Synthetic And Bio-based Polypropylene Market To Reach $178.8 Million By 2030

Synthetic And Bio-based Polypropylene Market Growth & Trends

The global synthetic and bio-based polypropylene market size is expected to reach USD 178.8 million by 2030, registering a CAGR of 8.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth of key end-use industries such as packaging and automotive in Asia Pacific is expected to drive the global polypropylene market the forecast period. In addition, increasing construction spending particularly in emerging markets of China, India, and Indonesia is also expected to have a positive influence on market growth. Volatile propylene prices on account of constantly fluctuating crude oil prices are expected to remain a key challenge for market participants. Stringent environmental regulations regarding the production and disposal of polypropylene are also expected to degrade the market growth over the forecast period. In order to overcome these issues, major participants have shifted their focus towards the development of sustainable polypropylene. 

Injection molding emerged as the leading application segment and accounted for 46.1% of total market volume in 2014. The shift towards the replacement of the steel automotive industry in order to improve the fuel efficiency of automobiles is expected to remain a key driving factor for this segment over the forecast period. Films are expected to witness the highest growth rate of 5.7% from 2015 to 2022. Growing demand for BOPP films for a myriad of applications is expected to drive this segment over the forecast period. 

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Synthetic And Bio-based Polypropylene Market Report Highlights

• Injection molding dominated the market and accounted for a market revenue share of 48.4% in 2023. Polypropylene's attributes, such as high impact resistance, chemical inertness, and ability to be molded into complex shapes, make it highly suitable for injection molding applications.

• The Asia Pacific synthetic and bio-based polypropylene market dominated in 2023. This growth owes to significantly increasing environmental awareness and government regulations.

• Bio-based polypropylene demand is more dominant in emerged markets of North America and Europe. These markets are characterized by stringent regulations and aware consumers regarding the environmental hazards caused due to petrochemical-based polypropylene.

Synthetic And Bio-based Polypropylene Market Segmentation

Grand View Research has segmented the global synthetic and bio-based polypropylene market based on application, end use, region:

Synthetic And Bio-based Polypropylene Application Outlook (Revenue, USD Million, 2018 - 2030)

• Injection Molding

• Textiles

• Films

• Others

Synthetic And Bio-based Polypropylene End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Packaging

• Automotive

• Industrial

• Others

Synthetic And Bio-based Polypropylene Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Arabia

  • UAE

  • South Africa

  • Kuwait

List Of Key Players Synthetic And Bio-based Polypropylene Market

• Braskem

• Dow Inc.

• Borealis AG

• LyondellBasell Industries Holdings B.V.

• Total S.A.

• Trellis Bioplastics

• BioAmber Inc.

• NatureWorks LLC

• Danimer Scientific

• Novamont S.p.A.

• FKuR Kunststoff GmbH

• Corbion N.V.

• Biobent Polymers

• GreenMantra Technologies

• Mitsui Chemicals, Inc.

• PolyOne Corporation

• Ravago Manufacturing Americas

• PlastiComp, Inc.

• Toray Industries, Inc.

• Toyota Tsusho Corporation

• Zebra Medical Vision, Inc.