Selbyville, Delaware, November 30, 2021/PRNewswire/ - According to the latest report from Global Market Insights Inc., the polypropylene fiber market in 2020 is estimated at 3.5 billion U.S. dollars and is expected to exceed The revenue of 7.05 billion US dollars in 2027, the compound annual growth rate from 2021 to 2027 is 3.2%. The research report analyzes in detail the market size and estimates, volatile market trends, best winning strategies, driving factors and opportunities, competitive scenarios, and major investment areas.

Polypropylene fiber refers to a type of linear polymer synthetic fiber obtained by polymerization of propylene. Because of its soft texture and high tensile and tear strength required for long-term use, it is often used in the production of automotive interior fabrics. It also has excellent hydrophobicity, making it a pollution-resistant and lightweight material, providing an innovative solution for the manufacture of light vehicles. These factors are expected to drive product demand in the next few years. In addition, the increase in disposable income, population growth, favorable government initiatives, cost-effective labor and improved living standards will also support market growth during the forecast period.

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Polypropylene fibers are widely used in upholstery fabrics because they have many advantages. The increasing demand for flexibility, high tensile strength, lightweight materials, and abrasion resistance of home and furniture textiles has increased product adoption in upholstery fabric applications. Driven by rising product adoption rates, by the end of 2027, upholstery fabric applications are expected to gain more than 25% of the market share.

From a morphological point of view, the polypropylene fiber market value from the short fiber segment in 2020 is 2.135 billion US dollars, and it is expected to grow at a compound annual growth rate of 3.3% by 2027. Used in different fields, namely filtration, construction and medical. It is expected that the soaring demand for these fibers will stimulate the growth of market segments by analyzing the timeline.

The main reasons for the growth of the polypropylene fiber market:

Forecasts for 2027 show that the “construction” sector maintains its dominant position:

From the perspective of end users, during the analysis period, the polypropylene fiber industry share in the construction sector is expected to grow at a compound annual growth rate of 2.5%. The improvement of structural performance and shelf life, coupled with a significant reduction in construction expenditures, will promote the absorption of products by the construction industry in the next few years.

North America maintains its leading position in terms of revenue:

By region, the North American polypropylene fiber market is expected to account for more than 20% of the industry's revenue by 2027. The surge in demand for a variety of medical products, including hospital bedding, surgical gowns, masks, hygiene products, wound dressing fabrics and protective clothing, is likely to contribute to the growth of the regional market in the future. In addition, the high automobile production in the region is expected to further promote product prospects through the evaluation time frame.

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The impact of the COVID-19 pandemic on the polypropylene fiber market:

The COVID-19 outbreak has disrupted the global supply chain and almost all industries have come to a standstill. Subsequently, shortages of raw materials and labor, as well as strict blockades implemented on a global scale, hindered the growth of the polypropylene fiber market in key areas. However, with extensive immunization work and the government's increasing emphasis on accelerating economic recovery, various industries are resuming operations, thereby steadily promoting product demand in different application fields.

At the same time, the emergence of COVID-19 has also led to a sharp increase in the demand for effective measures to prevent the spread of the new coronavirus. It is worth noting that the vigorous development of polypropylene fibers in masks has had a positive impact on market growth during the pandemic.

Some of the major companies operating in the global polypropylene fiber industry are American Synthetic Fiber, LLC., International Fibers Group, BASF SE, ABC Polymer Industries, LLC, Zenith Fibers Ltd., Lotte Chemical Corporation, LCY Chemical Corp., The Euclid Chemical Company , Sika AG and FiberVisions Corporation, etc.

About Global Market Insight

Global Market Insights Inc., headquartered in Delaware, is a global market research and consulting service provider. Global Market Insights Inc. provides joint and customized research reports, growth consulting and business intelligence services to help clients obtain in-depth insights and actionable market data that help strategic decision-making.

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Arun Hegde Corporate Sales, Global Market Insights Inc., USA Tel: +1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Website: https://www.gminsights.com

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Source: Global Market Insights Inc.

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