Summary

The Global Synthetic And Bio-based Polypropylene Market is valued at approximately USD 50.31 billion in 2023 and is projected to expand significantly, reaching USD 97.10 billion by 2032, with a remarkable compound annual growth rate (CAGR) of 7.58% during the forecast period. Synthetic and bio-based polypropylene stands out as a high-performance polymer, leveraging its versatility and sustainability to cater to diverse industrial applications. From packaging to automotive components and consumer products, polypropylene’s wide range of applications has positioned it as a crucial material in modern manufacturing processes. The advent of bio-based alternatives further highlights the market's shift towards environmentally responsible and resource-efficient solutions.
A combination of factors propels the market’s robust growth. The increasing demand for lightweight materials in the automotive sector, aimed at enhancing fuel efficiency and reducing emissions, has significantly amplified the adoption of polypropylene. Moreover, the packaging industry's reliance on polypropylene for its durability, recyclability, and chemical resistance continues to reinforce its market prominence. However, challenges such as fluctuating raw material prices and complexities associated with bio-based polypropylene production may restrain growth to some extent. Nonetheless, technological advancements, coupled with the growing integration of renewable feedstocks, are expected to mitigate these challenges and unlock new opportunities.
Geographically, North America commands a significant share of the global market, driven by advancements in automotive and packaging industries. Europe follows closely, benefitting from stringent regulations promoting sustainable materials and a strong focus on bio-based innovations. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth over the forecast period. Rapid industrialization, coupled with expanding automotive and consumer goods sectors in countries like China, India, and Japan, underpins the region's impressive trajectory. Emerging markets in Latin America and the Middle East & Africa are also poised for notable growth, bolstered by infrastructural developments and increasing awareness of eco-friendly solutions.
Technological advancements have dramatically transformed the synthetic and bio-based polypropylene market, with a pronounced emphasis on enhancing product efficiency and sustainability. Innovations in polymerization techniques, such as metallocene and single-site processes, are driving the development of high-performance polypropylene grades tailored to specific applications. Additionally, strategic collaborations among industry leaders to scale bio-based polypropylene production are fostering market expansion, aligning the industry with global environmental goals.
Major market players included in this report are:
• LyondellBasell Industries
• SABIC
• Braskem
• ExxonMobil Corporation
• TotalEnergies
• Borealis AG
• INEOS Group Holdings S.A.
• BASF SE
• Repsol S.A.
• Mitsubishi Chemical Corporation
• Covestro AG
• Dow Inc.
• LG Chem Ltd.
• Arkema S.A.
• Sinopec Corporation
The detailed segments and sub-segment of the market are explained below:
By Raw Material:
• Petroleum
• Natural Gas
• Biomass
By Application:
• Packaging
• Automotive
• Consumer Products
• Industrial
By Grade:
• Homopolymer
• Copolymer
• Random Copolymer
By Process:
• Ziegler-Natta
• Metallocene
• Single-Site
By Region: North America:
• U.S.
• Canada
Europe:
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe (ROE)
Asia-Pacific:
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific (RoAPAC)
Latin America:
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa:
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa (RoMEA)
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.

