Global Polypropylene and Polypropylene Composites Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Fiber Type;

Glass Fiber, Carbon Fiber, and Others.

By Application;

Packaging, Building & Construction, Automotive, Electrical & Electronics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn101680491 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Polypropylene and Polypropylene Composites Market (USD Million), 2021 - 2031

In the year 2024, the Global Polypropylene and Polypropylene Composites Market was valued at USD 52,142.16 million. The size of this market is expected to increase to USD 77,886.24 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.

The global polypropylene and polypropylene composites market is witnessing significant growth driven by increasing demand across various industries such as automotive, packaging, and construction. Polypropylene's advantageous properties, including low cost, high impact resistance, and recyclability, make it a preferred material in these sectors. In the automotive industry, for instance, polypropylene composites are extensively used due to their lightweight nature, which enhances fuel efficiency and reduces emissions. The Asia-Pacific region, particularly China and India, is expected to see rapid growth due to expanding automotive production and supportive government policies​ (Allied Market Research)​​ (IndustryARC)​.

Technological advancements and strategic initiatives by key players are also propelling the market forward. Companies like Mitsui Chemicals and Formosa Plastics are collaborating to commercialize advanced polypropylene composites, while major firms such as Exxon Mobil, SABIC, and Sinopec are investing in new product developments and capacity expansions. Additionally, innovations such as natural fiber-reinforced polypropylene composites are gaining traction for their eco-friendly properties and potential to replace conventional materials like glass and carbon fibers​ (Allied Market Research)​​ (IndustryARC)​.

However, the market faces challenges such as high initial tooling costs and competition from alternative materials. Despite these hurdles, opportunities for growth remain robust, particularly with the increasing adoption of polypropylene in electric vehicles and construction applications. The North American market is expected to dominate, supported by a strong automotive sector and rising demand for lightweight, durable materials in electric vehicle manufacturing.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Fiber Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Polypropylene and Polypropylene Composites Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for lightweight materials
        2. Growing applications in automotive industry
        3. Rising environmental concerns
      2. Restraints
        1. Volatility in raw material prices
        2. Regulatory challenges
        3. Competition from alternative materials
      3. Opportunities
        1. Advancements in manufacturing technologies
        2. Emerging applications in healthcare sector
        3. Expansion in developing economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Polypropylene and Polypropylene Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
      1. Glass Fiber
      2. Carbon Fiber
      3. Others
    2. Global Polypropylene and Polypropylene Composites Market, By Application, 2021 - 2031 (USD Million)
      1. Packaging
      2. Building & Construction
      3. Automotive
      4. Electrical & Electronics
      5. Others
    3. Global Polypropylene and Polypropylene Composites Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Borealis AG
      2. Braskem S.A.
      3. China Petroleum & Chemical Corporation
      4. DowDuPont Inc
      5. Exxon Mobil Corporation
      6. INEOS Group Holdings S.A.
      7. LyondellBasell Industries Holdings B.V
      8. Saudi Basic Industries Corporation
      9. Sumitomo Chemical Company, Limited
  7. Analyst Views
  8. Future Outlook of the Market