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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Polypropylene Market Size
The global polypropylene market was approximately 90.32 MMT in 2023. The market is estimated to grow at a CAGR of 4.5% during 2024-2032 to reach a volume of 134.22 MMT by 2032.
Key Takeaways
- The global production capacity of polypropylene in 2022 stood at 97.86 million tons.
- In the United States, access to polypropylene recycling collection has reached up to 65%, leading to an estimated additional recovery of 25 million pounds on an annual basis.
- The major importers of polypropylene are China and Turkey, followed by other European regions.
Polypropylene is a versatile material, which finds application in major industries including electrical and electronics, and packaging industries. This can be attributed to the improved durability and strength of the material.
The increasing demand from injection moulding and films and fibre sectors is driving the global polypropylene market. The rising demand for the injection moulding grade of polypropylene and the robust automotive industry in mature markets such as the United States and European countries, like Germany, France, the United Kingdom, Italy, and Spain, are supporting the market growth.
Polypropylene Market Report Snapshots
Polypropylene Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a volume of 90.32 MMT in 2023.
The market is estimated to grow at a CAGR of 4.5% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 134.22 MMT by 2032.
The key drivers include the expanding packaging sector, increasing application of polypropylene in the automotive and healthcare sectors, and the increasing recycling of polypropylene due to rise in sustainability concerns.
The key regional markets for polypropylene are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key applications include injection moulding, fibre, film, blow moulding, extrusion coating, and other extrusion, among others.
The end uses of the market are packaging, automotive, and agriculture, among others.
The key players in the market include LyondellBasell Industries Holdings B.V., China Petrochemical Corporation, PetroChina Company Limited, Braskem S.A., Exxon Mobil Corporation, Formosa Plastics Corporation, Reliance Industries Limited, and TotalEnergies SE, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124