2026 Polypropylene (PP) Market Development Report

Polypropylene is a thermoplastic resin produced by the polymerization of propylene monomers, abbreviated as PP. Depending on the polymerization process and molecular structure, it is mainly divided into homopolymer polypropylene (PPH), random copolymer polypropylene (PPR), and block copolymer polypropylene (PPB). Polypropylene is the second largest general-purpose plastic after polyethylene, holding an irreplaceable position in packaging, building materials, and automotive lightweighting, with broad development prospects.

World Polypropylene Supply and Demand Analysis and Forecast

World polypropylene production capacity continues to grow. In 2025, world polypropylene production capacity increased by 5.0% year-on-year, output increased by 3.1% year-on-year, and the average plant operating rate was 75.5%, a decrease of 1.3 percentage points year-on-year.

World polypropylene production is mainly concentrated in Northeast Asia, the Middle East, and North America. In 2025, Northeast Asia accounted for 54.5% of the world's total polypropylene production capacity, ranking first; the Middle East accounted for 9.0%; and North America accounted for 8.8%.

The top ten polypropylene producers in the world account for 37% of the total production capacity. Sinopec is the world's largest producer, accounting for 9.2% of global capacity; LyondellBasell and PetroChina rank second and third, respectively.

Global polypropylene consumption is mainly concentrated in Northeast Asia, India and Pakistan, and North America. In 2025, Northeast Asia accounted for 48.6% of global polypropylene consumption, ranking first; India and Pakistan accounted for 10.3%; and North America accounted for 9.0%.

In 2024, the total international trade volume of polypropylene reached US$25.98 billion, a year-on-year increase of 7.1%, with a total trade volume of 21.553 million tons, a year-on-year increase of 8.5%. In terms of price, the average export price of polypropylene worldwide was US$1205.4 per ton, a year-on-year decrease of 1.3%.

Global polypropylene imports mainly come from China, Turkey, and India, accounting for approximately 24.4% of total global imports; polypropylene exports mainly come from Saudi Arabia, China, and South Korea, accounting for 38.6% of total global exports.

With the commissioning of new and expanded polypropylene plants in Northeast Asia, the Middle East, and India and Pakistan, global polypropylene production capacity is projected to reach nearly 130 million tons per year by 2027, with an average annual growth rate of 4.4% from 2023 to 2027, while demand is expected to grow at an average annual rate of 3.1%.

China's Polypropylene Supply and Demand Status and Forecast

China's polypropylene production capacity is growing rapidly. In 2025, China's polypropylene production capacity is projected to increase by 15.5% year-on-year, while output is projected to increase by 16.1% year-on-year; the average annual operating rate is expected to be approximately 81.2%.
The new capacity added in 2025 will mainly come from plants such as Zhenhai Refining & Chemical, Guangxi Petrochemical, ExxonMobil (Huizhou) Chemical, Shandong Yulong Petrochemical, Fujian Zhongjing Petrochemical, Inner Mongolia Baofeng Coal-based New Materials, and Ningbo Daxie Petrochemical. In recent years, the market share of private enterprises has gradually increased, leading to a decrease in industry concentration.

In 2025, China's apparent consumption of polypropylene is projected to increase by 13.6% year-on-year; the self-sufficiency rate is projected to be 101.6%, an increase of 2.2 percentage points year-on-year. Polypropylene has a wide range of downstream applications, used in all aspects of life, from everyday food wrap to car bumpers. In the polypropylene consumption structure, fiber-drawing has consistently been the leading sector, primarily used in plastic weaving, rope making, and fishing nets, accounting for approximately 32% of polypropylene consumption in 2025.

China has shifted from a net importer to a net exporter of polypropylene for the first time. In 2025, China's polypropylene imports reached 2.119 million tons, a year-on-year decrease of 10.1%; exports reached 2.745 million tons, a year-on-year increase of 27.0%. General trade is the primary method of polypropylene imports for China, accounting for 73.9% of total imports; processing trade is the second largest, accounting for 15.4%. The main sources of polypropylene imports are South Korea, Japan, and the UAE, which together account for 43.5% of total polypropylene imports.

