Polypropylene Market
Polypropylene is one of the most versatile plastics. A
broad range of products of day-to-day life is made from
this polyolefin. Ceresana expects a dynamic growth of
worldwide revenues generated with this second most
important plastic to amount to more than US$145 billion
in 2019. Especially the dynamic economic development in
emerging markets will continue to boost demand for
polypropylene (PP). The average annual growth rate of
4.4% in the last eight years is likely to be surpassed in the
future, as is explained exhaustively in the market study
recently published.
Asian-Pacific countries already account for more than
half of worldwide PP consumption. Thus, this region is the
most important sales market, followed by Western Europe
and North America. Yet distribution of demand for PP in
the various regions of the world is likely to change notably.
The analysts from Ceresana expect countries in Asia-
Pacific to increase their shares in
the global PP market – mainly at
the expense of saturated markets
in industrialized countries. Many
emerging and developing countries
benefit from an increasing
demand in all application areas –
above all in the transportation
and automotives industry.
Demand for lightweight, fuel-efficient
vehicles is increasing all over
the globe. Therefore, the automobile
industry substitutes a rising number of parts made
from metal or rubber for weight-saving plastics.
Changes in regional demand will also have an effect on
the production structure of manufacturers. The global PP
capacity of about 62 million is likely to be increased by
more than 23.5 million tons by 2019. More than 57% of
these new capacities will be built in the Asian-Pacific region.
For the following eight years, major increase in demand at
5.8% per year is expected for the transportation industry.
At the other end of the spectrum is fibers with an AAGR of
2.8% only; the by far major application area will, however,
remain the sector flexible and rigid packaging, albeit with
significant regional and country-specific differences.
For more information, contact Ceresana Research,
Technologiezentrum, Blarerstr. 56, 78462 Konstanz,
Deutschland, 49 7531 94293 12, Fax: 49 7531 94293
27, Web: www.ceresana.com/en/market-studies/plastics/polypropylene.
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