Abstract:

Global Bio-based Polypropylene Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”

Global Bio-based Polypropylene Market: Overview:

Bio-based polypropylene is a thermoplastic elastomer with a higher melting point. The higher melting point makes it eligible for use in medical products and dishwasher safe containers. Bio-based polypropylene has similar characteristics of synthetic polypropylene. Bio-based polypropylene is manufactured from biomass, corn, vegetable oil, and bio-diesel. Synthetic polypropylene is manufactured from petroleum in a process which results in a large amount of greenhouse gas emissions. Increasing adoption of bio-based polypropylene to reduce the dependency on petroleum will, in turn, reduce the environmental damage.

Global Bio-based Polypropylene Market: Growth Factors:

Increasing demand for bioplastics and numerous regulatory initiatives intended to reduce carbon emissions is expected to have a positive impact on the market growth over the forecast period. Increasing adoption of synthetic packaging solutions is expected to boost the market growth. Key manufacturers namely Solvay and Global Biologics are involved in developing key raw materials such as n-butanol, which is expected to propel the market over the forecast period. Fluctuating prices of crude oil have resulted manufacturers looking for alternative methods for developing polymers which are expected to create opportunity bio-based polypropylene manufacturers.

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Global Bio-based Polypropylene Market: Segmentation:

Market segmentation and key players operating in the global bio-based polypropylene market:

By application:

  • Injections

  • Films

  • Textile

  • Others (bottles, automobile parts, and polymer banknotes)

Global Bio-based Polypropylene Market: Regional Analysis:

North America is expected to account the major share of the market and is estimated to maintain its dominance over the forecast period. Presence of a large number of manufacturers in the region is expected to fuel the market growth. Growing automotive and packaging industry in the region is expected to be the major factor boosting the demand for bio-based polypropylene over the forecast period. European Commission has brought several regulations that support the use of bio-polymers owing to low greenhouse gas emissions during manufacturing and high biomass content. Rising consumer adoption of bio-based polymers is expected to propel the market growth over the forecast period.

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Global Bio-based Polypropylene Market: Regional Segment Analysis:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

What Report Provides:

  • Full in-depth analysis of the parent market

  • Important changes in market dynamics

  • Segmentation details of the market

  • Assessment of niche business developments

  • Market share analysis

  • Key ways of major players

  • Emerging segments and regional markets

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