Polypropylene (PP) Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224281

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224281

Polypropylene (PP) Market

Growth Factors of Polypropylene Market

The polypropylene market size was valued at USD 83.85 billion in 2023, and the market is now projected to grow from USD 88.24 billion in 2024 to USD 134.12 billion in 2032, exhibiting a CAGR of 5.4% during the forecast period of 2024-2032.

The COVID-19 pandemic subdued the polypropylene market growth in the automotive and construction industries through production and imprisonment. They also noted that the price of crude oil as a global commodity had reduced. However, the overall intake of polypropylene increased in the healthcare and food packaging divisions because of an increase in single-use medicare items and packed food.

The polypropylene market share is increasing in its usage through the market due to food and beverage packaging. These properties aid in maintaining the needed moisture content, which enhances food preservation and quality. In addition, polypropylene is also used in automobile applications because it can be processed and is also rigid. The material's versatility also surfaces in toys, fashion and agricultural tools, expanding market possibilities. In conclusion, the vast chances of polypropylene probably raise demand across numerous sectors of the economy.

Polypropylene is widely used in construction for its rigidity and resistance to cracking and is applied in moisture barriers, insulation and piping. It offers excellent electric shock resistance and gloss in electronics and is used in cable insulation and battery casings. With rising consumer spending and urbanization, demand for construction and electronic products is expected to grow significantly. Polypropylene is also a cost-effective alternative plastic which will further drive its adoption in these industries. Overall, both sectors present substantial growth opportunities for polypropylene.

Comprehensive Analysis of Polypropylene Market

Due to their market segmentation, the polypropylene market and the chemicals & advanced materials industry are rising exponentially. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the plastics polymers & resins industry. These segmentations are methodically segregated by types and by end users. The types include, Homopolymer and Copolymer. The end users include, Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture and Others.

The polypropylene market of Asia Pacific was USD 46.46 billion in 2023 and it tends to increase in the forecast years. This growth is preceded by market demand, particularly from the packaging and automotive industries. The growth has been trailed by key countries such as China, Japan and India due to the rising consumption of polypropylene across sectors such as food and beverage and the automotive industry. Large market players are thus intensifying their regional operations to benefit from the automotive and construction industries. Therefore, the general potential for the polypropylene market development in this area is high.

The industry players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, LyondellBasell Industries N.V. (Netherlands), ExxonMobil Chemical (U.S.), China National Petroleum Corporation (China), INEOS (UK), China Petroleum & Chemical Corporation (China), SABIC (Saudi Arabia), Ducor Petrochemicals (Netherlands), Reliance Industries Limited (India), Formosa Plastic Group (Taiwan), Total S.A. (France), Braskem (Brazil), BASF SE (Germany), Repsol (Spain), Borouge (UAE), Borealis AG (Austria), MOL Group (Hungary) and Beaulieu International Group (Belgium). These market players provide a level-playing competitive landscape.

In November 2023, Borealis AG recently announced that it entered into an acquisition deal for Rialti to increase the capacity and types of polypropylene compounds by 50,000 KTPA, which uses mechanical recycled material.

Segmentation Table

Global Polypropylene Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 5.4% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion) and Volume (Million ton)

Segmentation By Type, End-user, and Region

By Type

Homopolymer

Copolymer

By End-user

Packaging

Automotive
Infrastructure & Construction
Consumer Goods/Lifestyle
Healthcare & Pharmaceuticals
Electrical & Electronics
Agriculture
Others

By Region

North America (By Type, By End-User, By Country)

U.S.
Canada
Europe (By Type, By End-User, By Country)
Germany
France
U.K.
Italy
Spain
Poland
Belgium
Netherlands
Norway
Sweden
Rest of Europe
Asia Pacific (By Type, By End-User, By Country)
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America (By Type, By End-User, By Country)
Brazil
Argentina
Rest of Latin America
Middle East and Africa (By Type, By End-User, By Country)
Saudi Arabia
UAE
Egypt
Rest of the Middle East & Africa

Please Note: It will take 5-6 business days to complete the report upon order confirmation.

