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市場調查報告書

商品編碼

1401300

全球聚丙烯 (PP) 市場 - 2023-2030

Global Polypropylene (PP) Market - 2023-2030

出版日期: 2023年12月29日 | 出版商:

DataM Intelligence | 英文 196 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

全球聚丙烯（PP）市場2022年達到1,245億美元，預估至2030年將達1,812億美元，2023-2030年預測期間CAGR為4.8%。

聚丙烯市場是由其多功能特性和跨行業的廣泛應用所推動的。 PP 具有多種工業和消費用途，包括速食容器、汽車零件、包裝等，仍然是關鍵材料。它的受歡迎程度歸因於它是一種可回收和可重複使用的聚合物。

聚丙烯的可回收性和在各個領域的適應性推動了對聚丙烯的需求。持續的創新，例如使用再生樹脂開發永續聚丙烯濃縮物，凸顯了提高聚丙烯環保形象的努力，有助於其市場的持續成長。此外，汽車產業對聚丙烯輕量化和電氣應用的興趣日益濃厚，進一步推動了市場向前發展。

在強勁的工業化、最終用途產業的高需求和汽車產量不斷增加的推動下，亞太地區在聚丙烯市場上佔據主導地位，佔據最大佔有率。該地區的經濟成長，特別是中國和印度等國家的經濟成長，推動了從包裝到汽車零件等多種應用領域對聚丙烯的需求不斷成長。持續的需求使亞太地區成為全球聚丙烯市場的關鍵參與者，凸顯了其在該行業的突出市場佔有率。

動力學

蓬勃發展的聚丙烯均聚物市場

由於聚丙烯均聚物的優異性能，對其需求量很大，因此聚丙烯市場正在蓬勃發展。具有優異的耐化學性、剛性和高熔點，適合惡劣環境。其良好的電氣性能、低吸濕性和高衝擊強度有助於其多功能性。

與其他工程塑膠相比，其成本效益吸引了各行業的製造商，包括醫療設備、食品容器、包裝、汽車和消費品。聚丙烯均聚物可應用於實驗室設備、管道、儲存槽、精密零件、纖維、薄膜和片材，具有耐用性、防潮性和透明度。

LyondellBasell 的合資企業 PolyMirae Company Ltd 正式推出 Hostalen PP H2150，這是專為客戶工業板材應用而設計的聚丙烯均聚物 (PP-H)。該特種級產品已通過國際工業板材生產商的成功測試，滿足此類應用中常用樹脂的技術要求。

Hostalen PP H2150 是一種天然成核牌號，具有高熔體黏度，適用於擠出工藝，具有高熱穩定性和萃取穩定性。該牌號以其耐熱性、高熱變形溫度和剛性而聞名，使其成為工業管道、配件、板材生產、過濾板、儲罐製造和塑膠棒的首選。

永續發展的需要

對永續性和環保實踐的日益重視正在推動聚丙烯市場的發展。隨著企業和消費者優先考慮對環境負責的選擇，聚丙烯以其可回收性和低環境影響而受到關注。製造商，特別是包裝和汽車等行業的製造商，擴大選擇聚丙烯，因為它具有多功能應用、高耐用性和減少環境影響的潛力，符合全球向永續和環保材料的轉變。

聚合物添加劑和著色劑技術專家美利肯公司 (Milliken & Company) 與 PureCycle Technologies, Inc. 聯合宣布推出市場上第一種完全永續的聚丙烯濃縮物。該開發利用 PureCycle 材料，透過允許更多地使用 100% 回收材料來促進循環。當濃縮物與 PureCycle 的回收 PP 結合使用時，所形成的配方的碳足跡比原生 PP 低約 35%。

環境永續性挑戰

聚丙烯在市場上面臨多種挑戰和限制，影響其環境永續性。雖然PP成本低、易於加工且用途廣泛，但其製造過程涉及石油和天然氣，需要大量的水和能源。 PP 的生產會消耗大量能源並排放溫室氣體，使其對環境較不友善。

