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  • Polypropylene Market Growth Analysis | 2023-28

    Polypropylene Market Growth Analysis | 2023-28

    Polypropylene Market Growth Analysis | 2023-28
    Report code - SRAM630 Delivery - 2 Weeks
    Polypropylene Market Size, Share, Trend, Forecast, & Industry Analysis – 2023-20 See more...

    Market Insights

    The polypropylene market is estimated to grow from USD 126.19 billion in 2022 to USD 153.99 billion by 2028 at a CAGR of 3.34% during the forecast period.

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    What is polypropylene?

    Polypropylene is a thermoplastic polymer that is produced by combining propylene monomers with catalysts. As thermoplastic polymers are recyclable, their applications are growing in a wide array of industries such as packaging, automotive, building & construction, electrical & electronics, medical, and others. They are of basically two types i.e. homopolymer and copolymer.

    Polypropylene Market Report Overview

    Market Size in 2028

    USD 126.19 billion

    Market Size in 2021

    USD 153.99 billion

    Market Growth (2023-2028)

     CAGR of 3.34 %

    Base Year of Study


    Trend Period


    Forecast Period


    Market Dynamics

    The market is driven by a host of factors, some of which are noted below:

    Surge in Demand for Polypropylene from Various End-Use Industries to Fuel Growth

    Rising Demand from the Packaging Market: The polypropylene market is expanding due to increasing packaging demand for food and beverages, as well as its moisture barrier properties, making it ideal for food and beverage packaging and automobile manufacturing due to its ease of processability and stiffness.

    Rising Demand from the Manufacturing Market: Polypropene's high durability and flexibility make it a promising material for the agricultural sector, with increasing demand for tools like drippers and microtubes driving growth.

    Rising demand from the Industrial Market: Polypropylene's high rigidity and transparency properties, particularly in packaging electrical spares and parts, are expected to boost its demand across various industries due to its efficient properties.

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    Key Players

    Some of the major suppliers are

    • SABIC
    • LG Chem
    • LyondellBasell Industries Holdings B.V.
    • Exxon Mobil Corporation
    • DuPont
    • INEOS
    • Formosa Plastics Corporation
    • China Petrochemical Corporation
    • Eastman Chemical Company
    • BASF SE
    • Reliance Industries Limited
    • Westlake Chemical Corporation
    • Braskem, Haldia Petrochemicals Limited
    • Lotte Chemical UK LTD
    • Trinseo, HPCL- Mittal Energy Limited
    • Brahmaputra Cracker
    • Polymer Limited
    • SACO AEI Polymers

    Segment Analysis

    By Type

    The market is segmented as homopolymer and copolymer. The Homopolymer shares more than 80% in 2022 and is expected to maintain its position during the forecast period. Homopolymer polyethylene is widely used in a large number of industries such as packaging, automotive, building & construction, and electrical & electronics owing to its better mechanical properties.

    By Application Type

    The polypropylene market is segmented as injection molding, fiber & raffia, film & sheet, and blow molding. Film and sheet share nearly 35% in 2022 of the market owing to their widespread usage in carpets, carpet backing, and tapes. Injection molding is expected to remain the second-largest segment owing to the growing demand for molded products in an increasing number of end-use industries.

    By End-Use Industry Type

    The polypropylene market is segmented as packaging, automotive, building & construction, electrical & electronics, medical, and others. The packaging segment shares more than 35%in 2022 during the forecast period. Polypropylene is used in the packaging of food and consumer products.


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    By Region

    Asia Pacific holds more than 45% of the share in 2022 for polypropylene during the forecast period. China, Japan, South Korea, Taiwan, and India are the largest consumers of polypropylene in the region. Significant economic development in the region is paving the path for electrical & electronic, packaging, building & construction, and automotive industries.

    Further, a huge consumer base and significant economic development in the region are likely to boost the demand for polypropylene in the region. North America and Europe are also expected to witness a healthy demand for polypropylene material owing to the revival of the construction industry from the global economic slowdown.

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    The report provides detailed insights, to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    Segment-Wise Analysis -

    By Type:

    • Homopolymer 
    • Copolymer 

    By Application Type:

    • Injection Molding
    • Fiber & Raffia 
    • Film & Sheet 
    • Blow Molding 

     By End-Use Industry Type:

    • Packaging 
    • Automotive
    • Building & Construction 
    • Electrical & Electronics 
    • Medical
    • Others 

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

    What Deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Polypropylene Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and what is their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)


    • Current market segmentation by any one of the technology types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Polypropylene is a thermoplastic polymer that is produced by combining propylene monomers with catalysts. As thermoplastic polymers are recyclable, their applications are growing in a wide array of industries such as packaging, automotive, building & construction, electrical & electronics, medical, and others. They are of basically two types i.e. homopolymer and copolymer.

    LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, DuPont, INEOS, Formosa Plastics Corporation, China Petrochemical Corporation, and LG Chem, Eastman Chemical Company, BASF SE, Reliance Industries Limited, Westlake Chemical Corporation, Braskem, Haldia Petrochemicals Limited, Lotte Chemical UK LTD., Trinseo, HPCL- Mittal Energy Limited, Brahmaputra Cracker And Polymer Limited, and SACO AEI Polymers are among the key players in the polypropylene market.

    Asia-pacific is expected to be the largest market during the forecast period of 2023-2028.

    Flim & Sheet is expected to remain the dominant application type in the market in the coming five years.

    The prime factors that are driving the polypropylene market are expanding application range, technological advancements, and a surge in demand from the Asia-Pacific region.

    The market was likely to grow at a CAGR of 3.34 % from 2023-2028.

    The market was estimated at USD 126.19 Billion in 2022 and is likely to reach USD 153.99 Billion in 2028.

    The study period of this market report is 2017-28.


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