Ocean View, Delaware, May 29, 2017 (GLOBE NEWSWIRE) —

Biobased polypropylene Market share is slated to cross USD 40 million by 2022; according to a new research report by Global Market Insights, Inc. Growing light weight plastic demand to improve automobile fuel efficiency and thereby decreasing overall weight should drive industry growth.

Government regulation towards usage of lightweight material in vehicles to reduce fuel consumption should drive biobased PP market size. It is also used in medical technology, wind turbines and pressure vessels application, which will further stimulate product demand.

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Strict government regulations by EU and EPA to reduce carbon footprints in the atmosphere should boost bio PP market size. PLA & bio PET is used as substitute product along with shale gas production from hydraulic fracturing can hinder industry growth.

Bio PP market size from injection applications should register highest gains to register above USD 20 million at the end of forecast period. Increasing usage of injection molded parts in packaging, automotive, electronics, and construction applications may fuel product demand.

Europe bio PP market size, led by increasing product adoption in Germany, UK, and France, should register over 6% gains by 2022. Favorable government initiatives driving bioplastics market and presence of automobile sectors should drive regional industry growth.

Browse key industry insights spread across 80 pages with 40 market data tables & 21 figures & charts from the report Biobased Polypropylene (PP) Market in detail along with the table of contents at:           

https://www.gminsights.com/industry-analysis/biobased-polypropylene-pp-market-size  

Asia Pacific, led by Japan, India and China bio PP market size, from textile applications should witness significant gains at over 5%. Rapid industrialization in China and India should stimulate regional growth.

Growth in geotextiles demand owing to increasing applications scope in soil erosion & drainage applications should favor demand. North America, driven by U.S. bio PP market size, may witness significant gains. Favorable regulations by EPA along with rising biodegradable polymers demand should drive industry growth.

Bio PP market size from film applications should witness significant gains at over 6%. It is used in vegetable, confectionery, and snack foods packaging due to its strength and transparency properties. Increasing consumer awareness towards green packaging solutions for food & beverages and medical industry should drive biobased polypropylene market size from films applications.

Global bio PP market is presently at the initial development stage, with companies concentrating on raw material procurement to reduce production cost. Companies operating in this domain are Dow Chemicals, Biobent Polymers, Braskem, Global Bioenergies, and Trellis Earth.

Recently, FkuR Kunstsoff GmbH launched partially biobased polypropylene compound to be used in injection molding applications under the brand name Terralene PP 2509. The product has a renewable content of around 35%.

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Browse Related Reports:

  • Bio Based Polyethylene Terephthalate (PET) Market Size 2016 – 2023

Bio Based Polyethylene Terephthalate (PET) Market size was over USD 1.5 billion in 2015 and expects over 40% growth rate. Increasing awareness among consumers for biomass derived products and stringent government norms by EU to encourage environmental friendly products should drive global bio based PET market size.

https://www.gminsights.com/industry-analysis/bio-based-PET-market

  • Synthetic and Bio-based PMMA (Polymethyl Methacrylate) Market Size 2015 – 2022

Global Polymethyl Methacrylate (PMMA) Market size generated over 6.5 billion in 2014, with consumption slated to exceed 3.2 kilo tons at the end of 2022. Strong application scope in automotive, electronics, and sign & display industry should drive PMMA market size. Rising spending on advertising campaigns and marketing to create brand equity should drive industry growth.

https://www.gminsights.com/industry-analysis/synthetic-and-bio-based-pmma-polymethyl-methacrylate-market-size


About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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