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Polypropylene Yarn Market Trends

Report ID: GMI9398
Published Date: May 2024
Report Format: PDF

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Polypropylene Yarn Market Trends

Key trends in the polypropylene yarn industry comprise a heightened focus on sustainability, driving a surge in demand for recyclable materials in textiles and packaging. Additionally, advancements in yarn production procedures are enhancing quality and efficiency. Notably, the automotive sector is witnessing increased adoption of polypropylene yarn due to its lightweight and durable characteristics. Furthermore, expansion is evident in agriculture and construction applications. Overall, the market is undergoing a noticeable transition towards sustainable practices, technological advancements, and broader utilization across diverse sectors.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for polypropylene yarn was USD 17.4 billion in 2023 and is expected to register over 5.3% CAGR from 2024-2032 owing to its affordability, durability, and ability to repel moisture, leading to extensive application across the construction, automotive, and textile domains worldwide.

Polypropylene yarn industry from the partially oriented polypropylene (POY) segment and is expected to reach USD 13.6 billion by 2032 due to its favorable attributes such as exceptional tensile strength, resistance to moisture and chemicals.

Asia Pacific industry reached USD 6.2 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to expansion of the automotive, construction, textile, and packaging sectors in the region.

Antex, Agropoli, Barnet, BR Group a.s., Chemosvit Fibrochem, Cordex, Dostlar, Essegomma, Filatex India Ltd, Lotte Cemical Corporation, Lankhorst Yarns, and Star Global, are some of the major polypropylene yarn companies worldwide.