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Published Date: 2015-08-26Number of Pages: 129

Polypropylene Market for Packaging, Automotive, Consumer Products, Electrical & Electronics, Construction and Other End-user Industries - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

 

Polypropylene is a thermoplastic polymer that can be readily formed by catalytic polymerization of propylene. Manufacture of polypropylene is largely dependent on the availability of raw materials. This, in turn, is dependent on crude oil and natural gas reserves. Polypropylene possesses beneficial properties such as high surface hardness, good tensile strength, and strong chemical resistance. As a result, it has gradually replaced other polyolefins in several applications. It is one of the most versatile polymers used in packaging, automobile, construction, electrical & electronics, and medical industries. Rising demand for polypropylene in the packaging industry is likely to augment the global polypropylene market in the next few years. Additionally, rising demand for lightweight vehicles is expected to drive growth of the polypropylene market during the forecast period. However, growing environmental issues and volatile raw material prices are projected to hamper growth of the market during the forecast period. Biobased polypropylene is likely to offer immense opportunities to polypropylene manufacturers from 2015 to 2023.

 

This report provides detailed analysis of the global polypropylene market in terms of volume (kilo tons) and revenue (US$ Mn) from 2014 to 2023. The market has been forecast for the period between 2015 and 2023, considering 2014 as the base year. The study also comprises drivers and restraints of the market and upcoming opportunities during the forecast period. The report offers detailed value chain analysis in order to measure value addition at each stage of the polypropylene value chain right from raw material suppliers to end-users. The report comprehends market attractiveness analysis and company market share analysis in order to provide a complete view of the market. The report analyzes the overall competition in the market through Porter’s Five Forces Model to study the impact of buyers, suppliers, new entrants, degree of competition, and substitutes. The report includes global average price trend analysis of polypropylene from 2014 to 2023.

 

The polypropylene market has been segmented on the basis of end-use industries, i.e., packaging, automotive, consumer products, electrical & electronics, construction, and others. Key regions considered in the report include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Each of these regions has been further analyzed on country level based on end-use demand for polypropylene from 2014 to 2023. The market numbers in the report have been derived based on demand for raw polypropylene in various end-user industries across all regions.

 

Secondary research sources referred for the study include company annual reports, investor presentations, safety data sheets, product description sheets, and SEC filings. In-depth interviews and discussions with a wide range of key industry participants and opinion leaders were conducted to compile this research report. Primary research represents bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. Major sources referred for this study include ICIS, FDA, Platts Magazine, Scottish Plastics and Rubber Association, and Plastemart Magazine. These helped validate and strengthen secondary research findings. Primary research further developed the analysis team’s expertise and market understanding. Top-down and bottom-up approaches were used to estimate the global polypropylene market from 2014 to 2023. The report also offers key primary findings of the global polypropylene market shared by key industry participants.

 

The report comprises profiles of key players operating in the global polypropylene market. These profiles include company details, business overview, product portfolio, key competitors, business strategies, and recent developments such as acquisitions, mergers, expansion, or product launch. Key companies include BASF SE, Braskem, Borealis AG, Sinopec, Formosa Plastics Corporation, Exxon Mobil Corporation, Reliance Industries Limited, Total S.A., SABIC, INEOS Group Holdings, Japan Polypropylene Corporation, PetroChina Company Limited, and LyondellBasell Industries N.V.

The report segments the global polypropylene market as follows:

  • Polypropylene Market - End-user Analysis
    • Packaging
    • Automotive
    • Consumer products
    • Electrical & electronics
    • Construction
    • Others (Including medical, agriculture, furniture, etc.)
  • Polypropylene Market - Regional Analysis
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • France
      • U.K.
      • Spain
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • South Africa
      • Rest of Middle East & Africa

 

Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Scope and Assumptions

1.4 Research Methodology

 

Chapter 2 Executive Summary

2.1 Global Polypropylene Market, 2014 - 2023, (Kilo Tons) (US$ Mn)

2.2 Global Polypropylene Market Snapshot, 2014 & 2023 

 

Chapter 3 Polypropylene Market – Industry Analysis

3.1 Introduction

3.2 Value Chain Analysis

3.3 Market Drivers

      3.3.1 Growing Demand for Plastic Packaging in Food & Beverages Application is Expected to Augment Global Polypropylene Market

      3.3.2 Rising Demand for Light Weight Vehicles is Projected to Boost Polypropylene Demand During the Forecast Period 

3.4 Restraints

      3.4.1 Growing Environmental Concerns for Usage of Plastics

      3.4.2 Volatility in Raw Material Prices

3.5 Opportunity

      3.5.1 Shift Towards Development of Biobased Polypropylene 

3.6 Porter’s Five Forces Analysis

      3.6.1 Bargaining Power of Suppliers

      3.6.2 Bargaining Power of Buyers

      3.6.3 Threat of New Entrants      

      3.6.4 Threat of Substitutes

      3.6.5 Degree of Competition

3.7 Polypropylene: Market Attractiveness Analysis

3.8 Polypropylene: Company Market Share Analysis, 2014

 

Chapter 4 Price Trend Analysis

4.1 Global Average Polypropylene Price Trend, 2014 – 2023, (US$/Ton)

 

Chapter 5 Polypropylene Market – End-User Industry Analysis

5.1 Global Polypropylene Market Volume Share, by End-User Industry, 2014 and 2023

5.2 Global Polypropylene Market for Packaging, 2014 – 2023 (Kilo Tons) (US$ Mn)

5.3 Global Polypropylene Market for Automotive, 2014 – 2023 (Kilo Tons) (US$ Mn)

5.4 Global Polypropylene Market for Consumer Products, 2014 – 2023 (Kilo Tons) (US$ Mn)

5.5 Global Polypropylene Market for Electrical & Electronics, 2014 – 2023 (Kilo Tons) (US$ Mn)

5.6 Global Polypropylene Market for Construction, 2014 – 2023 (Kilo Tons) (US$ Mn)

5.7 Global Polypropylene Market for Other End-User Industries, 2014 – 2023 (Kilo Tons) (US$ Mn)

 

