Polypropylene - Global Market Trajectory & Analytics

Global Polypropylene Market to Reach $105.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Polypropylene estimated at US$80.2 Billion in the year 2020, is projected to reach a revised size of US$105.6 Billion by 2027, growing at a CAGR of 4% over the period 2020-2027. Homopolymer, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$66.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Copolymer segment is readjusted to a revised 3.6% CAGR for the next 7-year period.





The U.S. Market is Estimated at $21.6 Billion, While China is Forecast to Grow at 7.2% CAGR

The Polypropylene market in the U.S. is estimated at US$21.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.6 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Select Competitors (Total 85 Featured):

• BASF SE
• Brahmaputra Cracker and Polymer Limited (BCPL)
• Braskem SA
• China Petroleum & Chemical Corporation (SINOPEC)
• E. I. du Pont De Nemours and Company
• Eastman Chemical Company
• Exxon Mobil Corporation
• Formosa Plastics Group
• Haldia Petrochemicals Limited
• HPcl- Mittal Energy Ltd.
• Ineos Group AG
• LG Chem
• Lotte Chemical UK Ltd.
• LyondellBasell Industries NV
• Reliance Industries Ltd.
• SABIC (Saudi Basic Industries Corporation)
• SACO AEI Polymers
• Sumitomo Chemical Co., Ltd.
• Total SA
• Trinseo LLC
• Westlake Chemical Corporation