儘管可回收利用，但其能源密集型生產過程限制了聚丙烯對具有環保意識的消費者的吸引力。 PP 產品中使用的鄰苯二甲酸鹽雖然不被認為是有毒的，但引起了人們對動物生殖異常的擔憂，因此在處理 PP 塑膠時要小心謹慎。此外，聚丙烯產品中的各種添加劑可能因製造商和等級而異，可能含有有害化學物質。雖然聚丙烯不可生物分解，但它是可回收的，其對環境的影響取決於適當的回收實踐和消費者的選擇。

The polypropylene market is driven by its versatile properties and widespread applications across industries. With a diverse range of industrial and consumer uses, including fast food containers, car parts, packaging and more, PP remains a key material. Its popularity is attributed to being a recyclable and reusable polymer.

The demand for polypropylene is fueled by its recyclability and adaptability in various sectors. Ongoing innovations, such as the development of sustainable PP concentrates using recycled resin, highlight efforts to enhance the environmental profile of polypropylene, contributing to its continued market growth. Additionally, the automotive industry's increasing interest in PP for lightweighting and electrical applications further propels the market forward.

Asia-Pacific dominates the polypropylene market, holding the largest share, driven by robust industrialization, high demand from end-use industries and increasing automotive production. The region's economic growth, particularly in countries like China and India, contributes to the rising demand for polypropylene across diverse applications, ranging from packaging to automotive components. The sustained demand positions Asia-Pacific as a key player in the global polypropylene market, emphasizing its prominent market share in the industry..

Dynamics

Thriving Polypropylene Homopolymer Market

The Polypropylene market is thriving due to the high demand for Polypropylene homopolymer, driven by its exceptional properties. With excellent chemical resistance, stiffness and a high melting point, it suits harsh environments. Its good electrical properties, low moisture absorption and high impact strength contribute to its versatility.

Its cost-effectiveness compared to other engineering plastics attracts manufacturers across various industries, including medical equipment, food containers, packaging, automotive and consumer goods. Polypropylene homopolymer finds applications in laboratory equipment, pipes, tanks, precision parts, fibers, films and sheets, showcasing durability, moisture resistance and clarity.

PolyMirae Company Ltd, a joint venture of LyondellBasell, has officially launched Hostalen PP H2150, a polypropylene homopolymer (PP-H) designed for customer industrial sheet applications. The specialty grade has undergone successful testing by an international producer of industrial sheets, meeting the technical requirements of resins commonly used in such applications.

Hostalen PP H2150 is a natural, nucleated grade with high melt viscosity for the extrusion process, featuring high heat and extraction stability. The grade is known for its heat resistance, high heat deformation temperature and stiffness, making it a preferred choice for industrial pipe, fittings, sheet production, filter plates, tank fabrication and plastic rods.

Need of Sustainability

The growing emphasis on sustainability and eco-friendly practices is driving the market for polypropylene. As businesses and consumers prioritize environmentally responsible choices, polypropylene, with its recyclability and low environmental impact, gains traction. Manufacturers, particularly in industries like packaging and automotive, are increasingly opting for polypropylene due to its versatile applications, high durability and potential for reducing environmental impact, aligning with the global shift towards sustainable and eco-friendly materials.

Milliken & Company, a polymer additive and colorant technology expert and PureCycle Technologies, Inc., have jointly announced the creation of the first fully sustainable concentrate for polypropylene on the market. The development, utilizing PureCycle materials, promotes circularity by allowing for greate use of 100% recycled content. The concentrate, when combined with PureCycle's recycled PP, results in a formulation with a carbon footprint approximately 35% lower than that of virgin PP.

Environmental Sustainability Challenges

Polypropylene faces several challenges and restraints in the market, impacting its environmental sustainability. While PP is low-cost, easily processed and widely used in various applications, its manufacturing process involves petroleum and natural gas, requiring significant water and energy resources. The production of PP results in considerable energy usage and greenhouse gas emissions, making it less environmentally friendly.

