Polypropylene Filament Yarn (PPFY) Price Trend

Polypropylene Filament Yarn (PPFY) Prices December 2023

The polypropylene filament yarn (PPFY) prices in India for Q4 2023 reached 1425 USD/MT in December. During this quarter, the market in India saw decreasing prices due to low requirements and oversupply. The Quality Control Order (QCO) prompted several businesses to source goods from China in order to lower costs. The entry of more affordable polypropylene also put pressure on the market, prompting local manufacturers to exercise caution with their stock management. The market was also pressured by the influx of more affordable polypropylene, resulting in cautious inventory management among domestic producers.

Polypropylene Filament Yarn (PPFY) Price Trend, Market Analysis, and News

IMARC's latest publication, “Polypropylene Filament Yarn (PPFY) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the polypropylene filament yarn (PPFY) market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of polypropylene filament yarn (PPFY) at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed polypropylene filament yarn (PPFY) price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting polypropylene filament yarn (PPFY) pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Polypropylene Filament Yarn (PPFY) Market Analysis

The global polypropylene filament yarn (PPFY) market size reached 10 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 18 Million Tons, at a projected CAGR of 6.70% during 2023-2032.

• Polypropylene filament yarn (PPFY) market is favored across various industries, especially aerospace and automotive, due to its cost-effectiveness and lightweight properties. This advantage serves these sectors by reducing shipping costs and improving the environmental footprint. Moreover, PPFY is versatile and chemical resistant, promoting its adoption in textiles, industrial fabrics, and as protective clothing in chemically exposed environments. They also play a crucial role in crafting fabrics, nets, carpets, ropes, and other textile products due to its strength and resistance to abrasion. As a result, the global PPFY market is poised for growth, driven by the expansion of the textile industry. For instance, according to the report by Statista, the global textile market is projected to reach US$ 171.0 billion in 2024, anticipating a CAGR of 5.34% in the next five years. Besides this, the durability and water resistance of the yarn make it a preferred choice in medical applications, geotextiles, and sports and inner wear, where hygiene is paramount.
• Additionally, PPFY’s recyclability and sustainable characteristics aligns with the growing environmental consciousness, which, in turn, is favoring the market. For example, Guangzhou Lanjing Chemical Fiber Co., Ltd., a manufacturer specializing in producing polypropylene filament, has introduced a new product in its portfolio, Green 1100d Polypropylene Yarn Safety Net, which is eco-friendly and recyclable, along with other properties.
• Polypropylene yarn is highly preferred in geotextiles due to its excellent chemical resistance, recyclability, and cost-effective properties. For instance, the International Geosynthetics Society (IGS) projected a worldwide surge in requirements for geo-synthetics, with geotextiles composing over 50% of the market.
• Lastly, innovations in technologies and the manufacturing process leads to improved yarn qualities with finer deniers, colorfastness, and tensile strength, which is broadening its application and adding to market appeal.Bottom of Form For example, in March 2023, Thrace Group, a Greece-based producer and distributor of polymer-based technical fabrics, packaging products, and materials, introduced a new range of polypropylene packaging materials for food storage. These are designed with enhanced durability, in accordance with Europe Regulation 10/2011, 1935/2004, and 2023/2006.

Polypropylene Filament Yarn (PPFY) News

The report covers the latest developments, updates, and trends impacting the price of polypropylene filament yarn (PPFY), providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polypropylene filament yarn (PPFY) price trend.

Latest developments in the polypropylene filament yarn (PPFY) industry:

• In November 2023, Barnet, headquartered in Europe, announced the opening of its new sales office, Barnet Asia Pacific, in Seoul, South Korea. The aim of this strategic move was to meet the expanding demand for polypropylene in the region and develop new markets.
• In September 2023, Eurasian Economic Commission eliminated import duties on polypropylene filament fabric in an effort to boost carpet industry. This decision will be implemented for two years, replacing the previous duty rate of 8%.

