Polypropylene Market Size to Worth Around USD 165.5 Bn by 2030
The global Polypropylene market is expected to grow at a CAGR of around 6.4% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 165.5 billion by 2030.
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Growth Factors
The growing aging population, increasing healthcare awareness, and the COVID-19 pandemic situation are some of the major factors driving the market for medical 3D printing plastics. The market is primarily driven by rising demand for face masks, head and shoe covers, surgical masks and gloves, personal protective gowns, and various other products in tackling the COVID-19 pandemic situation. Besides personal protective wearables, medical 3D printing plastics are widely used in the manufacturing of medical products, such as dental and bone implants, prosthetics, and various other medical devices.
Report Coverage
Report Scope | Details |
Market Size | USD 165.5 billion by 2030 |
Growth Rate | CAGR of 6.4% From 2021 to 2030 |
Base Year | 2021 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Type, Process, Application, End use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | 3D Systems, Inc.; Apium Additive Technologies GmbH; Arkema; DSM; ENVISIONTEC, INC.; Evonik Industries AG; SABIC; Solvay; Stratasys Ltd; Victrex plc. |
Report Highlights
Homopolymer led the market and dominated for 85.4% share of the global revenue in 2020. Rising application of homopolymer polypropylene in manufacturing of various components, such as orthotic and prosthetic devices, pump components, secondary containments, and storage tanks, for various end-use industries, such as healthcare, automotive, and construction, is expected to drive the segment over the forecast period.
Film and sheet segment led the market and dominated for nearly 33% share of the global revenue in 2020. Rising application of polypropylene in packaging materials, binders, boxes, and portfolios owing to its better chemical resistance, high temperature stability, excellent moisture barrier, high temperatures stability, excellent chemical resistance, and exceptional contact clarity is expected to propel the segment growth over the forecast period.
Packaging segment led the market and dominated for a 36.8% share of the global revenue in 2020. Product properties such as high flexibility and the ability to survive in extreme conditions are expected to drive the demand for polypropylene in the packaging segment.
Injection molding led the market and dominated for over 36% share of the global revenue in 2020. A wide range of applications of injection-molded polypropylene in various end-use markets, such as automotive, packaging, and electrical and electronics, owing to its excellent high impact strength, moisture resistance, and chemical resistance is expected to drive the demand for injection molded polypropylene products over the forecast period.
Asia Pacific dominated the market and dominated for over 48% share of the global revenue in 2020. Growing demand for polypropylene from the automotive and packaging sector, especially in countries such as India, China, and Japan, is expected to drive the market in the region. The presence of market leaders such as Formosa Plastics Group, China Petrochemical Corporation, LG Chem, and Sumitomo Chemical in the region is also expected to augment the demand for polypropylene in the region in the coming years.
North America captured a revenue share of over 16% in 2020. One of the major factors driving the market in the region is the increasing use of packaging in the food and beverage industry in countries, such as the U.S., Canada, and Mexico. In addition, the increasing number of R&D centers and rising consumer demand for lightweight automotive components and electronic products are propelling the demand in the region.
Key Players
- SABIC
- Exxon Mobil Corporation
- Lyondellbasell Industries Holdings B.V.,
- China Petrochemical Corporation
- BASF SE
- Eastman Chemical Company
- LG Chem
Market Segmentation
- Type
- Homopolymer
- Copolymer
- Process
- Injection Molding
- Blow Molding
- Extrusion
- Other
- Application
- Fiber
- Film and Sheet
- Raffia
- Other
- End-use
- Automotive
- Building & Construction
- Packaging
- Medical
- Electrical & Electronics
- Others
- Regional
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Central and South America
- Brazil
- Argentina
- Middle East and Africa
- Saudi Arabia
- UAE
- North America
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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 Polypropylene Market, By Type
7.1. Polypropylene Market, by Type, 2020-2030
7.1.1. Homopolymer
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Copolymer
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Polypropylene Market, By Process
8.1. Polypropylene Market, by Process, 2020-2030
8.1.1. Injection Molding
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Blow Molding
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Extrusion
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Other
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Polypropylene Market, By End User
9.1. Polypropylene Market, by End User, 2020-2030
9.1.1. Automotive
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Building & Construction
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Packaging
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Medical
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Electrical & Electronics
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Polypropylene Market, By Application
10.1. Polypropylene Market, by Application, 2020-2030
10.1.1. Fiber
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Film and Sheet
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Raffia
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Other
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Polypropylene Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.2. Market Revenue and Forecast, by Process (2017-2030)
11.1.3. Market Revenue and Forecast, by End User (2017-2030)
11.1.4. Market Revenue and Forecast, by Application (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Process (2017-2030)
11.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
11.1.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Process (2017-2030)
11.1.6.3. Market Revenue and Forecast, by End User (2017-2030)
11.1.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.2. Market Revenue and Forecast, by Process (2017-2030)
11.2.3. Market Revenue and Forecast, by End User (2017-2030)
11.2.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Process (2017-2030)
11.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
11.2.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Process (2017-2030)
11.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
11.2.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Process (2017-2030)
11.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
11.2.7.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Process (2017-2030)
11.2.8.3. Market Revenue and Forecast, by End User (2017-2030)
11.2.8.4. Market Revenue and Forecast, by Application (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.2. Market Revenue and Forecast, by Process (2017-2030)
11.3.3. Market Revenue and Forecast, by End User (2017-2030)
11.3.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Process (2017-2030)
11.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
11.3.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Process (2017-2030)
11.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
11.3.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Process (2017-2030)
11.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
11.3.7.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Process (2017-2030)
11.3.8.3. Market Revenue and Forecast, by End User (2017-2030)
11.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.2. Market Revenue and Forecast, by Process (2017-2030)
11.4.3. Market Revenue and Forecast, by End User (2017-2030)
11.4.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Process (2017-2030)
11.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
11.4.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Process (2017-2030)
11.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
11.4.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Process (2017-2030)
11.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
11.4.7.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Process (2017-2030)
11.4.8.3. Market Revenue and Forecast, by End User (2017-2030)
11.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.2. Market Revenue and Forecast, by Process (2017-2030)
11.5.3. Market Revenue and Forecast, by End User (2017-2030)
11.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Process (2017-2030)
11.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
11.5.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Process (2017-2030)
11.5.6.3. Market Revenue and Forecast, by End User (2017-2030)
11.5.6.4. Market Revenue and Forecast, by Application (2017-2030)
Chapter 12. Company Profiles
12.1. SABIC
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Exxon Mobil Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Lyondellbasell Industries Holdings B.V.,
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. China Petrochemical Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. BASF SE
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Eastman Chemical Company
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. LG Chem
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
Glossary of Terms
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