#ppmanufacturing

Indian Polypropylene Market Overview

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PP owns quite similar properties as that of polyethylene, however, it possesses greater resistance toward heat than polyethylene. It is mainly referred to as commodity plastic as it is mainly used in the manufacturing of packaging products such as bottles and bags. Polypropylene is known as a thermoplastic polymer that softens upon heating and can be remolded. The major advantages associated with the use of polypropylene are flexibility, toughness, large thermal expansion, resistance to organic solvent and weak oxidizing agent and high resistance to fatigue.

Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The industries such as packaging, automotive, textile and consumer goods including many others have experienced pitfalls. The production and demand in these industries have declined due to an interrupted supply chain and the cessation of transportation. With the pause in industrial production and distribution, the demand and consumption of polypropylene have been hampered to an extent in several industries in India. Moreover, a decrease in the demand for electrical and electronics has also hampered the Indian polypropylene market size during the pandemic.

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Report Coverage

The report: “Indian Polypropylene Market Report — Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Indian polypropylene industry.

By Type: Homopolymer and Copolymer (Block and Random).

By Process: Injection Molding, Blow Molding, Extrusion, Compression Molding, Rotational Molding and Others.

By Structure: Atactic, Isotactic and Syndiotactic.

By Application: Fiber and Raffia, Film and Sheet, Foam, Tape and Others.

By End-Use Industry: Packaging (Rigid Packaging and Flexible Packaging), Automotive (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicle), Building & Construction (Residential, Commercial and Industrial), Medical (Syringes, Medical Vials, Pill Containers and Others), Electrical & Electronics, Agriculture, Consumer Goods, Textile, Furniture and Others.

Key Takeaways

The remarkable growth in the packaging industry is driving the growth of Indian polypropylene market.

Polypropylene plays an important role in several industries such as building and construction, medical, electrical and electronics and consumer goods which are expected to provide significant growth opportunities to increase Indian polypropylene market size in coming years.

Increase in automotive production in India is expected to provide substantial growth opportunities for the industry players in near future in Indian polypropylene industry.

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Indian Polypropylene Market Segment Analysis — By Type

The Homopolymer polypropylene segment held the largest Indian Polypropylene Market share in 2021, with a share of over 62%. Homopolymer polypropylene is a widely-used general-purpose grade of polypropylene. It comprises of propylene monomer in a semi-crystalline solid form. As compared to copolymer, homopolymer owns high strength-to-weight ratio and strength. It holds beneficial properties such as impact resistance, chemical resistance, processability and corrosion resistance. It is widely utilized in applications such as automotive, packaging, healthcare, textile and electrical and electronics. Thus, the beneficial properties associated with the use of copolymer polypropylene is boosting the market growth.

Indian Polypropylene Market Segment Analysis — By End-Use Industry

The packaging segment is expected to grow at the fastest CAGR of 10.2% during the forecast period in the Indian Polypropylene Market. Polypropylene is one of the most widely used materials for packaging applications owing to its low cost, superior barrier properties, high strength and better surface finish. It is also the preferred material for food packaging applications owing to its excellent optical clarity in combination with its low vapor-moisture transmission. It is utilized in several packaging applications such as stationery folders, storage boxes, bottles and crates. Thin-walled polypropylene containers are majorly used in food items packaging. It is also used in several packaging applications such as packaging of consumer products and plastic parts for numerous industries such as automotive, special devices and textile. It can be used in both rigid and flexible packaging. Thus, the increase in demand from the packaging industry is boosting the market growth of the polypropylene market.

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Indian Polypropylene Market Drivers

Surge in production of automotive

Polypropylene is widely used in automotive applications owing to its low cost and superior mechanical properties. The automotive industry accounts for a substantial share of Indian polypropylene market share. It is utilized to produce a wide range of automotive parts such as battery trays and cases, fender liners, bumpers, door trims, interior trim and instrumental panels. These are majorly used in owing to its beneficial properties such as stiffness, processability, superior weatherability and high chemical resistance. There are different types of polypropylenes which is used in automotive applications such as homopolymer, impact copolymer and expanded polypropylene. According to Indian Brand Equity Foundation (IBEF), the government of India is expecting that the automobile sector would attract US$8–10 billion in local and foreign investment by 2023. Thus, growth in the automotive sector is further propelling the demand for polypropylene in the Indian market.

Increase in adoption in the packaging industry

Polypropylene is extensively used in packaging applications for both rigid and flexible packaging. It is mainly applicable to the packaging of major sectors such as food and confectioneries, tobacco and clothing. In rigid packaging, it is utilized to manufacture caps and closures, pallets, bottles, crates and jars. It is utilized for the packaging of food products, cleaning products, bleaches and first-aid products. The properties such as fatigue resistance, high chemical resistance and durability make it a suitable material for packaging. It is majorly utilized as a packaging material as it is waterproof and resistant to moisture. It is resistant to wear, tear and fatigue which makes it suitable for applications that require a high level of physical stress. PP is used for a wide range of industries for packaging such as food and beverages, personal care and cosmetics, household and medical and healthcare. According to the Packaging Industry Association of India, packaging is one of the high-growth industries in India which is growing at around 22–25% per annum. India is becoming a suitable hub for the packaging industry. Thus, growth in the packaging industry is boosting the demand for polypropylene and it also accounts for a significant share of Indian polypropylene market share.

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Indian Polypropylene Market Challenges

Availability of substitute material

Polypropylene is widely used in a range of applications such as food packaging, automotive, personal care and cosmetics, agriculture, consumer goods and medical including many others owing to its low cost and superior properties. However, there is a range of sustainable alternative materials available for PP materials such as paper and bioplastics. Along with this, a new version of flexible PLA is expected to replace PP in food packaging applications. Also, other plastics such as polyethylene, polystyrene, polyethylene terephthalate and polyvinyl chloride. Thus, the availability of substitute materials may hamper market growth.

Indian Polypropylene Industry Outlook

The top 10 companies in the Indian polypropylene market are:

Reliance Industries Limited (RIL)

HMEL (HPCL-Mittal Energy Ltd)

Indian Oil Corporation Limited (IOCL)

Haldia Petrochemicals Limited (HPL)

Mangalore Refinery and Petrochemicals Ltd. (MRPL)

ONGC Petro additions Ltd. (OPaL)

Brahmaputra Cracker and Polymer Limited (BCPL)

Kingfa Science & Technology (India) Limited

Milliken Chemical

Exxon Mobil Corporation

Recent Developments

In June 2020, Indian Oil Corporation announced the selection of LyondellBasell’s Spheripol technology for its new facility in Haryana, India with a polypropylene production capacity of 450 KTA.

In August 2019, Haldia Petrochemicals Ltd (HPL) invested Rs. 8,000 crores in a naphtha cracker unit and polypropylene facility in Odisha.

In February 2019, HPCL-Mittal Energy Ltd. selected LyondellBasell’s Spheripol polypropylene process technology for its new 500 KT polypropylene plant in Bhatinda, India. This process offers low operating and capital costs, superior operability and wide product capability.

Relevant Reports

Polypropylene Foams Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2021–2026 Report Code: CMR 43241

Polypropylene Catalyst Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022–2027 Report Code: CMR 1323

Global Polypropylene Fibers Market — Forecast(2022–2027) Report Code: CMR 55747