Product Description

Polypropylene filament yarn (PPFY) is a thermoplastic polymer with a backbone of carbon-carbon bonds. It is a form of synthetic yarn that incorporates 85% polypropylene due to its physical and chemical properties like heat resistance, ruggedness, and chemical resistance. It can be produced either by the gaseous form of propene or from the slurry of liquid propane with the help of catalysts and the process of polymerization, which includes melting and extruding polypropylene polymer in continuous filaments, allowing manufacturers to twist and texturize the yarn for enhanced textile properties. Some of the key characteristics of PPFY includes chemical resistance against acids, organic solvents, and alkalis, lightweight, durable, cost-effective, recyclable, good insulation, and hydrophobic nature. Apart from this, they offer quick shipping, quality, availability in textured, twisted, and intermingled variations, UV-stability, and dyability in fluorescent colors. As a result, polypropylene filament yarn offers a versatile and economical solution for applications like textiles, industrial, and consumer goods.

In the textile industry, PPFY is used in the production of ropes, sportwear, upholstery fabrics, and carpets. On the other hand, the industrial application of the product involves crop covers, landscaping fabrics, disposable non-woven fabrics, and medical garments. Similarly, PPFY is commonly found in consumer goods like home furnishings, different packaging formats, and reusable shopping bags.

Regional Coverage

The report provides a detailed analysis of the polypropylene filament yarn (PPFY) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polypropylene filament yarn (PPFY) price trend.

Global Polypropylene Filament Yarn (PPFY) Price

The report offers a holistic view of the global polypropylene filament yarn (PPFY) pricing trends in the form of polypropylene filament yarn (PPFY) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polypropylene filament yarn (PPFY) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polypropylene filament yarn (PPFY) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polypropylene filament yarn (PPFY) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polypropylene Filament Yarn (PPFY) Price

The European market experienced notable price shifts. An initial rise in product prices was fueled by the flourishing textile industry’s growing reliance on PPFY for its beneficial characteristics and affordability. This growth spurred higher demand for polypropylene, the key raw material, resulting in a steady price climb. Nonetheless, a successive decline occurred as more economical raw materials became available, and consumption across the weaving industry softened. This fluctuation underscores the complex relationship between product demand, market dynamics, and raw material supply, with polypropylene playing a crucial role in influencing PPFY pricing trends.

This analysis can be extended to include detailed polypropylene filament yarn (PPFY) price information for a comprehensive list of countries.

North America Polypropylene Filament Yarn (PPFY) Price

At the outset, the North American market experienced a price increase due to strong demand from the expanding textile sector, which favored PPFY for its cost efficiency and beneficial properties. As demand grew, the cost of polypropylene, the primary raw material, also rose, pushing up PPFY prices. Nevertheless, when the weaving industry's demands decreased and more affordable raw materials were available later in the quarter, prices dropped. This led domestic manufacturers to reduce stocks in anticipation of weaker market conditions, contributing to the overall price fluctuations observed during this period.

Specific polypropylene filament yarn (PPFY) historical data within the United States and Canada can also be provided.

Middle East and Africa Polypropylene Filament Yarn (PPFY) Price

The report explores the polypropylene filament yarn (PPFY) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on polypropylene filament yarn (PPFY) prices for countries can also be provided.

Asia Pacific Polypropylene Filament Yarn (PPFY) Price

The Asia Pacific region presented many challenges for the PPFY market, creating a downward trend, largely due to product oversupply and the weaving industry's weak demand. To manage the surplus, producers resorted to offering large discounts, which depressed the market value. The situation was compounded by India’s Quality Control Order (QCO), which led to uncertainties in the PPFY market and prompted businesses to resort to Chinese imports as a cost-saving measure. India experienced bearish market trends, with subdued demand and market players lowering inventory levels. Regardless of these challenges, there were no recorded plant closures during this period.

This polypropylene filament yarn (PPFY) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polypropylene Filament Yarn (PPFY) Price

The analysis of polypropylene filament yarn (PPFY) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polypropylene filament yarn (PPFY) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting polypropylene filament yarn (PPFY) price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polypropylene filament yarn (PPFY) price charts ensure our clients remain at the forefront of the industry.