The global polypropylene market is experiencing significant growth due to the widespread applications of polypropylene in various industries. Polypropylene, a thermoplastic polymer, is known for its lightweight, durability, chemical resistance, and cost-effectiveness. It is extensively used in the packaging, automotive, construction, electrical, and consumer goods sectors. The increasing demand for flexible packaging, rising automotive production, and growth in construction activities are driving the market's expansion. Additionally, technological advancements and product innovations further contribute to the growth of the global polypropylene market.
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Data Bridge Market Research analyses that the Polypropylene Market was valued at USD 120.50 billion in 2021 and is expected to reach USD 167.47 billion by 2029, registering a CAGR of 4.20% during the forecast period of 2022-2029. The focus on sustainable materials and recycling initiatives is influencing the polypropylene market. Polypropylene can be recycled, reducing environmental impact and meeting sustainability goals set by industries and governments.
Key Findings of the Study
Rising demand for nonwoven fabrics is expected to drive the market's growth rate
Polypropylene is a preferred material for the production of nonwoven fabrics due to its desirable properties. Nonwoven fabrics made from polypropylene offer excellent strength, softness, and durability. They are extensively used in hygiene products like diapers, feminine hygiene products, and wipes. In the medical field, polypropylene-based nonwoven fabrics are used for surgical gowns, masks, and wound dressings. Geotextiles made from polypropylene find applications in construction and civil engineering projects, while polypropylene-based filtration fabrics are used in air and liquid filtration systems. The increasing demand for these nonwoven fabric applications drives the demand for polypropylene in the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Homopolymer, Copolymer), Process (Injection Molding, Blow Molding, Extrusion, Others), Application (Fiber, Film and Sheet, Raffia, Foam, Tape, Others), Chemical Structure (Isotactic, Syndiotactic, Atactic), End Use (Packaging, Building and Construction, Automotive, Furniture, Electrical and Electronics, Medical, Consumer Products, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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LyondellBasell Industries Holdings B.V. (Netherlands), Exxon Mobil Corporation (U.S.), SABIC (Saudi Arabia), DuPont (U.S.), INEOS AG (Switzerland), Formosa Plastics Corporation (Taiwan), China Petrochemical Corporation (China), LG Chem (South Korea), Eastman Chemical Company (U.S.), BASF SE (Germany), Reliance Industries Limited (India), Westlake Chemical Corporation (U.S.), Braskem (Brazil), Haldia Petrochemicals Limited (India), Trinseo (France), HPCL- Mittal Energy Limited (India), Brahmaputra Cracker And Polymer Limited (BCPL) (India), SACO AEI Polymers (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The polypropylene market is segmented on the basis of type, process, chemical structure, end use, and application.
- On the basis of type, the polypropylene market is segmented into homopolymer, copolymer. Homopolymers dominate the type segment of the global polypropylene market due to offer consistent properties, ease of processing, and excellent mechanical strength, making them preferred for various industries such as packaging, automotive, and consumer goods with a CAGR of 7.2% in the forecast period of 2022 to 2029.
In 2022, Homopolymers dominate the type segment of the global polypropylene market
In 2022, Homopolymers dominates the type segment of the global polypropylene market owing to its ease of use, affordability, and variety of applications. Homopolymers are preferred in a variety of industries, including packaging, automotive, and consumer goods, due to their consistent properties, simplicity of processing, and excellent mechanical strength with a CAGR of 7.2% in the forecast period of 2022 to 2029.
- On the basis of process, the polypropylene market is segmented into injection molding, blow molding, extrusion, others. The injection molding process dominates the process segment of the global polypropylene market due to its versatility, precision, and efficiency in producing complex shapes and detailed parts. Injection molding allows for high-volume production, making it the preferred choice for a wide range of industries, including automotive, packaging, and electronics in the forecast period of 2022 to 2029
- On the basis of application, the polypropylene market is segmented into fiber, film and sheet, raffia, foam, tape, others. The film and sheet segment dominates the application segment of global polypropylene due to its widespread applications in packaging, agriculture, construction, and consumer goods industries with a CAGR of 10.6% in the forecast period of 2022 to 2029
- On the basis of chemical structure, the polypropylene market is segmented into isotactic, syndiotactic, atactic. Isotactic segment dominates the chemical structure segment of the global polyproplylene market due to its desirable properties, including high crystallinity, stiffness, and thermal stability. Isotactic polypropylene has a regular and orderly molecular structure, resulting in improved mechanical strength and processability, making it the preferred choice for various applications in the forecast period of 2022 to 2029.
- On the basis of end use, the polypropylene market is segmented into packaging, building and construction, automotive, furniture, electrical and electronics, medical, consumer products, others. The packaging segment dominates the end use segment of the global polypropylene market due to the extensive use of polypropylene in various packaging applications, such as flexible packaging, rigid containers, and films. The demand for polypropylene in the packaging industry is driven by its lightweight, durability, versatility, and cost-effectiveness forecast period 2022 to 2029
In 2022, the packaging segment dominates the end use segment of the global polypropylene market
In 2022, the packaging segment dominates the end use segment of the global polypropylene market owing to the widespread use of polypropylene in packaging materials such as films, rigid containers, and flexible packaging. Polypropylene is in high demand in the packaging sector because of its affordability, versatility, and light weight in the forecast period 2022 to 2029
Major Players
Data Bridge Market Research recognizes the following companies as the major polypropylene market players in polypropylene market are Exxon Mobil Corporation (U.S.), SABIC (Saudi Arabia), BASF SE (Germany), Reliance Industries Limited (India), Westlake Chemical Corporation (U.S.), Braskem (Brazil)
Market Development
- In 2022, At the Heartland Petrochemical Complex in Alberta, Canada, the Canadian company Heartland Polymers fully commissioned its polypropylene (PP) plant with a planned production capacity of 525,000 tons/year.
- In 2022, A polypropylene (PP3) plant owned by Slovnaft, a Slovakian company that is a part of the MOL Group, and located in Bratislava, was the subject of an announcement from Linde Engineering. The renovation will increase the plant's annual polypropylene production capacity by 18% to 300 kilotons, and the storage facility's total capacity will increase from 45 to 61 silos.
- In 2022, Exxon Mobil declared that it planned to begin operating its brand-new polypropylene production facility in Baton Rouge, Louisiana.
- In 2021, Mitsui Chemicals Inc. announced a collaboration with Neste and Toyota Tsusho to manufacture renewable polymers made entirely of bio-based hydrocarbons.
- In 2021, Mitsubishi Chemical Corporation planned to buy out all of its joint venture Japan Polypropylene's overseas polypropylene (PP) compound-producing businesses.
Regional Analysis
Geographically, the countries covered in the polypropylene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the polypropylene market during the forecast period 2022-2029
The Asia-Pacific region holds a dominant position in the polypropylene market, both in terms of market share and revenue. This dominance is expected to continue during the forecast period. The growth in this region can be attributed to the increasing demand for polypropylene from the automotive and packaging sectors. Additionally, the presence of numerous market players within the region further contributes to its flourishing dominance in the global polypropylene market.
North America is estimated to be the fastest-growing region in the polypropylene market in the forecast period 2022-2029
North America is expected to experience significant growth in the polypropylene market during the forecast period. The region's growth can be attributed to the increasing use of polypropylene in the packaging sector, driven by the food and beverage industry. Additionally, there is rising consumer demand for lightweight polypropylene components in the automotive and electronics sectors. These factors contribute to the lucrative growth prospects of the polypropylene market in North America.
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