Global Polypropylene Market Assessment

Polypropylene Technologies

Polypropylene (PP) is a thermoplastic linear hydrocarbon polymer produced from its monomer, propylene, using a chain-growth polymerization process. PP is a polyolefin that is partially crystalline and non-polar. The two major types of PP available in the market are homopolymers and copolymers. Homopolymer is the most widely utilized, general-purpose PP grade. It contains only propylene monomer in a semi-crystalline solid form. PP copolymers are further divided into random copolymers and block copolymers produced by polymerizing propylene and ethylene. PP’s physical and mechanical properties can be optimized for a specific use by adding polymer additives such as clarifiers, flame retardants, glass fibers, minerals, conductive fillers, lubricants, pigments, and others, often in a separate compounding process.

Market Drivers and Major Players in the Global Polypropylene Market

Polypropylene is widely used in various applications, including food packaging, automotive, fibers and filaments, healthcare, and electronics. An increase in demand for lightweight materials in automobiles and food packaging is anticipated to drive the PP market in the future. PP resins are the fastest-growing category of commodity thermoplastic resins in the world surpassed only by polyethylene (the combination of LDPE, LLDPE, MWPE, and HDPE) in production volume. In 2019, global PP production grew to 85 million metric tons. Exhibit 1 shows the outlook for the global PP demand and supply through 2040.

Exhibit 1. Global PP demand and supply outlook in thousand tons per year

PP enjoys a robust growth outlook enabled by a wide range of market drivers and rapidly growing applications. Operational, technology, and application developments are impacting the global PP market with several regional variations. Asia Pacific and China are expected to be the fastest growing regional markets in terms of demand for PP going forward. With changing lifestyle and increasing purchasing power, especially in China and India, vehicle ownership is on the rise, which is positively influencing the PP market in these regions.

Global Polypropylene Market Assessment

ADI Chemical Market Resources (ADI CMR) has conducted a strategic analysis of current market dynamics and overview of industry growth drivers, with global and regional demand analysis. The report is based on thorough analysis of the industry through detailed interviews with all the major players including producers and end-users. The geographic focus of the market assessment is regions segmented into North America, South America, Europe, China, Rest of Asia, and the Middle East and Africa, and includes capacity addition plans announced globally. The report will benefit present and future PP market participants; PP producers and compounders; and individual end-users, entrepreneurs, and organizations attempting to understand the complex market and capture future growth.

Please fill this form and check your email for a link to download the prospectus. For a custom report on a topic of your choice or an updated version of an existing report, please contact us at +1 (281) 506-8234 or info@adi-cmr.com.