Global Bio-Polypropylene Market to Grow at 5.1% During 2024-2032, Bolstered by the Expanding Automobile Industry

January 05, 2022 | Chemical & Materials

The latest report by IMARC Group, titled “Bio-Polypropylene Market Report by Application (Injection Molding, Textiles, Films, and Others), and Region 2024-2032,” finds that the global bio-polypropylene market reached a value of US$ 45.5 Million in 2023. Bio-polypropylene is a thermoplastic polymer obtained from natural materials such as corn, sugarcane, vegetable oil, and other bio-masses. It has a melting point of approximately 165°C, making it eligible for use in certain plastic items, including medical products and dishwasher-safe containers. Bio-polypropylene, like synthetic polypropylene, is used in injection molding, film, and other applications. It offers advantages of strength, durability, resistance to heat and stiffness, and is environment friendly in nature. As a result, it finds application across several industries, such as automobile, textile, film, packaging, medical devices, and pipe systems.

Global Bio-Polypropylene Market Trends:

The market is primarily driven by the significant expansion of the automobile industry. Besides this, the increasing adoption of specialty polymers to improve the downsizing of vehicles is propelling the demand for bio-polypropylene. For instance, General Motors is utilizing bio-polypropylene in their Cadillac DeVille for seatbacks as well as in Chevrolet Impala for trims and shelvings. In addition to this, the rising consciousness regarding the carbon emissions from vehicles is also increasing the adoption of bio-polypropylene in the automotive sector. Furthermore, bio-polypropylene can be stretched and extruded from biaxially oriented polypropylene films used in sustainable packaging of snack food, confectioneries, and fresh vegetable. As a result, several regulatory initiatives promoting the use of bioplastics are fueling the market growth. Moreover, widespread adoption of injection moldings in the aerospace, construction, and healthcare industries are positively influencing the growth of the market. Looking forward, the market is expected to grow at a CAGR of 5.1% during the forecast period (2024-2032).

Market Summary:

  • Based on the application, the market has been segmented into injection molding, textiles, films, and others. Currently, injection molding represents the leading application.
  • Region-wise, the market has been divided into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, Europe holds the leading position in the market, accounting for the majority of the global market share.
  • The competitive landscape of the market has been examined, with some of the key players being Braskem S.A., Biobent Management Services, Inc., The Dow Chemical Company, Global Bioenergies, Trellis Earth Products, Inc., Japan Polypropylene Corporation, Reliance Industries Limited, LyondellBasell Industries Holdings N.V., Exxon Mobil Corporation, and Ineos AG.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Bio-Polypropylene Market to Grow at 5.1% During 2024-2032, Bolstered by the Expanding Automobile Industry
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