Polypropylene Market Revenues to Reach USD 173.49 Billion by 2027

The Global Polypropylene Market is estimated to garner US$ 173.49 billion by 2027, registering a CAGR of 5.3% during the forecast period 2020-2027.

Precedence Research, Recently Published Report on “Polypropylene Market Size, Share, Growth, Trends, Segment Forecasts, Regional Outlook 2020 - 2027”. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.

Polypropylene is basically a thermoplastic material that is prominently used for manufacturing fibers and molded materials. It provides excellent chemical and mechanical resistance coupled with translucent features. Excellent stiffness, lightweight, and flexibility properties offered by the product are the major trends and are significantly promoting the market growth over the upcoming years. In addition to these factors, they are notably used in various end-use industries such as automotive, agriculture, packaging, construction, electrical & electronics, and many others.

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Growth Factors

Increasing demand of polypropylene from various end-use sectors such as automotive, packaging, healthcare, building & construction, and electrical & electronics attributed as the primary factors that drives the growth of the product. Features of polypropylene such as low-cost and excellent mechanical strength along with moldability are the major factors due to which more than half of the plastics used in the automotive sector are polypropylene. Polypropylene is used in various parts of an automobile, such as instrumental panels, bumpers, and door trims.

Furthermore, the properties of polypropylene that include lightweight, low density, durability, high heat resistance, and high clarity make it a suitable for packaging applications. Polypropylene is also used significantly in the electrical & electronics and building & construction for the insulation of building wrap as well as electronics goods.

However, rising environmental concern and government regulations for banning the use of plastic products expected to hamper the market growth in the upcoming years. Furthermore, there are number of substitutes available for the polypropylene such as polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), and many other that again restricts the market growth in the coming years.

Regional Snapshots

The Asia Pacific captured major share in the market revenue accounting for nearly half of the market value in 2019 and further expected to growth prominently throughout the forecast timeframe. The remarkable growth of the region is mainly attributed to the increasing demand of polypropylene from packaging, automotive, medical, and building & construction sectors. The region is a growing market place for all the aforementioned industries owing to large consumer base and high growth in the disposable income of consumers that in turn attributed as a prime factor for the market growth for polypropylene in the region. In addition to this, supportive government policies for light weight electronics and automotive parts in order to control the rising environmental pollution again boost the demand for the product over the upcoming period.

Moreover, North America and Europe are the prominent regions that hold nearly 30-35%market value collectively in the year 2019. Growing packaging and automotive industry in the regions are the main factors supporting the rapid growth of the market in the regions. Rising trend for packaged foods and drinks because of hectic lifestyle again triggers the growth of the polypropylene packaging solutions in these regions.

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Key Players & Strategies

The global industry for polypropylene witnesses intense competition among the market players owing to the presence of large number of small and medium sized players. Furthermore, these industry participants are significantly involved in the forward integration of value chain process that results in the continuous supply of raw materials as well as this reduces the overall manufacturing cost. In addition to forward integration, the market players also invest prominently in the research & development (R&D) sector to excel their product specification coupled with the market reach.

Some of the key players operating in the market are Lyondellbasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, China Petrochemical Corporation, Eastman Chemical Company, BASF SE, LG Chem, Trinseo S.A., Total S.A, and Westlake Chemical Corporation among others.

Report Highlights

• The Asia Pacific emerged as the market leader and accounted for a revenue share of approximately 50% in the year 2019 due to growing demand for polypropylene from packaging and automotive sectors
• North America accounted for a value share of 16% in 2019 owing to its rising application for packaging in the food & beverage industry
• By type, homopolymer dominated the global polypropylene market and accounted for around 83% revenue share in the year 2019
• Increasing demand for copolymer polypropylene in medical sector because of its toughness at low temperature along with higher stress crack resistance expected to drive its demand
• Based on process, injection molding dominated the global market with a revenue share of around 37% in 2019
• Film & sheet accounted for the highest revenue share of nearly 36% in the global market in 2019 owing to its rising demand in boxes, binders, packaging materials, and portfolios
• Fiber estimated to be the second largest application segment accounting for a value share of around 30% in 2019 because of rising demand from automotive industry