Chapter 6 Polypropylene Market - Regional Analysis

6.1 Global Polypropylene Market Volume Share, by Region, 2014 and 2023

6.2 North America

      6.2.1 North America Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.2.2 North America Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.2.3 U.S. Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.2.4 U.S. Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.2.5 Rest of NA Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.2.6 Rest of NA Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

6.3 Europe

      6.3.1 Europe Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.3.2 Europe Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)      

      6.3.3 France Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.3.4 France Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.3.5 UK Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.3.6 UK Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.3.7 Spain Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.3.8 Spain Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.3.9 Germany Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.3.10 Germany Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.3.11 Italy Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.3.12 Italy Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.3.13 Rest of Europe Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.3.14 Rest of Europe Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

6.4 Asia Pacific (APAC)

      6.4.1 Asia Pacific Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.4.2 Asia Pacific Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.4.3 China Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.4.4 China Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.4.5 India Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.4.6 India Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.4.7 ASEAN Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.4.8 ASEAN Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.4.9 Rest of APAC Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.4.10 Rest of APAC Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

6.5 Latin America (LA)

      6.5.1 Latin America Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.5.2 Latin America Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.5.3 Brazil Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.5.4 Brazil Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.5.5 Rest of LA Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.5.6 Rest of LA Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

6.6 Middle East & Africa (MEA)

      6.6.1 Middle East & Africa Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.6.2 Middle East & Africa Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.6.3 GCC Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.6.4 GCC Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.6.5 South Africa Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.6.6 South Africa Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

      6.6.7 Rest of Middle East & Africa Polypropylene Market Volume, by End-Use, 2014 – 2023 (Kilo Tons)

      6.6.8 Rest of Middle East & Africa Polypropylene Market Revenue, by End-Use, 2014 – 2023 (US$ Mn)

 

Chapter 7 Company Profiles

7.1 BASF SE

7.2 Braskem S.A.

7.3 Borealis AG

7.4 Sinopec

7.5 ExxonMobil Corporation

7.6 Formosa Plastics Corporation, U.S.A

7.7 INEOS Group Holdings S.A

7.8 Japan Polypropylene Corporation

7.9 LyondellBasell Industries N.V.

7.10 PetroChina Company Limited

7.11 Reliance Industries Limited

7.12 SABIC

7.13 Total S.A.

 

Chapter 8 Primary Research – Key Findings

Polypropylene is a thermoplastic polymer that can be readily formed by catalytic polymerization of propylene. Manufacture of polypropylene is largely dependent on the availability of raw materials. This, in turn, is dependent on crude oil and natural gas reserves. Properties of polypropylene such as high surface hardness, good tensile strength, and strong chemical resistance have played a vital role in gradually replacing other polyolefins in several applications. Polypropylene is one of the most versatile polymers used in packaging, automobile, construction, electrical & electronics, and medical industries.

The packaging industry has been the largest consumer of polypropylene. Beneficial properties such as high impact resistance, flexibility, good optical property, low sealing threshold, and availability at competitive prices have helped polypropylene replace metals, cellophane, and paper in the packaging industry. Polypropylene can be blow-molded to manufacture bottles that are used in packaging a wide range of products such as detergents, toiletries, and condiments. Furthermore, polypropylene has high transparency and gloss, good heat resistance, is lightweight, and sensitive to organoleptic properties. Hence, it is widely used in storing grains, fruits, vegetables, meat, dairy products, etc. The automobile industry is the second-largest consumer of polypropylene. Polypropylene offers outstanding moldability and mechanical properties and is cheaper than most other plastic materials used in automobiles. When used effectively in automobiles, polypropylene lowers the overall weight of the vehicle. This, in turn, enhances fuel efficiency and reduces overall cost. Consumer products segment is projected to be the third-most attractive segment of the polypropylene market between 2015 and 2023. Polypropylene is used in both appearance and structural applications in appliances such as dishwashers, refrigerators, washing machines, irons, toasters, and vacuum cleaners. Polypropylene is used as a replacement for traditional and more expensive thermoplastic materials. This trend has been increasing steadily since the last few decades. Furthermore, applications of polypropylene have been rising at a significant rate in other end-user industries such as electrical & electronics and construction.

Demand for polypropylene is high in Asia Pacific, especially in food packaging, due to increasing population and changing lifestyle in the region. Consumers are opting for easy-to-cook or ready-to-eat food. Additionally, rising number of nuclear families coupled with high disposable income has propelled the demand for consumer products packed in smaller quantities. This is expected to boost the polypropylene market in the next few years. China is estimated to be the dominant manufacturer as well as consumer of polypropylene due to easy availability of raw materials, cheap labor, and significant growth in packaging and automobile industries. Companies such as LyondellBasell Industries N.V., Sinopec, Braskem, and INEOS dominated the polypropylene market due to large production capacities and ready availability of raw materials.

The global polypropylene market is fragmented. Manufacturers focus on innovating their products in order to achieve competitive advantage and sustain in the market. Leading players in the market include BASF SE, Total S.A., Borealis AG, LyondellBasell Industries N.V, Braskem, SABIC, Reliance Industries Limited, Sasol, and INEOS Group Holdings. In December 2014, Total S.A. launched non-phthalate catalyzed polypropylene product range, which includes random copolymers, homopolymers, and impact copolymers. The company markets non-phthalate catalyzed polypropylene for usage in the production of trays, boxes, pails, caps, bottles, etc.

polypropylene-market

 


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