Bio-based Polypropylene Market by Application (Building & Construction, Automotive, Consumer Goods, Packaging, Others), by North America (U.S., Canada), by Europe (Germany, France, U.K., Italy, Rest of Europe), by Asia Pacific (China, India, Japan, Rest of Asia Pacific), by Rest of the World (Brazil, Rest of World) Forecast 2024-2032
The Bio-based Polypropylene Marketsize was valued at USD 68.5 Kiloton in 2023 and is projected to reach USD 97.03 Kiloton by 2032, exhibiting a CAGR of 5.1 % during the forecast period.Bio-based polypropylene (bio-PP) is a natural substitute for the normal polypropylene that is produced from fossil fuels. It is fashioned from renewable biomass sources like sugarcane, corn, or biomass waste. Bio-PP has the same properties as the PP of the past, such as high tensile strength, resistance to chemicals, and versatility. Its production lessens the demand for the limited fossil resources, and hence, it reduces the carbon footprint, which in turn makes the environment sustainable. Through its biodegradable capacity, bio-PP is a solution to plastic pollution, especially in single-use items; hence, it is a way to solve the pollution of plastic. It is as good as the petroleum-based one, so it is appropriate to use in different industries, for example, packaging, automotive components, and textiles. Bio-PP is an environmentally friendly vice, but it also has the economic advantage of diversifying feedstock sources, and in the long term, the production costs can even be lower.
Application
Region
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The market is segmented based on application(Building & Construction), region, feedstock, and product type.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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