Polypropylene Market Size Worth $151.8 Billion By 2028 | CAGR: 3.4%
Polypropylene Industry Overview The global polypropylene market size is expected to reach USD 151.8 billion by 2028, according to a report by Grand View Research, Inc., expanding at a CAGR of 3.4% from 2021 to 2028. Increasing product demand from the packaging, automotive, electrical and electronics, and a few other application industries is expected to propel market growth. Moreover, growing demand for lightweight product from these sectors is expected to be a key driver for the market. Polypropylene Market Segmentation Grand View Research has segmented the global polypropylene market report on the basis of type, process, application, end use, and region: Based on the Type Insights, the market is segmented into homopolymer and copolymer. Homopolymer led the market and accounted for 83.4% share of the global revenue in 2020. Rising application of homopolymer polypropylene in manufacturing of various components, such as orthotic and prosthetic devices, pump componen...