PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449375
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449375
Modified Polypropylene Market Share, Size, Trends, Industry Analysis Report, By Type (Physical Modification, Chemical Modification); By Application; By Region, And Segment Forecasts, 2024 - 2032
The global modified polypropylene market size is expected to reach USD 69.00 billion by 2032, according to a new study by Polaris Market Research. The report "Modified Polypropylene Market Share, Size, Trends, Industry Analysis Report, By Type (Physical Modification, Chemical Modification); By Application; By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing income levels and enhancements in living standards are fueling growth in the interior designing sector. This trend is prompting interior designers and furniture manufacturers to introduce innovative designs to meet evolving consumer preferences. Additionally, government investments in the construction of smart cities, airports, and commercial buildings worldwide are boosting the demand for interior design services that incorporate smart planning and technology integration. This, in turn, is expected to drive the demand for modified polypropylene in furniture design.
Modified polypropylene possesses several advantageous properties that make it highly suitable for various automotive applications. Its superior flowability allows for efficient manufacturing processes, while its high UV resistance ensures durability even under prolonged exposure to sunlight. Additionally, its exceptional impact resistance and chemical resistance make it ideal for use in front and rear-end bumpers, protective side strips, and mudguards, where protection against impacts and environmental factors is crucial.
Furthermore, its negligible water absorption further enhances its durability and performance in automotive components subjected to varying weather conditions. Overall, these properties collectively make modified polypropylene a preferred choice for enhancing the functionality and longevity of automotive parts.
Several significant factors drive the growth of the modified polypropylene market. These include excellent electrostatic durability, which enables the filter material to maintain its filtering efficiency for an extended period. Furthermore, modified polypropylene exhibits low peroxide residue and minimal odor, enhancing its suitability for various applications.
Growing demand for thermoplastic materials is another key driver of market growth. Thermoplastic materials, including modified polypropylene, offer unique chemical properties that allow for recycling and remolding without compromising their physical properties. This versatility makes thermoplastic materials highly desirable for diverse applications such as clothing, packaging, food, and beverages, as well as heavy-duty industries like aerospace, military, and medical sectors. As a result, the market for modified polypropylene materials is experiencing significant expansion.
Modified Polypropylene Market Report Highlights
In 2023, the automotive segment accounted for the largest share, primarily due to the increasing focus on lightweight vehicles to improve fuel efficiency and reduce emissions. Modified polypropylene offers a lightweight alternative to traditional materials such as metal and glass, making it an attractive choice for automotive components.
In 2023, the APAC region accounted for the largest market share due to rapid industrial growth, particularly in countries like China, India, Japan, and South Korea. This growth drives demand for modified polypropylene across various industries, including automotive, packaging, consumer goods, and construction.
North America region is expected to witness the fastest CAGR during the forecast period, due to innovation and technological advancements, particularly in industries such as automotive, packaging, and consumer goods. This region's strong focus on research and development drives the development of advanced modified polypropylene formulations with enhanced properties, due to increased adoption in various applications.
The global players include LG Chem, SABIC, LyondellBasell Industries, Kingfa Sci. & Tech, PetroChina Company, PolyPacific, Arkema, & Covestro.
Polaris Market Research has segmented the modified polypropylene market report based on type, application, and region:
Modified Polypropylene, Type Outlook (Revenue - USD Billion, 2019- 2032)
- Physical Modification
- Chemical Modification
Modified Polypropylene, Application Outlook (Revenue - USD Billion, 2019- 2032)
- Automotive
- Building & Construction
- Packaging
- Medical
- Electrical & Electronics
- Others
Modified Polypropylene, Regional Outlook (Revenue - USD Billion, 2019- 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of APAC
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of LA
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of MEA
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Modified Polypropylene Market Insights
- 4.1. Modified Polypropylene Market - Industry Snapshot
- 4.2. Modified Polypropylene Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Demand from End-Use Industries
- 4.2.1.2. Favorable regulatory norms
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Food safety in packaging solutions
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Modified Polypropylene Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Modified Polypropylene Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Modified Polypropylene, by Type, 2019-2032 (USD Billion)
- 5.3. Physical Modification
- 5.3.1. Global Modified Polypropylene Market, by Physical Modification, by Region, 2019-2032 (USD Billion)
- 5.4. Chemical Modification
- 5.4.1. Global Modified Polypropylene Market, by Chemical Modification, by Region, 2019-2032 (USD Billion)
6. Global Modified Polypropylene Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 6.3. Automotive
- 6.3.1. Global Modified Polypropylene Market, by Automotive, by Region, 2019-2032 (USD Billion)
- 6.4. Building & Construction
- 6.4.1. Global Modified Polypropylene Market, by Building & Construction, by Region, 2019-2032 (USD Billion)
- 6.5. Packaging
- 6.5.1. Global Modified Polypropylene Market, by Packaging, by Region, 2019-2032 (USD Billion)
- 6.6. Medical
- 6.6.1. Global Modified Polypropylene Market, by Medical, by Region, 2019-2032 (USD Billion)
- 6.7. Electrical & Electronics
- 6.7.1. Global Modified Polypropylene Market, by Electrical & Electronics, by Region, 2019-2032 (USD Billion)
- 6.8. Others
- 6.8.1. Global Modified Polypropylene Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Modified Polypropylene Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Modified Polypropylene Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Modified Polypropylene Market - North America
- 7.3.1. North America: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Modified Polypropylene Market - U.S.
