the analysts forecast global polypropylene absorbent hygiene market to grow at a CAGR of 7.95% during the period 2018-2022. The latest trend gaining momentum in the market is increasing awareness toward baby diapers.
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Polypropylene absorbent hygiene is mostly used in baby diapers products.
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Thus, any increase in demand for baby diapers products results in increased consumption of polypropylene absorbent hygiene products. It is expected that the global market for baby diapers will grow at a CAGR of 8.52% during the forecast period.
Major key players in the global polypropylene absorbent hygiene market: Asahi Kasei Corporation, DowDuPont, KCWW, Mitsui Chemicals, and TORAY INDUSTRIES
According to the polypropylene absorbent hygiene market report, one of the major drivers for this market is Growing demand for hygiene products. Most polypropylene nonwoven fabric produced is consumed for hygiene application.
This hygiene application includes product for babies, adults, and feminine hygiene. The demand for such products is growing in the market, and it is expected that this growing demand will be continued during the forecast period.
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Further, the polypropylene absorbent hygiene market report states that one of the major factors hindering the growth of this market is Volatile petrochemical prices. Propylene and ethylene are two main classes of petrochemical raw materials coming out of refineries.
The prices of crude oil, propylene, and ethylene are inter-dependent. Crude oil prices across the globe fluctuate according to the varying market demand.
Fluctuations in oil prices affect the price of propylene. Propylene is mainly produced by steam cracking and catalytic reforming processes.
It is used as a monomer in the production of polypropylene. Thus, any change in the crude oil or petrochemical prices directly affect the price of polypropylene and thus affect the supply-demand of polypropylene absorbent hygiene products.
Key questions answered in this polypropylene absorbent hygiene market report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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