- Polypropylene (PP), a versatile thermoplastic polymer, is increasingly critical across various industries such as automotive, packaging, electronics, and consumer goods due to its lightweight, durability, chemical resistance, and cost-effectiveness
- The surging demand for polypropylene is primarily driven by its extensive application in automotive manufacturing, especially for lightweight components that help improve fuel efficiency and reduce CO₂ emissions. For instance, in March 2024, SABIC announced new polypropylene-based materials designed for electric vehicle battery casings to optimize thermal and structural performance
- Asia-Pacific dominates the polypropylene market with the largest revenue share of over 50% in 2024, attributed to robust industrial growth, high polymer consumption in packaging and automotive sectors, and expanding manufacturing activities, particularly in China and India. In January 2024, Indian Oil Corporation commissioned a new polypropylene plant in Gujarat to meet domestic and export demands
- North America is expected to witness significant growth during the forecast period, supported by technological advancements in polymer processing and an increasing focus on sustainability. In February 2024, ExxonMobil introduced new high-performance PP grades for rigid packaging and automotive interiors featuring enhanced recyclability
- The injection molding segment dominates the polypropylene market, accounting for approximately 43% of the total demand in 2024, as it is the preferred technique for producing high-precision components in sectors such as packaging, electronics, and automotive
