Home > Pressrelease > Global Polypropylene Fiber Market size to be worth $7.05 billion by 2027
Global Polypropylene Fiber Market size to be worth $7.05 billion by 2027
- Published Date: November 26, 2021
According to a new research report by Global Market Insights Inc., the global Polypropylene Fiber Market size is expected to reach USD billion 7.05 by 2027.
Polypropylene is a synthetic polymer, which is commonly used in the production of polypropylene fibers. Polypropylene fibers are significantly used in many end-user industries including automotive, construction, Healthcare, filtration, etc. The rising demand for hygiene products majorly in Asia Pacific will account for considerable growth in the polypropylene fiber market.
The rapid adoption of hygiene products including baby diapers, feminine products, tissues, adult incontinence products, etc., will likely create opportunities in the coming years. The use of these hygiene products has significantly increased in the Asia Pacific region. Polypropylene is considerably used to produce baby diapers due to its hydrophobic properties. The fiber has nominal moisture regain capacity, which ensures small shrinkage of its fabric. According to the World Bank data, birth rates of the two most populated countries, China and India, are 11 & 18 per 1,000 people and they will remain persistent in the near future. This trend will propel the demand for baby diapers and gradually boost the production of polypropylene fibers in the coming years. Moreover, the increased number of women in the reproductive age group coupled with government initiatives, widespread awareness on the use of hygiene products, and the importance of female hygiene & benefits of using sanitary napkins will drive the global propylene fiber market share by 2027.
The recent COVID-19 pandemic has moderately impacted the business growth owing to production halt, lack of labor force, and disrupted logistics systems that have significantly affected revenue generation. Nationwide lockdowns and transport restrictions have further flattened the market growth. Nevertheless, continuous consumer preference for health wellness and hygiene products during COVID-19 are likely to expand in the coming years. Moreover, lifting of lockdowns, rapid vaccination policies, and steady economic recovery are considerably fostering the overall polypropylene fiber market growth.
Browse key industry insights spread across 260 pages with 298 market data tables & 28 figures & charts from the report, “Polypropylene Fiber Market Size, By Form (Continuous Fiber, Staple Fiber), By Application (Concrete, Geotextile, Hygiene Products, Industrial Fabrics, Upholstery Fabrics), By End-user (Construction, Healthcare, Automotive, Filtration, Household), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Landscape & Forecast, 2021 - 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/polypropylene-fiber-market
Continuous fiber to hold a decent share in the overall market size
The continuous form of polypropylene fiber accounted for nearly USD 1,535 million in 2020 and is projected to grow at 2.9% CAGR from 2021 to 2027 owing to the cost-effective and easy production process. Widespread applications including mattress ticking, upholstery, window blinds, ropes, nets, etc., are gradually gaining popularity in the marketplace. Furthermore, the rising population and improving disposable income in developing economies will result in high demand for furniture & other household products, boosting the polypropylene fiber market share in the coming years.
Industrial fabrics application to witness substantial growth
Based on application, industrial fabric is likely to gain a market share around 35% by 2027 owing to its shear strength and chemical inertness. Fabrics made from polypropylene are used in various industries such as pharmaceuticals, automotive, petrochemical, and filtration. The rising industrial output and production activities in major emerging countries, such as China, Brazil, and India, have made major leaps in recent years which will further contribute to the business growth.
The automotive industry will gain a competitive market share
The automotive industry held a considerable market share in 2020 and will likely grow over CAGR of 2.5% through 2027. Widespread applications in automotive interiors, such as flooring, seat covers, pull straps, seam reinforcement, belts, and air filters, are significantly gaining popularity owing to the high tensile strength and impact resistance properties of the fibers. Moreover, automotive companies are focusing on lightweight vehicles and electric cars, further propelling the polypropylene fiber industry size.
European market will account significant market share
The robust demand for economical and environmentally sustainable vehicles will be a significant growth promoter of the polypropylene fiber market across the region. Owing to the notable usage of polypropylene fibers in the manufacturing of seat belts, mats, seat fabrics, etc., will showcase a sizable growth in the near future. For instance, Germany accounted for an increase of 5% in passenger car sales in 2019 from 2018. Furthermore, the wastewater treatment market growth in the European countries is another factor, which will have a significant impact on the overall market size by 2027. The region will exceed USD 2,100 million by 2027.
Cost-effective and durable products will gain consumer attention
The global polypropylene fiber industry is highly fragmented and leading players are adopting innovative business strategies to gain competitive advantages. Key players in the market include International Fibres Group, LCY Chemical Corp., BASF SE, Zenith Fibers Ltd., Sika AG, The Euclid Chemical Company, Lotte Chemical Corporation, American Synthetic Fiber, LLC., ABC Polymer Industries, LLC, and FiberVisions Corporation.