Polypropylene Market worth US$ 164 Billion by 2027
Global Polypropylene Market: Highlights
The global polypropylene market is projected to grow at a CAGR of more than 5.5%
between 2019 and 2027. The substantial growth from packaging and construction
industry is anticipated to drive global polypropylene market during the forecast
Polypropylene possesses beneficial properties such as high surface hardness, good
tensile strength, and strong chemical resistance. Hence, it is one of the most versatile
polymers used in packaging, automobile, construction, electrical & electronics, and
The largest buyers of polypropylene resins are plastic convertors or OEMs. However,
most polymer manufacturers are vertically integrated and captively consume
polypropylene for conversion into sheets, films, etc.
Increasing concern about adverse effects of plastics on the environment and volatile
raw material prices are likely to restrain growth of the polypropylene market.
Polypropylene manufacturers are shifting their focus toward biobased polypropylene
and are likely to provide significant opportunities by 2027.
Various grades available commercially for polypropylene include homopolymers,
block copolymers and random copolymers. Random copolymers have lower melting
point and offer more flexibility and optical clarity. Homopolymers are widely used
polymers especially for automobile parts, textiles, pipes, electrical appliances, etc.
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Global Polypropylene Market: Segmental Trends
In terms of volume, packaging was the largest and fastest-growing segment of the
global polypropylene market, accounting for more than 45% share in 2018.
Polypropylene has distinguished utilities in both flexible and rigid packaging due to
its ability to resist strong chemicals and high temperature. It has good barrier to
moisture, odors and gases. Hence, widely used on food packaging especia