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Emerging Trends
4. Key Insights: 4.1. Key Market Trends in the Global Market; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc. .; 4.3. Latest Technological Advancement; 4.4. Insights on Regulatory Scenario; 4.5. Porters Five Forces Analysis; 4.6. Price Trend Analysis; 4.7. Impact of COVID 19 on Global Polypropylene Market
5. Global Polypropylene Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Type (Value and Volume); 5.2.1. Homopolymer; 5.2.2. Copolymer; 5.3. By End-User (Value and Volume); 5.3.1. Packaging; 5.3.2. Automotive & Transportation; 5.3.3. Infrastructure & Construction; 5.3.4. Consumer Goods/ Lifestyle; 5.3.5. Healthcare & Pharmaceuticals; 5.3.6. Electrical & Electronics; 5.3.7. Agriculture; 5.3.8. Textile; 5.3.9. Others; 5.4. By Region (Value and Volume); 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Latin America; 5.4.5. Middle East & Africa
6. North America Polypropylene Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Type (Value and Volume); 6.2.1. Homopolymer; 6.2.2. Copolymer; 6.3. By End-User (Value and Volume); 6.3.1. Packaging; 6.3.2. Automotive & Transportation; 6.3.3. Infrastructure & Construction; 6.3.4. Consumer Goods/ Lifestyle; 6.3.5. Healthcare & Pharmaceuticals; 6.3.6. Electrical & Electronics; 6.3.7. Agriculture; 6.3.8. Textile; 6.3.9. Others; 6.4. By Country (Value and Volume); 6.4.1. U.S; 6.4.2. Canada
7. Europe Polypropylene Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Type (Value and Volume); 7.2.1. Homopolymer; 7.2.2. Copolymer; 7.3. By End-User (Value and Volume); 7.3.1. Packaging; 7.3.2. Automotive & Transportation; 7.3.3. Infrastructure & Construction; 7.3.4. Consumer Goods/ Lifestyle; 7.3.5. Healthcare & Pharmaceuticals; 7.3.6. Electrical & Electronics; 7.3.7. Agriculture; 7.3.8. Textile; 7.3.9. Others; 7.4. By Country (Value and Volume); 7.4.1. Germany; 7.4.2. France; 7.4.3. U.K.; 7.4.4. Italy; 7.4.5. Spain; 7.4.6. Poland; 7.4.7. Belgium; 7.4.8. Netherlands; 7.4.9. Norway; 7.4.10. Sweden; 7.4.11. Rest of Europe
8. Asia-Pacific Polypropylene Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Type (Value and Volume); 8.2.1. Homopolymer; 8.2.2. Copolymer; 8.3. By End-User (Value and Volume); 8.3.1. Packaging; 8.3.2. Automotive & Transportation; 8.3.3. Infrastructure & Construction; 8.3.4. Consumer Goods/ Lifestyle; 8.3.5. Healthcare & Pharmaceuticals; 8.3.6. Electrical & Electronics; 8.3.7. Agriculture; 8.3.8. Textile; 8.3.9. Others; 8.4. By Country (Value and Volume); 8.4.1. China; 8.4.2. India; 8.4.3. Japan; 8.4.4. South Korea; 8.4.5. Southeast Asia; 8.4.6. Rest of Asia-Pacific
9. Latin America Polypropylene Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Type (Value and Volume); 9.2.1. Homopolymer; 9.2.2. Copolymer; 9.3. By End-User (Value and Volume); 9.3.1. Packaging; 9.3.2. Automotive & Transportation; 9.3.3. Infrastructure & Construction; 9.3.4. Consumer Goods/ Lifestyle; 9.3.5. Healthcare & Pharmaceuticals; 9.3.6. Electrical & Electronics; 9.3.7. Agriculture; 9.3.8. Textile; 9.3.9. Others; 9.4. By Country (Value and Volume); 9.4.1. Brazil; 9.4.2. Argentina; 9.4.3. Rest of Latin America
10. Middle East & Africa Polypropylene Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Type (Value and Volume); 10.2.1. Homopolymer; 10.2.2. Copolymer; 10.3. By End-User (Value and Volume); 10.3.1. Packaging; 10.3.2. Automotive & Transportation; 10.3.3. Infrastructure & Construction; 10.3.4. Consumer Goods/ Lifestyle; 10.3.5. Healthcare & Pharmaceuticals; 10.3.6. Electrical & Electronics; 10.3.7. Agriculture; 10.3.8. Textile; 10.3.9. Others; 10.4. By Country (Value and Volume); 10.4.1. Saudi Arabia; 10.4.2. UAE; 10.4.3. Egypt; 10.4.4. Rest of the Middle East & Africa
