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Selbyville, Delaware, May 27, 2019 (GLOBE NEWSWIRE) –
According to a 2019 report, Global Market Insights, Inc., the polypropylene fiber market is expected to grow from $ 10 billion in 2018 to about $ 13 billion by 2025. The growing developments in the automotive industry in Asia-Pacific and Latin America would be the engine of the global market.
Global automotive production has reached more than 95 million units, of which nearly 30% in China. Other countries, such as Japan, South Korea and India, also posted high auto production and sales. This would likely stimulate market demand as it is widely used in automotive interiors such as carpets, heat insulation cushions, seats, and so on. It is the lightest synthetic substitute, with a density of about 0.9 g / cm3 and a larger coverage area. This is the ideal solution for this end-user segment. These qualities will propel the market demand for polypropylene fibers in developing countries.
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The use of products increases in the construction industry because of its different characteristics. It helps to improve resistance to cracking, anti-permeability, frost resistance, fade resistance, abrasion resistance and the workability of mortar and concrete. The uniform distribution of these fibers in the concrete helps to prevent the corrosion of the steel formwork and, consequently, to extend the life of buildings and structures. As a result, developments in the construction industry would in turn increase the market for polypropylene fibers during the study period.
Continuous form held a smaller share of the polypropylene fiber market because of its limited applications. This form finds use in upholstery and other woven applications such as woven bags, strings, nets, etc. The increase in the population in developing regions and the improvement in disposable income would result in an increase in furniture sales, which would likely increase the demand for PP fibers in continuous form over the years. Period of study.
The hygienic product segment will account for about 15% by 2025 due to the unique characteristics of the product such as hydrophobic nature, soft texture and lightness. Therefore, it is increasingly used in the production of incontinence pads, diapers, tampons, sanitary napkins, etc. The increase in the number of health-conscious consumers and government initiatives to educate the population on personal hygiene would propel the polypropylene fiber market during the study period.
Browse the key industry insights, spread over 200 pages, with 299 market data tables and 22 figures and graphs from the report "Size of the polypropylene fiber market by form (continuous fiber, staple fiber), by application (concrete, geotextile, hygiene products, industrial fabrics, upholstery fabrics), by end-user (construction, medical, automotive, filtration) , Household Equipment), Regional Perspectives Report (United States, Canada, Germany, United Kingdom, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, Africa , Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share and Forecasts, 2019-2025 » in detail with the table of contents:
https://www.gminsights.com/industry-badysis/polypropylene-fiber-market
The end-user segment of filtration is expected to grow at a compound annual growth rate of about 3.5% over the study period. Filtration fabrics are made from this product because of its superior resistance to chemicals. It is used in pleated filters, respirator covers, vacuum pre-filters, cartridge filters, liquid filters, air filters, and more.
North American polypropylene fiber market demand stagnated due to market maturity, which limited the expansion of production in the region. The growth of this region will be approximately 2% during the period under review. Infrastructure projects and auto production will be the main drivers of growth for this region. North American manufacturers are investing in the exploration of developing economies where demand from end-user markets is stronger.
Manufacturers of products on the polypropylene fiber market include ABC Polymer Industries LLC, Sika AG, Lotte Chemical Corporation, Sinopec, Euclid Chemical, BASF SE, and others.
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About the world market
Global Market Insights, Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services; offering subscribed and customized research reports as well as growth advisory services. Our business intelligence and industry research reports provide clients with insightful information and market intelligence specifically designed and presented to facilitate strategic decision-making. These comprehensive reports are designed using an exclusive research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energy and biotechnology.
Contact us: Arun Hegde Business Sales, United States Global Market Overview, Inc. Phone: 1-302-846-7766 Toll free: 1-888-689-0688 Email: [email protected] Web: https://www.gminsights.com
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