Despite being recyclable, the energy-intensive production process limits PP's appeal for environmentally conscious consumers. The usage of phthalates in PP products, although not considered toxic, raises concerns about reproductive abnormalities in animals, urging caution in handling PP plastics. Additionally, the diverse additives in polypropylene products can vary based on manufacturers and grades, potentially containing harmful chemicals. Although not biodegradable, PP is recyclable and its environmental impact depends on proper recycling practices and consumer choices.

Segment Analysis

The global polypropylene market is segmented based on type, process, application and region.

Polypropylene's Dominance in Automotive Applications

Automotive applications dominate the polypropylene market due to its unique properties. Classified as an insulator, PP is ideal for electronic components, aligning with the automotive industry's shift toward electric vehicles. PP's high melting point (130 degrees Celsius), malleability and high tensile strength contribute to its safety, versatility and durability. Transforming PP into fiber form enables the creation of mesh-like surfaces for car interiors. As a low-density material, PP reduces vehicle weight, enhancing fuel efficiency. The rising demand for lightweight, eco-friendly vehicles positions PP as a key material for the future of automotive manufacturing.

Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC), has introduced new polypropylene (PP) products for the automotive industry containing up to 70% post-consumer recycled (PCR) materials. The first solution, with 50% PCR material, reduces the carbon footprint by approximately 28%, suitable for under-body shields, bumper brackets and structural parts. The second solution, with a blend of up to 70% PCR materials, is designed for wheel arches and exterior components, achieving a 32% reduction in carbon footprint compared to virgin grades.

Geographical Penetration

Asia-Pacific Leads Polypropylene Market with Automotive Sector Surge

Asia-Pacific commands the largest share in the polypropylene market due to robust growth in automotive sectors. India's passenger vehicle sales projected to grow by 9%-10% in fiscal year 2024, reaching record levels of 5 million units according to a Reuters report. Crisil Ratings attributes this growth to higher incomes, strong SUV demand and improved chip supplies. Despite sluggish exports, domestic factors will propel India's automotive sector beyond pre-pandemic peaks.

According to China Association of Automobile Manufacturers in China, vehicle sales surged by 13.8% in October 2023, marking the third consecutive month of growth, driven by auto shows and new model launches. Energy vehicle sales saw a remarkable 33.5% increase. The region's resilience, expanding economies and growing automotive industries reinforce Asia-Pacific's leadership in the polypropylene market.

COVID-19 Impact Analysis

The COVID-19 pandemic significantly impacted the polypropylene market, causing disruptions in the supply chain, production slowdowns and shifts in consumer behavior. During the initial phases of the pandemic, lockdowns and restrictions led to reduced industrial activities, affecting polypropylene demand. However, as the world adapted to the new normal, the demand for polypropylene surged in applications like packaging, healthcare and textiles.

The increased need for personal protective equipment, medical supplies and packaging materials drove the market's recovery. While challenges like supply chain constraints persisted, the pandemic highlighted the versatility and resilience of polypropylene, contributing to its resurgence in various industries as they adapted to the changing market dynamics influenced by the ongoing global health crisis.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has significantly impacted the polypropylene (PP) market, exacerbating challenges already present due to the COVID-19 pandemic and supply chain disruptions. The war, which began in February 2022, brought about economic sanctions and geopolitical complexities. Sanctions, including U.S. ban on oil imports from Russia, elevated crude oil prices, directly affecting resin pricing. Polyethylene (PE) and PP suppliers responded with per-pound price increases, further straining the market. Russia's strategic reliance on China for resin export faced hurdles due to China's lockdown amid the Omicron variant, disrupting production and import/export activities.

The war-induced shutdown of pallet production in Ukraine, a major supplier to Europe, intensified shipping dilemmas, causing delays, rising costs and warehousing challenges. The cumulative impact of geopolitical tensions, sanctions and supply chain disruptions has prolonged the global plastics shortage, affecting resin availability and pricing. The market climate underscores the need for supply chain diligence and strategic partnerships in navigating the complex landscape.

