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Detailed examination of the polypropylene fiber market trends and forecasts 2017 - 2022

Detailed examination of the polypropylene fiber market trends and forecasts 2017 - 2022

Polypropylene fiber is the foremost stereo regular fiber to have gained industrial importance. It has superior performance characteristics and relatively low cost. Hence it has lot of applications. Its major applications are in health sector (baby and adult diapers, sanitary coverstock, and medical applications), agriculture (woven bags and sacks) absorbent products, automotive, geotextiles (erosion control applications, soil stabilization, drainage and asphalt overlay) home furnishing and industrial (carpets, disposable nonwovens, ropes, filters) uses. It is also used in concrete, PP staple fiber, UV absorber, face masks and paper reinforcements.

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Polypropylene comprises near about 8.5% of all textile raw material produced worldwide. It is one of the rapidly growing synthetic fibers and fourth fastest growing synthetic fiber.

In 2015  the global production for polypropylene fiber was over 6 million metric tons. Due to the growing nonwovens industry the fibers industry is expected to grow in the future.

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The major producers of polypropylene fibers are Asia-pacific, North America and the Western Europe. China is the major consumer and leading producer of polypropylene fibers.

The major demand for the polypropylene fibers is in the northeast Asia followed by North America and Western Europe.

The major producers of polypropylene fibers globally are Chemosvit, Hercules Inc., Neste, Amoco fabrics and fibers, lenzing AG, Crown Zellerbach, Smith & Nephew Ltd., plastic Ltd., Plastic Ltd. and Amoco Deutschand Gmbh, Plasticisers Ltd, International Fibers Group, Fiber Partner.

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DRIVERS:-

The major driver for this market is the growing demand for carpets, hygiene & medical applications and geotextiles in the developing countries. Moreover with the increasing life standards of people, the demand for textiles and nonwovens would increase, so the demand for polypropylene fibers will also increase.

Furthermore, the major markets for polypropylene fibers are the housing market and the construction sector which is rising of late.

CHALLENGES:-

The major challenges that this market is facing is the volatile polypropylene costs. With the increase in polypropylene cost the polypropylene fibers cost would increase.

Another major risk involved is the possibility of substitutes, with better properties than polypropylene, replacing this. With the increasing costs the possibility of substitutes replacing is higher.

WHAT THIS REPORT CONTAINS:-

Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various applications of polypropylene fiber have been discussed in detail in addition to a comprehensive overview of the market.  

Key questions answered in the report
· What will the market size and the growth rate be in 2022?
· What are the key factors driving this report?
· What are the key market trends impacting the growth of this report?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the vendors in this report?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA?
· What are the key outcomes of the five forces analysis of this report?

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