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    India Expanded Polypropylene Market

    ID: MRFR/CnM/46543-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    India Expanded Polypropylene Market Research Report: By Application (Automobile, Packaging, Consumer Goods, Others)- Forecast to 2035

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    India Expanded Polypropylene Market Summary

    The India Expanded Polypropylene market is projected to grow significantly from 85.2 USD Million in 2024 to 492 USD Million by 2035.

    Key Market Trends & Highlights

    India Expanded Polypropylene Key Trends and Highlights

    • The market is expected to witness a robust CAGR of 17.28% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 492 USD Million, indicating substantial growth potential.
    • In 2024, the market is valued at 85.2 USD Million, reflecting the current demand for expanded polypropylene products.
    • Growing adoption of lightweight materials due to increasing environmental concerns is a major market driver.

    Market Size & Forecast

    2024 Market Size 85.2 (USD Million)
    2035 Market Size 492 (USD Million)
    CAGR (2025-2035) 17.28%

    Major Players

    Kraton Corporation, Krishna Polymers, RTP Company, LG Chem, Srichakra Polyplast, TotalEnergies, SABIC, Mitsubishi Chemical, BASF, Formosa Plastics, Mitsui Chemicals, Reliance Industries, Amcor, LyondellBasell Industries, DOW Chemical

    India Expanded Polypropylene Market Trends

    Due to a number of important market factors, the expanded polypropylene market in India is expanding significantly. The market is expanding due to the growing need for lightweight materials in a variety of sectors, including consumer goods, packaging, and the automotive industry.

    Expanded polypropylene is particularly widely used in the automobile industry, as producers aim to lower emissions and improve fuel economy by integrating lightweight materials into vehicle designs. The demand for expanded polypropylene, which is well-known for its superior cushioning qualities, has also been boosted by the growth of e-commerce and the requirement for protective packaging solutions.

    There are many opportunities to investigate the Indian market, particularly as the nation transitions to more sustainable options. Expanded polypropylene is a good option for many companies trying to improve their sustainability practices because of rising environmental awareness and more government programs encouraging the use of recyclable materials.

    Supporting Indian manufacturing through initiatives like "Make in India" promotes domestic production of expanded polypropylene, which lessens reliance on imports and promotes industry innovation. The market is moving more and more toward product offers that are innovative and customized, according to recent trends.

    Businesses are concentrating on creating new expanded polypropylene grades and formulations to satisfy unique consumer demands, especially in industries like electronics and healthcare. The goal of India's growing R&D expenditures is to enhance expanded polypropylene's qualities, including its fire and heat resistance so that it can be used in more applications.

    In general, the expanded polypropylene market in India is being shaped by a confluence of changing customer demands, government assistance, and technological improvements.

    Market Segment Insights

    Expanded Polypropylene Market Application Insights

    The Application segment of the India Expanded Polypropylene Market serves a vital role in shaping the industry landscape, with key areas including Automobile, Packaging, Consumer Goods, and others. The rising awareness regarding lightweight materials in the automobile sector is propelling the demand for expanded polypropylene due to its superior strength-to-weight ratio.

    This characteristic makes it an ideal choice for automotive components, contributing to energy efficiency and performance improvement in vehicles, aligning with India's increasing environmental regulations.

    In the Packaging sector, expanded polypropylene is gaining traction due to its durability and recyclability, addressing the growing need for sustainable packaging solutions in line with India's commitment to reducing plastic waste.

    This segment plays a crucial role in food safety and product integrity, where the demand for protective packaging is on the rise owing to the booming e-commerce and online food delivery industries.

    Consumer Goods also leverages expanded polypropylene for its lightweight, flexible, and resilient properties, making it a popular choice for household items and appliances. The ongoing growth in the consumer market, particularly with a surge in online purchasing behaviors, indicates a significant demand for packaging solutions that provide both protection and aesthetic appeal.

    Get more detailed insights about India Expanded Polypropylene Market Research Report - Forecast by 2035

    Key Players and Competitive Insights

    The India Expanded Polypropylene Market showcases a dynamic environment characterized by a blend of established players and emerging companies. The growing demand for lightweight and high-performance materials across various industries, including automotive, packaging, and consumer goods, has significantly influenced market dynamics.

    The competitive landscape is shaped by innovative product development, strategic partnerships, and investments in expanding production capacities. Companies are focusing on enhancing their technological capabilities and sustainability practices to gain a competitive edge and cater to the evolving market needs.

    Moreover, with increasing urbanization and industrialization in India, the demand for expanded polypropylene is anticipated to rise, prompting players to optimize their operational efficiencies and supply chain management to meet the burgeoning market requirements.

    Kraton Corporation stands as a noteworthy entity in the India Expanded Polypropylene Market, characterized by its strong presence and robust product portfolio. The company's strengths lie in its advanced material science capabilities, enabling it to develop high-quality and customizable polypropylene solutions that meet specific customer needs.

