Polypropylene Market

2020 Analysis and Review: Polypropylene Tools Market by Product Grade – HP, RCP, ICP, TPO for 2020-2030

  • 2020-06-13
  • REP-GB-449
  • 33 Tables
  • 97 Figures
  • 250 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Polypropylene Market

This study offers a comprehensive, 360 degree analysis on the Polypropylene market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Polypropylene market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Polypropylene Market Outlook & Key Findings

  • The polypropylene market is anticipated to grow at a CAGR of 3.3% through 2030
  • Growing focus on energy efficiency and reduced carbon emissions will fuel demand for cleaner alternatives, such as polypropylene with at least 50% recycled material
  • Polypropylene having 45% - 65% ethylene content, also called as impact copolymers, will witness growing adoption in the manufacture of pipe applications, house ware, packaging and film
  • Copolymerization of polypropylene will pave way for highly intricate and robust engineering applications
  • East Asia (China, South Korea and Japan) alone accounted for 42% of global demand for polypropylene in 2019. FMI’s estimates suggest that demand for polypropylene surged by 60%-65% in China in first quarter of 2020, almost double of the country’s average demand

Polypropylene Market Size and Analysis

Global polypropylene demand reached 76 million metric tons in 2019, on the back of stable demand from end-use industries.

The packaging industry along with electrical & equipment manufacturing will remain the key end users accounting for 30% and 13% of polypropylene consumption respectively.

Being a thermoplastic material, polypropylene has been an exhaustive subject for research. One of its key attributes has been its ability to be heated to its melting point, cooled and re-heated without degradation in terms of quality. This allows polypropylene to be used in a number of injection molding applications and thereafter recycled.

Polypropylene’s Properties Make it a Key Standout Material

Polypropylene’s unique properties make it a stand-out material in industrial, automotive, packaging and household applications

  • Polypropylene is highly suitable for manufacturing of living hinges (lids of shampoo and ketchup bottles). Its ability to remain unbreakable in a 360 degree range of motion makes it efficacious in non-load bearing applications
  • Polypropylene’s chemical resistance makes it the plastic of choice for disinfectant containers, acidic liquids, and first-aid products
  • Polypropylene can be re-formed into plastic pellets for other products. Approximately 90%-95% of car batteries in the US alone are recycled to extract polypropylene

 ‘Sustainability’ and ‘Efficiency’ to Remain the Buzzwords in Polypropylene Market

The broader push for sustainable materials is having a palpable influence on the polypropylene industry.

For instance, sustainable plastic trays, once thought of as a niche for carbon-conscious demographic, are becoming more mainstream. 25% of the polypropylene used in these trays is now being replaced with wood fiber in an attempt to make these products stronger and lighter at significantly lower production costs.

Research in developing countries such as India has led to the development of indigenous, low-cost propylene swabs that are used for testing COVID-19 patients.

The swab used is a combination of a specialty polymer along with a rod made from polypropylene. These swabs, when commercially available, are estimated to cost one-third of the relatively expensive swabs used in Germany and Italy.

Low cost, transparent polypropylene bottles are also being used in the solar water disinfection technology. The polypropylene bottles were, as per a recent research, found to emit stable levels of UV transmission even after the longest ageing period of 9 months. Thus polypropylene for solar water disinfection technology is an excellent methodology for disinfection at a low cost of US$ 3 per unit.

Strong Demand for Polypropylene in China and India Make East Asia a Lucrative Market for Stakeholders

Led by strong demand in China and India, East Asia continues to account for a sizable pie of the global polypropylene market.

Demand for downstream derivatives of polypropylene has already ramped up in countries such as China in the first quarter of 2020. With the onset of the pandemic in China, the demand for face masks in the region witnessed a spurt in the first quarter of this year. Polypropylene is being used in the manufacture of breathable membranes and non-woven fabrics which are currently being used in masks.

Outside of East Asia, Europe remains a key market for participants in the polypropylene value chain. Approximately 70-75% of key manufacturers in Europe are using propane as a feedstock in propylene. Propylene is obtained from crude oil in the manufacturing of polypropylene.

The oil prices have been in disarray in the prevailing pandemic and this is likely to create mayhem in the European market in terms of supply, production and demand. Polypropylene demand is highest in UK on account of the introduction of new grades of resin which offer better clarity.

US polypropylene demand was pegged at nearly 7 million metric tonnes in 2018. With amped up competition between Tyson Foods, Nestle and PepsiCo, polypropylene demand from packaging, and food & beverage sector is likely to create significant opportunities for market players throughout the forecast period.

Polypropylene Pricing Analysis – Trading Picks Pace, Fears Surrounding Pricing Recede

With the severity of the pandemic lessening in many regions, market sentiment for polypropylene continues to improve. Consumers are showing lesser pessimism and more optimism as costs of polypropylene feedstock are set to return to baseline levels.

Demand for polypropylene exports has resumed and polypropylene processors have ramped up production especially in countries such as US.

Contract prices for polypropylene decreased heavily in the early part of the year settling at $0.02/lb. Since early May, the prices have remained steady with resumption in orders from buyers and sellers.

Polypropylene Market Manufacturers: How Innovations in 3D Printing and Circularity are Building Resilience

Lyondell Basel, Sinopec, Petrochina, Braskem and Borealis are the top 5 players in the polypropylene market, controlling nearly a quarter of the global production capacity. Further, the top 10 players account for nearly 30% share of the market by revenue.

Other players include BASF SE, Exxon Mobil Corporation, Lotte Chemical, LG Chem, Petro China Company Limited, Formosa Plastics Corporation, Japan Polypropylene Corporation, and Braskem. BASF and technology heavyweight HP are collaborating on a new polypropylene additive manufacturing material that will extensively be used in HP’s printers.

The new polypropylene is high on its reusability scale thus allowing manufacturers in the consumer, medical and manufacturing space to enhance their cost-efficiency and volumes. The collected debris powder can be 100% recycled.

Market players such as Borealis and Neste have announced their aim to establish a strategic co-operation to accelerate circularity and bio economy in plastics. This factor will enable Borealis to produce renewable polypropylene using Neste’s renewable propane.

Borealis’ propane dehydrogenation (PDH) and PP plant set-up in Kallo will enable the company to offer bio-based propylene and consequently bio-based-PP. Along with this, Borealis continues to apply a mass balance approach in its production at Kallo and Beringen to take a major step forward to provide both, renewable propylene and renewable polypropylene to its customers.

Impact of COVID-19 on Polypropylene Market

A slump in the demand for polypropylene has been observed due to a drastic slowdown witnessed in the construction and automotive sector where polypropylene is in high demand. Manufacturers in the polypropylene market landscape are seeing overflowing inventories thus leading to a pronounced gap in supply and demand.

Globally, plummeting oil prices have resulted in skewed market dynamics for propylene which is a key feedstock used in the manufacturing of polypropylene. Thus many oil companies owning major refineries are finding themselves at the helm of revoking key investments in the supply of propylene which will indirectly impact the polypropylene market.

Future Market Insights estimates that the polypropylene market will witness a BPS drop of 200-225 points in the year 2020 owing to the COVID-19 crisis. The month of June will see some level of rebound with easing of lockdowns and other mobility restrictions. However, overall demand will only ramp up by early 2021

On a Positive Note

There has certainly been a silver lining in the cloud amid the COVID-19 crisis. A substantial chunk of polypropylene production is now being diverted to the production of PPE and non-woven surgical masks. Hence demand for polypropylene has almost doubled with the material being used in face-shields, gloves, overalls, gowns, shoes and goggles.

Polypropylene fibers are being extensively used in N95 respiratory masks as a critical filter element. Towards this, the homo polymer (HP) grade of polypropylene has been found to be extremely efficacious in the non-woven applications of polypropylene

Report Metric Details
Base year considered 2019
Actual estimates/Historical data 2015 - 2019
Forecast period 2020 - 2030
Forecast CAGR 3.3%
Segments covered Product Grade, Application, Region
Regions covered North America, Latin America, Europe, East Asia, MEA, Oceania
Growth Driving
  • Growing focus on energy efficiency
  • Long-term focus towards sustainability
  • Upbeat sales in China & India
Key Players
  • BASF SE
  • SABIC
  • Exxon Mobil Corporation
  • Lotte Chemical
  • LG Chem
  • Petro China Company Limited
  • Rongsheng Petrochemical Co., Ltd
  • Formosa Plastics Corporation
  • Japan Polypropylene Corporation
  • Braskem
Report coverage Revenue forecast, company share, competitive landscape, growth factors, and trends

A recent market study published by FMI on the Polypropylene market includes global industry analysis 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters of the Polypropylene market, the growth prospects of the market are obtained with maximum precision.

Polypropylene Market: Taxonomy

The global Polypropylene market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product Type

  • HP
  • RCP
  • ICP
  • TPO

Application

  • BOPP Film
  • Raffia/Thermoforming
  • Fibres & Filaments
  • Spun Bond Non-woven
  • Melt Blown Non-woven
  • Injection Molding
  • Blow Molding
  • Cast & Water Quenched Film
  • Pipe & Sheet
  • Transparent TPO

Region

  • APEC
  • China
  • Europe
  • INS
  • Pakistan
  • Turkey
  • Vietnam
  • W-Africa
  • E-Africa
  • N-Africa
  • Bangladesh
  • CIS-R
  • N-AM
  • C-AM
  • EC-SAM
  • CS-SAM

Report Chapters

Chapter 01 – Executive Summary

The report begins with the executive summary of the Polypropylene market, which includes summary of key statistics and findings of the market. It also includes the supply and demand-side trends related to the Polypropylene market.

Chapter 02 – Market Taxonomy

Readers can find the definition and a detailed taxonomy of the Polypropylene market in this chapter, which will help them understand the basic information about the Polypropylene market. Along with this, comprehensive information pertaining to Polypropylene and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps readers to understand the scope of the Polypropylene market report.

