Bio-based Polypropylene (PP) Market Report

Bio-based Polypropylene (PP) Market Analysis By Application (Injection, Textile, Films) And Segment Forecasts To 2020

Published: January 2015  |  76 Pages  |  Format: PDF  |  Report ID: 978-1-68038-317-1

Industry Insights

Global biobased polypropylene (PP) market is at a nascent stage of development, and most of the companies are pursuing activities on manufacturing naturally derived isopropanol and n-butanol. Corn, biomass, and vegetable oil are typically used for the manufacturing of aforementioned biobased products. Bioplastics industry growth and regulatory support regarding the reduction of GHG emissions are expected to have a positive impact on biobased PP market. Growing lightweight materials demand in automotive coupled with the favorable regulatory scenario for eco-friendly products is expected to drive biobased PP market growth over the next six years. Growing demand for substitutes such as PLA and biobased PET is expected to hamper market growth over the next six years. Also, advancement in hydraulic fracturing has increased the availability of shale gas and oil, which has resulted in the reduction of petroleum prices. Increased availability of shale gas is expected to impact negatively biobased PP market over the next six years.

Global biobased PP market, by region, 2012 - 2020 (Kilo Tons)

bio-based-polypropylene

Application Insights

Biobased PP was majorly used in injection applications, accounting for more than 50% of market volume share in 2013. Gaining importance of lightweight materials in the automotive sector is expected to fuel biobased plastics demand, which is expected to result in increased scope of biobased PP in injection applications. Automotive industry growth in Brazil, Mexico, China, and Malaysia is expected to promote injection activities and is likely to have a significant impact on biobased PP market in the near future. Films followed injection applications in 2013 and accounted for more than 15% of global biobased PP market volume. Sustainable packaging market growth is expected to augment biobased PP demand in film applications over the next six years. Textiles are expected to witness growth on account of growing geotextiles demand as a solution to soil erosion and drainage applications. Other applications covered in the report include biobased PP use as elastomer modifier, EPP, and concrete additives.

Regional Insights

Europe was the largest regional biobased PP markets in 2013, accounting for more than 35% of the global volume share. European Commission has framed numerous regulations supporting the use of biobased polymers due to their low GHG emissions during manufacturing and high biomass content. These factors have further resulted in the growing demand for biobased polymers such biobased PP in Europe. North America is expected to follow Europe over the forecast period. Rising demand for biodegradable polymers within the rebounding construction industry of North America is anticipated to fuel the growth of the biobased PP market over the next six years. Supporting regulations for biobased polymers implemented by regulatory agencies such as the EPA is expected to contribute further to the growth of the biobased PP market over the next few years. Asia-Pacific is expected to witness below average growth owing to the abundant availability of synthetic PP due to the presence of several fossil fuel reserves. Rapid industrialization across Latin America, Middle East, and Africa is expected to play an important factor in improving the economic condition of consumers in these regions. This, in turn, is expected to drive various sectors such as packaging, automotive, construction and electronics sector in the region over the next few years.

Competitive Insights

Trellis Earth Products, which acquired Cereplast in 2014, remains as a single manufacturer engaged in biobased PP. The company has production base situated at Seymour, Indiana and markets its product under the brand name Biopropylene. As of 2014, the company is using sugarcane as a raw material for biobased PP production and pursuing efforts on shifting to algae as a biobased feedstock. Former company Cereplast Inc. already launched its subsidiary Algaeplast Inc. intended for developing biobased plastics derived from algae in January 2013. Other market players include Global Bioenergies, Braskem, Dow Chemicals and Biobent Polymers.

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