Global Bio Polypropylene Market, By Source (Corn, Sugar Cane, Vegetable Oil, Other Biomass), Application (Injection, Textile, Films, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bio Polypropylene Market
The bio polypropylene market is expected to witness market growth at a rate of 5.42% in the forecast period of 2021 to 2028 and is expected to reach USD 76.92 million by 2028. Data Bridge Market Research report on bio polypropylene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in product consumption in automobiles is escalating the growth of bio polypropylene market.
Polypropylene (PP) refers to a thermoplastic polymer with a melting point of approximately 165°C and makes it suitable for using in certain plastic items such as medical products and dishwasher safe containers. Bio based polypropylene are known to possess similar characteristics to synthetic polypropylene, though it is manufactured from bio-based raw materials such as corn, sugarcane and beet. These products are utilized across several industries such as automobiles, textiles, packaging, medical devices and pipe systems. They are also used in plastic living hinges such as those on flip-top bottles owning to its good fatigue properties.
The rising demand for lightweight automotive materials especially polymers act as one of the major factors driving the growth of bio polypropylene market. The shift in preference towards eco-friendly polymers among automobile manufacturers and rise in adoption of specialty polymers to improve the downsizing among the automobiles accelerate the bio polypropylene market growth. The implementation of stringent regulations in various regions such as Europe, North America and Asia-Pacific focusing on reducing the carbon emissions from vehicles and increasing popularity of the product because of its light weight nature further influence the bio polypropylene market. Additionally, increase in use of polypropylene films in various applications such as food packaging, and shrink films, rapid urbanization and industrialization, increasing research and development activities and growth in awareness regarding environmental impact and implementation of stringent regulations positively affect the bio polypropylene market. Furthermore, new innovations focusing on improved usability and operational efficiency extend profitable opportunities to the bio polypropylene market players in the forecast period of 2021 to 2028.
On the other hand, increasing availability of substitute products such as bio based PET and PLA and presence of synthetic polymers are the factors expected to obstruct the bio polypropylene market growth. The rise in concerns regarding the production of various crude oil derivatives favoring the demand for synthetic polypropylene and fluctuation in raw material prices are projected to challenge the bio polypropylene market in the forecast period of 2021-2028.
This bio polypropylene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bio polypropylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bio Polypropylene Market Scope and Market Size
The bio polypropylene market is segmented on the basis of source and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the bio polypropylene market is segmented into corn, sugar cane, vegetable oil and other biomass.
- On the basis of application, the bio polypropylene market is segmented into injection, textile, films and others.
Global Bio Polypropylene Market Country Level Analysis
The bio polypropylene market is analyzed and market size, volume information is provided by country, source and application as referenced above.
The countries covered in the globally bio polypropylene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the bio polypropylene market because of the presence of regulations that support the use of bio-based polymers owing to high biomass content and low GHG emissions during manufacturing and high adoption of bio-based polymers. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 due to the high demand for automobiles, rise in disposable income of consumers, consumer preference towards eco-friendly materials and presence of improved infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bio Polypropylene Market Share Analysis
The bio polypropylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bio polypropylene market.
The major players covered in the bio polypropylene market report are Biobent Polymers, FKuR Kunststoff GmbH, LyondellBasell Industries Holdings, China Petrochemical Corporation, Exxon Mobil Corporation, INEOS, Dow, Washington Penn Plastic Co., Inc., Braskem, Solvay S.A., Global Bioenergies, SABIC, Mitsui Chemicals among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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