As China’s polypropylene (PP) industry continues to expand, production capacity is set to increase significantly. By the end of 2024, 2.75 million tons of new capacity will be added, with an additional 6.355 million tons planned for Q4. Many new plants are adopting refining-integrated technologies, enhancing production efficiency, extending the supply chain, and lowering costs. As a result, single-line production capacities are increasing to 150,000-300,000 tons per year, with some plants reaching up to 500,000 tons per year.

Despite this rapid growth, supply-demand imbalances are expected to persist. China's high-end PP market, including products like high-transparent PP, foam PP, and ultra-low ash PP, still relies heavily on imports due to technological limitations. High-end applications in medical and automotive industries demand strict quality controls, meaning some customers prefer foreign brands. However, ongoing technological advancements and capacity upgrades are expected to reduce dependence on imports, boosting domestic production of high-end PP grades.

Meanwhile, with excess domestic production capacity, Chinese PP manufacturers are increasingly looking toward export markets. From 2019 to 2023, China’s PP exports grew steadily, with exports surpassing 300,000 tons for the first time in March 2024. Products like homopolymer PP, PP yarn, PP fiber, and PP injection molding are seeing strong demand globally. As product quality improves and high-end production increases, China’s PP export potential is expanding, making international markets a key growth direction.

In summary, China's PP industry will continue to expand in capacity and market presence, positioning itself as a leading global supplier. With ongoing technological improvements and a focus on high-end products, China is poised to play a central role in the global PP market.