Polypropylene Compounds Market to Reach USD 44.8 Billion, Globally by 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Polypropylene compounds Market” that contains information from 2018 to 2032. The Polypropylene compounds Market is estimated to register a CAGR of 8.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global polypropylene compounds Market— Mitsui Chemical, Inc., IRPC Public Company Limited, Exxon Mobil Corporation, Avient Corporation, Japan Polypropylene Corporation, SABIC, Trinseo S.A., Sumitomo Chemical Co., Ltd., Washington Penn, Borealis AG, LyondellBasell Industries Holdings B.V., DAEHACOM Co., Ltd., GS Caltex Corporation and others

Polypropylene Compounds Market Highlights

The global polypropylene compounds market is accounted to register a CAGR of 8.30% during the forecast period and is estimated to reach USD 44.8 Billion by 2032.

The polypropylene compounds market is growing as the versatile material finds applications in automotive, packaging, and consumer goods industries due to its lightweight, durable, and recyclable properties.

Segment Analysis

The global Polypropylene compounds market has been segmented based product, application and end-use.

On the basis of product, the market is segmented into mineral filled PP compounds, compounded TPO, compounded TPV, glass fiber reinforced, talc filled and others. The mineral filled PP compounds segment dominated the market in 2022. The automotive industry is particularly interested in mineral-filled PP composites.

Based on application, the global polypropylene compounds market has been segmented into raffia, fiber, film, and other materials. In 2022, the market was dominated by the Film & Sheet category. In the packaging industry, polypropylene compounds are widely employed as films and sheets.

Based on end-use, the global polypropylene compounds market has been segmented into automotive, building & construction, electrical & electronics, textile and others. The automotive category generated the most income in 2022. Polypropylene compounds are frequently used in the production of several interior auto parts.

Regional Analysis

The global polypropylene compounds market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Polypropylene compounds Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Polypropylene compounds Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Polypropylene compounds Market comprises of Middle East, Africa, and Latin America.

The North America polypropylene compounds market dominated this market in 2022 (45.80%). The demand for creative and sustainable packaging solutions has increased as a result of the development of e-commerce and shifting consumer tastes. In the North American packaging business, polypropylene compounds are essential because they are utilized to create products that are lightweight, strong, and ecologically benign. This is in line with the region's emphasis on sustainability and lowering packaging's environmental impact.

Moreover, the Europe market has been persistently growing over the forecast period. Due to the low cost of bariatric surgery and the increase in persons with diabetes, this has occurred. In terms of recycling programs and circular economy ideas, Europe has been a pioneer. Recycling polypropylene compounds can promote the use of these materials in manufacturing while assisting the region in achieving its environmental goals. This promotes the concepts of a circular economy while reducing waste.

The Asia-Pacific Polypropylene compounds Market is expected to grow at the fastest CAGR from 2023 to 2032. The Asia-Pacific region is a significant factor in the global automobile industry because of a growing middle class and increased urbanization. Auto manufacturers must employ lightweight materials like polypropylene composites due to the continued, high demand for autos. These goods improve fuel efficiency, lower emissions, and satisfy a variety of consumer needs in the region.

Furthermore, the rest of the world's polypropylene compounds market is divided into the Middle East, Africa, and Latin America. The polypropylene compounds market is gaining traction in Latin America as manufacturers across various industries, including automotive and packaging, embrace this versatile material for its lightweight, durable, and recyclable properties, aligning with sustainability goals in the region.

Key Findings of the Study

• The global polypropylene compounds market is expected to reach USD 44.8 Billion by 2032, at a CAGR of 8.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to a growing middle class and greater urbanization, the Asia-Pacific region is a major force in the worldwide automotive industry.


• Based on application, the film & sheet segment was attributed to holding the largest market in 2022.


• Mitsui Chemical, Inc., IRPC Public Company Limited, Exxon Mobil Corporation, Avient Corporation, Japan Polypropylene Corporation, SABIC, Trinseo S.A., Sumitomo Chemical Co., Ltd., Washington Penn, Borealis AG, LyondellBasell Industries Holdings B.V., DAEHACOM Co., Ltd., GS Caltex Corporation and others.