Bio-based Polypropylene Market Estimated to Surpass USD 63.1 Million at a CAGR of 7.4% by 2027 | Reports and Data

Bio-based Polypropylene
Bio-based Polypropylene

The Global Bio-based Polypropylene market is forecast to reach USD 63.1 Million by 2027, according to a new report by Reports and Data. The increasing cost of petroleum-based chemicals because of the fluctuating price of crude oil and growing demand for the availability of alternatives of these chemicals among end-users is paving the path for the expansion of the sector. Continuous development in biotechnology and chemical processing is also contributing to this growth of the industry that is enabling the manufacturing of novel bio-based polymers like polyhydroxyalkanoate and polylactic acid, which is witnessing increasing popularity in various industries. Thus, such technological development would contribute to the expansion of the sector. In recent years, there has been an increasing concern about the environmental impact of using synthetic polypropylene and growing demand for polypropylene from the automotive and construction sector, which are the primary boosting factors for the growth of the market.

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Top Company: The Dow Chemical Company, Global Bioenergies SA, Trellis Earth Products, Inc., Braskem S.A., Mitsubishi Chemical Holdings Corporation, LyondellBasell Industries Holdings B.V., DowDuPont, Exxon Mobil, Biobent Polymers and Neste.

Further key findings from the report suggest

  • The Corn segment held a significant market share of more than 40.0% in 2019. The market share held by the Corn segment is attributed to the high water resistance of corn starch as compared to other types of starch, abundant availability of this source, and low cost that results in its high preference among end-users contributing to the market share held by this segment.
  • In the context of Application, the Industrial applications segment is projected to witness a considerable growth rate of 8.1% during the forecast period. The continuous expansion of various industries like the e-commerce sector and the associated increasing demand for industrial packaging contributes to the growth rate witnessed by this segment. The increasing demand for industrial packaging paves the path for application of this type of polypropylene in polymeric films for various applications for sustainable packaging.
  • In context to End-user, the Automotive segment held a considerable share of the market of more than 30.0% in 2019. The market share held by the Automotive segment is attributed to the fact that there is a growing demand for polypropylene in this sector and in this regards, an increasing number of market players are taking initiatives to minimize the use of synthetic polymers considering its adverse impact on the environment, which contributes to the market share held by this segment.

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Source Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Corn
  • Sugarcane
  • Beet
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Injection
  • Textile
  • Films
  • Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

  • Automotive
  • Electronics
  • Construction
  • Industrial applications
  • Others

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Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Bio-based Polypropylene Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Bio-based Polypropylene Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Bio-based Polypropylene Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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