Industry Overview

Global polypropylene fiber market was valued at USD 3.59 Bn in 2020 and is expected to grow at a CAGR of 3.6% during 2021–2030 to reach XX Bn by the year 2030. The market growth is accounted for growing demand for durable & lightweight fibers for various end-use industry applications including construction, automotive, among others.

Introduction

Polypropylene fiber, generated from the thermoplastic polymer polypropylene, is one of the lightest synthetic fibers. Product demand will be boosted by the rapid expansion of industrial activities, particularly in emerging economies. Filtration fabrics, which are commonly employed in the filtration process in any manufacturing business, are made largely of polypropylene nonwoven fibers. By increasing filtering capacity, the fibers can effectively remove undesirable dust particles. Furthermore, developments in the Asia Pacific household appliances industry will be a major impact in the polypropylene fiber market’s ability to grow its revenue in the region.

Polypropylene Fiber Market Covid-19 Pandemic Impact & Recovery Analysis

During COVID-19, the market revenue was hampered across the globe. Decreasing consumer spending and logistics & supply chain limitations were among the major challenges registered by the global polypropylene fibers industry.

However, the market is expected to gain traction over the forecast period owing to increasing demand from various end-user industries across the globe. Government initiative to incentives export in countries such as Malaysia, India, and Singapore are among the key market drivers for the industry growth in the Asia Pacific region.  

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 Polypropylene Fiber Market Dynamics

Increased consumer spending in healthcare and hygiene

Increasing production of vacuum cleaner, air conditioner and various other consumer goods contributing to the luxurious lifestyle is expected to witnesses rise in sales further positively impacting the propylene fiber market demand.     

Increasing application in reinforcing

Expansion in the infrastructure industry in developing economies has resulted into strong demand for reinforcing applications using polypropylene. Its ability to hold the concrete mixture with lower rate of concrete coarse settlement, further reducing the bleeding rate and lower cracking in the concrete mixture. Polypropylene work as crack arrester in the concrete applications. This is projected to boost the market for polypropylene fiber market over the forecast period.

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Polypropylene Fiber Market Segment Analysis

The Polypropylene Fiber market is segmented by form, by application, by end-use, & by region.

Insights by Form

Based on the form the market is segmented into staple fiber and continuous fiber. In the year 2020, the staple fiber segment accounted for the largest market share in terms of revenue and is projected to hold the market dominance over the coming year owing to rising application of nonwoven fibers in cement sheet productions, domestic pipes, tiles, concrete building construction.

Staple fibers properties such as lightweight, lower moisture absorption, higher absorb ink, and flexibility to combine with other materials are expected to boost the end-user demand and drive market growth for the segment.

Insights by Application

Based on the application the polypropylene fiber market is bifurcated into concrete, geotextile, industrial fabrics, hygiene products, Industrial fabrics, and upholstery fabrics. The geotextile segment is expected to account for the largest market share with significant CAGR during the period 2021-2030 owing to its enhanced properties such as high impact resistance, durability, and other mechanical properties.

Insights by End-User

Based on the application the market is segmented into healthcare, automotive, filtration, household, construction, and others. In the year 2020, the construction segment led the market in terms of revenue owing to expanding infrastructure sector in the developing economies.

However, the household application segment is projected to dominate the market over the forecast period accounting for increasing awareness of polypropylene fiber in the production of tablecloths, bed mattresses, covering fabrics, etc.

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Polypropylene Fiber Market Regional Analysis

The regional market for polypropylene fiber is bifurcated into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

In the year 2020, Asia Pacific contributed to the largest revenue share and registered the highest CAGR from 2021-2030. The market growth is attributed to favorable government policies in the countries such as Japan, South Korea, and India.

Automotive sector expansion in the Asia Pacific is among the key market growth drivers for the region as polypropylene is used in interiors of automobiles for automotive seats, insulated pads, and other interior materials. The government initiatives in the countries such as India to support small and medium manufacturing business is expected to boost the demand in the coming years.

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Competitive Insights

The polypropylene fiber market is highly competitive in nature with global players entering into partnerships with leading regional industries to expand in various countries. Prominent market players are focusing on implementing organic and inorganic growth strategies to increase revenue.

Major companies in the Polypropylene Fiber market include (Direct & Indirect Competitors):

• International Fibres Group
• LCY Chemical Corp.
• BASF SE
• Zenith Fibers Ltd.
• Sika AG
• The Euclid Chemical Company
• Lotte Chemical Corporation
• American Synthetic Fiber, LLC.
• ABC Polymer Industries, LLC.
• FiberVisions Corporation.
• Others (20+ Companies are profiled in the final report)

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Polypropylene Fiber Market Report Coverage

Global Polypropylene Fiber Market, by Form

• Continuous Fiber
• Staple

Global Polypropylene Fiber Market, by Application

• Concrete
• Geotextile
• Hygiene Products
• Industrial Fabrics
• Upholstery Fabrics

Global Polypropylene Fiber Market, by End-User

• Construction
• Healthcare
• Automotive
• Filtration
• Household
• Others

Global Polypropylene Fiber Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • South Korea
  • Japan
  • India
  • China
  • Australia
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
• South America
  • Brazil
  • Argentina