11. Competitive Landscape: 11.1. Market Ranking Analysis, By Key Manufacturer; 11.2. Company Profiles; 11.2.1. LyondellBasell Industries N.V.; 11.2.1.1. Overview; 11.2.1.2. Description; 11.2.1.3. Product Portfolio; 11.2.1.4. Financials (Data as available in public domain and/or on paid databases); 11.2.1.5. Recent DevelopHouseholdts; 11.2.2. ExxonMobil Chemical; 11.2.2.1. Overview; 11.2.2.2. Description; 11.2.2.3. Product Portfolio; 11.2.2.4. Financials (Data as available in public domain and/or on paid databases); 11.2.2.5. Recent DevelopHouseholdts; 11.2.3. China National Petroleum Corporation; 11.2.3.1. Overview; 11.2.3.2. Description; 11.2.3.3. Product Portfolio; 11.2.3.4. Financials (Data as available in public domain and/or on paid databases); 11.2.3.5. Recent DevelopHouseholdts; 11.2.4. INEOS; 11.2.4.1. Overview; 11.2.4.2. Description; 11.2.4.3. Product Portfolio; 11.2.4.4. Financials (Data as available in public domain and/or on paid databases); 11.2.4.5. Recent DevelopHouseholdts; 11.2.5. China Petroleum & Chemical Corporation; 11.2.5.1. Overview; 11.2.5.2. Description; 11.2.5.3. Product Portfolio; 11.2.5.4. Financials (Data as available in public domain and/or on paid databases); 11.2.5.5. Recent DevelopHouseholdts; 11.2.6. SABIC; 11.2.6.1. Overview; 11.2.6.2. Description; 11.2.6.3. Product Portfolio; 11.2.6.4. Financials (Data as available in public domain and/or on paid databases); 11.2.6.5. Recent DevelopHouseholdts; 11.2.7. Ducor Petrochemicals; 11.2.7.1. Overview; 11.2.7.2. Description; 11.2.7.3. Product Portfolio; 11.2.7.4. Financials (Data as available in public domain and/or on paid databases); 11.2.7.5. Recent DevelopHouseholdts; 11.2.8. Reliance Industries Limited; 11.2.8.1. Overview; 11.2.8.2. Description; 11.2.8.3. Product Portfolio; 11.2.8.4. Financials (Data as available in public domain and/or on paid databases); 11.2.8.5. Recent DevelopHouseholdts; 11.2.9. Formosa Plastic Group; 11.2.9.1. Overview; 11.2.9.2. Description; 11.2.9.3. Product Portfolio; 11.2.9.4. Financials (Data as available in public domain and/or on paid databases); 11.2.9.5. Recent DevelopHouseholdts; 11.2.10. Total S.A.; 11.2.10.1. Overview; 11.2.10.2. Description; 11.2.10.3. Product Portfolio; 11.2.10.4. Financials (Data as available in public domain and/or on paid databases); 11.2.10.5. Recent DevelopHouseholdts; 11.2.11. Braskem; 11.2.11.1. Overview; 11.2.11.2. Description; 11.2.11.3. Product Portfolio; 11.2.11.4. Financials (Data as available in public domain and/or on paid databases); 11.2.11.5. Recent DevelopHouseholdts; 11.2.12. BASF SE; 11.2.12.1. Overview; 11.2.12.2. Description; 11.2.12.3. Product Portfolio; 11.2.12.4. Financials (Data as available in public domain and/or on paid databases); 11.2.12.5. Recent DevelopHouseholdts; 11.2.13. Repsol; 11.2.13.1. Overview; 11.2.13.2. Description; 11.2.13.3. Product Portfolio; 11.2.13.4. Financials (Data as available in public domain and/or on paid databases); 11.2.13.5. Recent DevelopHouseholdts; 11.2.14. Borouge; 11.2.14.1. Overview; 11.2.14.2. Description; 11.2.14.3. Product Portfolio; 11.2.14.4. Financials (Data as available in public domain and/or on paid databases); 11.2.14.5. Recent DevelopHouseholdts; 11.2.15. Borealis AG; 11.2.15.1. Overview; 11.2.15.2. Description; 11.2.15.3. Product Portfolio; 11.2.15.4. Financials (Data as available in public domain and/or on paid databases); 11.2.15.5. Recent DevelopHouseholdts; 11.2.16. MOL Group; 11.2.16.1. Overview; 11.2.16.2. Description; 11.2.16.3. Product Portfolio; 11.2.16.4. Financials (Data as available in public domain and/or on paid databases); 11.2.16.5. Recent DevelopHouseholdts; 11.2.17. Beaulieu International Group; 11.2.17.1. Overview; 11.2.17.2. Description; 11.2.17.3. Product Portfolio; 11.2.17.4. Financials (Data as available in public domain and/or on paid databases); 11.2.17.5. Recent DevelopHouseholdts
12. Strategic Recommendations: 13.