The Market Reports

Synopsis
The global market for Modified Polypropylene (PP) was estimated to be worth US$ 66840 million in 2024 and is forecast to a readjusted size of US$ 142160 million by 2031 with a CAGR of 11.1% during the forecast period 2025-2031.

Modified Polypropylene (PP) is based on the improvement of the performance of polypropylene raw materials, such as enhancing the impact, tensile strength, elasticity, etc. Polypropylene can be modified by toughening, filling, strengthening, blending and other modification methods to obtain new materials with different properties, which are widely used in automobiles, home appliances and other fields.

The current mainstream polypropylene modification methods can be summarized as chemical modification and physical modification. Specifically, there are grafting modification, copolymerization modification, cross-linking modification, blending modification, etc. Physical modification is the most important product type, accounting for 56%.

From the perspective of product market application, it is mainly electrical appliances and automobiles. Among them, electrical appliances are the most important application, accounting for 48%.
The market competition is fierce. Jinfa, Guoen Shares, Dawn Shares, Shanghai Pulite, SABIC, and Silver Jubilee are the main modified polypropylene manufacturers. The top five manufacturers occupy 27% of the market share.

Market development trend
High performance:
With the increasing demand for high-performance materials in the downstream market, modified polypropylene will develop in the direction of high performance. High-performance modified polypropylene has better physical properties, chemical stability and processing performance, and can meet a wider range of application needs.

Environmental protection:
With the continuous improvement of environmental awareness, modified polypropylene will develop in the direction of environmental protection. Environmentally friendly products such as bio-based modified polypropylene and degradable modified polypropylene will gradually become the mainstream of the market.

Diversification:
The application areas of modified polypropylene will continue to expand, extending from traditional fields such as automobiles and home appliances to emerging fields such as new energy and aerospace. This will promote the diversified development of the modified polypropylene market.

This report aims to provide a comprehensive presentation of the global market for Modified Polypropylene (PP), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Modified Polypropylene (PP) by region & country, by Type, and by Application.

The Modified Polypropylene (PP) market size, estimations, and forecasts are provided in terms of sales volume (K Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Modified Polypropylene (PP).

Market Segmentation
By Company

• LG Chem
• Hanwha Total Petrochemical
• KINGFA SCI. & TECH.
• Silver Age Sci &tech
• Shanghai Pret Composites
• SABIC
• Avient
• RTP Company
• Nanjing Julong Science & Technology
• Shandong Dawn Polymer
• Qingdao Gon Technology

Segment by Type

• Physical Modification PP
• Chemical Modification PP

Segment by Application

• Electrical Appliances
• Automotive
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.