Modified Polypropylene Market Size & Share Report, 2022-2030

The global Modified Polypropylene market size is expected to be worth around US$ 60.35 billion by 2030, according to a new report by Vision Research Reports.

The global Modified Polypropylene market size was valued at US$ 36.12 billion in 2020 and is anticipated to grow at a CAGR of 6.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 60.35 Billion by 2030
Growth Rate CAGR of 6.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned LG Chem; LyondellBasell Industries Holdings B.V.; SABIC; Kingfa Sci. & Tech Co., Ltd.; PetroChina Company Limited; PolyPacific; Arkema; JIANGYIN EXCEN; China XD Plastics Co., Ltd.; Covestro AG

Growth Factors

 The growth of the market is attributed to the use of modified polypropylene in the automotive, electrical and electronics, packaging, medical, building and construction, and other industries. The automotive industry has witnessed growth due to technological advancements, rising disposable income, and population shift towards electric vehicles. In addition, the growing demand for materials as a replacement for metals to reduce weight is propelling the demand for modified polypropylene in the automotive, electrical and electronics, building and construction, and other industries.

The COVID-19 drove a shift to remote working and increased voice traffic, residential broadband, and mobile data. The telecom industry responded favorably to this challenge with several operational improvements to ensure the user experience stayed positive. The growth of the telecommunication industry is expected to drive the demand for modified polypropylene as an insulation material in electrical and electronics applications.

By Application Analysis

The automotive application segment dominated the market and accounted for a revenue share of more than 65.0% in 2020. The automotive industry encourages designers and engineers to deliver energy-efficient vehicles due to the declining oil and gas reserves.

Modified polypropylene exhibits softness, high clarity, chemical resistance, and good processability, which is expected to grow the demand for modified polypropylene in packaging applications. Increased health awareness, changing lifestyle, and convenience of consumption have driven the market for packaged food.

Modified polypropylene is used in building and construction applications due to its ability to endure weather conditions. It is used in manufacturing pipes for plumbing in building structures and water barrier membranes for roofing solutions.

By Regional Analysis

China dominated the market for modified polypropylene and accounted for a revenue share of over 20.0% in 2020. China has established automotive and electrical and electronics sectors.

The growing demand from the e-commerce and logistics industry for commercial vehicles is one of the major factors driving the automotive industry in North America.

Rising investments in the development of the healthcare industry in East Europe are expected to drive the demand for modified polypropylene due to its broad range of applications in manufacturing IV bags, tubing, syringes, and other medical equipment.

Key Players

  • LG Chem
  • SABIC
  • LyondellBasell Industries Holdings B.V.
  • Kingfa Sci. & Tech Co., Ltd.
  • PetroChina Company Limited
  • PolyPacific
  • Arkema
  • JIANGYIN EXCEN
  • China XD Plastics Co., Ltd.
  • Covestro AG

Market Segmentation

  • By Application
    • Automotive
    • Building & Construction
    • Packaging
    • Medical
    • Electrical & Electronics
    • Others
  • Regional
    • North America
    • South America
    • West Europe
    • East Europe
    • China
    • Asia Pacific
    • Northeast Asia
    • Southeast Asia
    • Middle East
    • Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Modified Polypropylene Market, By Application

7.1.  Modified Polypropylene Market, by Application, 2021-2030

7.1.1.    Automotive

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Building & Construction

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Packaging

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Medical

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Electrical & Electronics

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Modified Polypropylene Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  LG Chem

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  SABIC

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  LyondellBasell Industries Holdings B.V.

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Kingfa Sci. & Tech Co., Ltd.

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  PetroChina Company Limited

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  PolyPacific

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Arkema

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  JIANGYIN EXCEN

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

9.9.  China XD Plastics Co., Ltd.

9.9.1.    Company Overview

9.9.2.    Product Offerings

9.9.3.    Financial Performance

9.9.4.    Recent Initiatives

9.10.              Covestro AG

9.10.1.  Company Overview

9.10.2.  Product Offerings

9.10.3.  Financial Performance

9.10.4.  Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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