Market Research Reports

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

129pages
Published Date: 2015-08-26

Description



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

Table of Contents



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

NA

NA

Free Market Analysis



Polypropylene, a thermoplastic polymer, is manufactured by catalytic polymerization of propylene. 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 medical industries. 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 demand for polypropylene in the food & beverages packaging industry coupled with rising demand for lightweight vehicles is expected to boost growth of the polypropylene market in the next few years. However, 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 2023.

In terms of volume, packaging was the largest and fastest-growing segment of the global polypropylene market, accounting for more than 45% share in 2014. Polypropylene has distinguished utilities in both flexible and rigid packaging due to its ability to resist strong chemicals and high temperature. Automotive emerged as the second-largest segment of the global polypropylene market in 2014. Robust demand for lightweight motor vehicles in emerging as well as developed regions is estimated to accelerate growth of the polypropylene market. Polypropylene is lightweight and offers optimal balance of mechanical properties and excellent surface finish to vehicles. Hence, it easily replaces metal. Polypropylene is 15% to 20% lighter than other plastics. Thus, it considerably reduces the overall weight of vehicles. This, in turn, reduces fuel consumption and carbon dioxide emissions. There is significant demand for polypropylene from the electrical & electronics segment, especially from Asia Pacific due to rapid growth in digitalization. Other end-user industries include agriculture, medical, and furniture.

In terms of volume, Asia Pacific accounted for over 50% share of the global polypropylene market in 2014 and is estimated to increase its share by 2023. High demand for polypropylene is anticipated in China, India, Brazil, and countries in ASEAN due to increasing demand for food containers in these countries. Furthermore, increase in the number of large supermarkets in these countries is augmenting demand for polypropylene in packaging. Europe is a mature market for polypropylene; however, strong demand from the automotive industry is projected to drive the polypropylene market in the region during the forecast period. Automobile manufacturers in Europe have to meet tough directives from the European Union (EU) in order to achieve improved environmental performance. EU’s ongoing drive has been established as part of the climate protection program. The market in Latin America is expected to expand at an above-average rate due to high demand for polypropylene in packaging, automotive, and construction industries. Evolving expenditure style that is inclined toward purchase of packaged materials in BRICS economies has driven demand for polypropylene. Automobile manufacturers are setting up their assembling units in the Middle East due to availability of cheap labor and raw material, thus propelling the polypropylene market in the region.

The global polypropylene market is highly fragmented in nature. The top five companies accounted for over 35% share in 2014. Most market players are vertically integrated. Numerous manufacturers are focused on adding new features to their current products in order to achieve competitive advantage and sustain in the market. Leading players in market include BASF SE, LyondellBasell Industries N.V., Total S.A., Braskem, SABIC, Sinopec, Borealis AG, Reliance Industries Limited, Formosa Plastics Corporation, Sasol, INEOS Group Holdings, Japan Polypropylene Corporation, and Exxon Mobil Corporation.

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