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The global polypropylene market demand reached a volume of almost 75.1 million metric tons in 2020. The demand is further expected to grow at a CAGR of 4.4% between 2021-2026 to reach a volume of almost 97.2 million metric tons by 2026.
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The Asia Pacific is the leading polypropylene market, accounting for nearly 58% of the total consumption of polypropylene. China is the largest consumer of the product within the region. The product is witnessing a rising demand from the injection moulding segment and end-user segments like the automotive sector, especially in China and other emerging economies in the Asia Pacific. Films, another major application sector for the product, is also witnessing a growing demand from the region’s food and beverage and non-woven industries.
The major importers of polypropylene are China and Turkey, followed by other European regions. Saudi Arabia continues to be the most leading exporter of the product. Polypropylene exports from Saudi Arabia are expected to further rise, due to its strong demand from Turkey, Malaysia, China, and other Asian countries.
Polypropylene, also known as polypropene, is a thermoplastic polymer and has an array of uses and applications. It is non-polar and partially crystalline. The market is segmented on the basis of applications into:
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Injection moulding is the leading application sector for polypropylene, accounting for nearly 40% of the total global application of the product.
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The increasing demand from the injection moulding, along with films and fibres sectors, is driving the global polypropylene market. The rising demand for the injection moulding grade of polypropylene and a robust automotive segment in mature markets such as the United States and European countries, like Germany, France, the United Kingdom, Italy, and Spain, are driving the industry growth. The rising demand from the CPG segment, an increase in disposable income, and the growth in the automobile industry are expected to drive the market growth in the emerging regions like Brazil and Asia. Improvements in the production of propylene, along with advancement in technology, in China will result in capacity additions, which would reduce its dependency on the Middle East and other Asian countries and lower the prices of propylene. Thus, intensifying the global competition and strengthening the polypropylene market.
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. The demand will also be driven by the recovery of the automotive industry and the robust growth in the packaging sector. Rapid industrialization, along with improving living standard in the key regions, i.e., Asia, especially China, is expected to drive the polypropylene market. Increasing demand from the health and hygiene and CPG industry is providing further impetus to the polypropylene market growth.
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 leading the consumption from the auto sector, where it is used for reducing vehicle cost and weight. In Africa, the polypropylene market is expected to be driven by the food and beverage, followed by the health and hygiene industry. Continuous advancement will aid in the exposure toward low weight vehicles and the increase in the use in the automobile segment. For plastic packaging, the major demand destinations are Turkey, Egypt, and southern African nations, which will augment the polypropylene market for the forecast period. The Russian market has significantly improved in 2017, making it the key driving polypropylene market in the European region.
The report gives a detailed analysis of the following key players in the global polypropylene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also provides a detailed analysis of the prevailing (2016-2020) and forecast (2021-2026) price trends of the product, along with analysing the trade data of the market.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region|
|Breakup by Application||Injection Moulding, Fibre, Film, Other Extrusion, Blow Moulding, Extrusion Coating, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||LyondellBasell Industries Holdings B.V., China Petroleum & Chemical Corporation (Sinopec Corp.), PetroChina Company Limited, Braskem, SABIC, TOTAL Polymers, Reliance Industries Limited, Exxon Mobil Corporation, Formosa Plastics Corporation, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Polypropylene Market Analysis
6.1 Figure: Global Polypropylene Historical Market (2016-2020) and Forecast (2021-2026)
6.2 Chart: Global Polypropylene Market Breakup by Application
6.2.1 Injection Moulding
6.2.4 Other Extrusion
6.2.5 Blow Moulding
6.2.6 Extrusion Coating
6.3 Figure: Global Polypropylene Market Breakup by Application: Historical Market (2016-2020) and Forecast (2021-2026)
6.3.1 Injection Moulding
6.3.4 Other Extrusion
6.3.5 Blow Moulding
6.3.6 Extrusion Coating
6.4 Chart: Global Polypropylene Market Breakup by Region
6.4.1 North America
188.8.131.52 United State of America
184.108.40.206 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.5 Figure: Global Polypropylene Market Breakup by Region: Historical Market (2016-2020) and Forecast (2021-2026)
6.5.1 North America
126.96.36.199 United State of America
188.8.131.52 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 Global Polypropylene Price Analysis
7.1 North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.2 Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.3 Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.4 Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
7.5 Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
8 Global Trade Analysis (HS Code: 390210)
8.1 Major Importing Countries: By Value and Volume
8.2 Major Exporting Countries: By Value and Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Sourcing Strategy
14.2 Contract Model
14.3 Engagement Model
14.4 Cost Analysis
14.5 Raw Material
14.6 Utility Cost
14.7 Labour Cost
14.8 Fixed Cost
15 Competitive Landscape & Supplier Analysis
15.1 LyondellBasell Industries Holdings B.V.
15.1.1 Company Overview
15.1.2 Financial Analysis
15.2 China Petroleum & Chemical Corporation (Sinopec Corp.)
15.2.1 Company Overview
15.2.2 Financial Analysis
15.3 PetroChina Company Limited
15.3.1 Company Overview
15.3.2 Financial Analysis
15.4.1 Company Overview
15.4.2 Financial Analysis
15.5.1 Company Overview
15.5.2 Financial Analysis
15.6 TOTAL Polymers
15.6.1 Company Overview
15.6.2 Financial Analysis
15.7 Reliance Industries Limited
15.7.1 Company Overview
15.7.2 Financial Analysis
15.8 Exxon Mobil Corporation
15.8.1 Company Overview
15.8.2 Financial Analysis
15.9 Formosa Plastics Corporation
15.9.1 Company Overview
15.9.2 Financial Analysis
16 Industry Events and Developments
Additional Customisations Available:
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Production Cost Analysis and Project Economics
18.1 Land, Location and Site Development
18.3 Plant Machinery
18.4 Cost of Raw Material
18.9 Other Capital Investment
The global polypropylene market demand attained a volume of nearly 75.1 million metric tons in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.4%. The polypropylene market is projected to reach a volume of around 97.2 million metric tons by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on application, the global polypropylene market can be segmented into injection moulding, fibre, film, other extrusion, blow moulding, and extrusion coating, among others, with injection moulding being the leading application sector, accounting for 40% of the total application of the product. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions for the polypropylene market, with Asia Pacific leading the overall global polypropylene market. The key players in the above industry are LyondellBasell Industries Holdings B.V., China Petroleum & Chemical Corporation (Sinopec Corp.), PetroChina Company Limited, Braskem, SABIC, TOTAL Polymers, Reliance Industries Limited, Exxon Mobil Corporation, and Formosa Plastics Corporation, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing demand from the food and beverage industry, rising automotive industry, and growing technological improvements are driving the growth of the industry globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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