Market Segmentation

By Process

• Blow Molding
• Extrusion
• Injection Molding
• Others

By Type

• Copolymer
• Homopolymer

By Application

• Film & Sheet
• Raffia
• Fiber
• Others

By End-use

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

By Regional

• North America
  
  
  • U.S.
  • Canada
• Europe
  
  
  • U.K.
  • Germany
  • France
• Asia Pacific
  
  
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Polypropylene Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
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: Polypropylene Industry Impact
5.2. Polypropylene Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Polypropylene Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Polypropylene Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Polypropylene Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increasing Preference of Polypropylene over Traditional Materials across Various Industries
6.1.1.2. Prominent Growth of End-use Industries
6.1.2. Market Restraints
6.1.2.1. Availability of Substitute that provides Stiff Competition to the Product
6.1.3. Market Opportunities
6.1.3.1. Significant Demand of Polypropylene from Automotive Industry
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
6.3. PESTEL Analysis

Chapter 7. Global Polypropylene Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Polypropylene Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Polypropylene Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Polypropylene Market Production by Manufacturer (2015-2020)
7.1.1.4. Polypropylene Market Production Market Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Manufacturers 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, by Process, 2016-2027
8.1.1. Blow Molding
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Extrusion
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Injection Molding
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)
8.1.4. Other
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.4.2. Market Production and Forecast (2016-2027)

Chapter 9. Global Polypropylene Market, By Type

9.1. Polypropylene Market, by Type, 2016-2027
9.1.1. Copolymer
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Production and Forecast (2016-2027)
9.1.2. Homopolymer
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Production and Forecast (2016-2027)

Chapter 10. Global Polypropylene Market, By Application

10.1. Polypropylene Market, by Application, 2016-2027
10.1.1. Film & Sheet
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.1.2. Market Consumption and Forecast (2016-2027)
10.1.2. Raffia
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.2.2. Market Consumption and Forecast (2016-2027)
10.1.3. Fiber
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.3.2. Market Consumption and Forecast (2016-2027)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.4.2. Market Consumption and Forecast (2016-2027)

Chapter 11. Global Polypropylene Market, By End-use

11.1. Polypropylene Market, by End-use, 2016-2027
11.1.1. Building & Construction
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.1.2. Market Consumption and Forecast (2016-2027)
11.1.2. Electrical & Electronics
11.1.2.1. Market Revenue and Forecast (2016-2027)
11.1.2.2. Market Consumption and Forecast (2016-2027)
11.1.3. Automotive
11.1.3.1. Market Revenue and Forecast (2016-2027)
11.1.3.2. Market Consumption and Forecast (2016-2027)
11.1.4. Medical
11.1.4.1. Market Revenue and Forecast (2016-2027)
11.1.4.2. Market Consumption and Forecast (2016-2027)
11.1.5. Packaging
11.1.5.1. Market Revenue and Forecast (2016-2027)
11.1.5.2. Market Consumption and Forecast (2016-2027)
11.1.6. Others
11.1.6.1. Market Revenue and Forecast (2016-2027)
11.1.6.2. Market Consumption and Forecast (2016-2027)

