Published October 2023
Polypropylene (PP) has the second-largest commodity thermoplastic resins in the world after PE, and PP homopolymer is the most consumed single-grade plastic. Over the years, polypropylene resin has gained popularity in all spheres of day-to-day usage and niche applications. A perfect combination of light weight, excellent chemical resistance, relatively high rigidity, and high cost-competitiveness make it a preferred choice to cater to multiple requirements. With new technology and catalyst advancements, and its ability to blend with other chemicals to further refine its properties, PP is successfully replacing other nonpolymer materials such as paper, metals, and wood in conventional applications.
The following pie chart shows world consumption of polypropylene resins by region for 2022:
The COVID-19 pandemic caused a shift in demand for some PP applications; PP end-use segments such as injection molding faced headwinds because of the impact on the automotive industry and other durable goods, while other applications such as fiber and films flourished from the tremendous boost in face masks and medical wearable devices. The nonwovens markets, such as films and fiber, are expected to stay strong with the continued postpandemic recovery, driving extrusion markets, while improvement in the automotive sector will improve demand in injection-molding applications.
With the rise of shale gas and other light cracker feedstocks, PP manufacturers have been struggling with availability of propylene feedstock. To secure an unhindered feedstock supply, many companies are now investing in new on-purpose propylene technologies such as PDH, CTO and MTO along with the PP units.
For more detailed information, see the table of contents, shown below.
S&P Global’s Chemical Economics Handbook – Polypropylene Resins is the comprehensive and trusted guide for anyone seeking information on this industry. This latest report details global and regional information, including
Key benefits
S&P Global’s Chemical Economics Handbook – Polypropylene Resins has been compiled using primary interviews with key suppliers and organizations, and leading representatives from the industry in combination with S&P Global’s unparalleled access to upstream and downstream market intelligence and expert insights into industry dynamics, trade and economics.
This report can help you
- Identify trends and driving forces influencing chemical markets
- Forecast and plan for future demand
- Understand the impact of competing materials
- Identify and evaluate potential customers and competitors
- Evaluate producers
- Track changing prices and trade movements
- Analyze the impact of feedstocks, regulations and other factors on chemical profitability
