Bio-based Polypropylene Market - Forecast(2023 - 2028)

Report Code: CMR 33426 Report Format: PDF + Excel

Bio-Based Polypropylene Market Overview

Bio-Based Polypropylene Market size is expected to be valued at US$69.4 million by the end of the year 2027 and is set to grow at a CAGR of 7% during the forecast period from 2022-2027. The increasing demand from the packaging industry is one of the major factors driving the demand for bio-based polypropylene. Polypropylene is a polymer with high melting point made with polylactic acid which makes it suitable for use in medical products and other purposes like thermoplastic polymer that is used to secure containers such as dishwashers, chemicals and others. Bio-based propylene has similar features that of propylene, but is produced through injection molding from raw materials such as sugarcane, beet and corn. Bio-based polypropylene is also substituting the use of synthetic polypropylene in bumpers, chemical tanks, gas cans and others in the automotive industry. This is driving the demand of bio-based polypropylene market.

COVID-19 impact

Amid the Covid-19 pandemic, the bio-based polypropylene market was hugely affected owing to the various legal and economic restrictions laid by governments across the world. Due to the various restrictions laid down during the pandemic across the globe, the bio-based polypropylene market was hugely affected. Any movements including the movement of people and goods were banned fearing the spread of the coronavirus. This hugely impacted the bio-based polypropylene market, as the sales crashed down due to the exponential decrease in demand. The situation is however set to improve by the year ending 2021 and the bio-based polypropylene market is expected to grow.

Report Coverage

The report: “Bio-Based Polypropylene Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Bio-Based Polypropylene Industry.

By Product Type: Sugars, Starch, Lignocellulosic Biomass and Others.
By Application: Textile, Injection molding, Films, Building and Construction, Packaging, Automotive, Consumer Goods and Others.
By Geography: North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market held the largest share in the bio-based polypropylene market owing to increase in demand from the textile industry and construction industry.
  • The growing packaging industry is majorly driving the bio-based polypropylene market since bio-based polypropylene is one of the commonly used thermoplastics used in plastic packaging.
  • The increase in demand from the building and construction industry is also driving the demand for bio-based polypropylene market.
  • Amid the Covid-19 pandemic, the bio-based polypropylene market was witnessed slow growth owing to the ongoing covid-19 pandemic.

FIGURE: Bio-Based Polypropylene Market Share, 2021, By Product Type (%) 

Bio-Based Polypropylene Market

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Bio-Based Polypropylene Market Segment Analysis – By Product Type

Lignocellulosic Biomass segment held the largest share in the bio-based polypropylene market in the year 2021. Lignocellulosic are dry plant matters and that is abundantly available in the nature. It consists of carbohydrate polymers and an aromatic polymer, that gives it the strength that polymer posses. Lignocellulosic is one of the important resources used in bio-products, bioethanol, power and heat production processes. Lignocellulosic is a mixture of natural polymers based on cellulose, lignin, hemicellulose and tannins. This is majorly driving the demand for lignocellulosic biomass segment in the bio-based polypropylene market. 

Bio-Based Polypropylene Market Segment Analysis – By Application

Textile segment held the largest share of 30% in the bio-based polypropylene market in the year 2021. There has been an increase in the demand and production of woolen fabric from various end use industry, especially post Covid-19. This is contributing to the demand for bio-based polypropylene market, as bio-based polypropylene is used as an ‘addition polymer’ in production of wool. According to American Sheep Industry Association, Defense Logistics Agency (DLA), plans to procure 1.5 million linear yards of wool and wool blend fabrics for use in recruit issue uniforms in the year 2021. They are also planning on selling more than 40,000 wool berets during the year 2021. According to Korea Customs Services, the export of textile yarns increased by 4% to US$130 thousands in June 2021 from US$125 thousands from May 2021. Bio based polypropylene is also used as a substitute to synthetic polypropylene. This will further drive the bio-based polypropylene market.

