The Global Bio-Polypropylene Market is estimated to grow at a CAGR of around 20.4% during the forecast period, i.e., 2024-30.
Global Bio-Polypropylene Market Driver:
Surging Development in the Automotive Sector to Generate Demand for Bio-Polypropylene – Increasing urbanization and disposable income levels in emerging economies are leading to rising demand for automobiles across the globe. The shifting consumer preferences towards fuel-efficient & eco-friendly vehicles has prompted automakers to invest in sustainable technologies & materials, further expanding the automotive sector. For instance:
- In 2024, Maruti Suzuki launched a strong hybrid technology vehicle offering comparatively lower carbon emissions.
With the increasing demand for vehicles incorporating new technology, innovation, and features, the production of automotive parts using sustainable materials is growing quickly. Bio-polypropylene offers a compelling solution, providing comparable performance to conventional polypropylene while significantly lowering the carbon footprint of automotive products. Furthermore, its versatility, durability, and resistance to heat & chemicals make it an attractive choice for various interior & exterior automotive applications, including bumpers, dashboards, and interior trims, further surging its adoption in automotive manufacturing and augmenting market growth.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Bio-Polypropylene Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Sugar-based -Market Size & Forecast 2019-2030F, (Tons)
- Starch-based Market Size & Forecast 2019-2030F (Tons)
- Lignocellulosic Biomass-based- Market Size & Forecast 2019-2030F (Tons)
- By Application
- Injection Molding- Market Size & Forecast 2019-2030F (Tons)
- Extrusion- Market Size & Forecast 2019-2030F (Tons)
- Fiber Production- Market Size & Forecast 2019-2030F (Tons)
- By End User
- Automotive- Market Size & Forecast 2019-2030F (Tons)
- Packaging- Market Size & Forecast 2019-2030F (Tons)
- Textile – Market Size & Forecast 2019-2030F (Tons)
- Consumer Goods- Market Size & Forecast 2019-2030F (Tons)
- Others (Construction, Medical Devices, etc.)- Market Size & Forecast 2019-2030F (Tons)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Borealis AG, Barskem SA, Mitsui Chemicals, LyondellBasell Industries Holdings, Neste, SABIC, Avient Corporation, Iwatani Corporation, Danimer Scientific, FKuR Kunststoff GmbH, among others
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