Bio-based Polypropylene Market Share, Size, Trends, Industry Analysis Report, By Source (Sugars, Starch, Lignocellulosic Biomass); By Application; By End-user; By Region; Segment Forecast, 2024 - 2032
Description
Bio-based Polypropylene Market Share, Size, Trends, Industry Analysis Report, By Source (Sugars, Starch, Lignocellulosic Biomass); By Application; By End-user; By Region; Segment Forecast, 2024 - 2032
The global bio-based polypropylene market size is expected to reach USD 577.34 million by 2032, according to a new study by Polaris Market Research. The report “Bio-based Polypropylene Market Share, Size, Trends, Industry Analysis Report, By Source (Sugars, Starch, Lignocellulosic Biomass); By Application; By End-user; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing preference for sustainable food products over conventional options is propelling the adoption of bio-based polypropylene in the food packaging industry, especially in packaging dairy products. More industries are embracing sustainable raw materials in their production activities, particularly in construction, automotive, and electronics, driven by mounting concerns about environmental pollution. This positive trend is expected to significantly boost the demand for bio-based polypropylene in the coming years, marking a significant step towards a greener future.
With its unique properties such as cost-effectiveness, recyclability, and lightweight, bio-based polypropylene is poised to revolutionize automotive manufacturing. The growing demand for lower-weight and more sustainable vehicles is expected to drive its utility further, painting a promising future for this innovative material.
Furthermore, the increasing collaborative frameworks in the industry are not just about business partnerships but about a collective effort towards sustainability. For instance, in March 2024, Shell Chemicals and Braskem joined forces to supply bio-circular & bio-attributed propylene-based feedstocks. This strategic move is expected to enhance Braskem's ability to produce sustainable polypropylene in the United States, contributing to the global shift towards eco-friendly materials.
The ongoing research and development activities by the key market players in the production of bio-based polypropylene are likely to impact market growth positively. For instance, in January 2023, Braskem, a polyolefins manufacturer, announced the introduction of a new project to monitor investments in the production of bio-based carbon-negative polypropylene in the United States.
Furthermore, the significant surge in the adoption of sustainable plastic in automotive and industrial applications is boosting the need for sustainable plastics, including bio-based polypropylene. For instance, in April 2024, Eppendorf unveiled bio-based PCR plates to promote sustainability in laboratories. Moreover, the growing awareness about the available polypropylene products will further propel their demand. For instance, in January 2024, Avient Corporation announced the introduction of its bio-based polypropylene portfolio at the European trade show Pharmapack 2024.
Bio-based Polypropylene Market Report Highlights
Lignocellulosic biomass segment is anticipated to witness the highest growth in the coming years due to its affordability and abundance.
Injection segment accounted for the largest market share owing to the growing incorporation of automotive interiors.
The automotive segment is projected to experience a larger revenue share due to the growing demand for sustainable automobiles.
APAC is projected to register the fastest growth during the forecast period, attributable to the increasing demand for e-vehicles.
The global players include BioAmber, Biobent Polymers, Borealis AG, Braskem, Corbion, Danimer Scientific, Dow, FKUR Kunststoff, & GreenMantra Technologies.
