1 of 3
Global Polypropylene Market to Reach US$105.6 Billion by the Year 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 grow at a 4.2% CAGR to 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. This segment currently accounts for a 37.6% share of the global Polypropylene market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 7.2% CAGR for the Period of 2020-2027
The Polypropylene market in the U. S. is estimated at US$21.6 Billion in the year 2020. The country currently accounts for a 26.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$22.6 Billion in the year 2027 trailing a CAGR of 7.2% through 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 while Rest of European market (as defined in the study) will reach US$22.6 Billion by the year 2027.The publisher brings years of research experience to this 18th edition of our report. The 424-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
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 grow at a 4.2% CAGR to 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. This segment currently accounts for a 37.6% share of the global Polypropylene market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 7.2% CAGR for the Period of 2020-2027
The Polypropylene market in the U. S. is estimated at US$21.6 Billion in the year 2020. The country currently accounts for a 26.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$22.6 Billion in the year 2027 trailing a CAGR of 7.2% through 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 while Rest of European market (as defined in the study) will reach US$22.6 Billion by the year 2027.The publisher brings years of research experience to this 18th edition of our report. The 424-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- 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
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Polypropylene Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Polypropylene Market Share (in %) by Company: 2019 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European Polypropylene Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
Total Companies Profiled: 85
Note: Product cover images may vary from those shown
3 of 3
LOADING...
4 of 3
The study states that the Polypropylene industry is witnessing emergence of new PP companies, and the change of ownership of the existing players. Most of the new players are private owned companies that are headquartered in the Middle East, particularly in Saudi Arabia. Global capacity utilization rate is expected to be as high as 80%. Large numbers of PP plants owned by the major players are recording 100% capacity utilization rates, with their entire stocks being sold out. Europe and the US are demonstrating impressive capacity utilizations. Increasing numbers of industry players are expanding their production capacities to meet the augmenting demand for PP resin. However, on the other hand, as the demand for propylene is outstripping gasoline demand, supply of propylene monomer is becoming tighter by the day. Nevertheless, plans are underway to start on-purpose production of propylene in future. China continues to be the significant importer of polypropylene and drive the market for PP along with India. Global demand for PP is expected to increase steadily in the near future, making the resin a leading segment in the total polyolefins market. The growth can be tied up to the increasing applications in food packaging and auto component markets.
© Global Industry Analysts, Inc., USA.
© Global Industry Analysts, Inc., USA.
Note: Product cover images may vary from those shown
