Andhra Pradesh Journal

Press Release

Bio Polypropylene (PP) Market is projected to hit 18.1 kilo tons by 2022: Fractovia

January 17
09:30 2017

Europe biobased PP market size was the leading region with a revenue generation estimates at over USD 11 million and is anticipated to witness steady gains over the forecast period. U.S. biobased PP market size accounted for over 30% of the overall demand and is likely witness significant growth at an estimated CAGR of over 6.2% from 2015 to 2022.
Rising investments in R & D initiatives and mergers & acquisitions by key market players with an aim to perk up their product portfolio and boost production capacity is driving the market. Some key industry players include Trellis Earth Products, Biobent, Polymers, Global Bioenergies, Dow Chemicals and Braskem.

Bio Polypropylene (PP) Market revenue is expected to grow significantly over the coming years, owing to its wide applications across utility, automobiles, medical and packaging sectors. As per Global Market Insights, Inc Growing demand of lightweight materials to manufacture vehicles to lower fuel consumption is expected to propel the market size.Bio polypropylene is similar to synthetic PP. It is a thermoplastic polymer obtained several natural sources like beet, corn and sugarcane through fermentation or gasification method. Owing to its properties like high melting point, stretchable, good fatigue, lightweight, etc, PP finds applications in various end user industries like automobiles, packaging, medical devices, pipe systems and textiles.‘BOPP (biaxially oriented polypropylene) films’ is a new application of bio PP and is used in food packaging. Furthermore, Australia, New Zealand, Canada, and Singapore are using BOPP for currency notes. “England, from September of this year, will be added to this list for using BOPP to manufacture plastic banknotes”.

Growing application scope is likely to perk up bio-based PP use in pipe systems, textiles, and automobiles, medical and packaging. The majority of plastics used in automobiles are polypropylene to aid the weight reduction to achieve lower carbon footprint. Asia and South America are key regional markets, projected to register higher gains owing to abundance of raw material.

Request for sample copy of this report @ https://www.fractovia.org/request-sample/102   

Injection molding application is projected to register significant growth owing to their use in manufacturing of injection molded parts for several applications including electronics, automotive, construction and packaging. Textile applications are likely to observe below average gains during the projected period. Environmental concerns about the production and usage of synthetic polypropylene have considerably given a push to the growth of global market. Furthermore, escalating prices of petroleum based feedstock is also resulting into a global shift from synthetic polypropylene to bio pp. The encouraging policies of Environment Protection Agency (EPA) are supporting the global market growth.

At present, PET and PLA are the competitors of bio polypropylene. Moreover, the growing shale gas availability, resulting into petroleum based feedstock reduction can restrain the market growth. Asia Pacific is anticipated to continue its dominance and witness significant growth during the estimated period owing to surge in construction and automotive industries in Indonesia, India and China. Europe dominates the global bio PP market in terms of both production and demand followed by North America and Asia-Pacific.

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U.S. biobased PP market size accounted for over 30% of the overall demand and is likely witness significant growth at an estimated CAGR of over 6.2% from 2015 to 2022.

Rising investments in R & D initiatives and mergers & acquisitions by key market players with an aim to perk up their product portfolio and boost production capacity is driving the market. Some key industry players include Trellis Earth Products, Biobent, Polymers, Global Bioenergies, Dow Chemicals and Braskem.

Read full market research report Biobased Polypropylene (PP) Market Size By Application (Textile, Injection, Films), Industry Analysis Report, Regional Outlook, Downstream Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022”, please click on the link below:

https://www.fractovia.org/news/industry-research-report/bio-polypropylene-pp-market

Browse Related report

  • Biosurfactants Market Size By Product (Sophorolipids, Rhamnolipids, Alkyl Polyglucosides [APG], Methyl Ethyl Sulfonates [MES], Sucrose Esters, Sorbitan Esters), By Application (Household Detergents, Personal Care, Industrial Cleaners, Food Processing, Oilfield Chemicals, Agricultural Chemicals, Textiles), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Japan, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/biosurfactants-market-report

About Fractovia

Fractovia.org is one of India’s leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe.

Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue.

We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

Media Contact
Company Name: Fractovia.org
Contact Person: Arun Hegde
Email: Send Email
Phone: 1-888-689-0688
Address:29L Atlantic Avenue, Suite L 105
City: Ocean View
State: Delaware
Country: United States
Website: https://www.fractovia.org/news/industry-research-report/bio-polypropylene-pp-market

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