Exploring Bio-Polypropylene Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors
According to Markntel Advisors Report, Bio-Polypropylene Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Bio-polypropylene is a sustainable alternative to
traditional polypropylene derived from fossil fuels. It is produced from
renewable biomass sources, such as sugarcane, corn, or other plant-based
materials through a process called bio-based polypropylene synthesis. This
material offers similar properties to conventional polypropylene, including
durability, flexibility, and resistance to moisture & chemicals. However,
its production emits fewer greenhouse gases and reduces dependence on finite
fossil fuel resources. It is used in various end-user industries such as
consumer goods, automotive, packaging, etc.
Global Bio-Polypropylene Market
Research Report & Summary:
The Global Bio-Polypropylene Market is estimated to grow at a CAGR
of around 20.4% during the forecast period, i.e., 2024-30.
Time Period
Captured in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-2030
Who are the Key Players Operating in the Bio-Polypropylene
Market?
The top
companies of the Bio-Polypropylene Market ruling the industry are:
Borealis AG, Barskem
SA, Mitsui Chemicals, LyondellBasell Industries Holdings, Neste, SABIC, Avient
Corporation, Iwatani Corporation, Danimer Scientific, FKuR Kunststoff GmbH,
among others
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Bio-Polypropylene
Industry Recent Development:
·
2023: Neste & Mitsui Chemicals collaborated to start the production of prime
polymer to offer sustainable food packaging solutions.
The Bio-Polypropylene Market explores the
industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Type
-Sugar-based -Market Size & Forecast 2019-2030F, (Tons)
-Starch-based Market Size & Forecast 2019-2030F (Tons)
-Lignocellulosic Biomass-based- Market Size & Forecast 2019-2030F
(Tons)
-By Application
-Injection Molding- Market Size & Forecast 2019-2030F (Tons)
-Extrusion- Market Size & Forecast 2019-2030F (Tons)
-Fiber Production- Market Size & Forecast 2019-2030F (Tons)
-By End User
-Automotive- Market Size & Forecast 2019-2030F (Tons)
-Packaging- Market Size & Forecast 2019-2030F (Tons)
-Textile - Market Size & Forecast 2019-2030F (Tons)
-Consumer Goods- Market Size & Forecast 2019-2030F (Tons)
-Others (Construction, Medical Devices, etc.)- Market Size &
Forecast 2019-2030F (Tons)
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Market Dynamics -Global Bio-Polypropylene
Market:
Surging Development in the
Automotive Sector to Generate Demand for Bio-Polypropylene – Increasing
urbanization and disposable income levels in emerging economies are leading to
rising demand for automobiles across the globe. The shifting consumer
preferences towards fuel-efficient & eco-friendly vehicles has prompted
automakers to invest in sustainable technologies & materials, further
expanding the automotive sector. For instance:
·
In 2024, Maruti Suzuki launched a strong
hybrid technology vehicle offering comparatively lower carbon emissions.
With
the increasing demand for vehicles incorporating new technology, innovation,
and features, the production of automotive parts using sustainable materials is
growing quickly. Bio-polypropylene offers a compelling solution, providing
comparable performance to conventional polypropylene while significantly
lowering the carbon footprint of automotive products. Furthermore, its
versatility, durability, and resistance to heat & chemicals make it an
attractive choice for various interior & exterior automotive applications,
including bumpers, dashboards, and interior trims, further surging its adoption
in automotive manufacturing and augmenting market growth.
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MarkNtel Advisors is a leading consulting, data
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many years and have conducted multi-industry research across 80+ countries,
spreading our reach across numerous regions like America, Asia-Pacific, Europe,
the Middle East & Africa, etc., and many countries across the regional
scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil,
and several others.
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