Chapter 03 – Key Market Trends

The Polypropylene market report provides key market trends that are projected to considerably impact the market growth during the forecast period. Detailed industry trends are also offered in this section.

Chapter 04 – Key Success Factors

This section includes key success factors and strategies adopted by key market players.

Chapter 05 – Global Polypropylene Market Demand Analysis 2015-2019 and Forecast 2020-2030

This section explains the global market volume analysis and forecast for the Polypropylene market during the forecast period of 2020-2030. This chapter also includes a detailed analysis of the historical Polypropylene market.

Chapter 06 – Global Polypropylene Market Pricing Analysis

In this section, pricing analysis of the Polypropylene market by product type at regional level has been provided.

Chapter 07 – Global Polypropylene Market Demand (in Value or Size in US $ Mn) Analysis 2015-2019 and Forecast 2020-2030

This section explains the global market value analysis and forecast for the Polypropylene market during the forecast period of 2020-2030. This chapter provides a detailed analysis of the historical Polypropylene market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020–2030).

Chapter 08 – Market Background

This chapter explains the key macro-economic factors that are projected to influence the growth of the Polypropylene market during the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, forecast and relevance factors, and value chain analysis for the Polypropylene market. Moreover, in-depth information about the market dynamics and impact analysis on the market have been provided in the successive section.

Chapter 09 – Global Polypropylene Market Analysis 2015 – 2019 and Forecast 2020 – 2030, by Product Grade

 On the basis of product type, the Polypropylene market is segmented into HP, RCP, ICP, and TPO. In this chapter, readers can find information about the key trends and developments in the Polypropylene market and market attractiveness analysis based on the product grade

Chapter 10 – Global Polypropylene Market Analysis 2015 – 2019 and Forecast 2020 – 2030, By Application

 On the basis of application, the Polypropylene market is segmented into BOPP Film,   Raffia/Thermoforming, Fibres & Filaments, Spun Bond Non-Wovens, Melt Blown Non-Wovens,    Injection Molding, Blow Molding, Cast & Water Quenched Film, Pipe & Sheet and Transparent TPO. In this chapter, readers can find information about the key trends and developments in the Polypropylene market and market attractiveness analysis based on the Application

Chapter 11 – Global Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030  by Region

This chapter explains how the Polypropylene market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).

Chapter 12 – North America Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter includes a detailed analysis of the growth of the North America Polypropylene market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis and market growth based on the product type, application, process, biodegradability, and molecular weight in North America.

Chapter 13 – Latin America Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter provides the growth scenario of the Polypropylene market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Chapter 14 – Europe Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

Important growth prospects of the Polypropylene market based on its application in several countries such as Germany, Italy, the U.K., France, Spain, Russia, BENELUX, and the Rest of Europe are included in this chapter.

Chapter 15 – South Asia Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

India, Indonesia, Thailand, Malaysia and the Rest of South Asia are the prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia Polypropylene market. In this chapter, readers can find detailed information about the growth parameters of the South Asia Pacific Polypropylene market during the forecast period of 2020-2030.

Chapter 16 – East Asia Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter highlights the growth of the Polypropylene market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers to understand the key factors that are responsible for the growth of the Polypropylene market in East Asia

Chapter 17 – MEA Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter provides information about how the Polypropylene market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, Northern Africa, Turkey and the Rest of MEA, during the forecast period of 2020-2030

Chapter 18 – Oceania Polypropylene Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter provides information about how the Polypropylene market is anticipated to grow in major countries of the Oceania region such as Australia and New Zealand, during the forecast period of 2020-2030.

Chapter 19 – Polypropylene Market Analysis 2015-2019 and Forecast 2020-2030, Country Analysis

In this chapter, readers can find detailed information about the market share of the different countries considered in the Polypropylene market.

Chapter 20 – Market Structure Analysis

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the Polypropylene market, along with their market presence analysis by region and product portfolio.

Chapter 21 – Company Profiles

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the Polypropylene market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are LyondellBasell Industries N.V,   SABIC, Reliance Industries Ltd,   Petro China Company Limited,   Exxon Mobil Corporation,   Borealis AG,   Formosa Plastics Corporation,   Japan Polypropylene Corporation, Advanced Petrochemical Company, INEOS, China Petrochemical Corporation, LG Chem, Eastman Chemical Company, BASF SE, Braskem, Westlake Chemical Corporation, Lotte Chemical, Zhejiang Petrochemical

Chapter 22 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Polypropylene market report.

Chapter 23 – Research Methodology

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the Polypropylene market.

Sources and Primary Research Splits (%)

Industry Interactions

  • C - Level Executives
  • Marketing Directors
  • Product Managers
  • Business Development Officers
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Primary Interview Splits split by designation polypropylene market

References Catalogue

  • Industry Publications
  • Industry Associations
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits split by stakeholder polypropylene market

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