Bio-Based Polypropylene Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 40% in the bio-based polypropylene market in the year 2021. The major exporters of wool fabric in the world are from Asia Pacific region, namely China, South Korea and Japan. According to International Wool Textile Organization, China accounted for 21.1% of world exports of wool fabric in the year 2019, Japan accounted for 4.1% and South Korea accounted for 2.5%. This is making Asia Pacific region the largest exporter of wool fabric in the world. Furthermore, according to Directorate General of Commerce Intelligence and Statistics (DGCIS), exports of woolen yarn, fabrics and made ups reached US$125.13 million and raw wool exports reached US$71,111.74 in the year 2020, accounting for 2% of the global production. This is driving the demand for bio-based polypropylene market in the Asia Pacific region as it is widely used in the production of textile polymer. Furthermore, in the long-term development plan for automotive industry, the Chinese government set a goal for 2020, to reach and annual sales of 2 million for their new energy vehicles (NEV). This will also drive the demand for bio-based polypropylene in the automobile industry as bio-based polypropylene is used in bumpers, gas cans and chemical tanks in the automobile industry. 

Bio-Based Polypropylene Market Drivers

The growing packaging industry is majorly driving the bio-based polypropylene market since bio-based polypropylene is one of the commonly used thermoplastics used in plastic packaging

Bio-based polypropylene is widely used in the packaging of consumer products, plastic parts, special devices, in textile industry and others as thermoplastic polymer. According to the data from World Packaging Organisation (WPO), a global organization and regulatory body of the packaging industry, the annual turnover of the global packaging industry crossed the value of US$500 billion during the year 2019, which served as an important factor driving the demand for bio-based polypropylene which in turn increased the growth of bio-based polypropylene market. This is driving the growth and demand for bio-based polypropylene market from the packaging sector across the globe.

Bio-Based Polypropylene Market Challenges

High initial cost for raw materials and set up

The initial cost for a set of raw material for thermoplastic composites and thermoplastic polymer such as polypropylene is more expensive than its close substitute thermosets, which makes it a costlier product that is not preferred first. The cost of setting up tools is also higher as it requires metal tooling for thermoplastic parts. Whereas aluminium tools do not involve high costs and therefore it helps in reducing lead time and save cost, which makes it a close and a preferred substitute for thermoplastic components and thermoplastic polymer. This is one of the biggest challenges faced by the bio-based polypropylene market.

Bio-Based Polypropylene Industry Outlook

Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in the Bio-Based Polypropylene Market. Major players in the Bio-Based Polypropylene Market include:

  • Global Bioenergies
  • Washington Penn Plastic Co. Inc
  • Dow
  • Biobent Polymers
  • LyondellBasell Industries Holdings
  • Solvay S.A.
  • FKuR Kunststoff GmbH
  • Exxon Mobil Corporation
  • Braskem
  • INEOS
  • Mitsui Chemicals
  • SABIC
  • China Petrochemical Corporation

Relevant Reports

Synthetic And Bio-Based Polypropylene Market – Forecast (2021 - 2026)
Report Code: CMR 63005

Polypropylene And Polypropylene Composites Market – Forecast (2021 - 2026)
Report Code: CMR 18842

