The report enumerates the Biobased Polypropylene Market share held by the major players of the industry and delivers a full view of the competitive landscape. This market is categorized into different segments with the comprehensive analysis of each with respect to the geography for the study period. Based on the historical study and estimates future prospects based on in-depth research, this report briefly provides the market trends, size, growth, and estimation for the period 2018-2025.
Biobased polypropylene (PP) is a thermoplastic polymer derived from natural sources like corn, sugarcane and beet. They are produced by either fermentation or gasification. Its properties are very similar to synthetic polypropylene, such as stretchable, lightweight, high melting point, good fatigue etc. It is used for production of items like injections, films and textiles. Hence, its end user industries include automobiles, medical devices, packaging, textiles and pipe systems. An innovative application of biobased polypropylene is in the production of biaxially oriented polypropylene (BOPP) films, which are used for packaging of convenience food.
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The leading product segments of the global biobased polypropylene market are injection, followed by textiles and then films. Automotive and textile industries are globally the biggest end-users of biobased polypropylene market. Environmental concerns regarding the production and usage of synthetic polypropylene have significantly promoted the growth of global biobased polypropylene market. Besides the rising prices of petroleum based feedstocks is encouraging a global shift from synthetic polypropylene to biobased polypropylene. However, the market is at its nascent stage, but the supportive policies of EPA (Environment Protection Agency) are helping the global biobased polypropylene market grow at a good pace.
PLA and PET are the current competitors of biobased polypropylene. In addition, the increased availability of shale gas, leading to reduction of petroleum based feedstock can have a negative impact on the growth of biobased polypropylene market. Europe leads the global biobased polypropylene (PP) market in terms of both demand and production followed by North America and Asia-Pacific.
Major player assessed in the report are:
- Dow Chemicals
- Global Bioenergies
- Biobent Polymers
- Chevron Phillips Chemical Company
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Biobased Polypropylene Market Analysis By Application
5.Biobased Polypropylene Market Analysis By Region
6.Competitive Landscape Of Biobased Polypropylene Companies
7.Company Profiles Of Biobased Polypropylene Industry
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