Polypropylene-Plastic Material And Resins Forecast Report 2025 – Designed for Product & Growth Teams

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What is the current market size of the polypropylene-plastic material and resins industry, and what growth rate is it expected to achieve?
The polypropylene-plastic material and resins market size has grown rapidly in recent years. It will grow from $154.08 billion in 2024 to $169.66 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to packaging industry, automotive sector, consumer goods, construction and building materials.

The polypropylene-plastic material and resins market size is expected to see strong growth in the next few years. It will grow to $241.55 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to sustainable and recyclable materials, renewable energy and electric vehicles, packaging innovation, advanced healthcare devices. Major trends in the forecast period include bio-based polypropylene, advanced additive manufacturing, high-performance formulations, smart materials.

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What are the major drivers contributing to the growth of the polypropylene-plastic material and resins market?
Rising demand for thermoplastic materials has contributed to the growth of the polypropylene market. Due to their unique chemical properties, thermoplastic materials can be recycled and remolded without affecting their physical properties. As a result, thermoplastic materials are far more useful in a wide range of applications, including clothing, packaging, food, and beverages. Additionally, they are also used in heavy-duty applications such as the aerospace, military, and medical industries. According to American Freedonia Group data, the global Thermoplastic Elastomer (TPE) market surpassed $24 billion and market demand reached 6.7 million tons, which will grow at a rate of 5.2% every year in the future. The rising demand for thermoplastic materials increased the demand for the polypropylene market, thereby driving the market.

What are the major market segments driving the growth of the polypropylene-plastic material and resins industry?
The polypropylene-plastic material and resins market covered in this report is segmented –

1) By Product Type: Homopolymer, Copolymer
3) By Application: Fiber, Film and Sheet, Raffia, Other Applications
2) By End User Industry: Packaging, Automotive, Consumer Products, Electrical and Electronics, Other End-user Industry

Subsegments:
1) By Homopolymer: Isotactic Polypropylene, Atactic Polypropylene
2) By Copolymer: Block Copolymer, Random Copolymer

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What are the key trends shaping the polypropylene-plastic material and resins market in the forecast period?
Eco-friendly polypropylene compounds are increasingly being used due to strict government rules and regulations over recycling and environmental protection. The polypropylene compounds possess unique qualities, making them more favourable as an alternative in the automotive industry. For example, Grand Siam Composites, a joint venture between SCG Chemicals, Mitsui Chemicals Inc., and Prime Polymer, has developed new technologies and inventions to produce high-quality products that are environmentally friendly. With those advancements, GSC’s polypropylene compounds are producing high-quality automobile parts such as consoles, instrument panels, bumpers, door panels, and various accessories.

Who are the key market players contributing to the growth of the polypropylene-plastic material and resins industry?
Major companies operating in the polypropylene-plastic material and resins market include LyondellBasell Industries Holdings BV, China Petroleum & Chemical Corporation, SABIC innovations Plastics US LLC, ExxonMobil Chemical Company, Braskem, PetroChina Company Limited, Reliance Industries Limited, Formosa Plastics Corporation, Borealis AG, Asahi Kasei Plastics North America Inc., Mitsui Chemicals Inc., DuPont de Nemours Inc., INEOS AG, TotalEnergies SE, Sumitomo Chemical co. Ltd., Dynachem & Co. Ltd., HMC Polymers Co. Ltd., Scott Bader Company Limited, Dow Chemical Company, BASF SE, Toray Industries Inc., Lotte Chemical Corporation, Covestro AG, Huntsman International LLC, Westlake Corporation, Eastman Chemical Company, Formosa Plastics Corporation USA, INEOS Olefins & Polymers USA LLC, Chevron Phillips Chemical Company LP, Trinseo LLC, Pinnacle Polymers LLC, Flint Hills Resources LLC

Which regions are leading the growth of the polypropylene-plastic material and resins market globally?
Asia-Pacific was the largest region in the polypropylene market in 2023. North America was the second-largest region in the global polypropylene market. The regions covered in the polypropylene-plastic material and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

How Can Companies Use The Polypropylene-Plastic Material And Resins Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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