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Bio-based-Polypropylene-Market-Research-Report

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Global bio-based polypropylene (PP) market is expected to witness considerable growth over the next six years on account of increasing application in Textiles, injections, and films. Injection is the major application segment of bio-based PP, and is
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Bio-based Polypropylene Market Research Report - Global
Industry Analysis and Forecast To 2020: Hexa Research
Global bio-based polypropylene (PP) market is expected to witness considerable growth
over the next six years on account of increasing application in Textiles, injections, and
films. Injection is the major application segment of bio-based PP, and is likely to experience
significant growth over the forecast period. Bio-based PP has higher melting point which
allow it to use in manufacturing medical equipments. Growing medical equipment market
across the globe is likely to propel the bio-based PP market. Bio-based PP sheets are used
to manufacture crystal clear packaged material for retail market. Growing bio-plastics
industry coupled with environmental concerns regarding use of bio-based products is
expected to drive market over the foreseeable period. Supportive government regulation
regarding reduction of greenhouse gas emission is anticipated to have positive impact on
bio-based PP market over the next six years.
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Bio-based PP is a bio-plastics used to manufacture lightweight automotive parts. Growing
automotive market coupled with consumer awareness regarding bio-based products is
projected to augment the global bio-based PP market over the forecast period. Shift in
focus toward increasing efficiency by using lightweight material is expected to drive the bio based PP market over the next six years. Films is second major application segment of bio based PP. Increasing sustainable packaged materials is expected to drive the market
growth in near future. Increasing consumers demand coupled with changing life style is
likely to influence textile market, which in turn expected to have positive impact o n biobased PP market over the foreseeable period. Bio-based PP is used as a concrete additive
and elastomer modifier. Increasing building & construction activities in developing nations
such as Brazil, China, and India is expected to drive the market in this region. Increasing
elastomer demand in industrial process is likely to propel bio-based PP market in near
future. Growing demand of bio-based PET and PLA is expected to hinder the market
growth over the foreseeable period. In addition, increasing shale gas exploration is
expected to hamper the market growth in near future.
Europe was leading regional bio-based PP market in 2012, and is expected to witness
growth over the next six years. Supportive regulatory system coupled with increasing use of
bio-based products is likely to propel the market in European region. North America is the
second major market of bio-based PP, and is projected to grow at significant rate over the
forecast period. Growing biodegradable products demand in construction industry i s
expected to be the major factor driving the market in North America. Favorable government
scenario toward use of bio-based products is projected to have positive impact on the
market over the next six years. Asia Pacific market is expected to experience stagnant
growth over the forecast period owing to availability of synthetic PP. Untapped shale gas
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reserves in China is likely to hamper the market growth in Asia pacific region. However,
growing agriculture market in India and China is expected to provide basic raw material for
bio-based PP. This development is likely to create an opportunity for the market players in
this region. Growing industrialization in developing nations such as Middle East, Latin
America, and Africa is expected to create an opportunity for the regional market players
present in this region.
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Trellis Earth Products was the only manufacturer indulged in bio-based PP production. Biobased PP market is highly dominated by the top players. Shift in focus toward use of ecofriendly products coupled with regulatory support is expected to create an opportunity for
the new entrants as well. Some key players operating in global bio-based PP market
include Biobent Polymers, Dow Chemicals, Braskem, and Global Bioenergies.
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Biobased PP Industry Outlook
Chapter 3 Biobased PP Application Outlook
Chapter 4 Biobased Polypropylene (PP) Regional Outlook
Chapter 5 Competitive Landscape
Chapter 6 Methodology & Scope
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Phone: +1-800-489-3075
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Website - http://www.hexaresearch.com/
Contact: +1-800-489-3075
Email : [email protected]
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