LAS VEGAS, Dec. 06, 2017 (GLOBE NEWSWIRE) — A research study titled, “Polypropylene Fiber Market By Process, Form and End User- Global Industry Analysis and Forecast to 2023” published by Crystal Market Research, states that global polypropylene fiber market is projected to be around $90.46 billion by 2023.
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The global polypropylene Fiber market was evaluated around USD 56.73 billion in the 2014 and is expectedto reach approximately USD 90.46 billion by the end of 2023 while registering itself at a compound annual growth rate (CAGR) of 5.32% over the forecast period.Polypropylene (PP) is a thermoplastic expansion polymer produced using the mix of propylene monomers. It has prevalent execution qualities and moderately minimal effort. It has low warm conductivity and better protection so it is utilized as a part of the warm wear applications. The adult and baby diapers portion holds the significant share of the polypropylene market. Currently it is broadly being utilized as a part of the development business for strengthening concrete.
On the basis of Process, the global market is split into Spun melt, Wet lay, Spun bonded, Dry lay and other processes.The development in significant end-users ventures like dispensable cleanliness items and geotextiles, and so on is anticipated to affect the worldwide polypropylene fiber market emphatically.
On the basis of Form, the global market is split into;Continuous fiber and Polypropylene staple fibers.The primary factor driving the development of the worldwide polypropylene fiber market is that the polypropylene fiber is a sparing substitute for a considerable lot of the traditional filaments in various applications like floor coverings, and so on. Actuality, in a large number of the application regions, the utilization of polypropylene fiber has lessened the cost to about portion of the underlying expense.
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On the basis of End User, the global market is split into Construction, Pharmaceutical, Electrical and electronics, Automotive, Geotextile and Hygiene products.Among all the end users pharmaceutical section holds the highest market share of the overall industry. Currently, the polypropylene fibers are utilized as a part of the construction industry which will expand the market growth over the forecast period.
Scope of the Report:
Geographically, the global polypropylene fiber market is segmented into regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada) and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others). Asia-Pacific is expected to lead the polypropylene fiber market over the forecast period followed by North America and Europe.
The market includes various competitors prevailing across regions. The major players in the market are Belgian Fibers, Freudenberg Group, FiberpartnerApS, Zenith Fibres Ltd, SyntechFibres (Pvt) Ltd, ABC Polymer Industries LLC, Eastman Chemical Company, Chapelthorpeplc, Tri Ocean Textile Co. Ltd. Suominen Corporation and Avgol Industries.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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