Syndicated Research Studies

The global  polypropylene market size was estimated to be USD 123.46 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The growth of the market is expected to be driven by the increasing consumption of polypropylene (PP) in end-use industries such as automotive, packaging, and building & construction. The growing utilization of PP in the automotive sector to manufacture lightweight vehicles for increased fuel efficiency is anticipated to be a major factor driving the market over the forecast period. However, the supply of PP has been hugely affected owing to the outbreak of COVID-19 in 2020. In recent years, the demand for polypropylene has increased from the building & construction industry, which has witnessed favorable growth in the U.S. on account of infrastructural developments. Polypropylene is finding increased utilization in the construction industry for residential housing and industrial applications...

Polypropylene Industry Overview The global polypropylene market size was valued at USD 117.8 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 3.4% from 2021 to 2028. Ascending application of polypropylenes in fiber, raffia, and film and sheet, coupled with the growing trend of the application of polypropylene (PP) in the automotive sector to manufacture lightweight vehicles for increased fuel efficiency, is anticipated to be the major factors driving the market over the forecast period. Polypropylene is a lightweight material and has a broad range of superior properties, such as resistant to several chemical solvents, acids, and bases, high tensile strength, staining resistance, and low moisture resistance. Owing to its excellent chemical and mechanical properties, it is extensively used in manufacturing automotive components, packaging and labeling, medical devices, and construction, diverse laboratory equipment, among various others. Gather more...