Polypropylene (PP) Fiber Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 3.19 Million tons |
| Market Volume (2029) | 3.67 Million tons |
| CAGR (2024 - 2029) | 2.82 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polypropylene (PP) Fiber Market Analysis
The Polypropylene Fibers Market size is estimated at 3.19 Million tons in 2024, and is expected to reach 3.67 Million tons by 2029, growing at a CAGR of 2.82% during the forecast period (2024-2029).
The supply chain disruptions, subcontractors and materials shortage, and contract termination to control expenses, all of which occurred due to the COVID-19 pandemic, impacted the market's growth on a global level. However, post-pandemic, the market is expected to grow steadily.
- Over the short term, the significant factors driving the market are the rising usage of polypropylene fibers in hygiene and health care and the increasing demand for these fibers from the construction industry.
- Factors such as cheaper substitute availability and lower melting points will likely hinder the market's growth.
- The prospects of recycled polypropylene fibers are likely to act as opportunities for market growth.
- Asia-Pacific dominated the global polypropylene fibers market, and it is also likely to witness the highest growth rate during the forecast period.
Polypropylene (PP) Fiber Market Trends
This section covers the major market trends shaping the Polypropylene Fibers Market according to our research experts:
Textile Industry to Dominate the Market
- PPF applications in the textile industry include fibers, fibrous materials, and other PP-based textile materials, including bed covers, carpets, underlays, rugs, tapes, ropes, clothing (home, sport, children's protective), technical textiles, and environmentally-friendly textiles. The primary classification of PP staple fibers is carpet, woolen, cotton types, and microfibers.
- Polypropylene ropes are used for agriculture and crop packing. They can also be used in heavy fruit and vegetable plantations to help the fruit/vegetable hold on to its stem or branch.
- Technical filters are used in various industrial applications, such as wet filtration and pharmaceuticals. These filters provide excellent chemical resistance to paints, coatings, petrochemicals, etc.
- According to data from US Census Bureau, synthetic textile exports increased post-pandemic in 2021.
- In recent years, China's apparel market slowed down and was further hit by the COVID-19 crisis. The apparel industry underwent a significant transition by shifting toward online platforms. By the end of 2023, approximately 58% of China's market revenue may get generated through online sales.
- The textile industry in the United States is globally competitive in manufacturing raw materials for textiles, yarns, fabrics, apparel, home furnishings, and other textile-based finished products. According to SelectUSA, a governmental organization, the country's textile and apparel industry is worth nearly USD 70 billion and is one of the largest manufacturing industry sectors.
- Thus, based on the aspects above, the textile segment is expected to dominate the market.
Understand The Key Trends Shaping This Market
Asia-Pacific to Dominate the Market
- Asia-Pacific dominated the global polypropylene fibers market and is likely to witness the highest growth rate during the forecast period. China is a leading producer of polypropylene fibers due to the high number of large-scale manufacturing activities.
- Several Chinese producers have switched to making polypropylene (PP) fibers amid a spike in the global demand for surgical masks and personal protective gear.
- The companies that recently started producing PP fiber in China are Baofeng, Yan'an Yanchang Petroleum, Shijiazhuang Petrochemical, Dalian Petrochemical, Zhejiang Petrochemical, Shaanxi Yanchang ChinaCoal, and Fushun Petrochemical, among others.
- China is the world's largest producer and exporter of textiles and clothing. Due to its enormous production capacity, China includes an oversupply of textiles and clothing products.
- However, the increasing labor costs and rising global protectionism weakened its competitiveness. The labor costs in the country increased significantly in recent years and surpassed that of many other countries in Asia.
- China includes the second-largest healthcare industry in the world, after the United States, and its healthcare market is more rigorous, especially in light of the COVID-19 pandemic in 2020. China is expected to account for 25% of the global healthcare industry's revenue by 2030.
- The healthcare sector in India is expected to reach USD 372 billion by 2022, mainly driven by increasing health awareness, access to insurance, rising income, and diseases. The medical sector in India is benefiting from the growing population at a rate of 1.6% per year. An aging population of over 100 million, rising lifestyle disease incidences, rising incomes, and increased penetration of health insurance are fueling the growth of more sophisticated and accurate medical devices in the industry.
- The hospital industry in India, which accounts for 80% of the global healthcare market, is witnessing colossal investor demand from international and domestic investors. The hospital industry is expected to reach USD 132 billion by 2023.
- In Japan, the 65-and-above demographic represents around 30% of the country's total population and is expected to reach about 40% by 2050. The rapidly aging Japanese people, the increasing number of patients with chronic and lifestyle diseases, and universal health insurance coverage and regulatory measures are driving the Japanese healthcare market. Japan is boosting its medical sector as its citizens are getting older at a faster rate than the citizens of any other nation.
