Polypropylene Global Market Report 2020
February 2020
200
About the Report
About the Report
The polypropylene market consists of sale of polypropylene and related services. Polypropylene is a thermoplastic polymer produced by chain-growth polymerization of the monomer propylene and is used in automotive fittings and industrial fibers. It is resilient and resistant to fatigue and highly resistant to most acids and alkalis.
The global polypropylene market was worth USD 126.03 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 12% and reach USD 192.33 billion by 2023.
The polypropylene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The Asia-Pacific polypropylene market was largest in 2018. It is expected to grow at a compound annual growth rate (CAGR) of 4.10%.
The polypropylene market covered in this report is segmented by type into homopolymer, copolymer. It is also segmented by end-use industry into packaging, automotive, consumer products, electrical and electronics, other end-use industry
Rising demand for thermoplastic materials contributed to the growth of the polypropylene market. Due to its unique chemical properties, thermoplastic materials can be recycled and remolded without affecting its physical properties. Thus, making thermoplastic materials much useful in many applications such as clothing, packaging, food and beverages. Additionally, they are also used in heavy duty applications such as aerospace, military and medical industries. For instance, in 2017, according to 'AZO Materials', the demand for thermoplastic materials has increased globally with more than 100 million tons of thermoplastic materials being used in various applications. The rising demand for thermoplastic materials increased the demand for polypropylene market thereby driving the market.
Variations in the prices of raw materials such as crude oil prices have always been a major challenge in the polypropylene market. Fluctuating crude oil prices increases the operating expense affecting the bottom line of manufacturing companies in this market. For instance, in 2018, according to the 'Business Standard', polypropylene became costlier by 4.6% due to rising oil prices. Crude oil is the main source of petrochemicals as plastics are produced primarily from petroleum products and therefore crude oil prices are one of the key factors affecting plastic costs, making them very volatile. Volatile prices thereby have a negative impact on the polypropylene market, affecting the market's growth.
Eco-friendly polypropylene compounds are increasingly being used due to strict rules and regulations of government over recycling and environment protection. The polypropylene compounds possess unique qualities, making it more favorable and an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitusui Chemicals Inc., and Prime Polymer, has developed new technologies and inventions to produce high quality products that are environment friendly. With those advancements, GSC's polypropylene compounds are producing high quality automobile parts such as consoles, instrument panels, bumpers, door panels and various accessories.
In March 2018, Plastiche SA, a Belgium-based specialty chemical products company, controlled by Roussis family holdings acquired Bamberger Polymers Corp., for an undisclosed amount. This acquisition is a natural extension to holdings of Roussis family, but Bamberger will continue to operate independently. Bamberger Polymers Corp. is a USA-based plastics manufacturing company and specializes in products including polypropylene.
Major players in the market are Lyondellbasell, Sinopec, Sabic, Exxon Mobil, Braskem, PetroChina, Reliance Industries, Formosa Plastics, Borealis, Asahi Kasei Plastics.
Products
Products
1) By Product Type: Homopolymer; Copolymer; 2) By End Use Industry: Packaging; Automotive; Consumer Products; Electrical and Electronics; Other End-user Industry
Companies
Lyondellbasell
Sinopec
Sabic
Exxon Mobil
Braskem
PetroChina
Reliance Industries
Formosa Plastics
Borealis;
Asahi Kasei Plastics
Mitsui Chemicals
Dupont
INEOS
Total S.A.,
China Petrochemical Corporation
LG Chem
Sumitomo Chemical
Dynachem Co. Ltd.
E.I. du Pont de Nemours
HMC Polymers Co., Ltd
K Polymers, Inc.
Scott Bader Company Limited
The Dow Chemical Company
BASF SE;
Toray Industries, Inc.
Reliance Industries Limited
Lotte Chemical UK Ltd.
Table of Contents
Table of Contents
1. Executive Summary
2. Polypropylene (PP) Market Characteristics
3. Polypropylene (PP) Market Size And Growth
3.1. Global Polypropylene (PP) Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Polypropylene (PP) Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Polypropylene (PP) Market Segmentation
4.1. Global Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Homopolymer
Copolymer
4.2. Global Polypropylene (PP) Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Packaging
Automotive
Consumer Products
Electrical and Electronics
Other End-user Industry
5. Polypropylene (PP) Market Regional And Country Analysis
5.1. Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Polypropylene (PP) Market
6.1. Asia-Pacific Polypropylene (PP) Market Overview
6.2. Asia-Pacific Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Polypropylene (PP) Market
7.1. China Polypropylene (PP) Market Overview
7.2. China Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Polypropylene (PP) Market
8.1. India Polypropylene (PP) Market Overview
8.2. India Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Polypropylene (PP) Market
9.1. Japan Polypropylene (PP) Market Overview
9.2. Japan Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Polypropylene (PP) Market
10.1. Australia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Polypropylene (PP) Market
11.1. Indonesia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Polypropylene (PP) Market
12.1. South Korea Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Polypropylene (PP) Market
13.1. Western Europe Polypropylene (PP) Market Overview
13.2. Western Europe Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Polypropylene (PP) Market
14.1. UK Polypropylene (PP) Market Overview
14.2. UK Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Polypropylene (PP) Market
15.1. Germany Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Polypropylene (PP) Market
16.3. France Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Polypropylene (PP) Market
17.1. Eastern Europe Polypropylene (PP) Market Overview
17.2. Eastern Europe Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Polypropylene (PP) Market
18.1. Russia Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Polypropylene (PP) Market
19.1. North America Polypropylene (PP) Market Overview
19.2. North America Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Polypropylene (PP) Market
20.1. USA Polypropylene (PP) Market Overview
20.2. USA Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Polypropylene (PP) Market
21.1. South America Polypropylene (PP) Market Overview
21.2. South America Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Polypropylene (PP) Market
22.1. Brazil Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Polypropylene (PP) Market
23.1. Middle East Polypropylene (PP) Market Overview
23.2. Middle East Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Polypropylene (PP) Market
24.1. Africa Polypropylene (PP) Market Overview
24.2. Africa Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Polypropylene (PP) Market Competitive Landscape And Company Profiles
25.1. Polypropylene (PP) Market Competitive Landscape
25.2. Polypropylene (PP) Market Company Profiles
25.2.1. Lyondellbasell
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Sinopec
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Sabic
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Exxon Mobil
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Braskem
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Polypropylene (PP) Market
27. Polypropylene (PP) Market Trends And Strategies
28. Polypropylene (PP) Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Polypropylene (PP) Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Lyondellbasell Financial Performance
Figure 27: Sinopec Financial Performance
Figure 28: Sabic Financial Performance
Figure 29: Exxon Mobil Financial Performance
Figure 30: Braskem Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Polypropylene (PP) Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Polypropylene (PP) Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Polypropylene (PP) Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Polypropylene (PP) Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Lyondellbasell Financial Performance
Table 27: Sinopec Financial Performance
Table 28: Sabic Financial Performance
Table 29: Exxon Mobil Financial Performance
Table 30: Braskem Financial Performance
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