Global Polypropylene Fiber Market 2019-2023| Emergence of Bio-based Polypropylene to Boost Growth| Technavio

The global polypropylene fiber market is expected to post a CAGR of over
5% during the period 2019-2023, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global polypropylene fiber market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the growing textile
industry. Polypropylene fiber is primarily used in the textile industry
for manufacturing products such as carpets, upholstery, and tarpaulins.
As these products require sturdy and strong material for structural
integrity, polypropylene fiber is the desired choice for the same. Also,
the cost-effective pricing of the fiber makes it the preferred raw
material for the manufacturing of the mentioned products. Polypropylene
fiber also exhibits properties such as chemical resistance and
lightweight. Governments of developing countries such as China, South
Africa, and India have been taking initiatives to promote the textile
industry. Export of textiles and clothing from various developing
countries has also increased in the past few years, thereby increasing
the demand for polypropylene fiber.

As per Technavio, the emergence of bio-based polypropylene will have a
positive impact on the market and contribute to its growth significantly
over the forecast period. This global
polypropylene fiber market research report also analyzes
other important trends and market drivers that will affect market growth
over 2019-2023.

Global polypropylene fiber market: Emergence of
bio-based polypropylene

Environmental concerns associated with the production and use of fossil
fuel-derived polypropylene are growing. In line with the growing
awareness about healthy lifestyle among consumers, the use of safer and
renewable sources to manufacture end-products is also increasing. These
factors are propelling polypropylene manufacturers to shift from
petrochemical feedstock to bio-based feedstocks. Another major reason
for the shift is the volatility in the price of petroleum-based
chemicals. The production of bio-based polypropylene from
sugarcane-derived ethanol was a successful development. Other sources of
bio-based polypropylene are corn and soybean. Many
polypropylene-manufacturing companies are also seen investing in
research and development related to the large-scale production of
bio-based polypropylene. Thus, such advantages and initiatives are
expected to boost the growth of the overall global market.

“Apart from the emergence of bio-based polypropylene, the emergence
of polypropylene recycling, and the increasing sustainable and resilient
buildings are two other major factors that are expected to boost the
growth of the market during the forecast period,” says a senior
analyst at Technavio.

Global polypropylene fiber market: Segmentation
analysis

This market research report segments the global polypropylene fiber
market by end-user (healthcare and hygiene, geotextile, construction,
furnishing, and other end-users), and geographical regions (APAC,
Europe, North America, MEA, and South America).

The APAC region led the market in 2018, followed by Europe, North
America, MEA, and South America, respectively. During the forecast
period, the APAC region is expected to continue dominating as well as
register the highest incremental growth due to the growing investments
in infrastructures and expansion of airports in the region.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190522005491/en/