According to a market report by Lucintel, the future of the global synthetic and bio based polypropylene market looks promising with opportunities in the automotive, construction, consumer goods, healthcare, furniture, electronics, fashion and sports industry, and packaging markets. The global synthetic and bio based polypropylene market is expected to grow with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are the increasing demand for bio-based polypropylene in the packaging industry, rising customer inclination towards bio-based products in conjunction with advantageous government initiatives, as well as, growing desire for lightweight automobiles to improve fuel economy.
A more than 150-page report to understand trends, opportunity and forecast in synthetic and bio based polypropylene market to 2030 by application (textile, injection molding, films, and others), end use (automotive, construction, consumer goods, healthcare, furniture, electronics, fashion and sports industry, packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Lucintel forecasts that, within the application category, injection molding segment will remain the largest segment over the forecast period because the polypropylene is widely utilized in injection molding applications and to create a wide range of goods and components in industries such as automotive, construction, and packaging.
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In terms of regions, APAC will remain the largest region over the forecast period due to growing awareness of eco-friendly and sustainable materials, rising demand for polypropylene across a range of end-use industries, and government programs encouraging the use of bio-based products.
Braskem, SABIC, Biobent Polymers, Neste, FKuR Kunststoff, Novamont, Sinopec Group, PTT Global Chemical Public Company Limited, Global Bioenergies, Trellis Earth Products are the major suppliers in the synthetic and bio based polypropylene market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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