Reports
Global Polypropylene Market: By Application: Injection Moulding, Fibre, Film, Other Extrusion, Blow Moulding, Extrusion Coating, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Polypropylene Market Outlook
The global polypropylene market demand reached a volume of almost 86.43 million metric tons in 2022. The demand is further expected to grow at a CAGR of 4.5% between 2023-2028 to reach a volume of almost 108.2 million metric tons by 2028.
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The Asia Pacific is the leading polypropylene market, accounting for nearly 62% 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.
Market Segmentation
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
- Fibre
- Film
- Other Extrusion
- Blow Moulding
- Extrusion Coating
- Others
Injection moulding is the leading application sector for polypropylene, accounting for nearly 40% of the total global application of the product.
On the basis of end use, the market is segmented into:
- Packaging
- Automotive
- Agriculture
- Others
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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Market Analysis
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.
Competitive Landscape
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 (2018-2022) and forecast (2023-2028) price trends of the product, along with analysing the trade data of the market.
- 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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 End Use | Packaging, Automotive, Agriculture, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, 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., Sinopec Corp., PetroChina Company Limited, Braskem S.A., Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, TotalEnergies SE, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Polypropylene Market Analysis
8.1 Key Industry Highlights
8.2 Global Polypropylene Historical Market (2018-2022)
8.3 Global Polypropylene Market Forecast (2023-2028)
8.4 Global Polypropylene Market by Application
8.4.1 Injection Moulding
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fibre
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Film
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Other Extrusion
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Blow Moulding
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Extrusion Coating
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Polypropylene Market by End Use
8.5.1 Packaging
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Automotive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Agriculture
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Polypropylene Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Mozambique
9.5.3.4 Malawi
9.5.3.5 Zambia
9.5.3.6 Nigeria
9.5.3.7 Turkey
9.5.3.8 Iran
9.5.3.9 South Africa
9.5.3.10 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 390210)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 LyondellBasell Industries Holdings B.V.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 China Petrochemical Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 PetroChina Company Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Braskem S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Exxon Mobil Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Formosa Plastics Corporation
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Reliance Industries Limited
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 TotalEnergies SE
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Polypropylene Market: Key Industry Highlights, 2018 and 2028
2. Global Polypropylene Historical Market: Breakup by Application (Million Metric Tons), 2018-2022
3. Global Polypropylene Market Forecast: Breakup by Application (Million Metric Tons), 2023-2028
4. Global Polypropylene Historical Market: Breakup by End Use (Million Metric Tons), 2018-2022
5. Global Polypropylene Market Forecast: Breakup by End Use (Million Metric Tons), 2023-2028
6. Global Polypropylene Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
7. Global Polypropylene Market Forecast: Breakup by Region (Million Metric Tons), 2023-2028
8. North America Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
9. North America Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
10. Europe Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
11. Europe Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
12. Asia Pacific Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
13. Asia Pacific Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
14. Latin America Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
15. Latin America Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
16. Middle East and Africa Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
17. Middle East and Africa Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Polypropylene Market Structure
Key Questions Answered in the Report
In 2022, the market attained a volume of approximately 86.43 million metric tons.
The market is projected to grow at a CAGR of 4.5% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach around 108.2 million metric tons by 2028.
The major drivers of the market are rising demand from the film and fibre sectors and increasing disposable income.
The key trends guiding the growth of the market include growth of the automobile industry, improving polypropylene production, and increasing demand from healthcare sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Injection moulding, fibre, film, other extrusion, blow moulding, and extrusion coating are the major applications in the global polypropylene market.
End uses of polypropylene include packaging, automotive, and agriculture, among others.
The major players in the market are 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.
Analyst Review
The global polypropylene market demand attained a volume of nearly 86.43 million metric tons in 2022. It is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.5%. The polypropylene market is projected to reach a volume of around 108.2 million metric tons by 2028.
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. Based on end use, the global polypropylene market can be segmented into packaging, automotive, and agriculture, among others 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 Petrochemical Corporation, PetroChina Company Limited, Braskem S.A., Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, and TotalEnergies SE, 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.
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