- 7.3.3.1. U.S.: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Modified Polypropylene Market - Canada
- 7.3.4.1. Canada: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4. Modified Polypropylene Market - Europe
- 7.4.1. Europe: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Modified Polypropylene Market - UK
- 7.4.3.1. UK: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Modified Polypropylene Market - France
- 7.4.4.1. France: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.4.2. France: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Modified Polypropylene Market - Germany
- 7.4.5.1. Germany: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Modified Polypropylene Market - Italy
- 7.4.6.1. Italy: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Modified Polypropylene Market - Spain
- 7.4.7.1. Spain: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Modified Polypropylene Market - Netherlands
- 7.4.8.1. Netherlands: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Modified Polypropylene Market - Russia
- 7.4.9.1. Russia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.5. Modified Polypropylene Market - Asia Pacific
- 7.5.1. Asia Pacific: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Modified Polypropylene Market - China
- 7.5.3.1. China: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.5.3.2. China: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Modified Polypropylene Market - India
- 7.5.4.1. India: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.5.4.2. India: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Modified Polypropylene Market - Malaysia
- 7.5.5.1. Malaysia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Modified Polypropylene Market - Japan
- 7.5.6.1. Japan: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Modified Polypropylene Market - Indonesia
- 7.5.7.1. Indonesia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Modified Polypropylene Market - South Korea
- 7.5.8.1. South Korea: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.6. Modified Polypropylene Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Modified Polypropylene Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Modified Polypropylene Market - UAE
- 7.6.4.1. UAE: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Modified Polypropylene Market - Israel
- 7.6.5.1. Israel: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Modified Polypropylene Market - South Africa
- 7.6.6.1. South Africa: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.7. Modified Polypropylene Market - Latin America
- 7.7.1. Latin America: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Modified Polypropylene Market - Mexico
- 7.7.3.1. Mexico: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Modified Polypropylene Market - Brazil
- 7.7.4.1. Brazil: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Modified Polypropylene Market - Argentina
- 7.7.5.1. Argentina: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Arkema
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Covestro AG
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Kingfa Sci. & Tech Co., Ltd.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. LG Chem
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. LyondellBasell Industries Holdings B.V.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. PetroChina Company Limited
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. PolyPacific
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. SABIC
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Fuzhou Topda New Material Co., Ltd.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. UNINKO
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Xiamen Keyuan Plastic Co.,Ltd
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. COACE Chemical Company Ltd
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
List of Tables
- Table 1 Global Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 2 Global Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 3 Modified Polypropylene Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 5 North America: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 7 U.S.: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 8 Canada: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 9 Canada: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 10 Europe: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 11 Europe: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 12 UK: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 13 UK: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 14 France: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 15 France: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 16 Germany: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 17 Germany: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 18 Italy: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 19 Italy: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 20 Spain: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 21 Spain: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 23 Netherlands: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 24 Russia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 25 Russia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 28 China: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 29 China: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 30 India: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 31 India: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 33 Malaysia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 34 Japan: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 35 Japan: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 37 Indonesia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 39 South Korea: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 44 UAE: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 45 UAE: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 46 Israel: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 47 Israel: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 49 South Africa: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 51 Latin America: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 53 Mexico: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 55 Brazil: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Modified Polypropylene Market, by Application, 2019-2032 (USD Billion)
- Table 57 Argentina: Modified Polypropylene Market, by Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Modified Polypropylene Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Modified Polypropylene Market, by Application, 2022 & 2032 (USD Billion)
- Figure 8 Market by Type
- Figure 9 Global Modified Polypropylene Market, by Type, 2022 & 2032 (USD Billion)
- Figure 10 Modified Polypropylene Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Modified Polypropylene Market