    Kraton Corporation focuses heavily on innovation, conducting extensive research and development to introduce new products that enhance performance and sustainability. Its commitment to sustainable practices helps in attracting environmentally conscious customers, thereby solidifying its position in the market.

    The company's strategic initiatives in expanding local manufacturing capabilities further contribute to its competitive strength, allowing it to respond quickly to regional demands and maintain a strong market presence in India.

    Krishna Polymers has established itself as a prominent player in the India Expanded Polypropylene Market, renowned for its comprehensive range of products and services. The company’s strengths include its focus on high-quality polypropylene materials and the ability to cater to diverse applications across various sectors.

    Krishna Polymers emphasizes customer satisfaction by offering tailored solutions and exceptional service, which has helped in building a loyal customer base in the region. Furthermore, the company's proactive approach to mergers and acquisitions allows for enhanced market presence and operational growth by exploring new technologies and products.

    With ongoing investments in production technology and a commitment to sustainable practices, Krishna Polymers is well-positioned to leverage market opportunities and continue its trajectory of growth in the Indian expanded polypropylene landscape.

    Key Companies in the India Expanded Polypropylene Market market include

    Industry Developments

    The India Expanded Polypropylene market has seen several recent developments and noteworthy trends. In June 2023, Reliance Industries announced plans to invest significantly in expanding their polypropylene production capacity, aiming to cater to the growing demand across various sectors, including automotive and packaging.

    Similarly, BASF has been focused on enhancing its supply chain capabilities to meet the rising needs of the Indian market. The current market is experiencing robust growth, with an upsurge in applications ranging from consumer goods to construction, largely driven by the increasing preference for lightweight materials.

    Companies like TotalEnergies and LG Chem are also actively exploring partnerships to enhance their product offerings in India, reflecting a competitive landscape. In terms of mergers and acquisitions, a notable event was the acquisition of assets by SABIC in August 2022 to bolster its presence in the Indian market, expanding its ability to supply polypropylene products.

    Overall, this evolving sector showcases a commitment from major players such as Amcor and DOW Chemical to innovate and adapt to the changing landscape, further indicating a positive trajectory for the India Expanded Polypropylene market.

    Market Segmentation

    Outlook

    • Automobile
    • Packaging
    • Consumer Goods
    • Others

    Expanded Polypropylene Market Application Outlook

    • Automobile
    • Packaging
    • Consumer Goods
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 66.0(USD Million)
    MARKET SIZE 2024 85.2(USD Million)
    MARKET SIZE 2035 492.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 17.282% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Kraton Corporation, Krishna Polymers, RTP Company, LG Chem, Srichakra Polyplast, TotalEnergies, SABIC, Mitsubishi Chemical, BASF, Formosa Plastics, Mitsui Chemicals, Reliance Industries, Amcor, LyondellBasell Industries, DOW Chemical
    SEGMENTS COVERED Application
    KEY MARKET OPPORTUNITIES Growing automotive sector demand, Increasing use in packaging, Rising applications in construction, Expanding electronics industry utilization, Eco-friendly material trends
    KEY MARKET DYNAMICS growing automotive production, increasing demand for packaging, rising consumer goods sector, eco-friendly material adoption, technological advancements in manufacturing
    COUNTRIES COVERED India

    FAQs

    What is the expected market size of the India Expanded Polypropylene Market in 2024?

    The India Expanded Polypropylene Market is expected to be valued at 85.2 million USD in 2024.

    What will the market value of the India Expanded Polypropylene Market be in 2035?

    In 2035, the overall market is projected to reach a value of 492.0 million USD.

    What is the expected compound annual growth rate (CAGR) for the India Expanded Polypropylene Market from 2025 to 2035?

    The expected CAGR for the India Expanded Polypropylene Market from 2025 to 2035 is 17.282%.

    Which application segment holds the highest market share within the India Expanded Polypropylene Market?

    The automobile application segment is anticipated to hold the highest market share, valued at 30.0 million USD in 2024.

    What will be the market size for the packaging application of the India Expanded Polypropylene Market in 2035?

    The market size for the packaging application is expected to be 145.0 million USD by 2035.

    Who are the key players in the India Expanded Polypropylene Market?

    Major players in the market include Kraton Corporation, LG Chem, and BASF among others.

    What is the projected market size for the consumer goods application in 2024?

    The projected market size for the consumer goods application is 18.0 million USD in 2024.

    How much is the 'others' application segment expected to grow by 2035?

    The 'others' application segment is expected to grow to 72.0 million USD by 2035.

    What is one of the emerging trends in the India Expanded Polypropylene Market?

    A significant emerging trend is the increasing utilization of expanded polypropylene in the automotive industry.

    What challenges might impact the growth of the India Expanded Polypropylene Market?

    Challenges include fluctuations in raw material costs and regulatory compliance in manufacturing processes.

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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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