Polaris Market Research has segmented the bio-based polypropylene market report based on source, application, end-user, and region:
Bio-based Polypropylene, Source Outlook (Revenue - USD Million, 2019 - 2032)
Sugars
Starch
Lignocellulosic Biomass
Bio-based Polypropylene, Application Outlook (Revenue - USD Million, 2019 - 2032)
Injection
Textile
Films
Others
Bio-based Polypropylene, End User Outlook (Revenue - USD Million, 2019 - 2032)
Automotive
Electronics
Construction
Industrial Applications
Others
Bio-based Polypropylene, Regional Outlook (Revenue - USD Million, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
118 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Plastic Compounding Market Insights
- 4.1. Plastic Compounding Market – End-Use Snapshot
- 4.2. Plastic Compounding Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rise in adoption of plastic compounding materials
- 4.2.1.2. Rise in Industrialization
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Rising environmental concerns
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Plastic Compounding Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Plastic Compounding Market, by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 5.3. Fossil-based
- 5.3.1. Global Plastic Compounding Market, by Fossil-based, by Region, 2019-2032 (USD Billion)
- 5.4. Bio-based
- 5.4.1. Global Plastic Compounding Market, by Bio-based, by Region, 2019-2032 (USD Billion)
- 5.5. Recycled
- 5.5.1. Global Plastic Compounding Market, by Recycled, by Region, 2019-2032 (USD Billion)
- 6. Global Plastic Compounding Market, by Product
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 6.3. Polyethylene (PE)
- 6.3.1. Global Plastic Compounding Market, by Polyethylene (PE), by Region, 2019-2032 (USD Billion)
- 6.4. Polypropylene (PP)
- 6.4.1. Global Plastic Compounding Market, by Polypropylene (PP), by Region, 2019-2032 (USD Billion)
- 6.5. Thermoplastic Vulcanizates (TPV)
- 6.5.1. Global Plastic Compounding Market, by Thermoplastic Vulcanizates (TPV), by Region, 2019-2032 (USD Billion)
- 6.6. Thermoplastic Polyolefins (TPO)
- 6.6.1. Global Plastic Compounding Market, by Thermoplastic Polyolefins (TPO), by Region, 2019-2032 (USD Billion)
- 6.7. Polyvinyl Chloride (PVC)
- 6.7.1. Global Plastic Compounding Market, by Polyvinyl Chloride (PVC), by Region, 2019-2032 (USD Billion)
- 6.8. Polystyrene (PS)
- 6.8.1. Global Plastic Compounding Market, by Polystyrene (PS), by Region, 2019-2032 (USD Billion)
- 6.9. Polyethylene Terephthalate (PET)
- 6.9.1. Global Plastic Compounding Market, by Polyethylene Terephthalate (PET), by Region, 2019-2032 (USD Billion)
- 6.10. Polybutylene Terephthalate (PBT)
- 6.10.1. Global Plastic Compounding Market, by Polybutylene Terephthalate (PBT), by Region, 2019-2032 (USD Billion)
- 6.11. Polyamide (PA)
- 6.11.1. Global Plastic Compounding Market, by Polyamide (PA), by Region, 2019-2032 (USD Billion)
- 6.12. Polycarbonate (PC)
- 6.12.1. Global Plastic Compounding Market, by Polycarbonate (PC), by Region, 2019-2032 (USD Billion)
- 6.13. Polyurethane (PU)
- 6.13.1. Global Plastic Compounding Market, by Polyurethane (PU), by Region, 2019-2032 (USD Billion)
- 6.14. Polymethyl Methacrylate (PMMA)
- 6.14.1. Global Plastic Compounding Market, by Polymethyl Methacrylate (PMMA), by Region, 2019-2032 (USD Billion)
- 6.15. Acrylonitrile Butadiene Styrene (ABS)
- 6.15.1. Global Plastic Compounding Market, by Acrylonitrile Butadiene Styrene (ABS), by Region, 2019-2032 (USD Billion)
- 6.16. Others
- 6.16.1. Global Plastic Compounding Market, by Others, by Region, 2019-2032 (USD Billion)
- 7. Global Plastic Compounding Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 7.3. Automotive
- 7.3.1. Global Plastic Compounding Market, by Automotive, By Region, 2019-2032 (USD Billion)
- 7.4. Building & construction
- 7.4.1. Global Plastic Compounding Market, by Building & construction, By Region, 2019-2032 (USD Billion)
- 7.5. Electrical & electronics
- 7.5.1. Global Plastic Compounding Market, by Electrical & electronics, By Region, 2019-2032 (USD Billion)
- 7.6. Packaging
- 7.6.1. Global Plastic Compounding Market, by Packaging, By Region, 2019-2032 (USD Billion)
- 7.7. Consumer goods
- 7.7.1. Global Plastic Compounding Market, by Consumer goods, By Region, 2019-2032 (USD Billion)
- 7.8. Industrial machinery
- 7.8.1. Global Plastic Compounding Market, by Industrial machinery, By Region, 2019-2032 (USD Billion)
- 7.9. Medical devices
- 7.9.1. Global Plastic Compounding Market, by Medical devices, By Region, 2019-2032 (USD Billion)
- 7.10. Optical media
- 7.10.1. Global Plastic Compounding Market, by Optical media, By Region, 2019-2032 (USD Billion)
