Biobased Polypropylene Market to worth USD 40 Million by 2022

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Biobased Polypropylene Market to worth USD 40
Million by 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Biobased Polypropylene Market

• Growing light weight plastic demand to improve
  automobile fuel efficiency and thereby decreasing
  overall weight should drive industry growth.
• PLA bio PET is used as substitute product along
  with shale gas production from hydraulic
  fracturing can hinder industry growth.
• Bio PP market size from injection applications
  should register highest gains to register above
  USD 20 million at the end of forecast period.
  Increasing usage of injection molded parts in
  packaging, automotive, electronics, and
  construction applications may fuel product
  demand.
• Europe bio PP market size, led by increasing
  product adoption in Germany, UK, and France,
  should register over 6 gains by 2022.

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Continued...

• Growth in geotextiles demand owing to increasing
  applications scope in soil erosion drainage
  applications should favor demand. North America,
  driven by U.S. bio PP market size, may witness
  significant gains.
• It is used in vegetable, confectionery, and snack
  foods packaging due to its strength and
  transparency properties. Increasing consumer
  awareness towards green packaging solutions for
  food beverages and medical industry should
  drive biobased polypropylene market size from
  films applications.
• Recently, FkuR Kunstsoff GmbH launched partially
  biobased polypropylene compound to be used in
  injection molding applications under the brand
  name Terralene PP 2509.

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Europe Biobased Pp Market Size, By Application,
2014 2022 (USD Million)

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360 Analysis

• Product Analysis
• Rising substitute products threats from bio PET
  and PLA may hinder the biobased PP market growth.
  Growth in shale gas exploration production with
  the advent of hydraulic fracturing may restrict
  biobasd polypropylene market growth.
• Regional Analysis
• North America, led by U.S. biobased PP market
  size, would exceed 6 kilo tons by 2022.
  Regulatory norms for light vehicle weight in U.S.
  and Canada due to their lightweight, high biomass
  content and low GHG emission during manufacturing
  would drive the regional industry growth.
• Competitive Market Share
• Global biobased PP market share is at nascent
  stage with maximum companies focusing on raw
  material development. Some companies operating in
  this industry are Trellis Earth Products,
  Polymers, Dow Chemicals, Braskem, Biobent and
  Global Bioenergies.

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