Prismane

Global Polypropylene (PP) Market Demand & Forecast Analysis, 2016-2032

PP is produced by the polymerization of propylene monomer, a type of hydrocarbon. The resulting polymer has a high melting point, good chemical resistance, and good electrical insulation properties. It is also resistant to fatigue and stress cracking, making it an excellent choice for products that undergo repeated use and stress. PP is a kind of thermoplastic polymer which is widely used in a wide range of applications, including automotive parts, packaging, textiles, and consumer goods. PP is a relatively low-cost material that is lightweight, strong, and durable, making it a material of choice for many industrial and consumer products.

PP is used in a wide range of applications because of its versatility and properties. Some common uses include:
Packaging: PP is used in various packaging applications, such as food containers, bottles, and caps. It is also used in the production of films and bags for packaging products.
Textiles: PP is used for producing textiles, such as carpets, upholstery, and geotextiles. It is lightweight, strong, and resistant to moisture and mildew.
Automotive parts: PP is used in the production of automotive parts, such as dashboards, interior trims, and door panels. It is lightweight and has good impact resistance, making it an excellent choice for these applications.
Consumer goods: PP is used in the production of a variety of consumer goods, such as toys, luggage, and housewares. It is durable, easy to clean, and resistant to staining and odours.

The major factors driving the growth of the polypropylene market include the increasing demand from end-use industries such as packaging, automotive, and construction, as well as the growing demand for lightweight and eco-friendly materials. Technological advancements and the development of new and advanced polypropylene grades are also driving the growth of the polypropylene market. Asia-Pacific is currently the largest polypropylene market, followed by North America and Europe. The polypropylene market in Asia-Pacific is being driven by the growing demand from the packaging and automotive industries, as well as the increasing adoption of polypropylene in the construction industry. The polypropylene market in North America is being driven by the growing demand for polypropylene in the automotive and packaging industries.

Global polypropylene market has witnessed large number of expansions during the historical years. Increasing demand for polypropylene from automotive applications is driving the expansion of capacity globally. New developments in EV sector as well as recycling of plastics is also creating opportunities for growth of polypropylene market globally. The global polypropylene market is highly competitive, with several key players operating in the market, such as LyondellBasell Industries Holdings B.V., SABIC, ExxonMobil Corporation, Braskem S.A., and Total S.A. These companies are primarily focused on expanding their product portfolios, increasing their production capacities, and developing new technologies to stay competitive in the polypropylene market.


Recent Developments in PP market
Stavian Quang Yen Petrochemical Plant is planning to build a PP plant in Bac Tien Phong Industrial Zone, located in Quang Yen Town, Vietnam. This project will require an investment of around $1.5 billion and aims to produce around 600 kilo tons of PP. The most advanced technologies have been selected to produce polypropylene, with Honeywell and LyondellBasell being included for technology assessment. The 600 kilo tons plant is expected to commence operation by end of 2026.

In February 2022, Borouge, a joint venture between Abu Dhabi National Oil Co. and Borealis has successfully commissioned and started its new fifth PP unit in Ruwais, UAE. The addition of the new unit will significantly enhance the UAE s production capacity of PP, enabling it to effectively address the growing global demand from various sectors such as recyclable advanced packaging, infrastructure development, and other industrial domains. The new unit will deliver 480 kilo tons of PP effectively increasing the company s annual production capacity to 2,2400 kilo tons and raising the overall polymer capacity of polyolefins by 11% to 5,000 kilo tons per year.

In November 2022, Tabriz Petrochemical Company (TPC) launched a 30 kilo tons polypropylene unit with an investment of $20 million, which will boost the company’s share in the global polymer market.

In November 2022, the Kazakhstan Petrochemical Industries completed the construction of 500 kilo tons of polypropylene production facility in Atyrau, Kazakhstan. Lummus Technology has provided the Catofin and Novolen technology for production of polymer grade propylene.

In December 2022, ExxonMobil successfully completed the expansion of PP at its facility in Baton Rouge, Louisiana. The company invested around $500 million in 2019 to increase the production capacity by 450 kilo tons. The polypropylene capacity expansion will help company to meet the growing demand for high-performance, lightweight, and durable plastics.

Scope of Report 

The Polypropylenereport describes the global Polypropylene market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by End Use Industries
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  PP Market data in terms of volume and value for each end-use 
   at regional and country level
•  PP Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  End Use Industries
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Packaging
      •  Electrical & Electronics
      •  Automotive
      •  Consumer Goods
      •  Construction
      •  Others
5.  Plants & Projects Analysis
      •  Polypropylene Production Capacity, by Company
      •  Polypropylene Production Capacity, by Country and by region
      •  Capacity Overview, By Technology
6.  Introduction to Polypropylene and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Polypropylene Demand-Supply Analysis, By End Use Industries (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Polypropylene Market, By End Use Industries 
          -  Packaging
                -  Flexible
                -  Rigid
          -  Electrical & Electronics
          -  Automotive
          -  Consumer Goods
          -  Construction
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Polypropylene Market, By End Use Industries
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by End Use Industries, has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the End Use Industries to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
10.  Pricing Analysis
      •  Average Polypropylene Prices, USD/Kg
      •  Average Polypropylene prices, by Country 
      •  Average Polypropylene prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
      •  Polypropylene Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             -  Reliance Industries Limited
             -  SABIC
             -  Sinopec Group
             -  LyondellBasell
             -  Braskem Group
             -  Petrochina Group
             -  Formosa Group
             -  LG Chem
             -  ExxonMobil
             -  Sumitomo Chemical
             -  Total S.A.
             -  BASF
             -  Eastman Chemical Company
             -  Braskem
             -  Lotte Chemical
             -  HPCL- Mittal Energy Limited
             -  Haldia Petrochemical Limited
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The Polypropylenereport describes the global Polypropylene market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by End Use Industries
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  PP Market data in terms of volume and value for each end-use 
   at regional and country level
•  PP Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment