Polypropylene rose to 7,064 CNY/T on July 2, 2025, up 0.13% from the previous day. Over the past month, Polypropylene's price has risen 1.28%, but it is still 9.63% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Polypropylene.

In 2023, the global average price of polypropylene (PP) was *** U.S. dollars per ton – a decrease of *** U.S. dollars, compared with the previous years. The global polypropylene market The global polypropylene market was valued at ****** billion U.S. dollars in 2022. The global PP market is projected to continue growing over the next decade, registering a CAGR of *** percent during the forecast period of 2023 to 2030 to reach a value of ****** billion U.S. dollars. This will see the polypropylene market volume rise to over 100 million metric tons by 2030. Polypropylene end-uses Polypropylene is one of the most commonly used thermoplastics due to its elasticity and durability and is used across a wide range of end-uses including electronics, transportation, and construction. However, the major end-user of polypropylene is the plastic packaging industry.

Get comprehensive insights into the Polypropylene market, with a focused analysis of the Polypropylene price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

The North American polypropylene (PP) market exhibited predominantly bullish conditions during Q1 2025, with prices increasing by approximately 9%. This was driven by production disruptions, force majeures, and adverse weather conditions. In January, production rates remained below 80% due to the shutdown of LyondellBasell's Houston refinery, contributing to tight supply. Spot prices rose 5.5 cents/lb. as panic buying ensued following announced price hikes of USD 66/MT by major producers.

The monthly price of propylene worldwide experienced fluctuations between 2020 and 2024. The highest figure in the period under consideration was observed in March 2022 when propylene price reached ***** U.S. dollars per metric ton. In October 2024, the global price of propylene amounted to *** U.S. dollars.

The Recycled Polypropylene (R-PP) market in North America experienced a gradual upward trend in prices throughout Q1 2025, driven by the growth in feedstock costs and constrained post-consumer Polypropylene (PP) bale supply. Especially in USA, during January, prices remained stable, indicating continuous R-PP purchases by downstream companies despite macroeconomic uncertainties. February saw drastic growth in feedstock costs, particularly for post-consumer PP bales, which nearly doubled since last fall, tightening the supply and pressuring R-PP margins.

This statistic shows the price of polypropylene in the United States from 2005 to 2014, with forecasted figures for 2015 to 2020. In 2014 the U.S. price of polypropylene was 389 U.S. dollars per ton, and it is estimated to increase to 526 U.S. dollars per ton in 2020.

Access global Polypropylene prices in locations such as Africa, South America, China, Southeast Asia, Middle East, Europe and United States. Includes monthly historical series and forecasts. Delivered via online charts, Excel, Power BI, and API. Free preview.

In the first quarter of 2025, Propylene prices in North America have been marked by a downward trend, followed by an uptrend. Initially, in January, propylene prices in the USA increased as global demand surged ahead of the Lunar New Year, and domestic suppliers faced tight availability. Quarterly, the propylene prices in the USA have increased by 2.2% as compared to the last quarter of 2024. However, in February 2024, propylene prices started to decline due to lower crude oil prices, prompting manufacturers to lower their propylene offers.

In Q1 2025, Polypropylene Glass-Filled (PP-GF) compound prices in North America exhibited moderate upward momentum, underpinned by resilient downstream demand and firm feedstock costs. January began on a stable note, with prices supported by steady procurement from the automotive and electrical sectors, despite mild winter-induced logistics delays. Supply remained balanced, aided by consistent domestic resin production and sustained glass fiber availability.

Graph and download economic data for Producer Price Index by Commodity: Pulp, Paper, and Allied Products: Polypropylene/Polypropylene Multiweb Laminated Rolls and Sheets, for Flexible Packaging Uses (WPU09130322B1) from Dec 2011 to Jan 2019 about flexible, paper, production, commodities, PPI, price index, indexes, price, and USA.

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Polypropylene Market Size 2025-2029

The polypropylene market size is forecast to increase by USD 28.6 billion at a CAGR of 4% between 2024 and 2029.

The market is driven by the surging demand for packaging applications due to its lightweight, durable, and versatile properties. This trend is further fueled by the increasing consumer preference for convenient and eco-friendly packaging solutions. Another significant development in the market is the emergence of bio-based polypropylene, derived from renewable resources, which is gaining traction due to its sustainability benefits. Producers must address these concerns through innovation and the adoption of circular economy principles to ensure long-term growth and competitiveness.
Companies can capitalize on the market's potential by focusing on research and development of eco-friendly polypropylene alternatives and implementing sustainable production processes. Additionally, strategic collaborations and partnerships can help companies navigate the competitive landscape and stay ahead of industry trends. However, the market faces challenges from the harmful effects of polypropylene on the environment, particularly its contribution to plastic waste and pollution.

What will be the Size of the Polypropylene Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, quality assurance plays a pivotal role in ensuring the production of superior yarns through rigorous testing methods such as thermogravimetric analysis and differential scanning calorimetry. These tests provide valuable insights into fiber properties like heat deflection temperature, melt flow rate, and crystallinity, which significantly impact product performance. Sheet extrusion and injection molding machines are essential tools in producing high-quality polypropylene sheets and parts, respectively. This versatile plastic's applications span across numerous sectors, including automotive parts, consumer goods, medical devices, packaging films, and more. Flexural testing and impact testing are crucial in evaluating the mechanical properties of these products. Nonwoven manufacturing processes employ various testing techniques, including tensile testing and Vicat softening point determination, to ensure optimal product performance.

Syndiotactic polypropylene, with its unique properties, is gaining popularity in various applications due to its superior heat resistance and improved impact strength. Intellectual property protection is essential in the competitive market, with companies investing in research and development to create innovative solutions. Gas chromatography and nuclear magnetic resonance are essential tools in material characterization, ensuring the production of isotactic and atactic polypropylene with consistent quality. Mold design and application development are ongoing processes in the polypropylene industry, with continuous efforts to optimize production processes and expand the range of applications for this versatile material. Spinning machines play a crucial role in fiber manufacturing, ensuring the production of high-quality polypropylene fibers for various industries.

How is this Polypropylene Industry segmented?

The polypropylene industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Homopolymer
  Copolymer


Application

  Injection molding
  Extrusion molding
  Blow molding
  Others


Product Type

  Fiber
  Film and sheet
  Raffia
  Others


Geography

  North America

    US


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The Homopolymer segment is estimated to witness significant growth during the forecast period. The homopolymer segment dominates the market due to its wide range of applications and cost-effectiveness. With exceptional mechanical properties and ease of processing, this segment holds a significant market share. In packaging applications, homopolymer polypropylene is extensively used in producing films, containers, and bottles, owing to its high heat resistance and chemical resistance. The automotive industry also relies on homopolymer polypropylene for manufacturing interior components, such as dashboards and door panels, because of its durability and resistance to corrosion. The construction sector utilizes homopolymer polypropylene for pipes and fittings due to its long-lasting nature.

The manufacturing processes for polypropylene involve melt spinning for producing fibers and melt processing for creating various

Global polypropylene (PP) prices have increased significantly in 2021, and reached 2,734 U.S. dollars per metric ton on March 10, 2021. This was an increase of roughly 80 percent compared to prices on January 6, 2021. In February 2021, winter storm Uri hit the United States, causing an energy crisis in Texas. Chemical plants in Texas suffered power outages - including the world's largest petrochemical complex - leading to major supply chain disruptions. As a result, polypropylene prices soared.

Explore the dynamics impacting polypropylene prices, ranging from $1 to $2 per kg, influenced by global supply, demand, and oil market fluctuations. Discover how COVID-19, regional variations, and sustainable practices shape the industry, alongside strategies for mitigating price volatility risks.

Get the latest insights on price movement and trend analysis of Propylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Industry: Plastics Packaging Film and Sheet Manufacturing: Polypropylene/Polypropylene Multiweb Laminated Rolls and Sheets, for Flexible Packaging Uses (PCU32611232611231) from Jun 2007 to Jun 2013 about flexible, plastics, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The Libyan polypropylene in primary forms market shrank slightly to $15M in 2024, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a noticeable setback.

The cost of polypropylene glass-filled compound (PPGFC) varied a lot in India in Q4 2023. Bullish attitude, steady supply, and rising demand from downstream sectors all had an impact on the market. The rising costs of crude oil and polypropylene (PP) feedstock brought attention to supply limitations among investors. PPGFC demand skyrocketed, especially in the car industry due to higher consumer spending during holidays like Diwali.

