The Polypropylene Market size is estimated at 91.98 Million tons in 2024, and is expected to reach 121.81 Million tons by 2029, growing at a CAGR of 5.78% during the forecast period (2024-2029).
A slight decline in the demand for polypropylene has been observed due to COVID-19. A drastic slowdown was witnessed in the construction and automotive sector, where polypropylene is in high demand. With the resumption of operations in major end-user industries, it significantly recovered in 2022.
The global polypropylene market is fragmented in nature. The top five companies hold around 35% of the global market share in terms of production capacities. Some of the major players in the market include China Petroleum & Chemical Corporation (SINOPEC), LyondellBasell Industries Holdings BV, Borealis AG, Braskem, and Reliance Industries Limited.
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