Press release
Polypropylene Market Trends and Forecast 2024-2031: Focus on Reduced Carbon Footprint Materials, Impact-Resistant Copolymers, and Expanding Consumer Goods Applications Amid Automotive and Packaging Demand
Global Polypropylene (PP) Market reached US$ 124.5 billion in 2022 and is expected to reach US$ 181.2 billion by 2031, growing with a CAGR of 4.8% during the forecast period 2024-2031.According to DataM Intelligence has published a new research report on "Polypropylene Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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β£ Recent Developments:
United States: Recent Industry Developments - Polypropylene
β August 2025 - LyondellBasell commissioned a new high-capacity polypropylene (PP) production line in Texas, enhancing supply for automotive, packaging, and consumer goods industries.
β July 2025 - ExxonMobil Chemical launched advanced PP copolymers for lightweight automotive parts, improving durability and impact resistance while reducing material usage.
β June 2025 - Several U.S. manufacturers adopted bio-based polypropylene blends, targeting sustainable packaging applications with reduced carbon footprint.
Europe: Recent Industry Developments - Polypropylene
β August 2025 - Germany: BASF expanded production of high-clarity PP for packaging, improving optical quality and consumer appeal in food and beverage applications.
β July 2025 - Italy: European manufacturers adopted advanced catalyst technologies to produce PP with enhanced stiffness and heat resistance for automotive and industrial applications.
β June 2025 - France: TotalEnergies launched renewable PP grades derived from bio-feedstock, supporting sustainable packaging and reducing reliance on fossil-based materials.
β£ Top Industry Players:
Exxon Mobil Corporation, MITSUI CHEMICALS AMERICA, INC, Formosa Plastics Corporation, Mitsubishi Chemical Corporation, INEOS, SABIC, LyondellBasell Industries, Repsol, Phillips 66 Company and MOLGROUP.
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β£ Key Segments:
By Type: Polypropylene homopolymer, Polypropylene random copolymer, Polypropylene block copolymer
By Process: Injection Molding, Blow Molding, Extrusion Molding, Others
By Application: Automotive, Consumer Process, Healthcare and Medical, Hygiene and Personal care, Packaging, Others
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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