DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rs5cp5/global_bio) has announced the addition of the "Global Bio Polypropylene(PP) Market 2015-2019" report to their offering.
The global bio-polypropylene market to grow at a CAGR of 5.58% by volume during 2014-2019.
Bio-polypropylene belongs to the family of polyolefins which is produced from renewable or plant-derived energy sources, such as sugarcane, starch, etc. Bio-polypropylene derived from sugarcane usually exhibits the same characteristics as that of the polypropylene generated from fossil feedstock. It is a thermoplastic polymer that is known for its tensile strength, firmness and resistant to heat. Bio-polypropylene can be co-polymerized to enhance the tensile strength and toughness. It is utilized essentially for injection molding and thermoforming applications, and is transformed into diverse parts for use in durable applications in packaging, automotive industry, etc.
The report includes a comprehensive discussion on the market, segmented by geography and also provides an extensive coverage on various applications of bio-polypropylene. It presents the market analysis for each application segment in detail, which can be used to evaluate the market for individual application segment based on its growth potential and return on investment. The report provides the key vendors information based on the production volume of bio-polypropylene.
The growing number of strategic alliances is a major trend that will boost market growth. Strategic alliances, partnership and co-operation agreements, and joint ventures are being entered into in order to achieve breakthroughs in developing a cost-effective and scalable process for the production of bio-polypropylene on a large scale.
According to the report, one driver that fosters growth in this market is the growing consumer preference for sustainable products. Bio-polypropylene is already used extensively as a packaging material for making beverage bottle closures. In addition, due to the growing consumer inclination to utilize bio-based products, food and beverage manufacturers are increasingly focus on using bio-polypropylene as packaging material as it is lightweight and has reduced wall-thickness capabilities.
Further, the report states that the increasing availability of shale gas is a major challenge faced by this market. The expanded production of shale gas in the US has already diminished worldwide gas costs by decreasing the country's demand for liquefied petroleum gas.
Key Vendors
- Braskem
- Biobent Polymers
- Dow Chemicals
- Global Bioenergies
- Trellis Earth Products
Other Prominent Vendors
- Coskata
- DU Pont
- Nature Works
For more information visit http://www.researchandmarkets.com/research/rs5cp5/global_bio
