Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

PP homopolymer is majorly used in the plastic manufacturing industry to produce various household, electrical, automotive, packaging, medical, and other products that incorporate plastic. This polymer provides high strength to weight ratio and better chemical resistance. The packaging industry is the largest consumer of the PP homopolymer as it has high strength and excellent chemical resistance which makes it an ideal choice of packaging material.

The global PP homopolymer market is projected to surpass US$ 72.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.5% during the forecast period (2020 to 2027).

Drivers

Rising demand for PP homopolymer from the automotive industry as it offers advantages such as weight reduction, cost reduction, and improve the overall fuel efficiency is expected to augment the market growth. PP homopolymer is widely used in the manufacturing of interior and exterior components of automobiles that reduce the overall weight of the vehicle. According to the Coherent Market Insights analysis, it is estimated that a 10% reduction in vehicle weight reduces fuel usage by 5% to 10%.

Increasing use of PP homopolymer from the electrical industry for manufacturing various electronic products is expected to foster the market growth of the PP homopolymer. The growth of the PP homopolymer market is also attributed to the growth of the electrical industry due to the growing demand for various high-end electronic products. Its high electrical resistance property makes it ideal for electronic devices. Hence, the growing demand for PP homopolymer from the electronic industry is expected to augment the market growth over the forecast period.

Regionally, Asia-pacific dominated the global PP homopolymer market in 2019, reporting 49% market share in terms of revenue, followed by Europe and North America, respectively.

Figure 1. Global PP Homopolymer Market, Revenue Share (%), By Region, 2019

PP Homopolymer  | Coherent Market Insights

Market Restraints

Stringent government policies for the manufacturing of the PP homopolymer due to rising environmental concerns is expected to hamper the market growth.

High production cost due to fluctuating prices of raw material is expected to restrict market growth. This is attributed to the volatile price and production of crude oil due to various economic factors.

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PP Homopolymer Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 50.0 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.5% 2027 Value Projection: US$ 72.0 Bn
Geographies covered (27):
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By End Use: Packaging, Automotive, Building & Construction, Electrical & Electronics, Textile, Others
  • By Processing Technology: Injection Moulding, Film, Other Extrusion, Fiber, Others
Companies covered:

LyondellBasell Industries Holdings B.V., Reliance Industries Limited, Braskem SA, INEOS Group Ltd., ExxonMobil Corporation, 6. Borealis AG, Total S.A., Sasol Limited, IRPC Public Company Limited., National Petrochemical Industrial Company, The Polyolefin Company (Singapore) Pte Ltd., and L.C.Y. Chemical Corporation

Growth Drivers:
  • Increasing use of PP homopolymer from the electrical industry for manufacturing various electronic products
  • Rising demand for PP homopolymer from the automotive industry
  • Increasing application of PP homopolymer in the flexible packaging
Restraints & Challenges:
  • Stringent government policies for the manufacturing of the PP homopolymer due to rising environmental concerns
  • High production cost due to fluctuating prices of raw material

Market Opportunities

Increasing use of PP homopolymer in the injection mold technology which is used for the production of various household products is expected to provide potential growth opportunities to the market. Injection mold technology is widely used in the manufacturing of personal care, appliances, and other various home care products. Therefore, increasing use of PP homopolymer in the injection mold technology is expected to augment the market growth.

An increasing application of PP homopolymer in the flexible packaging will favor the market growth of the PP homopolymer over the forecast period. Flexible packaging is gaining huge demand from the food and beverage packaging industry where it is used to package the food product. Also, the growing e-commerce industry is boosting demand for packaged products which is further expected to foster the market growth of the PP homopolymer over the forecast timeframe. 

Figure 2. Global PP Homopolymer Market – Opportunity Analysis

PP Homopolymer  | Coherent Market Insights

Market Trends

Rising demand for PP homopolymer from the textile industry where it is used to manufacture various appeals is expected to stimulate market growth. The growing trend of health wellness is creating demand for sportswear for both men and women. This is expected to fuel market growth. In addition to this, it is also used in the manufacturing of cold weather undergarments and military wear which is again augmenting the market growth of the PP homopolymer.

Improving lifestyle of the consumers due to growing disposable income is increasing their purchasing power which is creating demand for various consumer goods is expected to augment the market growth of PP homopolymer. Growing demand for luxury carpets coupled with the other home interior products is further expected to augment the market growth of the PP homopolymer over the forecast period.

Regulations

APEJ 

Various environmental concerns, associated with the production of PP Homopolymer, have forced the government to promote biodegradable especially in packaging segments. The government and associations of developing countries of Asia such as Indonesia in March 2009 has raised traffic rates for imports from non-ASAN countries (excluding China, Korea, and Japan) of polypropylene compound (PP homopolymer).

Figure 3. Global PP Homopolymer Market, Revenue Share (%), By End Use, in 2019

PP Homopolymer  | Coherent Market Insights

On the basis of end use, packaging dominated the global PP homopolymer market in 2019 with around 43% of market share in terms of revenue, followed by automotive and textile, respectively.

Global PP Homopolymer Market - Impact of Coronavirus (Covid-19) Pandemic

Due to an unprecedented decline in the sales of automotive and electronics products due to COVID-19, the plastics industry has been one of the hardest hit industry worldwide. Owing to decrease in demand globally, the prices trend of PP homopolymer products has been showing a declining trend from past few months across the globe owing to sudden holds put on the buying of these products amidst the coronavirus (Covid-19) Pandemic. This scenarios is expected to hinder the CAGR of the market till the early months of 2021.

