Polypropylene Filament Yarn (PPFY) Price Trend

Polypropylene Filament Yarn (PPFY) Prices December 2023

In the fourth quarter of 2023, the price of polypropylene filament yarn (PPFY) in India reached 1425 USD/MT by December. The PPFY market in India faced several challenges due to the implementation of the Quality Control Order (QCO) on the product, necessitating increased import orders from China to lower procurement costs. This, along with the availability of cheaper raw materials, played an important role in declined prices. Indian market for PPFY also witnessed a bearish trend as their demand remained subdued, forcing domestic players to reduce inventory levels. Irrespective of these challenges, the market was able to remain competitive, with the price for this period reaching 1887 USD/MT Ex-Mumbai.

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 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 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 current price levels but also provides insights into historical price of polypropylene filament yarn (PPFY), enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into 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 region saw a significant increase in prices in Q4 2023, influenced by several interconnected factors. Firstly, there is a steady expansion in the market for PPFY, primarily propelled by the continuous growth of the downstream textile industry. The prices of polypropylene have consistently risen due to robust demand conditions, with end-industries eager to secure a stable supply of this essential material to maintain their manufacturing schedules. This dynamic between demand and supply has further contributed to the upward trend in polypropylene filament yarn prices. However, there was a subsequent drop in prices due to the availability of cheaper raw materials and potentially weakened demand from the weaving industry.

Detailed price information for polypropylene filament yarn (PPFY) can also be provided for an extensive list of European countries.

North America Polypropylene Filament Yarn (PPFY) Price

The polypropylene filament yarn (PPFY) market in North America witnessed price fluctuations in Q4 2023. Initially, the market was on an upward trajectory, driven by a consistent expansion fueled by the growing downstream textile industry. This sector increasingly adopted polypropylene filament yarn due to its favorable properties and cost-effectiveness. Industries sought a stable supply of polypropylene to maintain their manufacturing schedules, creating a demand-supply dynamic that further drove up the prices of PPFY. However, later in the quarter, the market experienced a drop in prices, influenced by the availability of cheaper raw materials and potentially weakened demand from the weaving industry. As the new year approached, domestic players in the industry adopted a cautious approach in response to a decline in demand, leading them to reduce inventory levels.

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.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Polypropylene Filament Yarn (PPFY) Price

In the Q4 2023, the PPFY market in the APAC region experienced a bearish trend primarily due to weak demand from the weaving industry and an excess supply of PPFY. This imbalance led manufacturers to offer substantial discounts to clear their existing stocks, contributing to a further decline in the prices. Adding to the uncertainty, the implementation of the Quality Control Order (QCO) on PPFY in India left industry players uncertain, prompting increased import orders from China to reduce procurement costs. Moreover, the availability of cheaper raw materials and heightened imports from China due to delayed certification for Indian players played a crucial role in driving down prices.

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, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America..

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.