China's polypropylene production capacity is still in a phase of rapid growth, which will exacerbate the supply-demand imbalance. According to incomplete statistics, China plans to add 19 new polypropylene plants before 2027, with a new capacity of approximately 7.5 million tons per year. The main raw material sources are oil-based and propane-based, leading to a redistribution of the market landscape.

The above excerpt is from the *China Petroleum and Chemical Bulk Products Annual Report* (2026 Edition).

Refreshed and Upgraded, Four Chapters: Multi-Dimensional Coverage, Precisely Adapting to Diverse Needs

The 2026 edition of the *Report* upholds tradition while innovating and undergoes a comprehensive upgrade. While maintaining the existing framework and writing style, it further optimizes the content structure, expands data coverage, and enhances the continuity, completeness, and readability of the data. The four core chapters, starting with enterprises, focusing on the market, and extending to cutting-edge technologies, construct a multi-chain analysis system encompassing "listed companies - specialized data - market - hot products."

01 Chemical Industry Listed Companies Section | New and Significant Addition

Systematically analyzes the 2025 operating data of 790 listed petrochemical companies in Shanghai, Shenzhen, and Beijing, creating:
Summary of Operating Performance by Province/City
Overview of Operating Performance
Ten Targeted Investment Promotion Targets
Focusing on ten key sectors including strategic emerging industries, specialized and innovative "little giants," electronic chemicals, and new chemical materials. Providing strong data support for precise investment promotion in industrial parks, industrial layout, supply chain completion, sector cultivation, corporate strategic analysis, investment cooperation, and benchmarking development.

02 Featured Data Summary | A Decade of Historical Data

Continuously expanding and upgrading, covering:

National Apparent Consumption Calculation Table for Major Petroleum and Chemical Products
Includes previous year's apparent consumption calculation data and year-on-year comparisons for 157 products in 9 major categories, including energy and its processed products, chemical minerals and agricultural chemical products, inorganic chemical raw materials, organic chemical products, synthetic resins, synthetic fiber monomers (polymers), synthetic rubber and additives, synthetic fibers, and plastic films. Indicators include output, imports, exports, apparent consumption, self-sufficiency rate, and import dependence.

Annual Price Situation Table for Major Petroleum and Chemical Products
Includes price monitoring data for nearly 10 years for 95 products in 7 major categories, including oil products and other energy products, inorganic chemical raw materials, organic chemical raw materials, fertilizers, synthetic resins and polymers, synthetic fiber monomers, and rubber and its products.

National Petroleum and Chemical Industry Regional Major Economic Data Table
This table includes provincial economic data, rankings, and year-on-year comparisons for nine major industry categories and combinations: oil and gas extraction, oil, coal and other fuel processing, chemical raw materials and chemical products manufacturing, chemical fiber manufacturing, rubber and plastic products manufacturing, petrochemical industry, petrochemical industry, and upstream and downstream petrochemical industries. Indicators include assets, liabilities, revenue, profit, number of employees, revenue profit margin, asset-liability ratio, and revenue per capita.
The data is continuous, complete, and accurate, serving as both the foundation for research and the basis for judgment.

03 Bulk Commodity Market Section | 76 Core Products, Full-Chain Data Analysis

Product range expanded! Five new key products have been added: oil refining, polyether polyols, hexamethylenediamine, metallocene polyethylene, and POE, bringing the total number of products to 76.

Covering categories such as energy and its processed products, organic chemicals, synthetic fiber monomers (polymers), synthetic resins, synthetic rubber, and inorganic chemical raw materials.

Each product forms a self-contained system, with historical supply and demand data traceable back to 2012.

Helping companies accurately grasp opportunities in niche markets.



Closely following industry hot topics, this section features 10 core topics: Global Leading Chemical Companies Dynamics Report (2025), High-Dependence Chemical New Materials, Lithium-ion Battery Cathode Materials, Electronic Chemicals, Bio-based Materials, Next-Generation Refrigerants, Low-Altitude Economy, Humanoid Robots, Pesticides, and Pharmaceuticals. It benchmarks domestic and international industry status, analyzing technological barriers, market potential, and competitive landscape. Each article strives to closely address industry hot topics and respond to key concerns.

Providing forward-looking guidance for new track layout, technological innovation breakthroughs, and the implementation of green transformation.