In 2023, the global average price of polypropylene (PP) was 968 U.S. dollars per ton – a decrease of 165 U.S. dollars, compared with the previous years.
The global polypropylene market
The global polypropylene market was valued at 120.94 billion U.S. dollars in 2022. The market size had been growing annually until 2020, when the market size reduced as a result of the COVID-19 pandemic. The global PP market is projected to continue growing over the next decade, registering a CAGR of 3.5 percent during the forecast period of 2022 to 2030 to reach a value of 159.87 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.
Price of polypropylene worldwide from 2017 to 2023
(in U.S. dollars per metric ton)
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Krungsri Research. (July 10, 2024). Price of polypropylene worldwide from 2017 to 2023 (in U.S. dollars per metric ton) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1171084/price-polypropylene-forecast-globally/
Krungsri Research. "Price of polypropylene worldwide from 2017 to 2023 (in U.S. dollars per metric ton)." Chart. July 10, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1171084/price-polypropylene-forecast-globally/
Krungsri Research. (2024). Price of polypropylene worldwide from 2017 to 2023 (in U.S. dollars per metric ton). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1171084/price-polypropylene-forecast-globally/
Krungsri Research. "Price of Polypropylene Worldwide from 2017 to 2023 (in U.S. Dollars per Metric Ton)." Statista, Statista Inc., 10 Jul 2024, https://www.statista.com/statistics/1171084/price-polypropylene-forecast-globally/
Krungsri Research, Price of polypropylene worldwide from 2017 to 2023 (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1171084/price-polypropylene-forecast-globally/ (last visited November 23, 2024)
Price of polypropylene worldwide from 2017 to 2023 (in U.S. dollars per metric ton) [Graph], Krungsri Research, July 10, 2024. [Online]. Available: https://www.statista.com/statistics/1171084/price-polypropylene-forecast-globally/
