Polypropylene is a thermoplastic polymer with a melting point of around 165?C. Bio-based polypropylene has identical characteristics to synthetic polypropylene; however, it is manufactured from bio-based raw materials such as sugarcane, corn, and beet. Bio-based propylene are utilized across various industries such as textiles, automobiles, packaging, medical devices, and pipe systems. Owing to good fatigue properties, polypropylene is also exploited in plastic living hinges, such as those on flip-top bottles.
MARKET DYNAMICS
The rising adoption of polymers to reduce overall automobile weight combined with a reduction in carbon emissions drives the global bio polypropylene market size. Government regulations associated with using lighter materials in vehicles that aids automobiles consume lower fuel would propel the product demand. Various automotive manufacturing giants are also supporting market progression. For instance, Toyota Motor Corp. announced to substitute 20% of synthetic polymers in their automobiles with bio-based polypropylene, starting with their inner parts. General Motors exploits bio-based polypropylene for shelving, backing, trim, and Cadillac seats while Ford Flex uses the product in manufacturing internal storage bins.
MARKET SCOPE
The "Global Bio Polypropylene Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the bio polypropylene market with detailed market segmentation by application, end-user industry and geography. The global bio polypropylene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bio polypropylene market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bio polypropylene market is segmented on the basis of application and end-user industry. On the basis of application, bio polypropylene market is classified into injection, textiles, films, and others. On the basis of end-user industry, the market is classified into automotive, industrial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bio polypropylene market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio polypropylene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bio polypropylene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bio polypropylene market in these regions.
MARKET PLAYERS
The reports cover key developments in the bio polypropylene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from bio polypropylene market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the bio polypropylene market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bio polypropylene market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BiologiQ
- Biome Plastics
- Braskem
- FKuR Kunststoff GmbH
- Global Bioenergies
- Neste
- Novamont S.p.A
- PTT Global Chemical Public Company
- Rutland Plastics
- SABIC
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