- 7.11. Aerospace & defense
- 7.11.1. Global Plastic Compounding Market, by Aerospace & defense, By Region, 2019-2032 (USD Billion)
- 7.12. Others
- 7.12.1. Global Plastic Compounding Market, by Others, By Region, 2019-2032 (USD Billion)
- 8. Global Plastic Compounding Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Plastic Compounding Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Plastic Compounding Market – North America
- 8.3.1. North America: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.3.2. North America: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.3.4. Plastic Compounding Market – U.S.
- 8.3.4.1. U.S.: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.3.5. Plastic Compounding Market – Canada
- 8.3.5.1. Canada: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4. Plastic Compounding Market – Europe
- 8.4.1. Europe: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.4. Plastic Compounding Market – UK
- 8.4.4.1. UK: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.5. Plastic Compounding Market – France
- 8.4.5.1. France: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.6. Plastic Compounding Market – Germany
- 8.4.6.1. Germany: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.7. Plastic Compounding Market – Italy
- 8.4.7.1. Italy: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.8. Plastic Compounding Market – Spain
- 8.4.8.1. Spain: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.9. Plastic Compounding Market – Netherlands
- 8.4.9.1. Netherlands: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.10. Plastic Compounding Market – Russia
- 8.4.10.1. Russia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5. Plastic Compounding Market – Asia Pacific
- 8.5.1. Asia Pacific: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.4. Plastic Compounding Market – China
- 8.5.4.1. China: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.5. Plastic Compounding Market – India
- 8.5.5.1. India: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.6. Plastic Compounding Market – Malaysia
- 8.5.6.1. Malaysia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.7. Plastic Compounding Market – Japan
- 8.5.7.1. Japan: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.8. Plastic Compounding Market – Indonesia
- 8.5.8.1. Indonesia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.9. Plastic Compounding Market – South Korea
- 8.5.9.1. South Korea: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6. Plastic Compounding Market – Middle East & Africa
- 8.6.1. Middle East & Africa: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.4. Plastic Compounding Market – Saudi Arabia
- 8.6.4.1. Saudi Arabia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.5. Plastic Compounding Market – UAE
- 8.6.5.1. UAE: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.6. Plastic Compounding Market – Israel
- 8.6.6.1. Israel: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.7. Plastic Compounding Market – South Africa
- 8.6.7.1. South Africa: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7. Plastic Compounding Market – Latin America
- 8.7.1. Latin America: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7.4. Plastic Compounding Market – Mexico
- 8.7.4.1. Mexico: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7.5. Plastic Compounding Market – Brazil
- 8.7.5.1. Brazil: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7.6. Plastic Compounding Market – Argentina
- 8.7.6.1. Argentina: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. AKRO-Plastic GmbH
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Arkema Group
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Asahi Kasei Plastics
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. BASF SE
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Celanese Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Covestro AG LLC
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. DowDuPont
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Dyneon GmbH & Co KG
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Kingfa Sci &Tech Co Ltd
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Kraton Polymers, Inc
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Kuraray Plastics Co Ltd
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Lyondell Basell Industries N.V
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. SABIC
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Solvay SA
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Teijin Limited
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
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