GITNUX MARKETDATA REPORT 2024

Polypropylene Industry Statistics

The polypropylene industry is expected to experience steady growth in the coming years due to increasing demand in various sectors such as packaging, automotive, and electronics.

Statistic 1

"The polypropylene market was valued at approximately $80 billion in 2020."

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Statistic 2

"The polypropylene industry is set to reach $105.6 billion by 2026."

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Statistic 3

"The industry is predicted to see a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028."

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Statistic 4

"In 2020, the polypropylene industry in Asia-Pacific accounted for more than 50% of the total demand."

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Statistic 5

"The automobile industry consumed 5.5 million metric tons of polypropylene globally in 2020."

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Statistic 6

"The demand for non-woven polypropylene is projected to reach 11.3 million tons by 2023."

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Statistic 7

"In the United States, the annual polypropylene resin production capacity was nearly 22 billion pounds in 2020."

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Statistic 8

"China is the largest consumer of polypropylene, with an annual consumption exceeding 15 million metric tonnes in 2019."

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Statistic 9

"The global polypropylene market size was valued at $68.5 billion in 2019."

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Statistic 10

"The global demand for polypropylene was 45 metric tons in 2013."

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Statistic 11

"The global demand for polypropylene is expected to grow at an annual rate of 4.4% until 2023."

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Statistic 12

"Polypropylene consumption in the Asia-Pacific region is projected to increase by 5.9% per year through 2023."

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Statistic 13

"Flexible packaging is the dominant application in the polypropylene industry, accounting for 20% of the total demand."

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Statistic 14

"The average price of polypropylene in the United States in November 2020 was 0.75 U.S. dollars per pound."

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Statistic 15

"The European Union consumed approximately 9.6 million metric tons of polypropylene in 2020."

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Statistic 16

"Polypropylene production in the Middle East was approximately 11 million metric tons in 2017."

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Statistic 17

"The operating rate of polypropylene industry worldwide was approximately 83.4% in 2018."

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Statistic 18

"The average annual growth rate of polypropylene consumption worldwide was projected to be around 4% from 2013 to 2020."

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