Polypropylene Fibers Market growth drivers in 2019 & Challenges by 2025
Growing developments in the automotive industry in Asia Pacific and
Latin America would drive the global polypropylene fibers market. Global
automotive production reached more than 95 million units out of which almost
30% was produced in China. Other countries such as Japan, South Korea and India
also exhibited high automotive production and sales.
This would likely propel the market demand as it is widely used in
automotive interiors like trunk carpets, heat insulation pads, seats, etc. It
is the lightest among all synthetic substitutes with a density of around 0.9
g/cm3 and has a larger covering area. Hence, it’s the ideal fit for this
end-user segment. These qualities will propel the market demand in developing
countries.
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Polypropylene Fibers Market size will likely surpass USD 13 billion by
2025; according to a new research report by Global Market Insights, Inc.
Product usage is increasing in construction industry owing to its various
characteristics. It helps in improving the crack resistance, anti-permeability,
frost-resistance, antiknock, anti-abrasion performance and workability of
mortar and concrete.
The uniform distribution of these fibers in concrete helps to prevent
the steel formwork from corroding and as a result helps in extending the life
of buildings and structures. Hence, developments in the construction industry
would in turn augment the polypropylene fibers market over the study period.
Continuous form occupied a lower share in the polypropylene fibers
market owing to its limited applications. This form finds usage in upholstery
and other woven applications like woven bags, twines, nets, etc. Rising
population in developing region and improving disposable income would result in
increased sale of furniture, which would likely increase the demand for continuous
form PP fibers during the study period.
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Hygiene products application segment will account for a share of around
15% in 2025 owing to the unique features of the product like hydrophobic
nature, soft textured and lightweight. Hence, it is increasingly used in
production of incontinence pads, nappies, tampons, sanitary towels, etc.
Increasing health conscious consumers along with government initiatives to
educate people regarding personal hygiene would propel the polypropylene fibers
market in the study period.
Filtration end-user segment is likely to rise at a compound annual
growth rate of around 3.5% over the study period. Filtration fabrics are made
from this product owing to its superior resistance to chemicals. It is used in
pleated filters, respirator cover stocks, vacuum cleaner prefilters, cartridge
filters, liquid filters, air filters etc.
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North America polypropylene fibers market demand has reached stagnation
due to market maturity, leading to limited production expansion in the region.
The growth of this region will be around 2% over the study period.
Infrastructural projects and automotive production will be the major growth
enablers for this region. North American manufacturers are investing in
exploring developing economies where demand from end-user markets is higher.
Some of the product manufacturers in the polypropylene fibers market
share are ABC Polymer Industries LLC, Sika AG, Lotte Chemical Corporation,
Sinopec, The Euclid Chemical Company, BASF SE, etc.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Polypropylene Fibers Market growth drivers in 2019 & Challenges by 2025
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May 29, 2019
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