Lucintel Forecasts the Global Polypropylene Fiber Market to Reach $23 Billion by 2030
Lucintel Forecasts the Global Polypropylene Fiber Market to Reach $23 Billion by 2030
Blog Article
According to the recent study the global polypropylene fiber market is projected to reach an estimated $23 billion by 2030 from $17 billion in 2023 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by various properties like lightweight, chemical resistance, resistance to abrasion, and thermally bondable etc.
Browse 136 figures/charts and 110 tables in this 201-page report to understand trends, opportunities and forecast in global polypropylene fiber market by polymer type (metallocene and others), application (staple fiber and continuous yarn), process (melt blown, spun-bond, filament extrusion, others), end use (hygiene and mask, filtration, medical/surgical, consumer goods, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that hygiene and mask will remain the largest end use by value and volume over the forecast period due to its better insulating and lower thermal conductivity properties, and increase use of its in making various hygiene products as a precautionary measure of corona virus. Consumer goods is expected to witness the highest growth over the forecast period.
Continuous yarn will remain the largest segment and it is expected to witness the highest growth over the forecast period mainly driven by its various properties like excellent uniformity and strength.
Asia Pacific (APAC) will remain the largest market and it is also expected to witness the highest growth over the forecast period due to growing industrial activities in the countries like China and India.
Belgian Fiber SA, International Fibers Group Holdings Ltd., SABIC, Borealis AG, Sinopec Group, Sika AG, Indorama Ventures Public Company Limited are the major suppliers in the polypropylene fiber providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056