Chapter 12. Global Polypropylene Market, Regional Estimates and Trend Forecast

12.1. Global Revenue and Production Forecast (2016-2027)
12.2. Global Revenue and Consumption Forecast (2016-2027)
12.3. Global Import and Export Data (2016-2027)
12.4. North America
12.4.1. Overview and Regional Trends
12.4.2. Market Revenue and Production Forecast by Process(2016-2027)
12.4.3. Market Revenue and Production Forecast by Type (2016-2027)
12.4.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.4.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.4.6. U.S
12.4.6.1. Market Revenue and Production Forecast (2016-2027)
12.4.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.4.7. Canada
12.4.7.1. Market Revenue and Production Forecast (2016-2027)
12.4.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.5. Europe
12.5.1. Overview and Regional Trends
12.5.2. Market Revenue and Production Forecast by Process (2016-2027)
12.5.3. Market Revenue and Production Forecast by Type (2016-2027)
12.5.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.5.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.5.6. UK
12.5.6.1. Market Revenue and Production Forecast (2016-2027)
12.5.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.5.7. Germany
12.5.7.1. Market Revenue and Production Forecast (2016-2027)
12.5.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.5.8. France
12.5.8.1. Market Revenue and Production Forecast (2016-2027)
12.5.8.2. Market Revenue and Consumption Forecast (2016-2027)
12.5.9. Rest of EU
12.5.9.1. Market Revenue and Production Forecast (2016-2027)
12.5.9.2. Market Revenue and Consumption Forecast (2016-2027)
12.6. Asia Pacific (APAC)
12.6.1. Overview and Regional Trends
12.6.2. Market Revenue and Production Forecast by Process (2016-2027)
12.6.3. Market Revenue and Production Forecast by Type (2016-2027)
12.6.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.6.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.6.6. China
12.6.6.1. Market Revenue and Production Forecast (2016-2027)
12.6.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.6.7. India
12.6.7.1. Market Revenue and Production Forecast (2016-2027)
12.6.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.6.8. Japan
12.6.8.1. Market Revenue and Production Forecast (2016-2027)
12.6.8.2. Market Revenue and Consumption Forecast (2016-2027)
12.6.9. Rest of APAC
12.6.9.1. Market Revenue and Production Forecast (2016-2027)
12.6.9.2. Market Revenue and Consumption Forecast (2016-2027)
12.7. LATAM
12.7.1. Overview and Regional Trends
12.7.2. Market Revenue and Production Forecast by Process (2016-2027)
12.7.3. Market Revenue and Production Forecast by Type (2016-2027)
12.7.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.7.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.7.6. Brazil
12.7.6.1. Market Revenue and Production Forecast (2016-2027)
12.7.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.7.7. Rest of LATAM
12.7.7.1. Market Revenue and Production Forecast (2016-2027)
12.7.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.8. Middle East and Africa (MEA)
12.8.1. Overview and Regional Trends
12.8.2. Market Revenue and Production Forecast by Process (2016-2027)
12.8.3. Market Revenue and Production Forecast by Type (2016-2027)
12.8.4. Market Revenue and Consumption Forecast by Application (2016-2027)
12.8.5. Market Revenue and Consumption Forecast by End-use (2016-2027)
12.8.6. GCC
12.8.6.1. Market Revenue and Production Forecast (2016-2027)
12.8.6.2. Market Revenue and Consumption Forecast (2016-2027)
12.8.7. North Africa
12.8.7.1. Market Revenue and Production Forecast (2016-2027)
12.8.7.2. Market Revenue and Consumption Forecast (2016-2027)
12.8.8. South Africa
12.8.8.1. Market Revenue and Production Forecast (2016-2027)
12.8.8.2. Market Revenue and Consumption Forecast (2016-2027)
12.8.9. Rest of MEA
12.8.9.1. Market Revenue and Production Forecast (2016-2027)
12.8.9.2. Market Revenue and Consumption Forecast (2016-2027)

Chapter 13. Company Profiles

13.1. Lyondellbasell Industries Holdings B.V.
13.1.1. Company Overview, Business Information, Regional Presence
13.1.2. Product Portfolio Analysis
13.1.2.1. Product Details, Specification, Application
13.1.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.1.4. Recent Developments and Strategies
13.2. Exxon Mobil Corporation
13.2.1. Company Overview, Business Information, Regional Presence
13.2.2. Product Portfolio Analysis
13.2.2.1. Product Details, Specification, Application
13.2.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.2.4. Recent Developments and Strategies
13.3. SABIC
13.3.1. Company Overview, Business Information, Regional Presence
13.3.2. Product Portfolio Analysis
13.3.2.1. Product Details, Specification, Application
13.3.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.3.4. Recent Developments and Strategies
13.4. China Petrochemical Corporation
13.4.1. Company Overview, Business Information, Regional Presence
13.4.2. Product Portfolio Analysis
13.4.2.1. Product Details, Specification, Application
13.4.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.4.4. Recent Developments and Strategies
13.5. Eastman Chemical Company
13.5.1. Company Overview, Business Information, Regional Presence
13.5.2. Product Portfolio Analysis
13.5.2.1. Product Details, Specification, Application
13.5.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.5.4. Recent Developments and Strategies
13.6. BASF SE
13.6.1. Company Overview, Business Information, Regional Presence
13.6.2. Product Portfolio Analysis
13.6.2.1. Product Details, Specification, Application
13.6.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.6.4. Recent Developments and Strategies
13.7. LG Chem
13.7.1. Company Overview, Business Information, Regional Presence
13.7.2. Product Portfolio Analysis
13.7.2.1. Product Details, Specification, Application
13.7.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.7.4. Recent Developments and Strategies
13.8. Trinseo S.A.
13.8.1. Company Overview, Business Information, Regional Presence
13.8.2. Product Portfolio Analysis
13.8.2.1. Product Details, Specification, Application
13.8.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.8.4. Recent Developments and Strategies
13.9. Total S.A
13.9.1. Company Overview, Business Information, Regional Presence
13.9.2. Product Portfolio Analysis
13.9.2.1. Product Details, Specification, Application
13.9.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.9.4. Recent Developments and Strategies
13.10. Westlake Chemical Corporation
13.10.1. Company Overview, Business Information, Regional Presence
13.10.2. Product Portfolio Analysis
13.10.2.1. Product Details, Specification, Application
13.10.3. Revenue, Production Capacity, Price, and Gross Margin (2015-2020)
13.10.4. Recent Developments and Strategies

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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