Polypropylene (PP) Market is expected to reach US$ 181.2 billion by 2031 | Major players - Exxon Mobil Corporation, Formosa Plastics Corporation, Mitsubishi Chemical Corporation.

Market Size and Growth:

The Global Polypropylene (PP) Market size 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.

The Polypropylene (PP) Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Polypropylene (PP) Market encompasses the production, distribution, and consumption of polypropylene, a versatile thermoplastic polymer widely used in packaging, automotive, textiles, and consumer goods. Driven by growing industrial applications, cost-effectiveness, and recyclability, the market includes raw materials, additives, and finished products, with key players focusing on innovation, sustainability, and expanding end-use industries to meet global demand.

Recent Key Developments of United States:

✅ November 2025: Market forecasts indicated further weakening into November due to surplus stocks, flat operating rates, and subdued demand outweighing cost supports from yen fluctuations and plant outages.

✅ October 2025: Polypropylene prices declined sharply by 2.7% in late October amid persistent oversupply from ample domestic inventories and redirected U.S.-bound shipments due to a 15% tariff, despite some propylene tightness from regional outages.​

✅ October 2025: Producers maintained high inventory levels of 30-45 days, leading to aggressive discounting as downstream packaging demand remained muted at 35%, though specialty PP grades for EV and 3D printing saw modest export growth to Vietnam and Thailand.

Recent Key Developments of Japan:

✅ December 2025: Ongoing emphasis on advanced PP processing technologies supported stable growth, with the market holding a significant North American share amid rising applications in consumer goods.

✅ October 2025: The U.S. PP market sustained strong demand in packaging, automotive, and construction sectors, bolstered by innovations in lightweight materials and expanding recycling infrastructure.​

✅ October 2025: Formosa Plastics USA advanced construction of a new 250,000-ton PP plant in Point Comfort, Texas, incorporating Japan Polypropylene Corporation's Horizone technology for high-performance reactor TPO grades used in automotive and packaging.

List of the Key Players in the Polypropylene (PP) Market:

Exxon Mobil Corporation
MITSUI CHEMICALS AMERICA, INC
Formosa Plastics Corporation
Mitsubishi Chemical Corporation
INEOS
SABIC
LyondellBasell Industries
Repsol
Phillips 66 Company
MOLGROUP

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Polypropylene (PP) Market:

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.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Polypropylene (PP) market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Polypropylene (PP) Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Polypropylene (PP) market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Polypropylene (PP) Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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