Value Stream Mapping (VSM) is a tool considered as a starting point for lean manufacturing and it is responsible for identifying the various types of wastes existing in an organization and making visible the operations that add value to the product, providing the possibility of continuous improvements. This article aims to analyze the polypropylene manufacturing process in a thermoplastic recovery industry located in the south of Santa Catarina through the VSM, identifying the specific contributions generated by the tool, which show the different types of waste and improve the understanding of the whole process. The article was based on the case study method, based on bibliographical research. The results showed that the VFM indicated some changes and, with a relatively low investment in new equipment, will allow the reduction of the lead time of each ton produced, reduction of the cycle time in two sectors, reduction of the idle times of the operators, reduction of intermediate stocks, reduction in handling through forklifts and increase of the OEE index, bringing great advantages to the productive process.