According to TechSci Research report, “Polypropylene Market –Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Polypropylene Market is valued at USD125.80 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.13% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
The utilization of polypropylene in the construction industry has emerged as a significant driver of the global polypropylene market. From reinforcing concrete to providing insulation, polypropylene is revolutionizing the construction landscape and propelling the growth of the global polypropylene market. Polypropylene fibers, also known as synthetic macro fibers, are utilized as reinforcement in concrete and other construction materials. These fibers enhance the durability and strength of concrete, reducing the likelihood of cracks and enhancing the overall structural integrity of buildings.
The incorporation of polypropylene fibers minimizes shrinkage and provides resistance to impact, making it particularly suitable for industrial floors, pavements, and precast elements.
Moreover, polypropylene membranes and coatings are employed as effective waterproofing solutions in various construction applications. These materials create a reliable barrier that prevents water penetration, protecting structures from moisture-related damage. Polypropylene waterproofing membranes are commonly utilized in basements, underground structures, and roofing systems. Additionally, the use of polypropylene-based materials benefits modular construction elements, temporary structures, and easily transportable components. These lightweight materials reduce construction time, transportation costs, and the need for heavy machinery.
Browse over XX market data Figures and spread through 110 Pages and an in-depth TOC on “Global Polypropylene Market.”
The increasing focus on R&D activities is driving the polypropylene market by promoting innovation, sustainability, and improved material performance. Researchers are actively exploring methods to produce bio-based polypropylene from renewable feedstocks, thereby reducing reliance on fossil fuels. Additionally, R&D efforts are facilitating the development of recycling technologies that convert post-consumer and post-industrial polypropylene waste into high-quality resins, fostering a circular economy and minimizing environmental impact. Governments worldwide acknowledge the strategic significance of the polypropylene industry and have implemented various initiatives to support its production.
Environmental concerns have prompted governments to enforce regulations that promote sustainable practices in the polypropylene sector. Initiatives that encourage recycling and circular economy principles incentivize manufacturers to develop recycling technologies, incorporate recycled polypropylene in their products, and mitigate the environmental impact of plastic waste. Efficient logistics play a crucial role in the success of the polypropylene industry, leading governments to invest in transportation infrastructure, such as ports, roads, and rail networks, to facilitate the movement of raw materials, intermediate products, and finished goods within and across borders.
Collaborations and partnerships play a crucial role in driving the global expansion of the polypropylene market. International partnerships among producers, distributors, and traders facilitate the seamless movement of polypropylene products across borders.
The Global Polypropylene Market segmentation is based on Type, Application, End-Use Industry, By Company, and Region
Joint ventures and alliances provide companies with opportunities to enter new markets, navigate regulatory landscapes, and cater to diverse customer preferences, ensuring adaptability and success. A recent collaboration based on polypropylene involves Milliken and PureCycle.
They have advanced circularity by launching a new concentrate using recycled polypropylene (PP) resin. Milliken has also joined the Polypropylene Recycling Coalition, which aims to improve and increase the recycling of plastic packaging in the United States. Another collaboration involves Borealis, which showcased a new PP mono-material pouch that is fully compatible with the mechanical recycling of polypropylene at PRSE 2023. Braskem has expanded its circular polymer portfolio with new FDA post-consumer recycled (PCR) polypropylene grades. Berry Global has recognized the upgraded recycling status of polypropylene rigid containers to “Widely Recycled,” promoting increased polypropylene plastic recycling.
However, fluctuations in the price of raw materials and disruptions in the supply chain are expected to slow down the growth of the market in the coming years.
Some of the major companies operating in the Global Polypropylene Market include:
- SABIC
- Exxon Mobil Corporation
- Borealis AG
- BASF SE
- INEOS Group
- Reliance Industries Limited
- LG Chem
- LyondellBasell Industries Holdings B.V.
- Mitsubishi Chemical Corporation
- Lotte Chemical Corporation
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“Certain regions, particularly the Asia Pacific, are projected to exert significant demand for polypropylene worldwide. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their polypropylene productivity each year, are expected to contribute to a remarkable growth of the Global Polypropylene Market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Global Polypropylene Market, By Type (Homopolymer, Copolymer and Others), By Application (Injection Moulding, Fiber & Raffia, Film & Sheet, Blow Moulding and Others), By End-Use Industry (Packaging, Automotive, Build & Construction, Medical, Electrical & Electronics, and Others), Competition, Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Polypropylene Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Polypropylene Market.
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Table of Content-Polypropylene Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
- Voice of Customers
- Global Polypropylene Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type (Homopolymer, Copolymer and Others)
5.2.2. By Application (Injection Moulding, Fiber & Raffia, Film & Sheet, Blow Moulding and Others)
5.2.3. By End-Use Industry (Packaging, Automotive, Build & Construction, Medical, Electrical & Electronics, and Others)
5.2.4. By Region
5.2.5. By Company (2022)
5.3. Market Map
- North America Polypropylene Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Application
6.2.3. By End-Use Industry
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Polypropylene Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value & Volume
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Application
6.3.1.2.3. By End-Use Industry
6.3.2. Mexico Polypropylene Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value & Volume
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Application
6.3.2.2.3. By End-Use Industry
6.3.3. Canada Polypropylene Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value & Volume
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Application
6.3.3.2.3. By End-Use Industry