Global Polypropylene Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Polypropylene Market Overview

“The global Polypropylene market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers in-depth insights, revenue details, and other vital information regarding the global polypropylene market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The report offers insightful and detailed information regarding the various key players operating in the global polypropylene market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global polypropylene market report has been segmented on the basis of end-use industry, and region.

Polypropylene (PP) is also known as polypropene. Polypropylene is a high molecular weight, thermoplastic hydrocarbon polymer, which can be formed by catalytic polymerization of propylene.

PP can be characterized as a semi-rigid and translucent material that offers exceptional chemical and electrical resistance at high temperatures. Also, PP is considered a versatile product that can be used in various end-use industries, such as automobiles, carpeting, the manufacture of laboratory equipment, etc.

Rising demand for polypropylene from various end-use industries, especially the food packaging and automobile industries, is a key factor driving the growth of the global polypropylene market.

In addition, the easy availability of polypropylene, and high demand for other types of plastics that do not contain Bisphenol A (BPA) – an endocrine disruptor that can lead to various health problems such as diabetes, heart diseases, etc. – are other factors expected to fuel the growth of the global polypropylene market over the forecast period.

However, fluctuating propylene prices are a major factor restraining the growth of the global polypropylene market. Additionally, stringent environmental regulations on the disposal of plastics, and the availability of alternatives are other factors expected to hamper the growth of the global polypropylene market over the forecast period.

The manufacture of cost-effective bio-based polypropylene is expected to create a major opportunity for players to expand their market presence and revenue share.

Currently, the market in the Asia Pacific dominates the global polypropylene market in revenue terms owing to the high adoption of polypropylene in various end-use industries and the high presence of prominent international players in emerging economies such as China, South Korea, and Japan.

The market in Europe accounted for the second-highest revenue share in the global polypropylene market, followed by markets in North America, Latin America, and the Middle East & Africa respectively.

Global Polypropylene Market Segmentation:

Global polypropylene market segmentation by end-use industry:

• Packaging
• Automotive
• Building & Construction
• Electrical & Electronics
• Medical

Global polypropylene market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa