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Polypropylene - Global Market Trajectory & Analytics

  • ID: 338624
  • Report
  • May 2020
  • Region: Global
  • 424 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Polypropylene market worldwide will grow by a projected US$25.4 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 4%. Homopolymer, one of the segments analyzed and sized in this study, is forecast to grow at over 4.2% and reach a market size of US$66.9 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Homopolymer market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.6% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$630.3 Million to the region's size over the next 7 to 8 years. In addition, over US$641.5 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Homopolymer segment will reach a market size of US$3.3 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Polypropylene market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 7.6% over the next couple of years and add approximately US$8 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Polypropylene market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

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.
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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
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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.
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