February 17, 2020
According to the research report titled ‘Polypropylene Fiber Market Size By Form (Continuous Fiber, Staple Fiber), By Application (Concrete, Geotextile, Hygiene Products, Industrial Fabrics, Upholstery Fabrics), By End-user (Construction, Medical, Automotive, Filtration, Household), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, the global propylene fiber market is expected to surpass USD 13 billion by the year 2025.
According to the report, evolving lifestyles, growing population, increasing awareness pertaining to hygiene products, and enhanced demand for baby diapers in Asia Pacific are major factors driving the propylene fiber market growth. Propylene fibers are extensively used in personal care and textile industries to develop hygiene products, tissues, diapers, and surgical fibers, hence aiding the market expansion. It is also used in automotive industry to develop insulation pads, trunk carpets, and seats. Thus, growing automotive industry in developing nations is also stimulating the industry outlook.
As per form, the staple form segment is expected to grow with a CAGR of 3.5% during 2019-2025. Staple form has low denier rate as compared to its counterpart and thus is extensively used in construction sector as a concrete fiber for various applications such as floor slabs, pools, precast units, driveways, and building restoration. This factor along with growing construction industry is fueling the segmental growth.
Based on the application spectrum, polypropylene fiber market from industrial fabrics segment is presumed to garner USD 4 billion by the year 2025. Various manufacturers are using polypropylene fiber in seat backs, belts, automotive flooring, and seat cover owing to its mechanical characteristics such as high tensile strength, and superior tear strength, thereby favoring the market outlook.
Citing the end-use, the household segment is presumed to expand with a CAGR of 2.5% between 2019 and 2025, primarily driven by rising adoption of the product in manufacturing furniture, carpets, and tablecloths.
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Considering the geographical landscape, Asia-Pacific polypropylene fiber industry held 30% share in 2018 and will witness consistent growth during the estimated timeframe. Increasing utilization of hygiene products and rising production of automobiles in Asia-Pacific are augmenting the regional demand for the product. On the other hand, polypropylene fiber market in Europe is slated to expand during 2019-2025, owing to rising adoption of non-woven textiles across the region.
The prominent companies operating in the polypropylene fiber market are Hubei Botao Synthetic Fiber Co. Ltd., American Synthetic Fiber LLC, Forta Corporation, Zenith Fibres Ltd., LCY Chemical Corp., Beaulieu International Group, Tri Ocean Textile Co. Ltd., Belgian Fibers, Fibervisions Corporation, ABC Polymer Industries LLC, Sika AG, Lotte Chemical Corp., The Euclid Chemicals Co., BASF SE, and International Fibres Group.
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