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Global Polypropylene Market Outlook to 2029

Market Research Reports | 2024 Edition | Report ID: BQ0177
Global Polypropylene Market Outlook to 2029

Report Description

Polypropylene is a lightweight material with a broad range of superior properties, such as being resistant to several chemical solvents, acids, and bases, staining resistance, high tensile strength, and low moisture resistance. According to BlueQuark Research & Consulting, the global Polypropylene market is expected to witness considerable growth during the forecasted period. Factors such as the increasing use of polypropylene in the automotive industry, growing urbanization, rising disposable income & changing lifestyles in emerging economies like Russia, Britain, China, etc. are driving the Polypropylene market in the forecasted period. Further, the rising application of polypropylene material in the packaging industry, where demand is significantly associated with the ascending usage of packed food and beverages, is predicted to drive product demand over the forecasted period. Furthermore, the growing demand for specialized polypropylene in the medical sector for manufacturing medical masks, gowns, and other safety kits is projected to support the product demand in the forecasted period. However, the lockdown forced by various governments to contain the spread of the coronavirus pandemic has led to a depreciation in the consumption of polypropylene. It has negatively impacted its demand in various applications. 

Polypropylene is used more frequently in packaging, cars, building and construction, healthcare, and electronics.

The rising demand from end-use industries such as automotive, building & construction, packaging, healthcare, and electricals & electronics is the main growth driver for the polypropylene market. Ongoing growth in injection molding is predicted to drive the global market during the forecasted period. Polypropylene is mainly utilized for injection molding and is primarily available for this application in the form of pellets. Injection molding technology is operated in the production of various consumer products and high-precision engineering components that are used in medical devices (such as valves and syringes), consumer electronics, power tools, automotive dashboards, toothbrushes, car bumpers, open containers, fittings, housing appliances, and toys, among various other products. Therefore, the high development of the automotive, chemical processing, and packaging industries worldwide is expected to provide a favorable market scenario for injection molding. Owing to the geographical benefits of distribution to the rapidly growing Asia Pacific region, the consumption of injection-molded pallets may increase drastically. Polypropylene is a low-price material with excellent mechanical characteristics and moldability. Therefore, more than half of the plastic used in the automotive sector is polypropylene. Polypropylene is used in different parts, like bumpers, instrumental panels, and door trims. Ascending application of polypropylene in fiber, raffia, film, and sheet, coupled with the growing trend of polypropylene (PP) in the automotive industry to manufacture lightweight vehicles for surged fuel efficiency, is predicted to be the major factors propelling the polypropylene market size over the forecasted period. The increase of electric cars is associated with rising government regulations over the minimization of greenhouse gas emitted by conventional vehicles, high fuel ability provided, and soundless operation. The usage of polypropylene helps lightweight the vehicle. Light weighting is essential for electric cars as it enhances the range of these vehicles. Polypropylene is one most widely used plastics in electric vehicles. Due to these factors, the improvements in the electric vehicle market are predicted to open up several opportunities for polypropylene. With advancements in technology and surged efforts by research centers, it can be inferred that, in the future, the technology roadmap will change and lead to new cost-effective methods for the mass production of polymer composites. Increasing demand for plastic in various end use industry is expected to bolster the demand for polypropylene in the forecasted period. 

