The global polypropylene market size was USD 83.85 billion in 2023, calculated at USD 88.38 billion in 2024 and is expected to reach around USD 149.54 billion by 2034, expanding at a CAGR of 5.4% from 2024 to 2034.
The global polypropylene market size accounted for USD 88.38 billion in 2024 and is expected to reach around USD 149.54 billion by 2034, expanding at a CAGR of 5.4% from 2024 to 2034.
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The Asia Pacific polypropylene market size was estimated at USD 46.96 billion in 2023 and is predicted to be worth around USD 83.74 billion by 2034, at a CAGR of 5.6% from 2024 to 2034.
The Asia Pacific emerged as the market leader and accounted for a largest revenue share in the year 2023. Furthermore, the region also predicted to grow at a prominent rate over the predicted time period. Increasing demand for polypropylene particularly from the packaging and automotive sectors, predominantly in countries such as China, India, and Japan anticipated to thrive the market growth in the region. Additionally, the region is a home of market leaders such as LG Chem, China Petrochemical Corporation, Formosa Plastics Group, and Sumitomo Chemical that accounted as the another prime factor to augment the market size during the coming years.
North America accounted for a value share of 17% in 2023 owing to its rising application for packaging in the food & beverage industry. In addition to this, rising number of R&D centers coupled with increasing demand for lightweight automobiles and their parts estimated to propel the demand for polypropylene in the region.
The increasing application of polypropylene across various end-use industries including automotive, packaging, medical, building & construction, and many others drives the demand for the product over the upcoming years. Polypropylene is a light weight material that offers broad range of superior properties such as high tensile strength, low moisture resistance, staining resistance, and resistant to various chemical solvents, acids, & bases because of which it is largely preferred in the aforementioned industries.
Shifting trend towards lighter materials in automotive sector in order to improve the fuel efficiency and curb the pollution rate act as a booming factor for the market growth of polypropylene in the industry. Similarly, it is highly preferred as a packaging solution in food & beverage industry owing to its excellent moisture resistance property that increases the life of the packaged food and prevents it from degradation.
On the other hand, lockdown imposed by different governments to control the spread of COVID-19 pandemic has significantly impacted to the consumption of polypropylene as well as its demand has declined rapid across various end-use industries. Manufacturers are facing difficulties while running production lines because of insufficient supply of raw material and restrictions on logistics along with limitations for the movement of people that further cascade negative impact towards the product demand. Besides this, increasing requirement for specialized polypropylene particularly in the healthcare sector in order to manufacture medical gowns, masks, and other safety equipment expected to propel the demand for the product in the upcoming years.
| Report Highlights | Details |
| Market Size in 2023 | USD 83.85 Billion |
| Market Size in 2024 | USD 88.38 Billion |
| Market Size by 2034 | USD 149.54 Billion |
| Growth Rate from 2024 to 2034 | CAGR of 5.4% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Product, Application, Region |
| Regions Covered | North America, Asia Pacific, Europe, Latin America, Middle East and Africa |
Homopolymer dominated the global polypropylene market and accounted highest revenue share in the year 2023. Increasing demand for homopolymer polypropylene in the manufacturing of different components that include prosthetic & orthotics devices, secondary containments, pump components, and storage tanks, for different end-use sectors, for example automotive, healthcare, and construction anticipated to prosper the growth of the segment during the analysis period.
However, the counterpart of homopolymer, copolymer polypropylene is comparatively softer, though has high strength and is more durable compared to homopolymer. Because of its toughness at low temperature along with higher stress crack resistance, the demand for copolymer expected to witness significant growth over the forecast timeframe.
Film & sheet accounted for the highest revenue share in the global market for polypropylene in 2023. The growth of the segment is mainly attributed to the rising demand for polypropylene in boxes, binders, packaging materials, and portfolios due to its high temperature stability, excellent chemical resistance, better chemical resistance, high temperatures stability, excellent moisture barrier, and exceptional contact clarity.