Competitive Section

Key players are operating in the global PP homopolymer market are LyondellBasell Industries Holdings B.V., Reliance Industries Limited, Braskem SA, INEOS Group Ltd., ExxonMobil Corporation, 6. Borealis AG, Total S.A., Sasol Limited, IRPC Public Company Limited., National Petrochemical Industrial Company, The Polyolefin Company (Singapore) Pte Ltd., and L.C.Y. Chemical Corporation

Few Recent Developments

Braskem SA

  • In October 2019 Braskem the producer of polyolefins producer in the Americas and producer of biopolymers in the world, today formally launched its new I'm green™ Recycled polypropylene (PP) in the United States.

Polypropylene (PP) homopolymer is predominantly used for production of different products for various industries such as automotive, electrical, household, cosmetics, electronics, pharmaceutical, packaging, personal care, and others. Manufacturers across these industries prefer the usage of PP homopolymer as they provide higher strength to weight ratio, better weldability and good chemical resistance.

Market Dynamics

The global PP homopolymer market has witnessed significant growth in recent past years, owing to the rising usage of Polypropylene (PP) homopolymer in packaging industry coupled with increasing growth of packaging industry across the globe. This scenario is expected to provide lucrative growth to the global PP homopolymer market over the forecast period.

Major players in the global PP homopolymer market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries packaging automotive, household, electronics, pharmaceutical, personal care, and others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global PP homopolymer market size (US$ Billion and Thousand Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global PP homopolymer market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes LyondellBasell Industries Holdings B.V., Reliance Industries Limited, Braskem SA, INEOS Group Ltd., ExxonMobil Corporation, 6. Borealis AG, Total S.A., Sasol Limited, IRPC Public Company Limited., National Petrochemical Industrial Company, The Polyolefin Company (Singapore) Pte Ltd., and L.C.Y. Chemical Corporation
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Process Technology up-gradation, market expansion, and marketing tactics
  • The global PP homopolymer market report caters to various stakeholders in this industry including investors, suppliers, global PP homopolymer manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global PP homopolymer market

Detailed Segmentation:

  • Global PP Homopolymer Market, By Process Technology:
    • Injection moulding
    • Film
    • Other extrusion
    • Fibers
    • Others
  • Global PP Homopolymer Market, By End Use:
    • Packaging
      • Flexible Packaging
      • Rigid Packaging
    • Automotive
    • Consumer Product
    • Textile Industry
    • Electrical and Electronics
    • Building and Construction
    • Others
  • Global PP Homopolymer Market, By Region:
    • North America
      • U.S.
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Canada
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
    • Latin America
      • Brazil
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Mexico
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      •  Rest of Latin America
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
    • Europe
      • France
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Germany
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • U.K.
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Russia
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Rest of Europe
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
    • Asia Pacific
      • China
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Japan
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Australia
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • India
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Rest of the Asia-pacific
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
    • Middle East & Africa
      • GCC
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • South Africa
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
      • Rest of Middle East & Africa
        • By Process Technology
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
  • Company Profiles
    • Lyondell Basell Industries Holdings B.V.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Reliance Industries Limited
    • Braskem SA
    • INEOS Group Ltd.
    • ExxonMobil Corporation
    • Borealis AG
    • Total S.A.
    • Sasol Limited
    • IRPC Public Company Limited.
    • National Petrochemical Industrial Company
    • The Polyolefin Company Pte Ltd.
    • C.Y. Chemical Corporation

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Process Technology
      • Market Snippet, By End Use
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global PP Homopolymer Market - Impact of Coronavirus (Covid-19) Pandemic
    • Change in the Consumer Spending Pattern, by Geography
      • North America
      • Latin America
      • Asia-pacific
      • Europe
      • Middle East & Africa
  5. Global PP Homopolymer Market, By Process Technology, 2017 - 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Injection Moulding
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Film
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Other extrusion
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Fibers
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global PP Homopolymer Market, By End Use, 2017 - 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Flexible Packaging
        • Rigid Packaging
    • Flexible Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Rigid Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Automotive
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Consumer Product
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Textile Industry
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Electrical and Electronics
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Building and Construction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global PP Homopolymer Market, By Region, 2017- 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Process Technology, 2017- 2027 (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By End Use, 2017- 2027 (US$ Billion and Kilo Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Lyondell Basell Industries Holdings B.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Reliance Industries Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Braskem SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • INEOS Group Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • ExxonMobil Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Borealis AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Total S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Sasol Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • IRPC Public Company Limited.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • National Petrochemical Industrial Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • The Polyolefin Company Pte Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • L.C.Y. Chemical Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • References
    • Research Methodology
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* Browse 45 market data tables* and 30 figures* on "Global PP Homopolymer Market” – global forecast to 2027

Frequently Asked Questions

The market for global PP homopolymer is forecast to surpass US$ 72.0 billion by 2027 witnessing a CAGR of 5.5% between 2020 and 2027.
Rising demand for PP homopolymer from the automotive industry and increasing application of PP homopolymer in the flexible packaging is fuelling the growth of the global PP homopolymer market in the region.
Rising demand for PP homopolymer from the textile industry where it is used to manufacture various appeals is expected to favor market growth over the forecast period.
Stringent government policies for the manufacturing of the PP homopolymer due to rising environmental concerns and high production cost due to fluctuating prices of raw material is expected to hamper the growth the market during the forecast period.
Major players operating in the global PP homopolymer market include Lyondell Basell Industries Holdings B.V., Reliance Industries Limited, Braskem SA, INEOS Group Ltd., ExxonMobil Corporation, 6. Borealis AG, Total S.A., Sasol Limited, IRPC Public Company Limited., National Petrochemical Industrial Company, The Polyolefin Company (Singapore) Pte Ltd., and L.C.Y. Chemical Corporation
The global PP homopolymer market was estimated to be valued around US$ 50.0 billion in terms of revenue in 2019.
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