The polypropylene fiber market share is expected to increase by USD 17.44 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.51%.

This polypropylene fiber market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polypropylene fiber market segmentations by End User (healthcare and hygiene, geotextile, construction, furnishing, and other end-users) and Geography (APAC, Europe, North America, MEA, and South America). The polypropylene fiber market report also offers information on several market vendors, including ABC Polymer Industries LLC, BELGIAN FIBERS SA, Chemosvit AS, FORTA Corp., International Fibres Group Holdings Ltd., LCY Chemical Corp., Mapei SpA, Sika AG, The Euclid Chemical Co., and Zenith Fibres Ltd. among others.

What will the Polypropylene Fiber Market Size be During the Forecast Period?

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Polypropylene Fiber Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing textile industry is notably driving the polypropylene fiber market growth, although factors such as volatile raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polypropylene fiber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polypropylene Fiber Market Driver

The growing textile industry is a major factor driving the global polypropylene fiber market share growth. 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, polypropylene fiber is the desired choice for the same. Also, the cost-effective pricing of the fiber makes it the preferred raw material for the manufacturing of the mentioned products. 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, gauzes, and adhesive tapes. Governments of developing countries such as China, South Africa, and India have been taking initiatives to promote the textile industry. These countries also have low manufacturing costs. As a result, many textile vendors are setting up manufacturing units in these countries for the production of clothing and surgical textile products. This has increased the demand for polypropylene fiber as a raw material in these manufacturing units, thereby aiding in the growth of the market. 

Key Polypropylene Fiber Market Trend

The emergence of bio-based polypropylene is another factor supporting the global polypropylene fiber market share growth. 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. The awareness about a healthy lifestyle is increasing among consumers. The use of safer and renewable sources to manufacture end-products is also increasing. These factors are propelling polypropylene manufacturers to shift from petrochemical feedstock to bio-based feedstocks. Another major reason for the shift is the volatility in the price of petroleum-based chemicals. The production of bio-based polypropylene from sugarcane-derived ethanol was a successful development. It is expected to be commercialized soon. Other sources of bio-based polypropylene are corn and soybean. Many polypropylene-manufacturing companies such as Braskem and SABIC are investing in research and development related to the large-scale production of bio-based polypropylene. Due to such reasons, the market will continue to grow during the forecast period.

Key Polypropylene Fiber Market Challenge

The volatile raw material prices will be a major challenge for the global polypropylene fiber market share growth during the forecast period. Propylene and ethylene are two main classes of petrochemical raw materials rendered from refineries. The prices of crude oil, propylene, and ethylene are interdependent. Crude oil prices across the globe fluctuate as per the supply-demand disparity. In 2020, the crude oil price has witnessed a huge decline compared to 2019. In Saudi Arabia, Brent crude oil price fell to around $22.58 and is the lowest level since 2002. Oil prices declined in March 2020, as oil companies reduced or closed their production activities. The decline in oil prices has negatively affected economic and industrial activities. Fluctuations in oil prices adversely affect the cost of propylene, which is produced through steam cracking and catalytic reforming processes. It is the monomer in the production of polypropylene. Therefore, any change in crude oil or petrochemical prices has a direct influence on the cost of polypropylene and the supply-demand of polypropylene fibers and hamper the growth of the market.

This polypropylene fiber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global polypropylene fiber market as part of the global textile market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polypropylene fiber market during the forecast period.

Who are the Major Polypropylene Fiber Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• ABC Polymer Industries LLC
• BELGIAN FIBERS SA
• Chemosvit AS
• FORTA Corp.
• International Fibres Group Holdings Ltd.
• LCY Chemical Corp.
• Mapei SpA
• Sika AG
• The Euclid Chemical Co.
• Zenith Fibres Ltd.

This statistical study of the polypropylene fiber market encompasses successful business strategies deployed by the key vendors. The polypropylene fiber market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

• ABC Polymer Industries LLC- The company offers FiberForce 100, a fiber count monofilament polypropylene fiber and FiberForce 150, a standard grade monofilament polypropylene fiber used for applications including plastic shrinkage crack reinforcement and reduction of plastic settlement.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polypropylene fiber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Polypropylene Fiber Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the polypropylene fiber market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global textile market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Polypropylene Fiber Market?

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57% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the polypropylene fiber market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The increased use of polypropylene fibers in the geotextile and healthcare industries will facilitate the polypropylene fiber market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The polypropylene fiber market in APAC witnessed certain challenges in 2020 due to the COVID-19 pandemic. India, China, Indonesia, and Bangladesh are some countries that were most affected by the pandemic. Many end-user industries such as automotive, construction, electronics, and furnishing announced a temporary shutdown of their operations in March 2020. The healthcare and hygiene industry was one of the least affected compared with other end-user industries in the region in 2020. The recovery of the polypropylene fiber market from the impact of the COVID-19 crisis is highly dependent on the recovery strategies adopted by various end-user industries.

What are the Revenue-generating End User Segments in the Polypropylene Fiber Market?

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The polypropylene fiber market share growth by the healthcare and hygiene segment will be significant during the forecast period. The focus on improving hygiene and safety during patient engagement and achieving compliance is growing. An increasing number of patients are demanding for 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, and medical tapes at low margins, under highly regulated environments. The above factors are primarily driving the global healthcare industry to adopt polypropylene fiber products increasingly.

This report provides an accurate prediction of the contribution of all the segments to the growth of the polypropylene fiber market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Polypropylene Fiber Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive polypropylene fiber market growth during the next five years
• Precise estimation of the polypropylene fiber market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polypropylene fiber industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polypropylene fiber market vendors

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