Biobased Polypropylene (PP) Market Thriving Worldwide: Key Players – Dow Chemicals, Biobent Polymers, Braskem, Global Bioenergies, and Trellis Earth

Market Study Report adds a new paradigm shift observed from conventional products made from fossil materials to the advanced biodegradable & sustainable products, has truly ushered rapid growth in the commercialization of the biobased polypropylene market for the period 2022 that shows the growth of the market is rising at a Steady CAGR to 2022.

Biobased polypropylene (PP) Market size is set to exceed USD 40 million by 2022; according to a new research report.

Growing light weight plastic demand to improve automobile fuel efficiency and thereby decreasing overall weight should drive industry growth.
Government regulation towards usage of lightweight material in vehicles to reduce fuel consumption should drive biobased PP market size. It is also used in medical technology, wind turbines and pressure vessels application, which will further stimulate product demand.

Strict government regulations by EU and EPA to reduce carbon footprints in the atmosphere should boost bio PP market size. PLA & bio PET is used as substitute product along with shale gas production from hydraulic fracturing can hinder industry growth.

Bio PP market size from injection applications should register highest gains to register above USD 20 million at the end of forecast period. Increasing usage of injection molded parts in packaging, automotive, electronics, and construction applications may fuel product demand.

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Bio PP market size from film applications should witness significant gains at over 6%. It is used in vegetable, confectionery, and snack foods packaging due to its strength and transparency properties. Increasing consumer awareness towards green packaging solutions for food & beverages and medical industry should drive biobased polypropylene market size from films applications.

Global bio PP market is presently at the initial development stage, with companies concentrating on raw material procurement to reduce production cost. Companies operating in this domain are Dow Chemicals, Biobent Polymers, Braskem, Global Bioenergies, and Trellis Earth.

Recently, FkuR Kunstsoff GmbH launched partially biobased polypropylene compound to be used in injection molding applications under the brand name Terralene PP 2509. The product has a renewable content of around 35%.

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Table of Content:

Chapter 1 Research Methodology

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Definitions & forecast parameters

1.2 Data Sources

1.2.1 Primary

1.2.2 Secondary

Chapter 2 Executive Summary

2.1 Bio-Based PP industry 360 degree synopsis, 2012 - 2022

Chapter 3 Bio-based PP Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecasts, 2012-2022

3.3 Industry ecosystem analysis

3.4 Industry impact forces

3.4.1 Growth drivers

3.4.1.1 Growing demand for lightweight automotive materials

3.4.1.2 Favorable regulatory scenario

3.4.2 Industry pitfalls & challenges

3.4.2.1 Non-commercial status

3.4.2.2 Emergence of shale gas and competing PP sources

3.4.2.2.1 Polypropylene comparison, by source

3.4.2.3 Advantage of other biopolymers over bio-PP

3.5 Growth potential analysis

3.5.1 Positive automotive industry outlook in Thailand

3.5.2 Automobile manufacturers concern towards reducing GHG emissions

Out side scope of this report In the recent years, the paradigm shift observed from conventional products made from fossil materials to the advanced biodegradable & sustainable products, has truly ushered rapid growth in the commercialization of the biobased polypropylene market. Beyond this, the emergence of green chemicals and mandatory governmental roll outs of biobased products have promisingly set the stage for the heightened demand of biobased polypropylene market. Speaking along similar lines, it is prudent to mention that the EPA and EU are the two global regulatory bodies whose significant regulation on using sustainable products and reducing overall carbon-footprints have positively influenced the business outlook in the recent years.

The advancement in the processing of polymers from natural raw materials such as sugarcane, lignin, starch, rubber, and cellulose have further fortified the demand for biobased polypropylene in large scale applications including textile, injection, films, & automotive sectors. The growing demand for lightweight materials, especially across the automotive sector to reduce overall vehicle weight & lower fuel consumption have notably driven the biobased PP industry trends. Several companies operating in this business space are trying to introduced new plastic products with 100% renewable hydrocarbons. One of the important projects toward eliminating the use of virgin fossil-fuel based material in all the polymer or plastic products is the collaboration between Neste and IKEA, initiated in 2016. Thanks to their partnership, the duo is now turning waste & residue raw materials into polypropylene & polyethylene plastic that is in turn marking a significant step forward a fossil free future.
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