Global Polypropylene Fibers Market size is forecast to reach $13 billion by 2025, after growing at a CAGR of 4% during 2020-2025. Polypropylene fibers are chemically inert and light weight owing its use in various end use industries like automotive, construction, textile, and healthcare. Moreover, polypropylene is waterproof and are mainly used to lower the absorption of water during production process. Rapid population growth and their advantages over other synthetic fibers is driving the growth of global polypropylene fibers market share during the forecast period.
- China dominates the global polypropylene fibers market owing to increasing demand from applications such as automotive and textile industries.
- The growing popularity of polypropylene fiber reinforced concrete to encounter the brittle behavior of concrete in seismic zones is likely to aid in the growth of polypropylene fibers size during the forecast period.
- Increasing adoption of sustainable and environment friendly products, implementation of stringent government regulations related to their disposal will act as a restrains for the growth of polypropylene fibers industry.
Type of fabric- Segment Analysis
Staple polypropylene fibers held the largest share of more than 55% in global polypropylene fiber market in 2019. Staple polypropylene fibers are mainly used in non-woven fabric industries due to its properties such as durability, anti-microbial and chemical resistant. Staple fibers are fibers that are cut into short lengths owing its use various applications like geotextiles, sports surfaces, and automotive parts. Yarn is made of very fine fabrics and are ideal for the manufacturing of high-quality products such as filters of water or air purifier, curtains and upholstery.
Application – Segment Analysis
Textile and fabrics industry have shown highest CAGR of around 5.5% in global polypropylene fabrics market during the forecast period. Polypropylene fabrics are used to manufacture baby diapers, surgical gloves, and sanitary products in healthcare industry. Additionally, they are used in hernia and pelvic organ prolapse operation in order to prevent infections. Durability and cost effectiveness as compared to natural fibers like jute and cotton is likely to aid the growth of polypropylene fiber market.
The outbreak of coronavirus has badly impacted the polypropylene fiber market. It has disrupted the supply chain all over the world. Manufacturing industries have stopped their production units. Decrease in purchasing capital has directly impacted the automotive, and textile industries which in turn affected the growth of global polypropylene fibers market. According to the Society of India Automobile Manufacturers (SIAM), passenger vehicle sales declined by 51% to 143,014 units in March 2020 whereas the sales of commercial vehicles crashed by 88%. Furthermore, decrease in construction activities due to lockdown has also hampered the growth of global polypropylene fibers market.
Geography- Segment Analysis
APAC dominated the global polypropylene fibers market with a share of more than 35%, followed by North America and Europe. Growing construction activities and rise in disposal income are propelling the growth of polypropylene market in developing nations. According to trade map 367,415 tons of staple polypropylene fibers were imported worldwide in 2018. Advancement of construction activities and use of polypropylene fiber reinforced concrete in earthquake prone countries like China, Japan and Indonesia is accelerating the growth of polypropylene fibers market. Polypropylene fibers are used to enhance the flexural tensile strength and post cracking ductile behavior of concrete. Additionally, huge demands of automobile and fabrics has also fueled the polypropylene market in this region.
Drivers –Global Polypropylene Fibers Market
- Growing demand in various end use industries
Polypropylene fibers find its application in almost every industry from automotive to textile. Rapid increase in population and industrialization are the major factors driving the growth of polypropylene markets. Polypropylene are used in luggage compartments, under shields, floor carpet systems, wheel arch liners and seam reinforcement in automobile industry. According to the International Energy Agency (IEA), global stock of electric passenger cars increased by 63% reaching 5 million in 2018. Thus, increase in demand of electric vehicles also augments the growth of polypropylene fibers market.
Challenges – Global Polypropylene Fibers Market
- Flammability, environmental impact and government regulations on polypropylene fibers
Polypropylene fibers has low melting point and catches fires easily. Due to their ease of catching fire, they are avoided in many applications of apparels and household industries. Polypropylene fibers are chemical as well as microbial resistant and their disposal is a major concern. Disposal of polypropylene fibers has adverse effects on environment and human health as they pollute soil and decreases its fertility. Moreover, government regulations to minimize the use of polypropylene fibers, and focus towards sustainability is retarding the growth of global polypropylene market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the polypropylene fibers market report. In 2019, the market of polypropylene fibers has been consolidated by the top five players accounting for xx% of the share. Major players in the polypropylene fibers market are International Fibers Group, Zenith Fibers Ltd., W. Barnet GmbH & Co. KG, E.I. du Pont De Nemours and Company, Freudenberg& Co. KG, Pioneer Scientific Industry (Nanjing) Co. Ltd., Belgian Fibers, ABC Polymer Industries, LLC and SIKA, among others.
- Acquisitions/Technology Launches
- In September 2019, International Fibres Group has invested around 1.3 million euros in a new R&D plant in Austria to develop innovative products that meet environmental goals in terms of sustainability and recyclability.
- In November 2018, Sika has acquired the global Concrete Fibers business from Propex Holding, LLC. The deal includes a US plant manufacturing synthetic fibers for use in concrete reinforcement and sales operations in Sika’s three geographical regions.
- In September 2016, Sika has acquired FRC Industries. The acquisition led them to expand their footprints in U.S and strengthen their business.