07-Jun-17 Biobased polypropylene (PP) is a thermoplastic polymer derived from natural sources like corn, sugarcane and beet. They are produced by either fermentation or gasification. Its properties are very similar to synthetic polypropylene, such as stretchable, lightweight, high melting point, good fatigue etc. It is used for production of items like injections, films and textiles. Hence, its end user industries include automobiles, medical devices, packaging, textiles and pipe systems. An innovative application of biobased polypropylene is in the production of biaxially oriented polypropylene (BOPP) films, which are used for packaging of convenience food.
As per Decision Databases, the leading product segments of the global biobased polypropylene market are injection, followed by textiles and then films. Automotive and textile industries are globally the biggest end-users of biobased polypropylene market. Environmental concerns regarding the production and usage of synthetic polypropylene have significantly promoted the growth of global biobased polypropylene market. Besides the rising prices of petroleum based feedstocks is encouraging a global shift from synthetic polypropylene to biobased polypropylene. However, the market is at its nascent stage, but the supportive policies of EPA (Environment Protection Agency) are helping the global biobased polypropylene market grow at a good pace. he comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved. The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
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