Global Polypropylene Market is to Booming at a CAGR of 7.09% from 2019-2026

Polypropylene Market: Information by Type (Syndiotactic Polypropylene, Atactic Polypropylene, Isotactic Polypropylene) End-use Application (Film, Injection Products, Woven Products, Other), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2026

Polypropylene is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer propylene and is one of the most versatile polymers and is used as both plastic and as fiber. The polymer has tough characteristics like it is mechanically rugged and resistant to many chemical solvents like bases and acids. This makes polypropylene plastic ideal for various end-use industries. The main application of PP plastic is in packaging and labeling, textiles, plastic parts and reusable containers of various types.

The report shows the Polypropylene market is valued at approximately USD 109,609 million in 2019 and is expected to generate revenue of around USD 177,047 million by 2026, growing at a CAGR of roughly 7.09% from 2019 and 2026.

Market Opportunity

The increasing adoption of polypropylenes in injection molding, fiber & raffia, film & sheet, and blow molding, coupled with the growing trend towards the use of polypropylene in the automotive sector to reduce the weight of the vehicle for increased fuel efficiency, these factors are driving demand for polypropylene globally. Moreover, as the material is safe for food packaging due to it doesn’t react with the food, which makes it a practical option for end users in the food, beverage, health care industry as a cost-effective packaging solution.

However, the challenge of the availability of other polymers such as PE, PS, PET, along with the growing concerns regarding eco-friendly environment across the globe will hamper the market expansion in the coming years.

By applications, the injection molding segment is estimated to grab the utmost market share over the forecast period. Polypropylene is widely used for injection molding application due to the properties such as the excellent moisture optical clarity, low moisture vapor transmission.

Key Players

Major manufacturers profiled in the global Polypropylene market are Sinopec, Formosa Plastics, Formosa Plastics, Shenhua, SABIC, LyondellBasell, JPP, Braskem, Reliance Industries, ExxonMobil, Total, CNPC, Prime Polymer, and etc.

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Market Segmentation

By Type

Ÿ   Syndiotactic Polypropylene

Ÿ   Atactic Polypropylene

Ÿ   Isotactic Polypropylene

By Application

Ÿ   Film

Ÿ   Injection Products

Ÿ   Woven Products

By Region

Ÿ   North America

u   U.S.

u   Canada

u   Mexico

Ÿ   Europe

u   Germany

u   France

u   Italy

u   Spain

u   U.K.

u   Nordic Countries

u   Belgium

u   Russia

u   Rest of Europe

Ÿ   Asia Pacific

u   China

u   India

u   Australia

u   Japan

u   South Korea

u   Australia and New Zealand

u   Rest of Asia Pacific

Ÿ   Latin America, Middle East & Africa

u   GCC Countries

u   Brazil

u   Nigeria

u   Argentina

u   South Africa

u   Others

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Regional Insights

Geographically, the global Polypropylene market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia-Pacific is the largest market with a proportion of 38.74%, followed by Europe and North America, accounting for 34.85% and 22.01% respectively. The growth in APEC market is mainly due to the great demand for application in various industries, a large number of sales reaching USD 37,410 million in the base year, contribution by significant economies such as China, Japan, and Korea.

Market Analyze Period

l   Base Year: 2018

l   Estimated Year: 2019

l   Forecast Period: 2019 to 2026

Table of Content

1 Report Overview

1.1  Product Definition and Scope

1.2  PEST (Political, Economic, Social and Technological) Analysis of Polypropylene Market

…

2 Market Trends and Competitive Landscape

3 Segmentation of Polypropylene Market by Types

4 Segmentation of Polypropylene Market by End-Users

5 Market Analysis by Major Regions

6 Product Commodity of Polypropylene Market in Major Countries

7 North America Polypropylene Landscape Analysis

8 Europe Polypropylene Landscape Analysis

9 Asia Pacific Polypropylene Landscape Analysis

10 Latin America, Middle East & Africa Polypropylene Landscape Analysis  

11 Major Players Profile

11.1 Sinopec

11.1.1 Sinopec Company Profile and Recent Development

11.1.2 Market Performance

11.1.3 Product and Service Introduction

11.2 Formosa Plastics

11.3 Shenhua

11.4 SABIC

11.5 LyondellBasell

11.6 JPP

11.7 Braskem

11.8 Reliance Industries

11.9 ExxonMobil

11.10 Total

11.11 CNPC

11.12 Prime Polymer

…

Report Key Audience

l   Polypropylene manufacturers

l   Raw material suppliers of Polypropylene-based products

l   Downstream vendors and end-users

l   Traders, distributors, and resellers of Polypropylene products

l   Chemical materials industry associations and research organizations

l   Product managers, Polypropylene industry administrator, C-level executives of the industries

l   Market Research and consulting firms

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