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The polypropylene fiber market size is estimated to grow at a CAGR of 5.63% between 2022 and 2027. The market size is forecast to increase by USD 19,286.05 million. The growth of the market depends on several factors, including, the growing textile industry, the rise in global construction and infrastructure development activities, and the increased consumption of hygiene products.
This polypropylene fiber market report extensively covers market segmentation by end-user (healthcare and hygiene, geotextile, construction, furnishing, and others), type (staple fiber and continuous fiber), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing textile industry is the key driver for the growth of the global polypropylene fiber market. Polypropylene fiber is primarily used in the textile industry for manufacturing products such as carpets, upholstery, and tarpaulins. Polypropylene fiber has features such as chemical resistance and lightweight. These properties make propylene fiber suitable for manufacturing clothing and surgical textile products such as aprons, face masks, gauze, and adhesive tapes. Governments of developing countries such as China, South Africa, and India have been taking initiatives to promote the textile industry.
Moreover, polypropylene fiber is primarily used in the textile industry for manufacturing products such as carpets, upholstery, and tarpaulins. As these products require sturdy and strong material for structural integrity so polypropylene fiber is the best choice for the same. In addition, polypropylene fiber also exhibits properties such as chemical resistance and lightweight. These features make propylene fiber suitable for manufacturing clothing and surgical textile products such as aprons, face masks, gauze, and adhesive tapes. Hence, the rising textile industry is expected to drive the growth of the global polypropylene fiber market during the forecast period.
The emergence of bio-based polypropylene is the primary trend in the global polypropylene fiber market. Environmental concerns associated with the production and use of fossil fuel-derived polypropylene are growing. As a result, the need to replace synthetic polypropylene is growing. Factors such as the rising awareness about a healthy lifestyle and the use of safer and renewable sources to manufacture end products are propelling polypropylene manufacturers to shift from petrochemical feedstock to bio-based feedstocks.
In addition, the development and production of bio-based polypropylene from sugarcane-derived ethanol was successfully done. It is expected to be commercial in the upcoming days. Many polypropylene-manufacturing companies are investing in research and development related to the large-scale production of bio-based polypropylene. Hence, the emergence of bio-based polypropylene is expected to show a positive impact on the growth of the global polypropylene fiber market during the forecast period.
The harmful effects of polypropylene are the key challenge for the global polypropylene fiber market. Due to the hazardous materials getting in touch with hormones in the body, they create an imbalance in hormonal activities. They also can come in contact with the unborn fetus by interfering with testosterone and disrupting its normal development. Polypropylene is widely used in car components, synthetic-fiber carpets, and plastic toys. In the process of outgassing, volatile organic compounds (VOCs) evaporate and creates hazards to human health.
Moreover, polypropylene plastic is derived from hydrocarbon fuels, making its manufacturing unsustainable. A lot of energy is spent while acquiring these substances due to the limited availability of fossil fuels. A major amount of waste is produced during the making of polypropylene also some toxic chemicals are also utilized in the process. This can contaminate the air and water, thereby negatively impacting the environment. Thus, due to the presence of such harmful health effects, the market for polypropylene fiber is expected to be negatively impacted during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Polypropylene Fiber Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Indorama Ventures Public Co. Ltd.: The company offers polypropylene fiber for automotive, adornment, and industrial applications.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The healthcare and hygiene segment is estimated to witness significant growth during the forecast period. Owing to an increasing number of patients demanding quality healthcare experience. The global healthcare industry is facing challenges in providing superior healthcare products such as surgical masks, gloves, caps, gowns, overshoes, sponges, and bandages. The above factors are primarily driving the global healthcare industry to adopt polypropylene fiber product growth. These healthcare products are better as compared with those made up of other fibers. Factors such as competitive cost, and its easy shaping attribute during product manufacturing make it a good choice for use in the manufacturing of masks, gloves, caps, gowns, and medical tapes.
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The healthcare and hygiene segment was the largest segment and was valued at USD 24,379.05 million in 2017. In the medical field, cross-contamination has been a serious problem for years. One of the reasons was the reuse of gowns and masks. It is utilized as a cost-effective alternative to woven textiles. In addition, disposable fabrics such as gowns and masks are highly preferred by the medical community as opposed to reusable materials, owing to properties such as reliability, bacterial impermeability, and solid structure. Hence, these factors are expected to drive the growth of the segment of the global polypropylene fiber market during the forecast period.
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The origin of the polypropylene fibers is from Northeast Asia, followed by the Indian Subcontinent and Southeast Asia. This is because of the significant contribution of its geotextile industry. Moreover, in 2020, China is the highest consumption of polypropylene fiber in the region with a share of 50% of the global. Other developed countries, such as South Korea and Taiwan, have witnessed an increase in apparel and textile exports over the last few years, driving the demand for polypropylene fiber. This can significantly increase the use of polypropylene fibers in the geotextile and healthcare industries in the region.
The polypropylene fiber market in APAC witnessed certain challenges in 2020 due to the COVID-19 pandemic. However, in 2021, after the vaccination drive, operations in various industries gradually restarted. Some government organizations in the region extended support for the development of their infrastructure sector. For example, a newly announced Affordable Rental Housing Complex (ARHC) scheme, and investments in the industrial segment due to the push toward Atmanirbhar Bharat, which is aimed at reducing imports and making the country self-reliant. Hence, such factors are significant to show the growth opportunities for the regional market during the forecast period.
The polypropylene fiber market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the Polypropylene Fiber Market as a part of the consumer discretionary market within the global consumer durables and apparel market. The parent global application software market covers companies that are engaged in developing and producing application and system software. It also includes companies offering database management software. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Polypropylene Fiber Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.63% |
Market growth 2023-2027 |
USD 19,286.05 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.23 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 52% |
Key countries |
US, China, India, Germany, and Italy |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABC Polymer Industries LLC, Aditya Nonwoven Fabric Pvt. Ltd., BASF SE, Beaulieu International Group, BELGIAN FIBERS SA, Chemosvit AS, FORTA Corp., Indorama Ventures Public Co. Ltd., International Fibres Group Holdings Ltd., Kolon Fiber Inc., Lotte Chemical Corp., Mapei SpA, Mitsubishi Chemical Corp., Palmetto Industries International Inc., Radici Partecipazioni Spa, Sika AG, Silvassa Woven Sacks Pvt. Ltd., The Euclid Chemical Co., W. Barnet GmbH and Co. KG, and Zenith Fibres Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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