Polypropylene-Plastic Material and Resins Market Report 2025

This Polypropylene-Plastic Material and Resins market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The polypropylene-plastic material and resins market size has grown rapidly in recent years. It will grow from $154.08 billion in 2024 to $169.66 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to packaging industry, automotive sector, consumer goods, construction and building materials.

The polypropylene-plastic material and resins market size is expected to see strong growth in the next few years. It will grow to $241.55 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to sustainable and recyclable materials, renewable energy and electric vehicles, packaging innovation, advanced healthcare devices. Major trends in the forecast period include bio-based polypropylene, advanced additive manufacturing, high-performance formulations, smart materials.

The growth of the polypropylene market has been significantly boosted by the increasing demand for thermoplastic materials. Thermoplastic materials offer unique chemical properties, allowing them to be recycled and remolded without compromising their physical attributes. This versatility makes thermoplastics highly valuable in a broad spectrum of applications, ranging from clothing, packaging, and food to aerospace, military, and medical industries. According to data from the American Freedonia Group, the global Thermoplastic Elastomer (TPE) market exceeded $24 billion, with market demand reaching 6.7 million tons in 2019. It is projected to grow at an annual rate of 5.2% in the future. This escalating demand for thermoplastic materials has driven the polypropylene market.

The polypropylene-plastic material and resins market is anticipated to experience growth due to the rising demand in the automotive sector. The automotive industry encompasses various companies and organizations engaged in the development, production, and sale of motor vehicles. Polypropylene-plastic is used in the manufacturing of diverse interior components like dashboard panels, door trims, center consoles, and instrument panels. Its lightweight nature and adaptability for molding into intricate shapes make it an ideal choice for interior design in the automotive sector. For instance, in 2023, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international association of automobile manufacturers, the global automotive industry experienced notable growth, with total vehicle production reaching 93,546,599 units. This marked a significant increase from the 85,016,728 units produced in 2022. Hence, the surging demand in the automotive sector is a driving force behind the growth of the polypropylene-plastic material and resins market.

The polypropylene market is witnessing a rising adoption of eco-friendly polypropylene compounds due to stringent government regulations on recycling and environmental conservation. These compounds possess distinctive qualities that make them an attractive alternative in the automotive industry. For instance, Grand Siam Composites, a joint venture between SCG Chemicals, Mitsui Chemicals Inc., and Prime Polymer, has developed innovative technologies to produce high-quality, environmentally friendly products. GSC's polypropylene compounds are being used in the production of automobile components such as consoles, instrument panels, bumpers, door panels, and various accessories.

Key players in the polypropylene-plastic material and resins market are actively innovating in areas like polypropylene technologies to enhance their market competitiveness. Polypropylene (PP) technology encompasses processes, methods, and techniques related to polypropylene plastic production, processing, and modification. For instance, in November 2022, Lummus Technology LLC, a US-based petrochemical company, introduced NovolenPPure polypropylene (PP) technology. NovolenPPure technology is designed to provide improved performance attributes to meet the evolving needs of sectors like automotive, packaging, and healthcare. It offers enhancements in impact resistance, processability, chemical resistance, and mechanical properties.

In May 2024, Dow Inc., a US-based chemical company, collaborated with SCG Chemicals Public Company Limited, a Thailand-based chemical manufacturer specializing in polypropylene, plastic materials, and resins. This collaboration aims to establish a circularity partnership in the Asia Pacific region, with the goal of transforming 200 KTA (kilo-tonnes per annum) of plastic waste into circular products. The initiative will focus on advancing recycling technologies through both mechanical and advanced methods, with initial efforts in Thailand to create a robust material ecosystem for enhanced plastic waste management.

Polypropylene is a thermoplastic polymer manufactured through the chain-growth polymerization process of the monomer propylene. It finds applications in automotive fittings and industrial fibers due to its resilience, resistance to fatigue, and high resistance to most acids and alkalis.

Polypropylene is primarily available in two product types such as homopolymer and copolymer. A homopolymer shares similarity with polyethylene in that it comprises identical monomer units. Its applications span across areas such as fiber production, film and sheet manufacturing, raffia production, and various other uses. The end-use industries that rely on polypropylene include packaging, automotive, consumer products, electrical and electronics, as well as other related end-user sectors.

The polypropylene market research report is one of a series of new reports that provides polypropylene market statistics, including polypropylene industry global market size, regional shares, competitors with a polypropylene market share, detailed polypropylene market segments, market trends and opportunities, and any further data you may need to thrive in the polypropylene industry. This polypropylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the polypropylene-plastic material and resins market include LyondellBasell Industries Holdings BV, China Petroleum & Chemical Corporation, SABIC innovations Plastics US LLC, ExxonMobil Chemical Company, Braskem, PetroChina Company Limited, Reliance Industries Limited, Formosa Plastics Corporation, Borealis AG, Asahi Kasei Plastics North America Inc., Mitsui Chemicals Inc., DuPont de Nemours Inc., INEOS AG, TotalEnergies SE, Sumitomo Chemical co. Ltd., Dynachem & Co. Ltd., HMC Polymers Co. Ltd., Scott Bader Company Limited, Dow Chemical Company, BASF SE, Toray Industries Inc., Lotte Chemical Corporation, Covestro AG, Huntsman International LLC, Westlake Corporation, Eastman Chemical Company, Formosa Plastics Corporation USA, INEOS Olefins & Polymers USA LLC, Chevron Phillips Chemical Company LP, Trinseo LLC, Pinnacle Polymers LLC, Flint Hills Resources LLC.

Asia-Pacific was the largest region in the polypropylene market in 2024. North America was the second-largest region in the global polypropylene market. The regions covered in the polypropylene-plastic material and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the polypropylene-plastic material and resins market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The polypropylene market consists of the sales of block copolymers, and random copolymers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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