Synthetic and Bio Based Polypropylene Market Report: Trends, Forecast and Competitive Analysis to 2030

Synthetic and Bio Based Polypropylene Trends and Forecast

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, increasing 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 is developed to help in your business decisions.

Synthetic and Bio Based Polypropylene by Segment

The study includes a forecast for the global synthetic and bio based polypropylene by application, end use, and region.

Synthetic and Bio Based Polypropylene Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Textile
• Injection Molding
• Films
• Others

Synthetic and Bio Based Polypropylene Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Construction
• Consumer Goods
• Healthcare
• Furniture
• Electronics
• Fashion and Sports Industry
• Packaging
• Others

Synthetic and Bio Based Polypropylene Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Synthetic and Bio Based Polypropylene Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies synthetic and bio based polypropylene companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the synthetic and bio based polypropylene companies profiled in this report include-

• Braskem
• SABIC
• Biobent Polymers
• Neste
• FKuR Kunststoff
• Novamont
• Sinopec Group
• PTT Global Chemical Public Company Limited
• Global Bioenergies
• Trellis Earth Products

Synthetic and Bio Based Polypropylene Market Insights

Lucintel forecasts that injection molding 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.

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.

Features of the Global Synthetic and Bio Based Polypropylene Market

Market Size Estimates: Synthetic and bio based polypropylene market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Synthetic and bio based polypropylene market size by application, end use, and region in terms of value ($B).

Regional Analysis: Synthetic and bio based polypropylene market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different application, end use, and regions for the synthetic and bio based polypropylene market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the synthetic and bio based polypropylene market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for synthetic and bio based polypropylene market?

Answer: The global synthetic and bio based polypropylene market is expected to grow with a CAGR of 7.2% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the synthetic and bio based polypropylene market?

Answer: The major drivers for this market are the increasing demand for bio-based polypropylene in the packaging industry, increasing customer inclination towards bio-based products in conjunction with advantageous government initiatives, as well as, growing desire for lightweight automobiles to improve fuel economy.

Q3. What are the major segments for synthetic and bio based polypropylene market?

Answer: 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.

Q4. Who are the key synthetic and bio based polypropylene market companies?

Answer: Some of the key synthetic and bio based polypropylene companies are as follows.

• Braskem
• SABIC
• Biobent Polymers
• Neste
• FKuR Kunststoff
• Novamont
• Sinopec Group
• PTT Global Chemical Public Company Limited
• Global Bioenergies
• Trellis Earth Products

Q5. Which synthetic and bio based polypropylene market segment will be the largest in future?

Answer: Lucintel forecasts that injection molding 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.

Q6. In synthetic and bio based polypropylene market, which region is expected to be the largest in next 5 years?

Answer: 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.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the synthetic and bio based polypropylene market 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)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?