Home > Chemicals & Materials > Advanced Materials > Functional Materials > Polypropylene Fiber Market

Polypropylene Fiber Market Share

Report ID: GMI2242
Published Date: Nov 2021
Report Format: PDF

Download Free Sample

Polypropylene Fiber Market Share

Major leaders in the global market is considerably investing in the development of quality products along with mergers & acquisitions to expand their geographical presence. Polypropylene fiber industry participants are working on new product development to further strengthen their market presence. They are also forming strategic partnerships to more effectively cater to their customers. Mergers & acquisitions are helping market players to increase their revenue share and incorporate new and advance technologies.

For instance, in November 2018, Sika AG acquired the global concrete fibers business of Propex Holding, LLC. to expand its production capacity. Furthermore, a few leading companies have invested in capacity expansion to stimulate their business growth. For instance, in September 2018, Malaysia's Lotte Chemical Titan Holdings started a new polypropylene unit with a production capacity of 200,000 mt/year at Pasir Gudang. This strategic expansion will provide opportunities to meet the changing demand for products in the region.

Key market players involved in the market are :

International Fibres Group
LCY Chemical Corp
BASF SE
Zenith Fibers Ltd
Sika AG
The Euclid Chemical Company
Lotte Chemical Corporation
American Synthetic Fiber, LLC
ABC Polymer Industries, LLC
FiberVisions Corporation

Authors: Kiran Pulidindi, Saurabh Bhalerao

Frequently Asked Questions (FAQ) :

The global polypropylene fiber industry is slated to exceed $7 billion by 2027 and will record a growth rate of more than 3% from 2021 to 2027 due to the growing need for durable & lighter fibers in automotive, and construction applications.

Polypropylene fiber is one of the lightest synthetic fibers, derived from thermoplastic polymer polypropylene, and is widely used to produce filtration fabrics, that are predominantly used in filtration processes in any manufacturing industry.

Demand for staple polypropylene fibers is expected to reach over USD 4 billion through 2027, as they are widely utilized in cement sheets production, tiles, concrete building construction, and domestic pipes to cater to the growing need for nonwoven fabrics.

The polypropylene fiber market from geotextile applications is poised to witness a 2.5% growth rate through 2027 driven by the increasing utility in aggregate drains, erosion & sediment control, and pavement systems, for diverse infrastructure projects.

The Asia Pacific polypropylene fiber sector is likely to generate USD 2,680 million by 2027 due to a rise in construction spending in China, India, and Indonesia coupled with favorable government policies on infrastructural development.