Polypropylene (PP) Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Sep 2021

[Online Quarterly Update] Polypropylene Market has shown significant growth as its demand reached 68.25 million tonnes in 2020 and the market is anticipated to grow at a CAGR of 5.90% in the next ten years until 2030. Polypropylene (PP), also known as Polypropene, is a thermoplastic ‘addition’ polymer, produced from the polymerization of propylene monomers. Polypropylene belongs to the group of Polyolefins and is rigid, tough, crystalline and non-polar in nature. After Polyethylene, Polypropylene is the second-most produced plastic. Polypropylene can be easily copolymerized with other polymers like polyethylene, which changes the material properties significantly, allowing for more robust applications and making it an ideal material for various end-use industries. Polypropylene possesses versatile properties such as high chemical resistance, fatigue resistance, high insulation, high elasticity and toughness, and high transmissivity. 
 
The two major types of Polypropylene available in the market include Homopolymers (PPH) and Copolymers (PPC), which are widely utilized in packaging, healthcare, textiles, pipes, automotive, electrical, and other applications. Polypropylene is an important chemical commodity used in numerous industrial and household applications like packaging of consumer products and manufacturing of plastic parts for end-user industries. It is extensively used in the manufacturing of plastic moldings, ropes, carpets, rugs, ropes, roofing membranes, electrical insulators, etc. one of the most common application for PP is as biaxially oriented polypropylene (BOPP), which are used to make a wide variety of materials including clear bags. 
 
On the basis of end-use industry, the Polypropylene market is segmented into packaging, automotive, building & construction, medical, electrical & electronics, and others. Growing demand of PP from these major end-use industries is driving the market growth of polypropylene around the world. The packaging industry dominates the Polypropylene market as it is the most widely used plastic for packaging and largely used in food packaging applications. Increasing demand of Polypropylene by the automotive industry is expected to boost the Polypropylene market in the forecast period. As polypropylene is a low-cost material with excellent mechanical properties, more than half of the plastic is used in the automotive sector for bumpers, instrumental panels, door trims, etc. Exponentially rising demand for electric and hybrid electric vehicles (EV/HEV) is further propelling the demand of Polypropylene and is likely to augment the market growth in the future. Surging demand of Polypropylene from building & construction and electricals & electronics industries for insulation purposes is expected to accelerate the Polypropylene market over the next few years. 
 
Due to the outbreak of COVID-19, in 2020, the pandemic triggered an unprecedented decline in the Polypropylene market due to the novel coronavirus, which led to countrywide lockdowns and government restrictions across several nations to curb the spread of deadly virus. During the first half of 2020, several end-use industries, including automotive, construction, electrical & electronic, and others witnessed a severe decline in terms of demand and production. However, the demand for specialized polypropylene surged in the healthcare sector due to high demand of medical masks, gowns, and other safety kits during the covid times. 
 
Among different regions, the Asia Pacific region dominated the Polypropylene market in 2020 and is anticipated to maintain its dominance in the forecast period until 2030. Growing demand for Polypropylene from the packaging and automotive industry, especially in emerging countries such as China, India, and Japan, is anticipated to drive the market in the Asia Pacific region. Rising demand of Polypropylene by the food and beverage industry in countries like U.S., Canada, and Mexico, will boost the Polypropylene market in North America. 
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
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Objective of the Study: 
 
• To assess the demand-supply scenario of Polypropylene which covers production, demand and supply of Polypropylene market globally.
• To analyse and forecast the market size of Polypropylene.
• To classify and forecast global Polypropylene market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for global Polypropylene market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Polypropylene market.
• To identify and analyse the profile of leading players involved in the manufacturing of Polypropylene.
 
 
Major players for Polypropylene include Formosa Plastics Group, China Petrochemical Corporation, LG Chem, Sumitomo Chemical, LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, DuPont, INEOS, Eastman Chemical Company, Westlake Chemical Corporation, BASF SE, Reliance Industries Limited, Braskem, Haldia Petrochemicals Limited, Lotte Chemical UK LTD., Trinseo, HPCL- Mittal Energy Limited, and Others. 
 
To extract data for Polypropylene market, primary research surveys were conducted with Polypropylene manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Polypropylene market over the coming years. 
 
ChemAnalyst calculated Polypropylene demand globally by analyzing the historical data and demand forecast which was carried out considering imported Polypropylene, styrene prices, monomers used for production of Polypropylene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Polypropylene manufacturers and other stakeholders
• Organizations, forums and alliances related to Polypropylene distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polypropylene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, Polypropylene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
68.25 Million Tons
Growth Rate
CAGR of 5.90% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2021 – 2030
Quantitative units
Revenue in USD million/billion and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. End use (Packaging, Automotive, Building & Construction, Medical, Electrical & Electronics, and Others)
2. Type (Homopolymers and Copolymers)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Formosa Plastics Group, China Petrochemical Corporation, LG Chem, Sumitomo Chemical, LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, DuPont, INEOS, Eastman Chemical Company, Westlake Chemical Corporation, BASF SE, Reliance Industries Limited, Braskem, Haldia Petrochemicals Limited, Lotte Chemical UK LTD., Trinseo, HPCL- Mittal Energy Limited, and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Frequently Asked Questions (FAQ):

What are the major applications of Polypropylene? 

Polypropylene find its applications in various end-user industries packaging, automotive, building & construction, medical, electrical & electronics, and others.

Which region demands the maximum share in the global Polypropylene market as of 2020?

The Asia Pacific region holds the maximum share the global Polypropylene market as of 2020. 

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