The global polypropylene market size

The global polypropylene market size was estimated to be USD 123.46 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The growth of the market is expected to be driven by the increasing consumption of polypropylene (PP) in end-use industries such as automotive, packaging, and building & construction. The growing utilization of PP in the automotive sector to manufacture lightweight vehicles for increased fuel efficiency is anticipated to be a major factor driving the market over the forecast period. However, the supply of PP has been hugely affected owing to the outbreak of COVID-19 in 2020.