MarketResearch.biz delivers in-depth insights on the global bio-based polypropylene market in its upcoming report titled, “Global Bio-based Polypropylene Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global bio-based polypropylene market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bio-based polypropylene market report has been segmented on the basis of application and region.
Bio-based polypropylene is a thermoplastic elastomer with a higher melting point. The higher melting point makes it eligible for use in medical products and dishwasher safe containers. Bio-based polypropylene has similar characteristics of synthetic polypropylene. Bio-based polypropylene is manufactured from biomass, corn, vegetable oil, and bio-diesel. Synthetic polypropylene is manufactured from petroleum in a process which results in a large amount of greenhouse gas emissions. Increasing adoption of bio-based polypropylene to reduce the dependency on petroleum will in turn reduce the environmental damage.
Increasing demand for bioplastics and numerous regulatory initiatives intended to reduce the carbon emissions is expected to have a positive impact on the market growth over the forecast period. Increasing adoption of synthetic packaging solutions is expected to boost the market growth. Key manufacturers namely Solvay and Global Biologics are involved in developing of key raw materials such as n-butanol, which is expected to propel the market over the forecast period. Fluctuating prices of crude oil have resulted manufacturers looking for alternative methods for developing polymers which are expected to create opportunity bio-based polypropylene manufacturers.
Injections are expected to account major share of the market revenue and are estimated to dominate the market over the forecast period. High melting property of bio-based polypropylene is expected to boost the demand for bio-based polypropylene in injections. Automobile parts are also expected to be major application segment and are anticipated to grow over the forecast period owing to increasing demand for lightweight materials in the automobile industry.
North America is expected to account the major share of the market and is estimated to maintain its dominance over the forecast period. Presence of a large number of manufacturers in the region is expected to fuel the market growth. Growing automotive and packaging industry in the region is expected to be the major factor boosting the demand for bio-based polypropylene over the forecast period. European Commission has brought several regulations that support the use of bio-polymers owing to low greenhouse gas emissions during manufacturing and high biomass content. Rising consumer adoption of bio-based polymers is expected to propel the market growth over the forecast period.
Market segmentation and key players operating in the global bio-based polypropylene market:
- Others (bottles, automobile parts, and polymer banknotes)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- The Dow Chemical Company
- Washington Penn Plastic Co., Inc.
- Braskem S.A.
- Solvay S.A.
- Biobent Polymers
- FKuR Kunststoff GmbH
- LyondellBasell Industries Holdings
- China Petrochemical
- Exxon Mobil Corporation
- INEOS Group Holdings
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