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1. Bio-Based Polypropylene Market- Market Overview
    1.1 Definitions and Scope
2. Bio-Based Polypropylene Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Bio-Based Polypropylene Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Bio-Based Polypropylene Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Bio-Based Polypropylene Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Bio-Based Polypropylene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Bio-Based Polypropylene Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Bio-Based Polypropylene Market – By Product Type (Market Size -$Million/Billion)
    8.1 Sugars
    8.2 Starch
    8.3 Lignocellulosic Biomass
    8.4 Others
9. Bio-Based Polypropylene Market – By Application (Market Size -$Million/Billion)
    9.1 Textile
    9.2 Injection molding
    9.3 Films
    9.4 Building and Construction
        9.4.1 Residential construction
            9.4.1.1 Independent homes
            9.4.1.2 Row homes
            9.4.1.3 Large apartment buildings
        9.4.2 Commercial construction
            9.4.2.1 Hospitals and Healthcare Infrastructure
            9.4.2.2 Educational Institutes
            9.4.2.3 Hotels and Restaurants
            9.4.2.4 Banks and Financial Institutions
            9.4.2.5 Airports
            9.4.2.6 Hyper and Super Market
            9.4.2.7 Shopping Malls
            9.4.2.8 Others
        9.4.3 Industrial Construction
    9.5 Packaging
    9.6 Automotive
    9.7 Consumer Goods
    9.8 Others
10. Bio-Based Polypropylene Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Bio-Based Polypropylene Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Bio-Based Polypropylene Market – Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix- Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category - Major companies
13. Bio-Based Polypropylene Market – Key Company List by Country Premium Premium
14. Bio-Based Polypropylene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Electrostatic Precipitator Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Application Market Market 2019-2024 ($M) - Global Industry Research
1.2 Chemical Market 2019-2024 ($M) - Global Industry Research
1.2.1 Electrostatic Precipitator Market Estimate Forecast In Chemical Application Market 2019-2024 ($M)
1.3 Metal Market 2019-2024 ($M) - Global Industry Research
1.3.1 Electrostatic Precipitator Market Estimate Forecast In Metal Industry Market 2019-2024 ($M)
1.4 Power Generation Market 2019-2024 ($M) - Global Industry Research
1.4.1 Electrostatic Precipitator Market Estimate Forecast In The Power Generation Industry Market 2019-2024 ($M)
1.5 Cement Market 2019-2024 ($M) - Global Industry Research
2.Global Bio-Based Polypropylene Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
2.1 Injection Market 2019-2024 ($M) - Global Industry Research
2.2 Textile Market 2019-2024 ($M) - Global Industry Research
2.3 Film Market 2019-2024 ($M) - Global Industry Research
3.Global Electrostatic Precipitator Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
3.1 Application Market Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Chemical Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Electrostatic Precipitator Market Estimate Forecast In Chemical Application Market 2019-2024 (Volume/Units)
3.3 Metal Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 Electrostatic Precipitator Market Estimate Forecast In Metal Industry Market 2019-2024 (Volume/Units)
3.4 Power Generation Market 2019-2024 (Volume/Units) - Global Industry Research
3.4.1 Electrostatic Precipitator Market Estimate Forecast In The Power Generation Industry Market 2019-2024 (Volume/Units)
3.5 Cement Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Bio-Based Polypropylene Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
4.1 Injection Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Textile Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Film Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Electrostatic Precipitator Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Application Market Market 2019-2024 ($M) - Regional Industry Research
5.2 Chemical Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Electrostatic Precipitator Market Estimate Forecast In Chemical Application Market 2019-2024 ($M)
5.3 Metal Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Electrostatic Precipitator Market Estimate Forecast In Metal Industry Market 2019-2024 ($M)
5.4 Power Generation Market 2019-2024 ($M) - Regional Industry Research
5.4.1 Electrostatic Precipitator Market Estimate Forecast In The Power Generation Industry Market 2019-2024 ($M)
5.5 Cement Market 2019-2024 ($M) - Regional Industry Research
6.North America Bio-Based Polypropylene Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Injection Market 2019-2024 ($M) - Regional Industry Research
6.2 Textile Market 2019-2024 ($M) - Regional Industry Research
6.3 Film Market 2019-2024 ($M) - Regional Industry Research
7.South America Electrostatic Precipitator Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Application Market Market 2019-2024 ($M) - Regional Industry Research
7.2 Chemical Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Electrostatic Precipitator Market Estimate Forecast In Chemical Application Market 2019-2024 ($M)
