Polypropylene Fibers Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type, End-user Industry, and Geography.

Market Snapshot

Global Polypropylene Fibers Market - Marekt Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for polypropylene fibers is expected to witness a CAGR of over 5%, during the forecast period. One of the major factors driving the market is the rising demand from end-user applications, such as automotive, construction, and furniture. However, the availability of cheaper substitutes is likely to restrain the market.

  • Rising usage in hygiene and healthcare is also likely to boost the demand for polypropylene fibers, during the forecast period.
  • Novel applications in reinforcing are likely to act as an opportunity for market growth in the future.
  • Asia-Pacific dominated the polypropylene fibers market across the world in 2018, and it is also likely to witness the highest growth rate, during the forecast period.

Scope of the Report

The polypropylene fibers market report includes:

Type
Staple
Yarn
End-user Industry
Industrial
Construction
Healthcare and Hygiene
Agriculture
Furniture
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

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Key Market Trends

Rising Demand from the Automotive Industries to Drive the Market Growth

  • The use of polypropylene fibers in the automotive industry, as luggage compartments, under shields, floor carpet systems, wheel arch liners, and seam reinforcement, is driving the global polypropylene fibers market.
  • With the growing population and rising consumer spending in Asia-Pacific, global automotive production has been increasing constantly. According to OICA (The Organisation Internationale des Constructeurs d'Automobiles), the global production of automobiles had reached to 95.6 million units, in 2018.
  • Asia-Pacific and Europe have been the prime regions supporting the growth of automotive production. Additionally, South America is also witnessing a growth in production with the economic conditions improving in the major countries.
  • China, India, the Philippines, and Vietnam are turning out to be potential markets for demand and supply of automobiles, owing to many automobile manufacturers establishing their manufacturing and assembly plants in these countries. This can be attributed to the availability of labor at low costs, raw material prices, and the growing urban population in the region.
  • Additionally, polypropylene fibers are used as a secondary reinforcement, which is usually mixed with the concrete to decrease shrinkage and control cracking in the construction industry. The Asian market is expected to account for the largest share in the global construction market, as governments look to develop infrastructure that has seen years of under-investment, in an effort to unlock sustainable economic growth.
  • Among the Asian countries, India is anticipated to remain the fastest-growing G20 economy. The infrastructure sector is an important pillar for the growth of the Indian economy. The government is taking various initiatives to ensure time-bound creation of an excellent infrastructure in the country.
  • Hence, the usage of polypropylene fibers in the coming years is expected to increase.
Global Polypropylene Market - Key trend

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Asia-Pacific to Dominate the Market

  • In 2018, 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 large scale manufacturing activity in the country.
  • The other end-user industries, like furniture and construction, especially geo-polymers, are also favorable for the increase in consumption of polypropylene fibers in the country.
  • India is the fourth-largest and sixth-largest producer of commercial vehicles and passenger cars, respectively. The country’s automotive industry accounts for ~7.1% of the country’s GDP, where the two-wheeler segment holds around 81% share, owing to the growing middle-class population.
  • Additionally, the government’s initiatives, like the “Make in India” campaign, are helping the local and state-owned manufacturers to provide their products to the consumers and give stiff competition to international players.
  • Moreover, with consistent economic development, along with rising incomes, the automotive industry has been witnessing a continued shift in vehicle preferences (with consumers moving from two- to four-wheelers).
  • India’s construction sector has been growing rapidly with increased investment by the government. The Indian government's ‘Housing for All by 2022’ is also a major game changer for the industry.
  • Additionally, the demand from other end-user industries, such as furniture, exhibited a healthy growth, which is expected to boost the polypropylene fibers market in these regions over the forecast period.
Global Polypropylene Market - Regional trends

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Competitive Landscape

The global polypropylene fibers market is fragmented, with the presence of large number of major players. Avgol Nonwovens, ABC Polymer Industries, LLC, Belgian Fibers, Chemosvit, and Eastman Chemicals are some of the major companies associated with the polypropylene fiber market.

Major Players

  1. Avgol Nonwovens
  2. ABC Polymer Industries
  3. Belgian Fibers
  4. Eastman Chemical Company

* Complete list of players covered available in the table of contents below

Global Polypropylene Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Usage in Hygiene and Healthcare

      2. 4.1.2 Rising Demand from End-user applications, such as Automotive, Construction, and Furniture

    2. 4.2 Restraints

      1. 4.2.1 Availability of Cheaper Substitutes

      2. 4.2.2 Low Melting Point Hinders Usage in Some Applications

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Staple

      2. 5.1.2 Yarn

    2. 5.2 End-user Industry

      1. 5.2.1 Industrial

      2. 5.2.2 Construction

      3. 5.2.3 Healthcare and Hygiene

      4. 5.2.4 Agriculture

      5. 5.2.5 Furniture

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 France

        3. 5.3.3.3 United Kingdom

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of the Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Avgol Nonwovens

      2. 6.4.2 ABC Polymer Industries LLC

      3. 6.4.3 Belgian Fibers

      4. 6.4.4 Chemosvit

      5. 6.4.5 Eastman Chemicals

      6. 6.4.6 Fiberpartner

      7. 6.4.7 Fiberweb PLC

      8. 6.4.8 Fibre Innovation Technology Sdn Bhd

      9. 6.4.9 Freudenberg & Co. KG

      10. 6.4.10 International Fibres Group

      11. 6.4.11 Kimberly-Clark Corp.

      12. 6.4.12 Koch Industries

      13. 6.4.13 W. Barnet GmbH & Co.

      14. 6.4.14 LCY Group

      15. 6.4.15 Propex Operating Company LLC

      16. 6.4.16 Suominen

      17. 6.4.17 Syntech Fibres

      18. 6.4.18 Tri Ocean Textile Co. Ltd

      19. 6.4.19 Zenith Fibres Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Novel Applications in Reinforcing

**Subject to Availability

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