounds featuring visual effects, UV resistance, and durability.
Nov 2022 Lummus Technology The company announced the launch of the Novolen PPure™ polypropylene (PP) portfolio, a new grade range of polymers fit for producing automotive, healthcare components, and food packaging materials.
Trends Impact
Growing demand for natural polypropylene in the automotive sector With increasing concerns about the economy and environment, lightweight materials in the automotive industry have become a priority. This is because fuel usage can be reduced by around 5-7% by reducing the vehicle weight by 10%. Therefore, there is an increasing demand for more lightweight and environmentally friendly cars, made up of polypropylene.
Rising medical applications The ability of polypropylene to handle stringent sterilisation procedures makes them suitable for use in medical applications. Polypropylene is used in the manufacturing of medical devices and also for the packaging of drugs. Thus, the increasing demand for disposable syringes, pharmacy prescription bottles, membranes for membrane oxygenators, and reusable plastic containers, positively influence the demand for polypropylene.
Investments and partnerships for recycling polypropylene The recyclable nature of polypropylene is providing opportunities to the market. The market is also witnessing investments and partnerships for the recycling of polypropylene.
Rising demand for packaging materials The flexibility and low-cost nature of polypropylene made it replace conventional materials like paper and cellophane in various packaging forms. The increasing demand for jars, yoghurt containers, hot beverage cups, and food packing is likely to create growth opportunities for the market players.

Global Polypropylene Market Trends

As polypropylene has excellent mechanical properties, high heat resistance, malleability, and high impact resistance, its demand in the manufacturing of automobiles is growing and providing impetus to the growth of the market. The environmental norms also favour the rise in the use of polypropylene in auto parts and under-the-hood applications. The growing demand for injection moulding is boosting polypropylene consumption in the auto sector, where it is used for reducing vehicle cost and weight. Continuous advancements will aid in the exposure towards low-weight vehicles, boosting polypropylene use in the automobile segment.

The growth in the application of polypropylene in caps and closure is providing further impetus to the market growth in North America and Europe. The demand for caps and closures is predicted to be dominated by the huge demand from the pharmaceutical sector and beverage industry.

 Global Polypropylene Market By Application

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Market Segmentation

“Global Polypropylene Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup Categories
Application Injection Moulding, Fibre, Film, Blow Moulding, Extrusion Coating, Other Extrusion, Others
End-Use Packaging, Automotive, Agriculture, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Based on application, injection moulding accounts for most of the polypropylene market share

The injection moulding applications of polypropylene find extensive use in the healthcare, packaging, and household product manufacturing sectors. The increasing demand for polypropylene as a cost-effective medical-grade plastic material has been contributing to the injection moulding applications.

Polypropylene fibres are added to concrete to improve resistance, enhance tensile strength, and augment durability. In the infrastructure segment, polypropylene fibres find applications in special mortars, precast concrete, roads, tunnels, high-performance concrete, and industrial pavements, among others. The expansion of the infrastructure sector hence contributes to the demand for fibre.

The growing demand for consumer-friendly, long shelf life, and green packaging, among other features, is expected to increase the extrusion coating application of polypropylene.

By end use, the packaging sector accounts for a significant share of the global polypropylene market

Owing to their durability and easy-to-handle properties, PP woven bags are used for the transportation of products to avoid wastage.

Propylene-based agricultural packaging prevents food spoilage and wastage. In addition to packing food products, PP woven bags are prevalent in the packaging of fertilisers and pesticides as well. Further, the moisture control properties of polypropylene prevent mould build-up in packaged foods, thereby saving agricultural costs.

 Global Polypropylene Market By Region

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Competitive Landscape

The market players are focusing on capacity expansion, strategic collaborations, and geographical expansion to take hold of the evolving market opportunities

Company Founded Headquarters Services
LyondellBasell Industries Holdings B.V. 2007 Rotterdam Netherlands Provides polypropylene, polymers, chemicals, etc.
China Petrochemical Corporation 1998 Beijing, China Specialises in providing catalysts, lubricants, petroleum coke, among others.
PetroChina Company Limited 1999 Beijing, China Offers a wide portfolio of chemical and refined products.
Braskem S.A. 2002 Bahia, Brazil Specialises in polypropylene, aromatics, fuels, olefins, and aromatic compounds among others.

Other notable players operating in the global polypropylene market include Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, and TotalEnergies SE, among others.

Global Polypropylene Market Analysis by Region

Canada is expected to witness a surge in flexible packaging solutions in the food and beverage sector due to increasing consumer demand for packaged products.

The increasing development of various initiatives to boost the circular economy of polypropylene is driving the market growth in countries such as the United Kingdom. In March 2021, Nextek Ltd launched NEXTLOOPP, a global multi-participant project to address post-consumer polypropylene packaging. Under the project, various leading companies in the United Kingdom would produce a high-quality food-grade recycled polypropylene (FGrPP), promoting  circular economy.

Key Highlights of the 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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a volume of 90.32 MMT in 2023.

The market is estimated to grow at a CAGR of 4.5% during 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 134.22 MMT by 2032.

The key drivers include the expanding packaging sector, increasing application of polypropylene in the automotive and healthcare sectors, and the increasing recycling of polypropylene due to rise in sustainability concerns.

The key regional markets for polypropylene are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The key applications include injection moulding, fibre, film, blow moulding, extrusion coating, and other extrusion, among others.

The end uses of the market are packaging, automotive, and agriculture, among others.

The key players in the market include LyondellBasell Industries Holdings B.V., China Petrochemical Corporation, PetroChina Company Limited, Braskem S.A., Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, and TotalEnergies SE, among others.

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