- The South Korean healthcare sector is on the brink of a massive changeover. It is because of the rapid growth in the aging population and the lowest birth rate. Over the coming years, the South Korean healthcare market is expected to witness massive development that will address the growing needs of consumers.
- All these factors are expected to boost the polypropylene fibers market in Asia-Pacific over the forecast period.
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Polypropylene (PP) Fiber Industry Overview
The global polypropylene fibers market is partially fragmented, with many players. However, the leading company, Indorama Ventures, occupies a considerable market share. Other key players (in no particular order) include Beaulieu Fibers International (BFI), Chemosvit Fibrochem SRO, Radici Partecipazioni SpA, Indorama Ventures, and Mitsubishi Chemical Corporation.
Polypropylene (PP) Fiber Market Leaders
Beaulieu Fibers International (BFI)
Chemosvit Fibrochem SRO
Indorama Ventures
Mitsubishi Chemical Corporation
Radici Partecipazioni SpA
*Disclaimer: Major Players sorted in no particular order
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Polypropylene (PP) Fiber Market News
- April 2022: Indorama Ventures launch a new carbon-neutral fiber product. The product is Deja carbon-neutral polypropylene (PP) fiber. The product's life cycle assessment was done and verified in the United States.
- March 2022: Beaulieu Fibres International launched bio-based fiber solutions with ISCC certifications. These bio-based fibers will replace the need for chemical binders and will help to manufacture 100% polypropylene (PP) needle-punched fabrics.
- September 2021: The Hygiene division of Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announced a hike in the rates of all polypropylene, polyester, recycled polyester, polylactic acid (PLA), and bicomponent fibers. The new rates were effective till December 1, 2021, or as contracts allow.
Polypropylene (PP) Fiber Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Usage in Hygiene and Healthcare
4.1.2 Rising Demand from the Construction Industry
4.2 Restraints
4.2.1 Availability of Cheaper Substitutes
4.2.2 Low Melting Point Hinders Usage in Some Applications
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Raw Material Analysis
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Type
5.1.1 Staple
5.1.2 Yarn
5.2 End-user Industry
5.2.1 Textile
5.2.2 Construction
5.2.3 Healthcare and Hygiene
5.2.4 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 ASEAN Countries
5.3.1.6 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Turkey
5.3.3.6 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ABC Polymer Industries LLC
6.4.2 Beaulieu Fibres International (BFI)
6.4.3 Belgian Fibers
6.4.4 Chemosvit Fibrochem SRO
6.4.5 China National Petroleum Corporation
6.4.6 DuPont
6.4.7 Fiberpartner Aps
6.4.8 Freudenberg Group
6.4.9 Indorama Ventures
6.4.10 International Fibres Group
6.4.11 Radici Partecipazioni SpA
6.4.12 Sika AG
6.4.13 Mitsubishi Chemical Corporation
6.4.14 Huimin Taili Chemical Fiber Products Co. Ltd
6.4.15 Tri Ocean Textile Co. Ltd
6.4.16 W. Barnet GmbH & Co. KG
6.4.17 Zenith Fibres Ltd
6.4.18 Kolon Fiber Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Future Applications For Recycled Polypropylene Fibers
Polypropylene (PP) Fiber Industry Segmentation
Polypropylene fiber (PPF) is a linear polymer synthetic fiber obtained from propylene polymerization. The polypropylene fibers market is segmented based on type, end-user industry, and geography. By type, the market is segmented into staple and yarn. By end-user industry, the market is segmented into textile, construction, healthcare and hygiene, and other end-user industries. The report also covers the market size and forecasts for polypropylene fibers in 16 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilotons).
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Polypropylene (PP) Fiber Market Research FAQs
How big is the Polypropylene Fibers Market?
The Polypropylene Fibers Market size is expected to reach 3.19 million tons in 2024 and grow at a CAGR of 2.82% to reach 3.67 million tons by 2029.
What is the current Polypropylene Fibers Market size?
In 2024, the Polypropylene Fibers Market size is expected to reach 3.19 million tons.
Who are the key players in Polypropylene Fibers Market?
Beaulieu Fibers International (BFI), Chemosvit Fibrochem SRO, Indorama Ventures, Mitsubishi Chemical Corporation and Radici Partecipazioni SpA are the major companies operating in the Polypropylene Fibers Market.
Which is the fastest growing region in Polypropylene Fibers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polypropylene Fibers Market?
In 2024, the Asia Pacific accounts for the largest market share in Polypropylene Fibers Market.
What years does this Polypropylene Fibers Market cover, and what was the market size in 2023?
In 2023, the Polypropylene Fibers Market size was estimated at 3.10 million tons. The report covers the Polypropylene Fibers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polypropylene Fibers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polypropylene Fiber Industry Report
Statistics for the 2024 Polypropylene Fiber market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Polypropylene Fiber analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Polypropylene Fiber Market Report Snapshots
