Polypropylene Market Outlook - Supply and Demand Analysis 2025-2034

Polypropylene Market

Polypropylene or PP is known to offer crystal-clear transparency when compared to PE, has high fatigue and impact resistance, possesses excellent mechanical properties, and also offers resistance to heat and freezing. PP resins are produced for use in a variety of products like carpet fibres, molded products like food containers, chairs, car components, and film for a range of packaging applications, and ropes and textiles, among others. The innumerable flexible uses of polypropylene make it crucial in the production of various items ranging from children's toys to household goods and appliances.

Global Supply/Demand Outlook

The global PP resin market stood at a volume of around of 91320.00 Kilo Tons in the year 2024. The market is projected to grow at a CAGR of 4.50% between 2025 and 2034 to reach a volume of about 141817.17 Kilo Tons by 2034. Injection molding represents the leading application of PP resin, accounting for nearly 38% market share. Since polypropylene flows very well and is easy to mold due to its low melt viscosity, it is commonly used for injection molding. Its pelletized form is mostly used in injection molding, which is used to manufacture plastics widely utilised in electrical and electronic devices. The steady expansion of industries like packaging, chemical processing, and electrical and electronics, along with the demand for lightweight components is expected to contribute to the demand for injection molding and thus, support the market for PP resins. The market is also expected to benefit from the growing demand for bio-based polypropylene.

The global capacity of PP resin was about 110,000 KT in the year 2023. It is estimated to reach 170,000 KT by 2032. Approximately 159 polypropylene projects- planned and announced- are likely to come online by 2027, particularly in Asia, followed by the Middle East. The Asia Pacific holds the major share of PP resin capacities, representing around more than 52% of the global production capacity.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Regional Market Analysis

In Asia, there is expected to be a capacity addition of 42950 KT by 2027, from 84 new build projects, announced and planned. The expansion of the region’s existing polypropylene projects is expected to add another 380 KT. Within Asia, China dominates with capacity additions of 22350 KT the largest- from 51 planned and announced projects. As of 2023, the plant capacity utilisation of PP resins stood at 84%.

Key Market Players

LyondellBasell Industries N.V. is the world's leading producer of PP resins. LyondellBasell's Carrington site produces polypropylene resins for a variety of products and covers an area of 300 acres. The company holds approximately 4.3% of global PP resins capacity.

Other major manufacturers of PP resins are Mitsui Chemicals Inc., Kingfa Science & Technology Co., Ltd., Mitsubishi Corporation, Washington Penn Inc., Borealis AG, Sumitomo Chemical Co., Ltd., GS Caltex Corporation, Ravago, Exxon Mobil Corporation, SABIC, IRPC PCL, Lapo Compound S.R.L., MOL Group, Repsol S.A., and Tasnee.

The top 5 companies (LyondellBasell Industries N.V., Sinopec, Exxon Mobil Corporation, Braskem S.A., and Borealis AG.) represent around 20% of global capacity.

Key Questions Answered in the Report:

• What are the high-growth opportunities and markets for polypropylene by end use and region?

• What are the types of polypropylene available by region?

• Which segments and regions are projected to grow at a faster pace and why in the polypropylene market?

• What is the nameplate capacity of polypropylene by region from 2018 to 2032?

• How does the plant capacity utilisation of polypropylene vary by region between 2018 and 2034?

• Who are the major players in the polypropylene market by capacity and region?

• What major plant shutdowns and expansions have occurred in the polypropylene market in the last year and the last quarter?

• What major plant shutdowns and expansions are planned in the polypropylene market over the next year and quarters?

• How did export and import dynamics of polypropylene vary by region in terms of value between 2018 and 2023?

• How did export and import dynamics of polypropylene vary by region in terms of volume between 2018 and 2023?

• What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of polypropylene?

• What are the environmental considerations and regulatory impacts affecting the polypropylene market?

• What technological innovations are having an impact on the production and application of polypropylene?

• What are the key trends and innovations in the polypropylene market?

• What are the challenges and opportunities faced by polypropylene manufacturers?

• What are the potential risks and barriers to entry for new players in the polypropylene market?

• What strategic investments and expansions have major players made in the polypropylene market?

• How are geopolitical factors and international trade policies affecting the global polypropylene market?

• What are the price trends for polypropylene, and how are they expected to change?

• How does the supply chain of polypropylene operate, and what are its key components?