Polypropylene Market Research Covering Growth Analysis And Industry Trends with Forecast 2030


The growing demand for polypropylene in the 3D printing industry and the increased installation of propane dehydrogenation will boost market growth.

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The growing demand for polypropylene in the 3D printing industry and the increased installation of propane dehydrogenation will boost market growth.

According to a new report by Reports and Data, the global Polypropylene Market is forecast to reach USD 239.84 Billion by 2030. Increasing adoption of PP in the 3D Printing industry owing to its superior chemical resistance is a significant factor influencing market demand. Polypropylene has the lowest density out of all commonly used in manufacturing plastics, which makes it very light. Other benefits associated with the material, including flexibility, durability, and electrical resistance, make it highly practical for the industry. Currently, the product is being used in the healthcare sector to manufacture medical vials, diagnostic devices, specimen bottles, and pill containers.

The increasing global installation of propane dehydrogenation (PDH) facilities is anticipated to influence demand. In the U.S. and Canada, the ethane steam crackers have reduced the production of propylene. Thus, companies have been shifting to propane dehydrogenation for the production of propylene.  Based on statistics, since 2010, more than 2 million metric tons/year of new PDH capacity have been developed in both the U.S. and Canada, and around 1.6 MMTPA capacity is currently under development.

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Top 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, and TOTAL Specialties USA, Inc. 

Further key findings from the report suggest:

Polypropylene is one of the fastest-growing polymers. This growth is mostly attributed to polypropylene’s ability to displace conventional materials such as wood, glass, and metal at a lower cost. The material offers excellent chemical resistance and weldability, which makes it ideal for the automotive industry, consumer goods, and packaging applications. 

The demand for PP resins for moulding is projected to grow significantly in the coming years. PP exhibits specific properties, such as chemical resistance, low density, outstanding property balance, and versatility, which makes it apt for a wide range of applications. 

Polypropylene is majorly used for food packaging. It is widely used for sweet and snack wrappers, hinged caps, and microwave containers. Furthermore, since PP containers do not leach chemicals, they are considered safe for packaging applications. 

Increasing adoption of Biaxially Oriented Polypropylene (BOPP) films in food packaging is also a significant trend observed in the market. Benefits associated with BOPP films, including low moisture transmission rate, excellent slip, and optical properties, high tensile strength, and low thermal shrinkage, have driven their demand for food packaging applications. 

The automotive segment is expected to have lucrative growth during the forecast period due to the increased production of automobiles. Polypropylene is widely used in automotive parts due to its low cost, outstanding mechanical properties, and moldability. Main application areas include battery cases and trays, bumpers, fender liners, interior trim, instrumental panels, and door trims.

In May 2020, LyondellBasell unveiled that Advanced Global Investment Company (AGIC) has selected the Spheripol technology: the company’s leading polypropylene technology for a new world-scale facility.

In May 2020, CNOOC and Shell collaborated to expand their petrochemical complex in Huizhou, Guangdong province in China. The companies will focus on the production of ethylene glycol, polyethylene, polypropylene, and propylene oxide through the partnership.

 Regional Outlook

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To know more about the report : https://www.reportsanddata.com/report-detail/polypropylene-market

Market Segmentation:

Extraction Type Outlook (Revenue, USD Million; Volume, Kilo Tons; 2019-2030)

  • Homopolymer
  • Copolymer

Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2019-2030)

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

End Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2019-2030)

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

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Table of Contents:

Report Overview

1.1 Research Scope

1.2 Key Polypropylene market segments

1.3 Major players

1.4 Market analysis by product type

1.5 Market analysis by application

1.6 Report timeline

Global Growth Trends

2.1 Global Polypropylene market size

2.2 Latest regional market trends

2.3 Emerging growth trends

Competitive Outlook

3.1 Global Polypropylene market key players

3.2 Global Polypropylene size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Polypropylene market

3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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