According to recent research, the global polypropylene fiber market size was USD 9.64 billion in 2018 and is expected to grow at a CAGR of around 5.21% between the forecast years of 2019 and 2026.
Polypropylene Fiber Market
The global polypropylene fiber market size was USD 9.64 billion in 2018 and is expected to reach USD 14.47 billion by 2026, growing at a CAGR of around 5.21% between 2019 and 2026.
The report covers forecast and analysis for the polypropylene fiber market on a global and regional level. The research report presents a comprehensive valuation of the market and contains thoughtful facts, insights, historical data, statistically backed and industry-validated market figures. It also contains estimates using a right set of expectations and procedures. The study provides historic data of 2016 to 2018 along with a forecast from 2019 to 2026 based on volume (Kilo Tons) and revenue (USD Million).
Among the many types of synthetic fibers currently on the market, polypropylene fiber is widely recognized as having among the highest rates of growth. An increase in the production of non-woven fabrics is one factor that is predicted to drive the polypropylene fiber market forward in the coming years. There are a number of benefits to polypropylene fibers.
It's a light fabric that doesn't hold on to moisture, which makes it perfect for a wide range of items that focus on hygiene. Polypropylene fibers are also resistant to most acids and alkalis because of their chemical inertness. Polyethylene fiber is often used as a fabric for making warm clothes because it doesn't let heat pass through it as easily as other materials do. The market for polypropylene fibers is expected to grow a lot over the next few years, and hygiene products are one of the main industries that use them.
The lower production costs associated with using polypropylene fibers instead of more traditional fibers like wool or cotton in products like carpets are expected to be a major factor in the expansion of the polypropylene fiber industry. As a result of its implementation, the value of products has increased to the extent that they are now worth around 50% of their original cost. The expansion of significant end-use sectors, such as geotextiles, disposable hygiene products, etc., is predicted to further fuel the expansion of the polypropylene fiber market over the forecast period.
The study contains drivers, restraints, opportunities, and challenges for the polypropylene fiber market along with the impact they have on the market. In order to give the users of this report a comprehensive view on the polypropylene fiber market, we have included competitive landscape and analysis of Porter's five forces model for the market. The report offers exhaustive analysis of macro-economic indicators, market trends, and governing factors along with market attractiveness. The report also includes the qualitative impact of various market factors on market segments and geographies.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product type launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.
The study provides a decisive view on the polypropylene fiber market by segmenting the market based on material, application, end-use and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This segmentation includes demand for polypropylene fiber market based on all segments in all the regions and countries.
On the basis of the end-use industry, the polypropylene fiber market has been segmented into geotextile, hygiene products, construction, pharmaceutical, electrical and electronics, and automotive. Domestic use held one of the largest market share segments in 2018 due to its widespread usage in products such as tablecloth, furniture, and carpets etc. The construction segment witnessed an appreciable market share of the global polypropylene fiber market in 2018. The product is increasingly being used as a concrete fiber owing to its high chemical resistance and superior performance. Polypropylene fiber helps in decreasing the cracks that get developed in the concrete surface and supports the strength of the structure. The rising investment for the development in the construction industry is expected to fuel the growth of the polypropylene fiber market over the forecast timeframe.
On the basis of form, the polypropylene fiber market has been segmented into polypropylene staple fibers and continuous fibers. The staple form of polypropylene fibers has low thickness than the continuous fibers and is generally cut into short lengths to simplify its end-usage. They are commonly used in the non-woven fabric industries owing to their superior properties. Also, they are used as concrete fibers for several applications like building restoration, pools, precast units, driveways, floor slabs, etc. The continuous growth witnessed in the global construction industry, along with an increasing population in the developing countries is anticipated to propel the demand for polypropylene staple fibers in the market in the forecast timeframe.
On the basis of process, the polypropylene fiber market has been segmented into spun-bonded, spun melt, wet lay, dry lay, and others. Spun bond fibers are made from thermoplastics which are placed to the web onto a conveyor belt and consequently joined together. The development of the non-woven category is likely to grow at a significant rate over the forecast years; of which spun-bond technology spunlaid or spun bond is by far expected to be one of the most dominant processes for manufacturing medical nonwovens, accounting for about 70% of all medical nonwoven products.
Some of the key players operating in the global polypropylene fiber market include:
Industry players are mostly focusing on research and development activities and collaboration strategies.
Global Polypropylene Fiber Market: End Use Industry Type Analysis
Global Polypropylene Fiber Market: Form Analysis
Global Polypropylene Fiber Market: Process Segment Analysis
Global Polypropylene Fiber Market: Regional Segment Analysis
Polypropylene fiber is acknowledged as one of the swiftly growing synthetic fibers made from the polymer polypropylene.
One of the major factors that are anticipated to drive the growth of the polypropylene fiber market is its economic viability in comparison with the conventional fibers that are used in the manufacturing of products such as carpets.
The growing use of bio-based polypropylene fiber, the increasing adoption of nonwoven fabrics in the healthcare sector, and the development of new applications such as 3D printing.