North America is awaited to drive the market due to the increasing demand for polypropylene from countries like the US, Canada, and others. The United States polypropylene market is growing with the rising packaging in the food and beverage sector. Food production in the US is concentrated among multinational giants like Nestle, Tyson Foods, PepsiCo, and JBS USA. Packaging substances for food and beverage products have the potential requirement in the country. Further, the electronics business in the nation is also developing consistently. Also, with organizations preserving and putting resources into the nation's hardware industry, the market is expected to keep growing, along these lines, expanding the utilization of polypropylene in the United States. Therefore, positive growth from various industries is expected to increase polypropylene demand during the forecasted period. The increasing application of polypropylene material in the packaging industry, where the need is significantly associated with the ascending usage of packed food and beverages, is expected to drive product demand over the forecast period. Polypropylene helps minimize the possibility of food deterioration and has excellent moisture resistance, increasing its acceptability for productive food packaging solutions in the food and beverage sector. The rising application of homopolymer polypropylene in the manufacturing of various components, such as orthotic and prosthetic devices, pump components, secondary containments, and storage tanks, for various end-use industries, such as automotive, healthcare, and construction, is predicted to drive the segment over the forecast period. Homopolymer polypropylene offers a high isostatic index, resulting in a high melting point, and thus is widely used in applications with high-temperature resistance, such as steam sterilization and hot filling. They possess excellent weldability and chemical resistance and are highly suitable for various corrosion-resistant structures. Compared to a homopolymer, copolymer polypropylene is softer but has a more muscular impact strength and is more durable than homopolymer propylene. It is widely used in the medical industry. Copolymer polypropylene has higher stress crack resistance and toughness at low temperatures, expected to drive the demand for copolymer polypropylene over the forecast period.

The global polypropylene market was found to be partially fragmented. The major players in the market are China Petrochemical Corporation (Sinopec), Sumitomo Chemical Co. Ltd, Petronas Chemical Group, Mitsubishi Chemical Holdings Corporation, and Mitsui Chemicals Inc.

In June 2019, Braskem announced the construction completion of its newest polypropylene production facility in La Porte, Texas. The USD 675 million projects began commercial operations in the third quarter of 2020.

In May 2021, Mitsui Chemicals Inc. announced the production of renewable plastics from 100% bio-based hydrocarbons through a collaboration with Neste and Toyota Tsusho. The establishment of Neste-produced bio-based hydrocarbons as feedstock at the crackers will allow Mitsui Chemicals to manufacture renewable ethylene, propylene, C4 fraction, and benzene, among other chemicals, and process them into basic chemicals such as phenol, or plastic like polyethylene and polypropylene, without changing the high quality of these derivatives. Their quality is equal to conventional products.

The Global Polypropylene Market report provides deep insight into the current and future state of the Polypropylene market across various regions. The study comprehensively analyzes the Polypropylene market by segmenting based on geography, product type (Homopolymer & Copolymer), by application (Consumer Goods, Packaging, Automotive, Electrical & Electronics, and Others). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth, in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the global polypropylene market
  • Equip yourself with rigorous analysis and forward-looking insight into the polypropylene market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop a strategy
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for polypropylene evolve over the next five years across various regions
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Tables and charts

Global Polypropylene Market, in USD Million, 2017-2027

Global Polypropylene Market, Opportunities, 2017-2027

Global Polypropylene Market, Feedstock Analysis, 2018

Global Polypropylene Market, Trade Dynamics, 2018

Homopolymer - Global Polypropylene Market, in USD Million, 2017-2027

Copolymer - Global Polypropylene Market, in USD Million, 2017-2027

North America - Polypropylene Market, in USD Million, 2017-2027

Packaging - Polypropylene Market, in USD Million, 2017-2027

Consumer Goods - Polypropylene Market, in USD Million, 2017-2027

Automotive - Polypropylene Market, in USD Million, 2017-2027

Electrical & Electronics - Polypropylene Market, in USD Million, 2017-2027

Europe - Polypropylene Market, in USD Million, 2017-2027

Asia-Pacific - Polypropylene Market, in USD Million, 2017-2027

South America - Polypropylene Market, in USD Million, 2017-2027

Middle East & Africa - Polypropylene Market, in USD Million, 2017-202

Polypropylene - Market Share of Key Companies in 2018

Other Supporting Charts

Electronic Industry Growth Data, 2013-2019

Automotive Industry Growth Data, 2013-2019

  Who need this report?

  • Chemicals Manufacturing Companies
  • Suppliers, distributors of Polypropylene
  • Raw material providers
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Others

  What's included

Report - Global Polypropylene Market Outlook to 2027.pdf
Market Data - Global Polypropylene Market Outlook to 2027.xls

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