Polypropylene Market Research Report- Forecast to 2027

Polypropylene Market Global Information: By Application (Agriculture, Automotive, Construction, Packaging, Electrical & Electronics) and Region - Forecast till 2027

ID: MRFR/CnM/0557-HCR | February 2021 | Region: Global | 138 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Polypropylene market


Polypropylene is a thermoplastic material which is used for manufacturing fibers or molded materials. It offers good mechanical and chemical resistance along with translucent features. Excellent stiffness, flexibility and lightweight properties are the important trends and factors promoting the market confidently. Owing to these factors, they are used in various applications such as agriculture, automotive, construction, packaging, electrical & electronics, and others.


As per our analysis, the global polypropylene market is bifurcated based on application. On the basis of application, the market is sub-divided into agriculture, automotive, construction, packaging, electrical & electronics, and others. Among these, automotive segment holds a major share of the market on account of the growing use of polypropylene materials to manufacture high standard and efficient vehicles. The agriculture segment is projected to witness a higher CAGR in the market due to an extensive use of plastics in increasing the food production and improving the quality of food. The growing demand from packaging segment is predicted to witness a rapid growth in the market due to its ability to remove odor and traces of food contaminants. The extensive use of plastics as a lightweight and insulating material in electrical & electronics is set to drive the global market during the assessment period.  Moreover, reduction in waste, durability and reliable nature of this product contribute to the important elements which are attributed to the extensive use of polymers in heavy end industries during the projected period, 2017-2023.


Global Polypropylene Market share by application


 Polypropylene Market


Source: MRFR analysis


Regional Analysis 


The polypropylene market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for polymers in agriculture, automotive, construction, packaging, electrical & electronics. The automotive segment is predicted to witness a rapid growth in the market, due to the growing consumption of low density materials to produce high standard and efficient vehicles in countries such as China, Japan and India are the major players in the market.


The North American region is growing significantly in the market due to the increasing demand for thermoplastic materials in construction and buildings, medical and automobile sectors. It is predicted that the high disposable income and heavy investments in major industries is set to drive the automobile segment to lead the market during the forecast period. The growing demand of polypropylene glycol and propylene glycol in pharmacy, healthcare and automotive industries has propelled the countries such as the U.S., Canada and Mexico to achieve a stunning growth in the market.


European market has observed a remarkable growth in the market due to the increasing consumption of lightweight materials in end-use industries such as glass, textile, automotive and industrial machinery. It is estimated that the growing innovation and technological advancement has propelled the countries such as the U.K., Italy, Germany and France to observe a notable growth in the market during the forecast period.


 The Latin American region is estimated to witness a recognized development in the market due to growing consumption of thermoplastic materials in chemical, construction & buildings, and energy sectors. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for polypropylene polymers in oil & gas, petrochemical, energy and aviation sectors.


Segmentation


The global polypropylene is segmented into application. On the basis of application, the market is further categorized into agriculture, automotive, construction, packaging, electrical & electronics. Among these, automotive segment holds a major share in the market owing to growing use of plastic materials to produce high performance and efficient vehicles. The investors in the agriculture industry are encouraging the manufacturers to use lightweight materials in increasing the quality and the production of food in the agriculture segment. Moreover, the packaging segment is estimated to witness a rapid growth in the market due to advantages offered by the product such as flexibility, less storage space and ability to survive in extreme conditions. The electrical & electronics segment is set to grow at a higher CAGR due to boundless consumption of plastics in mobile phones, tablets, computers, and others. Moreover, the increasing substitution of heavy metals by lightweight materials in automotive and electrical & electronics segments are projected to drive the market during the forecast period.


Key Players


Some of the prominent players operating in the global polypropylene market are The Dow Chemical Company (U.S.), LyondellBasell (U.S.), Exxon Mobil Corporation (U.S.), SABIC ( Saudi Arabia), INEOS (Switzerland.), LANXESS (Germany), Chevron Phillips Chemical Company (U.S.), Eni S.p.A. ( Italy), BASF SE ( Germany), and LG Chem ( South Korea) among others.


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Polypropylene manufacturers

  • Traders and Distributors of polypropylene

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   The Dow Chemical Company (U.S.), LyondellBasell (U.S.), Exxon Mobil Corporation (U.S.), SABIC ( Saudi Arabia), INEOS (Switzerland.), LANXESS (Germany), Chevron Phillips Chemical Company (U.S.), Eni S.p.A. ( Italy), BASF SE ( Germany), and LG Chem ( South Korea) among others.
  Key Market Opportunities   Excellent stiffness, flexibility and lightweight properties are the important trends and factor.
  Key Market Drivers   The growing demand from packaging segment is predicted to witness a rapid growth


Frequently Asked Questions (FAQ) :


Major applications of polypropylene include agricultural products, automotive fittings, construction products, packaging products, insulation for use in electrical and electronic products, and others.

The leading application of polypropylene is in agriculture, which held a 32% share in the global polypropylene market in 2016.

Major drivers for the polypropylene market include the rising use of plastic components in automotive design and the growing demand for packaging materials.

Asia Pacific is the leading regional market for polypropylene due to the growing demand from the construction, packaging, and electronics industries.

Leading players in the polypropylene market include Dow, LANXESS, SABIC, LyondellBasell, and Chevron Phillips.