Press release
Robust application in the automotive sector to foster Polypropylene Fiber Market size by 2025
Polypropylene Fiber Market
To shed weight and increase vehicular performance, automakers are diligently seeking to utilize lightweight automotive materials. While to satiate this demand, PP fiber manufactures are developing new products and solutions. Highlighting an instance, in 2020, Borealis, a leading provider of polyolefin plastic materials for the automobile sector, announced the availability of its innovative carbon and glass fiber-reinforced polypropylene (PP) technology, Fibremod, to enable automotive companies in North America meet weight-saving as well as cost-saving targets. Driven by such developments, Global Market Insights, Inc., evaluates that the polypropylene fiber market may exceed over USD 13 billion by 2025.
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Reports indicate that the polypropylene staple fiber industry could record a CAGR of more than 3.5% over the forecast period owing to its robust usage in the construction sector as a concrete fiber. Staple forms are short in length and have a lower denier rate than the continuous forms. They are used as a concrete fiber for building restorations, pools, driveways, floor slabs and precast units. The expanding construction sector is likely to fuel the adoption of staple form in the future.
To spread awareness and drive in potential clients, several polypropylene fiber manufacturers are utilizing digital platforms and solutions. For example, in 2019, BASF’s Master Builders Solutions launched its new MasterFiber website presenting the benefits of its innovative and sustainable MasterFiber product, in order to provide information to customers.
In terms of application, the polypropylene fiber market is divided into hygiene products, industrial fabrics, concrete, geotextiles, upholstery fabrics and other applications. Out of these, the industrial fabrics segment is expected to register over USD 4 billion by 2025. The material is extensive used in the automotive industry for making seat backs, seat covers, belts and automotive flooring. Industrial fabrics have excellent mechanical properties such as high tensile strength and high tear strength.
Polypropylene fibers also find noteworthy application across the medical, household, filtration and others sectors like sports and agriculture. The household segment is projected to garner over 2.5% CAGR until 2025. This growth could be underpinned by the material’s extensive usage in furniture, tablecloth and carpets.
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Currently, companies like Sika AG, Lotte Chemical Corporation, ABC Polymer Industries, International Fibres Group, Zenith Fibres Ltd., The Euclid Chemical Company, BASF SE, FiberVisions Corporation, and Sinopec are at the forefront of the PP fiber landscape. These companies are focusing on various business strategies such as geographical expansions, new product development and mergers and acquisitions to enhance their business reach.
Shedding light on an instance, in 2016, Sika AG acquired FRC Industries, a U.S.-based fiber manufacturer which offers high quality synthetic polypropylene and steel fibers for concrete, in order to expand its product portfolio and reach new customers.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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