August 14, 2019
Global polypropylene fiber market is projected to exceed USD 13 billion by 2025, according to the latest research available at Market Study Report LLC, report provides complete overview of polypropylene fiber Market considering all the major Industry trends, market dynamics and competitive scenario.
According to the report, worldwide polypropylene fiber market is mainly driven by the growing demand for hygiene products in the Asia Pacific. The region captured the biggest share in the baby diapers market in the year 2018. The main reasons supporting the demand for diapers in the Asia Pacific are burgeoning population, surging awareness about hygiene, and shift in lifestyle in key economies. Personal care and textile manufacturers utilize this product to manufacture hygiene products, tissues, diapers, surgical fibers, etc. The rise in demand for products pertaining to personal hygiene and surging diaper sales across APAC region would augment the demand for polypropylene fiber in the approaching years.
Growth of the automotive industry in developing nations is another factor promoting market growth. Automotive makers use this product to create interior parts like insulation pads, trunk carpets, seats, etc. Polypropylene fiber is a lightweight material with large coverage area, because of which it is chosen over alternate materials utilized in the automotive sector. Surging vehicle production in South Korea, China, Japan, etc. would magnify the product demand over the estimated timeline.
The polypropylene fiber market is fragmented on the basis of application, end-user, and form. Depending on the form, the market is segmented into staple form and continuous form. Staple form is extensively used in the construction business as concrete fiber for assorted purposes such as driveways, building restoration, precast units, floor slabs, pools, etc. The segment is projected to record a CAGR of 3.5 percent between 2019-2025. Staple form is short in length and has less denier rate as compared to continuous forms. Growing construction market around the globe will spike the utilization of staple form in the impending future.
Based on the application landscape, the polypropylene fiber market has been bifurcated into geotextiles, concrete, industrial fabrics, upholstery fabrics, hygiene products, and others. As cited in the report, the industrial fabrics segment amassed a substantial share of the polypropylene fiber market and is estimated to be worth over USD 4 billion by the year 2025. Polypropylene fiber is used for a wide range of applications like seat backs, belts, automotive flooring, seat cover, etc. on account of its mechanical properties such as high tensile strength, high tear strength, etc.
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In terms of end-user, the market is categorized into construction, filtration, household, automotive, medical, and others. Other end-users are sports, agriculture, etc. Based on the findings of the report, household end-user segment is projected to show a CAGR of 2.5 percent between 2019-2025 due to high usage of the product in tablecloths, furniture, carpets, etc.
According to market analysts, in terms of regional contribution, Asia Pacific leads the polypropylene fiber market, and captured over 30 percent market share in the year 2018. Increasing use of hygiene products along with surging automotive production in key economies of Asia Pacific is likely to boost the polypropylene fiber market size in the years to come. Meanwhile, Europe will be a significant regional market because of growing adoption of non-woven textiles in western countries of Europe.
The key players profiled in the global polypropylene fiber market include FiberVisions Corporation, Lotte Chemical Corporation, ABC Polymer Industries, Sika AG, The Euclid Chemical Company, Sinopec, Zenith Fibres Ltd., BASF SE, International Fibres Group, etc.