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Table of Contents

Table of Contents
Chapter 1. Global Synthetic And Bio-based Polypropylene Market Executive Summary
1.1. Global Synthetic And Bio-based Polypropylene Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Raw Material
1.3.2. By Application
1.3.3. By Grade
1.3.4. By Process
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Synthetic And Bio-based Polypropylene Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Synthetic And Bio-based Polypropylene Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Demand for Lightweight Materials in Automotive Sector
3.1.2. Reliance of Packaging Industry on Durable Polypropylene
3.1.3. Growing Demand in Consumer Products
3.2. Market Challenges
3.2.1. Fluctuating Raw Material Prices
3.2.2. Complexities in Bio-based Polypropylene Production
3.3. Market Opportunities
3.3.1. Innovations in Renewable Feedstocks
3.3.2. Expansion into Emerging Markets
3.3.3. Strategic Collaborations and Partnerships
Chapter 4. Global Synthetic And Bio-based Polypropylene Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Synthetic And Bio-based Polypropylene Market Size & Forecasts by Raw Material 2022-2032
5.1. Segment Dashboard
5.2. Global Synthetic And Bio-based Polypropylene Market: Raw Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Petroleum
5.2.2. Natural Gas
5.2.3. Biomass
Chapter 6. Global Synthetic And Bio-based Polypropylene Market Size & Forecasts by Application 2022-2032
6.1. Segment Dashboard
6.2. Global Synthetic And Bio-based Polypropylene Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Packaging
6.2.2. Automotive
6.2.3. Consumer Products
6.2.4. Industrial
Chapter 7. Global Synthetic And Bio-based Polypropylene Market Size & Forecasts by Grade 2022-2032
7.1. Segment Dashboard
7.2. Global Synthetic And Bio-based Polypropylene Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. Homopolymer
7.2.2. Copolymer
7.2.3. Random Copolymer
Chapter 8. Global Synthetic And Bio-based Polypropylene Market Size & Forecasts by Process 2022-2032
8.1. Segment Dashboard
8.2. Global Synthetic And Bio-based Polypropylene Market: Process Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
8.2.1. Ziegler-Natta
8.2.2. Metallocene
8.2.3. Single-Site
Chapter 9. Global Synthetic And Bio-based Polypropylene Market Size & Forecasts by Region 2022-2032
9.1. North America Synthetic And Bio-based Polypropylene Market
9.1.1. U.S. Synthetic And Bio-based Polypropylene Market
9.1.1.1. Raw Material Breakdown Size & Forecasts, 2022-2032
9.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
9.1.1.3. Grade Breakdown Size & Forecasts, 2022-2032
9.1.1.4. Process Breakdown Size & Forecasts, 2022-2032
9.1.2. Canada Synthetic And Bio-based Polypropylene Market
9.2. Europe Synthetic And Bio-based Polypropylene Market
9.2.1. UK Synthetic And Bio-based Polypropylene Market
9.2.2. Germany Synthetic And Bio-based Polypropylene Market
9.2.3. France Synthetic And Bio-based Polypropylene Market
9.2.4. Spain Synthetic And Bio-based Polypropylene Market
9.2.5. Italy Synthetic And Bio-based Polypropylene Market
9.2.6. Rest of Europe Synthetic And Bio-based Polypropylene Market
9.3. Asia-Pacific Synthetic And Bio-based Polypropylene Market
9.3.1. China Synthetic And Bio-based Polypropylene Market
9.3.2. India Synthetic And Bio-based Polypropylene Market
9.3.3. Japan Synthetic And Bio-based Polypropylene Market
9.3.4. Australia Synthetic And Bio-based Polypropylene Market
9.3.5. South Korea Synthetic And Bio-based Polypropylene Market
9.3.6. Rest of Asia-Pacific Synthetic And Bio-based Polypropylene Market
9.4. Latin America Synthetic And Bio-based Polypropylene Market
9.4.1. Brazil Synthetic And Bio-based Polypropylene Market
9.4.2. Mexico Synthetic And Bio-based Polypropylene Market
9.4.3. Rest of Latin America Synthetic And Bio-based Polypropylene Market
9.5. Middle East & Africa Synthetic And Bio-based Polypropylene Market
9.5.1. Saudi Arabia Synthetic And Bio-based Polypropylene Market
9.5.2. South Africa Synthetic And Bio-based Polypropylene Market
9.5.3. Rest of Middle East & Africa Synthetic And Bio-based Polypropylene Market
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. LyondellBasell Industries
10.1.2. SABIC
10.1.3. Braskem
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. LyondellBasell Industries
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. SABIC
10.3.3. Braskem
10.3.4. ExxonMobil Corporation
10.3.5. TotalEnergies
10.3.6. Borealis AG
10.3.7. INEOS Group Holdings S.A.
10.3.8. BASF SE
10.3.9. Repsol S.A.
10.3.10. Mitsubishi Chemical Corporation
10.3.11. Covestro AG
10.3.12. Dow Inc.
10.3.13. LG Chem Ltd.
10.3.14. Arkema S.A.
10.3.15. Sinopec Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes