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Polypropylene Market

Global Polypropylene Market Trends, Demand, Analysis: By Application: Injection Moulding, Fibre, Film, Other Extrusion, Blow Moulding, Extrusion Coating, Others; By End Use: Packaging, Automotive, Agriculture, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Polypropylene Market Outlook

The global polypropylene market demand reached a volume of 90.32 million metric tons in 2023. The demand is further expected to grow at a CAGR of 4.5% between 2024-2032 to reach a volume of almost 134.22 million metric tons by 2032.

 

Global Polypropylene Market

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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:

 

 Global Polypropylene Market By Application

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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.

 Global Polypropylene Market By Region

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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 (2018-2023) and forecast (2024-2032) 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

 

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
  • Other Extrusion
  • Blow Moulding
  • Extrusion Coating
  • 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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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    Opportunities and Challenges in the Market
8    Global Polypropylene Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Polypropylene Historical Market (2018-2023) 
    8.3    Global Polypropylene Market Forecast (2024-2032)
    8.4    Global Polypropylene Market by Application
        8.4.1    Injection Moulding
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Fibre
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Film
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Other Extrusion
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Blow Moulding
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Extrusion Coating
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Others
    8.5    Global Polypropylene Market by End Use
        8.5.1    Packaging
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Automotive
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Agriculture
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others   
    8.6    Global Polypropylene Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Polypropylene Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Polypropylene Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific  Polypropylene Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Polypropylene Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Polypropylene Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Mozambique
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    Malawi
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Zambia
        13.5.1    Historical Trend (2018-2023) 
        13.5.2    Forecast Trend (2024-2032)
    13.6    Nigeria
        13.6.1    Historical Trend (2018-2023) 
        13.6.2    Forecast Trend (2024-2032)
    13.7    Turkey
        13.7.1    Historical Trend (2018-2023) 
        13.7.2    Forecast Trend (2024-2032)
    13.8    Iran
        13.8.1    Historical Trend (2018-2023) 
        13.8.2    Forecast Trend (2024-2032)
    13.9    South Africa
        13.9.1    Historical Trend (2018-2023) 
        13.9.2    Forecast Trend (2024-2032)
    13.10    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code: 390210)

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2     By Volume 
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    LyondellBasell Industries Holdings B.V.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    China Petrochemical Corporation
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    PetroChina Company Limited
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Braskem S.A.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Exxon Mobil Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Formosa Plastics Corporation
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Reliance Industries Limited
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    TotalEnergies SE
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.3.9    Others
19    Key Trends and Developments in the Market


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 2032
2.    Global Polypropylene Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
3.    Global Polypropylene Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
4.    Global Polypropylene Historical Market: Breakup by End Use (Million Metric Tons), 2018-2023
5.    Global Polypropylene Market Forecast: Breakup by End Use (Million Metric Tons), 2024-2032
6.    Global Polypropylene Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
7.    Global Polypropylene Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
8.    North America Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9.    North America Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10.    Europe Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11.    Europe Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12.    Asia Pacific Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13.    Asia Pacific Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14.    Latin America Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15.    Latin America Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16.    Middle East and Africa Polypropylene Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
17.    Middle East and Africa Polypropylene Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
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 2023, the market attained a volume of approximately 90.32 million metric tons.

The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 134.22 million metric tons by 2032. 

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 90.32 million metric tons in 2023. It is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%. The polypropylene market is projected to reach a volume of around 134.22 million metric tons by 2032.               

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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Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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