Global Polypropylene Fibers Market - Segmented by Type and End-user Industries - Growth, Trends and Forecasts (2018 - 2023)
The global polypropylene fibers market is expected to witness a CAGR of approximately over 5% during the forecasted period, majorly driven by their increasing usage in hygiene & healthcare applications, and from end-user industries, such as construction, automotive, and furniture
Rising Staple Usage in Applications like Diapers
Polypropylene fiber finds one of its major uses in adult and baby diapers, as it acts as an absorbent. The rising awareness on hygiene around the world is driving the growth of diapers market, which in turn is expected to drive the growth of polypropylene fibers.
Rising Demand in Various End-user Industries
Polypropylene Fibers are used in various end-user industries, such as construction, furniture, healthcare, and agriculture. These industries are growing at a significant pace in developing economies. Healthcare Industry is expected to outpace the other industries in terms of growth in the forecast period, and is expected to provide a significant boost to the polypropylene fibers market.
China, a Significantly Large and Fast Growing Market
China is one of the fastest growing markets in the world, and end-user industries, like healthcare are rapidly growing in this country. China is a leading producer of polypropylene fibers due to the large scale of manufacturing activity in the country. The other end-user industries, like furniture and construction, especially geo-polymers are also favorable for the increase in consumption of polypropylene fibers in the country.
An innovative use for dialysis plastic waste, which is a polypropylene fiber, was proposed in March 2018, by adding it to the concrete. The addition of polypropylene fibers to the concrete increases it strength and construction is one of the major end-users of polypropylene fibers
Major Players: Eastman Chemicals, Kimberly-Clark Corp., Koch Industries, Chemosvit, Belgian Fibers, Zenith Fibres Ltd and Solvay, amongst others.
Reason to Purchase this Report
To understand the impact of various end-user industries on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating type and end-user industry used in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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