Polypropylene Market to Reach USD 205.61 Billion By 2027

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Polypropylene Market: An Overview

According to a market research report by Reports and Data, the global polypropylene market is forecast to surpass in USD 205.61 Billion by 2027. Increasing adoption of polypropylene in the 3D printing industry because of its excellent chemical resistance may act as a considerable factor influencing market demand. The density of polypropylene is the lowest among commonly used plastics in manufacturing, meaning that it's very light. Other benefits of the polymer includes flexibility, durability, and electric resistance, making it highly practical for  varied industrial applications.

Benefits related to PP, like impact strength, greater rigidity, and fluidity are projected to drive their adoption within the automotive industry. In recent decades, several companies have launched PP compounds that provide light-weighing alternatives for interior, exterior, and under-the-bonnet automotive parts. PP is widely used for interior trim, battery casings, exterior panels, bumpers, and instrument panels within the automotive sector. PP is getting used within the healthcare sector to manufacture diagnostic devices, medical vials, specimen bottles, and pill containers.

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Polypropylene Market Dynamics
The growth within the building and construction sector and investment in infrastructure have led to robust demand for resins in applications, including roofing, insulation, windows, piping, and house wrap. The utilization of plastics like polypropylene promotes energy efficiency and energy savings in both residential and non-residential building and construction.

Increasing adoption of PP in packaging industry is additionally a foremost influencing factor market growth. BOPP film has become a preferred high-barrier material in many food packaging applications. Due to its benefits like simple processing, low price, and chemically inertness, PP has successfully replaced metals, wood, cellophane, glass, and paper in various applications. For instance, the polymer is being increasingly used for film extrusions, that are utilized in food and confectioneries packaging. It's also getting used in the manufacturing of caps and closures for food & beverages, and personal care products.

The increasing global installation of propane dehydrogenation (PDH) facilities is anticipated to influence PP market demand. In the U.S. and Canada, ethane steam crackers have lowered the production of propylene. Thus, companies are shifting to PDH for the production of propylene. Statistics suggest, since 2010, 2 million metric tons/year of new PDH capacity have been added in both the U.S. and Canada, and nearly 1.6 MMTPA capacity is at the present under development.

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Polypropylene Market: Regional Outlook

North America propylene market is projected to be a number one revenue generating region over the forecast period registering a CAGR of 5.8%. Increasing adoption of PP within the U.S. may be a key factor stimulating demand. In the U.S., propylene is that the second-most commonly produced thermoplastic material after polyethylene. The advantages of PPs like flexibility, melt temperature, toughness, electric resistance, permeability, and chemical resistance, have driven its demand in end-use industries.

Europe propylene market is projected to witness a CAGR of 4.4% over the forecast period. Increasing adoption of PP within the construction sector is probably going to foster product demand. PP is utilized in construction applications like air barrier membranes, moisture barrier membranes, carpet textiles, films and sheets for insulating building wraps, and in plastic parts like pipes. The climbing demand for light-weight automobiles has also driven the demand for plastics particularly, PP within the region. Manufacturers in the region are preferring polymers and plastic composites to realize better fuel efficiency levels.

Polypropylene Market: Key Players

• BASF SE
• China National Chemical Corporation (CHEMCHINA)
• Dow Chemical Company
• ENI S.P.A.
• Exxon Mobil Corporation
• Braskem
• INEOS Group Holdings S.A.
• LyondellBasell Industries N.V.
• Saudi Basic Industries Corporation
• SINOPEC
• TOTAL Specialties USA, Inc.

The COVID-19 Impact on Polypropylene Market:

The spread of COVID-19 poses a threat to the global oil and gas industry thanks to various factors. The drastic action taken to curb the spread of the virus has had a big impact on different sectors. As an example , offshore workers are forced to work and board in confined spaces while maintaining social distancing directives. Travel bans and quarantines limit ability of any company to facilitate travel and conduct meetings. The uncertainty that envelops the pandemic has made the historically volatile industry more unstable and unpredictable. This uncertainty is further augmented by the shortage of historical instance for such incidents within the oil and gas sector. The refining industry is suffering on various frontiers, which include the huge downfall in demand caused by the COVID-19 pandemic and therefore the competition amongst leading global producers that has caused a record plunge in prices.

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Report Highlights:

  • Detailed overview of the market
  • Evolving polypropylene market dynamics
  • In-depth polypropylene market classification
  • Historical, present, and anticipated polypropylene market size and share in terms of volume and value
  • Recent polypropylene market trends and advances
  • Competitive landscape
  • Strategies adopted by key players and products portfolio
  • Segments, sub-segments, and geographic regions exhibiting growth prospects
  • A neutral and global perspective on polypropylene market performance

Polypropylene Market: Segmentation

For the purpose of this report, Reports and Data has segmented into the global polypropylene market on the basis of type, application, end use industry, and region:

Extraction Type Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)

  • Homopolymer
  • Copolymer

Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)

  • Moulding
    • Injection Moulding
    • Blow Moulding
  • Fiber & Raffia
  • Films & Sheets
  • Bags & Sacks
  • Containers
  • Others

End Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)

  • Packaging
    • Flexible Packaging
    • Rigid Packaging
  • 3D Printing
  • Automotive & Transportation
  • Building & Construction
  • Electrical & Electronics
  • Healthcare
  • Others

Regional Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Rest of APAC
  • MEA
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of LATAM

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