7.3 Metal Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Electrostatic Precipitator Market Estimate Forecast In Metal Industry Market 2019-2024 ($M)
7.4 Power Generation Market 2019-2024 ($M) - Regional Industry Research
7.4.1 Electrostatic Precipitator Market Estimate Forecast In The Power Generation Industry Market 2019-2024 ($M)
7.5 Cement Market 2019-2024 ($M) - Regional Industry Research
8.South America Bio-Based Polypropylene Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
8.1 Injection Market 2019-2024 ($M) - Regional Industry Research
8.2 Textile Market 2019-2024 ($M) - Regional Industry Research
8.3 Film Market 2019-2024 ($M) - Regional Industry Research
9.Europe Electrostatic Precipitator Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
9.1 Application Market Market 2019-2024 ($M) - Regional Industry Research
9.2 Chemical Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Electrostatic Precipitator Market Estimate Forecast In Chemical Application Market 2019-2024 ($M)
9.3 Metal Market 2019-2024 ($M) - Regional Industry Research
9.3.1 Electrostatic Precipitator Market Estimate Forecast In Metal Industry Market 2019-2024 ($M)
9.4 Power Generation Market 2019-2024 ($M) - Regional Industry Research
9.4.1 Electrostatic Precipitator Market Estimate Forecast In The Power Generation Industry Market 2019-2024 ($M)
9.5 Cement Market 2019-2024 ($M) - Regional Industry Research
10.Europe Bio-Based Polypropylene Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
10.1 Injection Market 2019-2024 ($M) - Regional Industry Research
10.2 Textile Market 2019-2024 ($M) - Regional Industry Research
10.3 Film Market 2019-2024 ($M) - Regional Industry Research
11.APAC Electrostatic Precipitator Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
11.1 Application Market Market 2019-2024 ($M) - Regional Industry Research
11.2 Chemical Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Electrostatic Precipitator Market Estimate Forecast In Chemical Application Market 2019-2024 ($M)
11.3 Metal Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Electrostatic Precipitator Market Estimate Forecast In Metal Industry Market 2019-2024 ($M)
11.4 Power Generation Market 2019-2024 ($M) - Regional Industry Research
11.4.1 Electrostatic Precipitator Market Estimate Forecast In The Power Generation Industry Market 2019-2024 ($M)
11.5 Cement Market 2019-2024 ($M) - Regional Industry Research
12.APAC Bio-Based Polypropylene Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
12.1 Injection Market 2019-2024 ($M) - Regional Industry Research
12.2 Textile Market 2019-2024 ($M) - Regional Industry Research
12.3 Film Market 2019-2024 ($M) - Regional Industry Research
13.MENA Electrostatic Precipitator Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
13.1 Application Market Market 2019-2024 ($M) - Regional Industry Research
13.2 Chemical Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Electrostatic Precipitator Market Estimate Forecast In Chemical Application Market 2019-2024 ($M)
13.3 Metal Market 2019-2024 ($M) - Regional Industry Research
13.3.1 Electrostatic Precipitator Market Estimate Forecast In Metal Industry Market 2019-2024 ($M)
13.4 Power Generation Market 2019-2024 ($M) - Regional Industry Research
13.4.1 Electrostatic Precipitator Market Estimate Forecast In The Power Generation Industry Market 2019-2024 ($M)
13.5 Cement Market 2019-2024 ($M) - Regional Industry Research
14.MENA Bio-Based Polypropylene Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
14.1 Injection Market 2019-2024 ($M) - Regional Industry Research
14.2 Textile Market 2019-2024 ($M) - Regional Industry Research
14.3 Film Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
2.Canada Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
3.Mexico Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
4.Brazil Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
5.Argentina Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
6.Peru Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
7.Colombia Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
8.Chile Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
9.Rest of South America Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
10.UK Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
11.Germany Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
12.France Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
13.Italy Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
14.Spain Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
16.China Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
17.India Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
18.Japan Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
19.South Korea Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
20.South Africa Bio-based Polypropylene Market Revenue, 2019-2024 ($M)
21.North America Bio-based Polypropylene By Application
22.South America Bio-based Polypropylene By Application
23.Europe Bio-based Polypropylene By Application
24.APAC Bio-based Polypropylene By Application
25.MENA Bio-based Polypropylene By Application
26.Bioenergies Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.The Dow Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Braskem S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Trellis Earth Products, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Biobent Polymer, Sales /Revenue, 2015-2018 ($Mn/$Bn)