Prominent growth of the packaging sector, mainly in countries that include China and India, because of growing penetration of e-commerce platform to purchase products projected to impact positively on the growth of the segment over the forthcoming years.
Fiber estimated to be the second largest application segment accounting for a value share of around 30% in 2023. Rising demand from automotive industry in seat cover construction, pull straps, automotive flooring, and seam reinforcement predicted to bolster the demand for polypropylene in the forthcoming years.
The global polypropylene market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals.
Segments Covered in the Report
By Process
By Type
By Application
By End-use
By Regional
Polypropylene Market
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Polypropylene Market
5.1. COVID-19 Landscape: Polypropylene Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Polypropylene Market, By Process
8.1. Polypropylene Market Revenue and Volume Forecast, by Process, 2024-2034
8.1.1. Blow Molding
8.1.1.1. Market Revenue and Volume Forecast (2021-2034)
8.1.2. Extrusion
8.1.2.1. Market Revenue and Volume Forecast (2021-2034)
8.1.3. Injection Molding
8.1.3.1. Market Revenue and Volume Forecast (2021-2034)
8.1.4. Others
8.1.4.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 9. Global Polypropylene Market, By Type
9.1. Polypropylene Market Revenue and Volume Forecast, by Type, 2024-2034
9.1.1. Copolymer
9.1.1.1. Market Revenue and Volume Forecast (2021-2034)
9.1.2. Homopolymer
9.1.2.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 10. Global Polypropylene Market, By Application
10.1. Polypropylene Market Revenue and Volume Forecast, by Application, 2024-2034
10.1.1. Film & Sheet
10.1.1.1. Market Revenue and Volume Forecast (2021-2034)
10.1.2. Raffia
10.1.2.1. Market Revenue and Volume Forecast (2021-2034)
10.1.3. Fiber
10.1.3.1. Market Revenue and Volume Forecast (2021-2034)
10.1.4. Others
10.1.4.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 11. Global Polypropylene Market, By End-use
11.1. Polypropylene Market Revenue and Volume Forecast, by End-use, 2024-2034
11.1.1. Building & Construction
11.1.1.1. Market Revenue and Volume Forecast (2021-2034)
11.1.2. Electrical & Electronics
11.1.2.1. Market Revenue and Volume Forecast (2021-2034)
11.1.3. Automotive
11.1.3.1. Market Revenue and Volume Forecast (2021-2034)
11.1.4. Medical
11.1.4.1. Market Revenue and Volume Forecast (2021-2034)
11.1.5. Packaging
11.1.5.1. Market Revenue and Volume Forecast (2021-2034)
11.1.6. Others
11.1.6.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 12. Global Polypropylene Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.1.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.1.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.1.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.1.5.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.1.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.1.5.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.1.6.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.1.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.1.6.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.2.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.2.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.2.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.2.5.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.2.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.2.5.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.2.6.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.2.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.2.6.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.2.7.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.2.7.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.2.7.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.2.8.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.2.8.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.2.8.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.3.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.3.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.3.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.3.5.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.3.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.3.5.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.3.6.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.3.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.3.6.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.3.7.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.3.7.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.3.7.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.3.8.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.3.8.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.3.8.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.4.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.4.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.4.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.4.5.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.4.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.4.5.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.4.6.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.4.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.4.6.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.4.7.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.4.7.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.4.7.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.4.8.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.4.8.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.4.8.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.5.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.5.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.5.5.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.5.5.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.5.5.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Process (2021-2034)
12.5.6.2. Market Revenue and Volume Forecast, by Type (2021-2034)
12.5.6.3. Market Revenue and Volume Forecast, by Application (2021-2034)
12.5.6.4. Market Revenue and Volume Forecast, by End-use (2021-2034)
Chapter 13. Company Profiles
13.1. Lyondellbasell Industries Holdings B.V.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Exxon Mobil Corporation
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. SABIC
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. China Petrochemical Corporation
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Eastman Chemical Company
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. BASF SE
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. LG Chem
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Trinseo S.A.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Total S.A
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Westlake Chemical Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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