The Global Renewable Polypropylene Market is projected to garner a revenue of USD 59.3 million by 2027, as per the latest research study by Emergen Research. The polypropylene market is poised to grow at a considerable rate accredited to the soaring demand for environmentally friendly and sustainable polypropylene materials from various industry verticals. The demand for polypropylene is high in verticals such as automotive, construction, and electrical and electronics.
The market growth is also majorly driven by the increasing concerns surrounding the rising emissions of greenhouse gases. This is prompting automobile manufacturers to increasingly deploy renewable polypropylene in manufacturing processes. In addition to this, government policies and regulations for the application of lightweight materials in energy-efficient and fuel-efficient vehicles are further expected to bolster the market growth.
However, the emergence of new innovative materials and the availability of various auxiliary materials are anticipated to hamper the market’s growth during the projected timeframe.
For the purpose of this study, Emergen Research has segregated the Global Renewable Polypropylene Market based on end-use, application, source, and region:
Source Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
End-Use Outlook (Revenue, USD Million; 2017-2027)