The global polypropylene market was valued at USD 77.46 billion in 2012 and is expected to reach USD 124.01 billion by 2019, growing at a CAGR of 6.3% from 2013 to 2019.Growing demand from end-use industries such as packaging, automotive and consumer products is expected to drive the polypropylene market. In addition, factors such as changing lifestyles and increasing disposable incomes in Asia Pacific are further driving the market for various end-use industries. However, growing environmental issues and volatile raw material prices are expected to inhibit the market growth. Increasing demand for bio-based polypropylene has shifted the focus of polypropylene manufacturers from synthetic to bio-based polypropylene.
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