Global Polypropylene Market Outlook to 2026

Polypropylene, also called polypropene, is a thermoplastic polymer used in a wide variety of applications. It is produced from monomer propylene via chain-growth polymerization. Factor such as the increasing use of polypropylene in the automotive industry, growing urbanization along with rising disposable income & changing lifestyle in the emerging economies like Russia, Britain, China, etc. are driving the studied market. Moreover,high demand from growing end-use industries is some of the factors driving the market.The ongoing research and innovations in the manufacturing process of polypropyleneare expected to provide opportunities for further growth of the market in the forecast period.

North America is expected to drive the market owing to the increasing demand for polypropylene from countries like United States, Canada, and others. For instance, the United States polypropylene market is growing withthe increasing packaging in the food and beverage industry. Food production in the United States is concentrated between multinational giants, like PepsiCo, Nestle, Tyson Foods, and JBS USA. Packaging materials for food and beverage products have the potential demand in the country. Moreover, the electronics business in the nation is developing at a consistent rate too. Also, with organizations persistently putting resources into the nation's hardware industry, the market is likely to keep on developing, along these lines, expanding the utilization of polypropylene in the United States. Therefore, such positive growth from various industries is likely to increase polypropylene demand during the forecast period.

Ongoing growth in injection molding is expected to drive the market during the forecast period. Polypropylene is mainly used for injection molding and is mostly available for this application in the form of pellets. Injection molding technology is used in the production of various disposable consumer products, and high-precision engineering components that are utilized in medical devices (such as valves and syringes), housing appliances, consumer electronics, power tools, automotive dashboards, toothbrushes, car bumpers, open containers, fittings, and toys, among various other products. Therefore, the high growth of the automotive, chemical processing, and packaging industries across the world are expected to provide a favorable market scenario for injection molding.

In the year 2019, the global polypropylene market was found to bepartially fragmented. The major players of the market are China Petrochemical Corporation (Sinopec), Sumitomo Chemical Co. Ltd, Petronas Chemical Group, Mitsubishi Chemical Holdings Corporation, and Mitsui Chemicals Inc.

In June 2019, Braskem announced the construction completion of its newest polypropylene production facility in La Porte, Texas. The USD 675 million project begun commercial operations in the third quarter of 2020.

GlobalPolypropylene Marketreport provides deep insight into the current and future state of the Polypropylene market across various regions. The study comprehensively analyzes the Polypropylene market by segmenting based on geography, by product type (Homopolymer & Copolymer), by application (Consumer Goods, Packaging, Automotive, Electrical & Electronics, and Others). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.