By Type

Polypropylene homopolymer
Polypropylene random copolymer
Polypropylene block copolymer

By Process

Injection Molding
Blow Molding
Extrusion Molding
Others

By Application

Automotive
Consumer Process
Healthcare and Medical
Hygiene and Personal care
Packaging
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In November 2022, Mondi and Skanemejerier have partnered to launch a mono-material polypropylene film packaging for cheese, designed for recyclability. The packaging, produced by Mondi and converted by Skanemejerier, features high barriers, puncture resistance and effective printability. Scheduled to hit Swedish supermarket ICA shelves by the end of 2023, the sustainable solution aligns with the upcoming Site Zero facility, contributing to Sweden's plastic packaging recycling goals.
In September 2023, Ducor Petrochemicals introduced the DuCare product range, a line specifically crafted for Healthcare & Life Science applications. Achieving ISO 13485 certification, Ducor Petrochemicals ensures that the DuCare range adheres to stringent standards for medical applications, providing customers with confidence for developing new medical products. Suited for applications in medical, pharmaceutical and life science sectors, DuCare polypropylene is designed for injection molding and compound applications, making it ideal for critical applications like (PCR) pipette tips, medical packaging, casings and components.
In November 2023, Lummus Technology and Citroniq Chemicals have entered into licensing and engineering agreements to establish green polypropylene plants in U.S. The initial plant, set to be completed in 2027, will pioneer the production of 400,000 Tons per Annum (TPA) of bio-polypropylene, marking a significant step in sustainable production in North America.

Competitive Landscape

The major global players in the market include Exxon Mobil Corporation, MITSUI CHEMICALS AMERICA, INC, Formosa Plastics Corporation, Mitsubishi Chemical Corporation, INEOS, SABIC, LyondellBasell Industries, Repsol, Phillips 66 Company and MOLGROUP.

Why Purchase the Report?

To visualize the global polypropylene market segmentation based on type, process, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of polypropylene market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global polypropylene market report would provide approximately 61 tables, 61 figures and 196 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Process
3.3. Snippet by Application
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Thriving Polypropylene Homopolymer Market
  - 4.1.1.2. Need of Sustainability
- 4.1.2. Restraints
  - 4.1.2.1. Environmental Sustainability Challenges
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Polypropylene homopolymer*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Polypropylene random copolymer
7.4. Polypropylene block copolymer

8. By Process

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 8.1.2. Market Attractiveness Index, By Process
8.2. Injection Molding*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Blow Molding
8.4. Extrusion Molding
8.5. Others

9. By Application

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
9.2. Automotive*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Consumer Process
9.4. Healthcare and Medical
9.5. Hygiene and Personal care
9.6. Packaging
9.7. Others

10. By Region

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2. Market Attractiveness Index, By Region
10.2. North America
- 10.2.1. Introduction
- 10.2.2. Key Region-Specific Dynamics
- 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1. U.S.
  - 10.2.6.2. Canada
  - 10.2.6.3. Mexico
10.3. Europe
- 10.3.1. Introduction
- 10.3.2. Key Region-Specific Dynamics
- 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1. Germany
  - 10.3.6.2. UK
  - 10.3.6.3. France
  - 10.3.6.4. Italy
  - 10.3.6.5. Russia
  - 10.3.6.6. Rest of Europe
10.4. South America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1. Brazil
  - 10.4.6.2. Argentina
  - 10.4.6.3. Rest of South America
10.5. Asia-Pacific
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1. China
  - 10.5.6.2. India
  - 10.5.6.3. Japan
  - 10.5.6.4. Australia
  - 10.5.6.5. Rest of Asia-Pacific
10.6. Middle East and Africa
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

11. Competitive Landscape

11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis

12. Company Profiles

12.1. Exxon Mobil Corporation*
- 12.1.1. Company Overview
- 12.1.2. Type Portfolio and Description
- 12.1.3. Financial Overview
- 12.1.4. Key Developments
12.2. MITSUI CHEMICALS AMERICA, INC
12.3. Formosa Plastics Corporation
12.4. Mitsubishi Chemical Corporation
12.5. INEOS
12.6. SABIC
12.7. LyondellBasell Industries
12.8. Repsol
12.9. Phillips 66 Company
12.10. MOLGROUP

LIST NOT EXHAUSTIVE