Polypropylene Glass Filled Compound Prices December 2023

Explore IMARC’s newly published report, titled “Polypropylene Glass Filled Compound Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of polypropylene glass filled compound pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Bio-Based Polypropylene Market Outlook

The global bio-based polypropylene market size was valued at approximately USD 50 million in 2023 and is expected to reach around USD 150 million by 2032, growing at a remarkable CAGR of 13.5% during the forecast period. This robust growth can be attributed to increasing environmental concerns, rising crude oil prices, and stringent government regulations aiming to reduce carbon footprints. The demand for sustainable and eco-friendly alternatives to conventional plastics is propelling the market forward, making bio-based polypropylene a critical material for various industrial applications.

One of the key factors driving the growth of the bio-based polypropylene market is the increasing awareness about environmental sustainability. With growing concerns over plastic pollution and its impact on marine and terrestrial ecosystems, there has been a significant shift towards sustainable materials. Bio-based polypropylene, derived from renewable resources such as corn, sugarcane, and beet, offers a viable alternative to petroleum-based plastics. This shift is further bolstered by government regulations and policies that promote the use of bio-based materials to reduce greenhouse gas emissions and dependence on fossil fuels.

Technological advancements in bio-based polymer production are also contributing to the market's growth. Innovations in fermentation and polymerization processes have significantly improved the efficiency and cost-effectiveness of producing bio-based polypropylene. These advancements have not only reduced production costs but have also enhanced the material properties of bio-based polypropylene, making it comparable, if not superior, to its petroleum-based counterpart. As a result, industries such as automotive, packaging, and textiles are increasingly adopting bio-based polypropylene in their manufacturing processes.

The growing consumer preference for eco-friendly products is another crucial factor driving market growth. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are increasingly opting for products that are sustainable and environmentally friendly. This trend is particularly evident in the packaging and consumer goods sectors, where bio-based polypropylene is being used to produce biodegradable packaging materials and sustainable consumer products. The increasing demand from end-users for such products is fueling the growth of the bio-based polypropylene market.

Regionally, North America and Europe are expected to lead the bio-based polypropylene market during the forecast period. These regions have stringent environmental regulations and a high level of consumer awareness regarding sustainability. Additionally, the presence of key market players and advanced technological infrastructure in these regions further supports market growth. However, the Asia Pacific region is also anticipated to witness significant growth, driven by rapid industrialization, increasing government initiatives to promote sustainable materials, and growing consumer awareness. Latin America and the Middle East & Africa are expected to experience moderate growth due to their emerging economies and increasing focus on sustainable development.

Application Analysis

The application of bio-based polypropylene in the automotive industry is gaining significant traction. With the automotive sector under immense pressure to reduce vehicle emissions and improve fuel efficiency, bio-based polypropylene offers a lightweight and sustainable alternative to traditional materials. Its use in manufacturing automobile components such as interior trims, panels, and bumpers not only reduces the vehicle’s overall weight but also enhances its sustainability profile. Major automotive manufacturers are increasingly incorporating bio-based polypropylene into their production lines to meet regulatory standards and consumer demand for greener vehicles.

In the packaging industry, bio-based polypropylene is being extensively used to produce a wide range of packaging materials. The growing e-commerce sector, coupled with increasing consumer demand for sustainable packaging solutions, is driving the adoption of bio-based polypropylene. Its excellent mechanical properties, such as durability and flexibility, make it an ideal material for packaging applications. Additionally, bio-based polypropylene is biodegradable, which helps reduce the environmental impact of packaging waste. This application segment is expected to witness substantial growth during the forecast period, driven by the increasing dema

China Settlement Price: Dalian Commodity Exchange: Polypropylene: 1st month data was reported at 7,122.000 RMB/Ton in 13 May 2025. This records an increase from the previous number of 7,077.000 RMB/Ton for 12 May 2025. China Settlement Price: Dalian Commodity Exchange: Polypropylene: 1st month data is updated daily, averaging 8,300.500 RMB/Ton from Feb 2014 (Median) to 13 May 2025, with 2724 observations. The data reached an all-time high of 12,035.000 RMB/Ton in 16 Jun 2014 and a record low of 5,874.000 RMB/Ton in 14 Jan 2016. China Settlement Price: Dalian Commodity Exchange: Polypropylene: 1st month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price: Daily.