Data Bridge Market Research analyses that the bio-based polypropylene (PP) market was valued at USD 72.70 million in 2021 and is expected to reach USD 117.01 million by 2029, registering a CAGR of 6.13 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Bio-based polypropylene is a polymer which has manufactured from natural materials such as vegetable oil and some other biomass. The properties of bio-based polypropylene are related to synthetic polypropylene. This polymer is mainly used in textiles, film, injection molding, and other applications. Due to several factors such as increased product corn, sugar cane, and automobile consumption. The global bio-based polypropylene market is witnessing an enormous growth during forecast period.
Opportunities
- Technological advancement and high investment
Rapid technological advancements in lucrative manufacture techniques and high investment for R&D activities in order to supply innovative products are factors anticipated to generate new opportunities for companies operating in the target market during forecast period
Bio-Based Polypropylene (PP) Market Share Analysis
The bio-based polypropylene (PP) 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-based polypropylene (PP) market.
Some of the major players operating in the bio-based polypropylene (PP) market are:
- Borealis AG (Austria)
- Braskem (Brazil).
- Mitsui Chemicals, Inc. (Japan).
- Novamont SpA (Italy)
- LyondellBasell Industries Holdings B.V (Netherland).
- NaturePlast (France)
- Neste (Finland)
- Global Bio-Energies (France),
- Trellis Earth Products, Inc. (US)
- Biobent management sevices Inc. (US)
- Dow (US)
- Washington Penn (US)
- Solvay (Beigum)
- FKuR (Germany)
- China Petrochemical Corporation (China)
- Exxon Mobil Corporation (US)
- INEOS (UK)
- SABIC (Saudi Arabia)
Global Bio-Based Polypropylene (PP) Market Scope
The bio-based polypropylene (PP market is segmented on the basis of products, usage, capacity, size, sealing and handle, shape, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users
Product
- Sugars
- Starch
- Lignocellulosic Biomass
Application
- Injections
- Films
- Textile
- Others
Bio-Based Polypropylene (PP) Market Regional Analysis/Insights
The bio-based polypropylene (PP) market is analysed and market size insights and trends are provided by country, products, usage, capacity, size, sealing and handle, shape, distribution channel and end-user as referenced above.
The countries covered in the bio-based polypropylene (PP) market report are 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the bio-based polypropylene (PP) market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for this region's bio-based polypropylene (PP) market. The Asia-Pacific region dominates the bio-based polypropylene (PP) market, with China leading bio-based polypropylene (PP) market due to presence of synthetic PP product. Due of the ease due to presence of synthetic PP product, China is leading the Asia-Pacific market.
During the projected period, North America is expected to be the fastest developing region due to their high biomass content, lightweight, and low GHG emission during manufacturing would drive this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
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