"Global Bio Polypropylene(PP) Market 2015-2019" Published

From: Fast Market Research, Inc.
Published: Sun Sep 06 2015

Fast Market Research announces the availability of Technavio's new report "Global Bio-Polypropylene Market 2015-2019" on their comprehensive research portal.

Bio-polypropylene belongs to the family of polyolefins which is produced from renewable or plant-derived energy sources, such as sugarcane, starch, etc. Bio-polypropylene derived from sugarcane usually exhibits the same characteristics as that of the polypropylene generated from fossil feedstock. It is a thermoplastic polymer that is known for its tensile strength, firmness and resistant to heat. Bio-polypropylene can be co-polymerized to enhance the tensile strength and toughness. It is utilized essentially for injection molding and thermoforming applications, and is transformed into diverse parts for use in durable applications in packaging, automotive industry, etc.

Technavio analysts forecast the global bio-polypropylene market to grow at a CAGR of 5.58% by volume during 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Bio Polypropylene(PP) Market 2015-2019

Commenting on the report, an analyst from Technavio’s team said: “The growing number of strategic alliances is a major trend that will boost market growth. Strategic alliances, partnership and co-operation agreements, and joint ventures are being entered into in order to achieve breakthroughs in developing a cost-effective and scalable process for the production of bio-polypropylene on a large scale.”

According to the report, one driver that fosters growth in this market is the growing consumer preference for sustainable products. Bio-polypropylene is already used extensively as a packaging material for making beverage bottle closures. In addition, due to the growing consumer inclination to utilize bio-based products, food and beverage manufacturers are increasingly focus on using bio-polypropylene as packaging material as it is lightweight and has reduced wall-thickness capabilities.

Further, the report states that the increasing availability of shale gas is a major challenge faced by this market. The expanded production of shale gas in the US has already diminished worldwide gas costs by decreasing the country’s demand for liquefied petroleum gas.

The key players in the Global Bio-Polypropylene Market are Biobent Polymers, Braskem, Dow Chemicals, Global Bioenergies, and Trellis Earth Products. while other prominent vendors include Coskata, DuPont, Nature Works, and SABIC.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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