Recycled Polypropylene Market to Witness a Pronounce Growth During 2024
Posted by Rishab Gupta on December 23rd, 2019
Market Research World adds Recycled Polypropylene Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023 reports to its database
Recycled Polypropylene Market Introduction
Polypropylene, a key thermoplastic polymer is one of the eco-compatible polymer composites that can be recycled using mechanical and chemical processes. It is widely used in a range of applications including in the making of various plastic parts. Due to the increasing use of plastics, the global plastic waste crisis has become a paramount concern leading to adverse impacts on health and the environment.
As a result, the demand for plastic recycling, renewable raw materials, and recyclable thermoplastic polymers has been rising dramatically. According to Market Research Future (MRFR), the global recycled polypropylene market is poised to be evaluated at over USD 10 BN by 2023. In its recently published research report, MRFR also asserts that the market would register around 6% CAGR throughout the forecast period (2016-2023).
Recycled Polypropylene Market Players
Veolia Polymers NL BV (The Netherlands), MBA Polymers Inc. (Austria), SUEZ (France), Jayplas (UK), KW Plastics (US), B&B Plastics Inc. (US), Joe’s Plastic, Inc. (US), Custom Polymers (US), PLASgran Ltd. (UK), and Ultra Poly Corporation (US), among others.
Recycled Polypropylene Market Competitive Analysis
Highly competitive, the global recycled polypropylene market appears to be and fragmented. Many large and small players are churning the competition to gain a competitive advantage. Further, they incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch to sustain their market position.
Industry/Innovation/ Related News
July 31, 2019 — Repsol Quimica SA (Spain), leading global petroleum Products Company, launched a new polypropylene (PP) grade, Repsol 25RXPP086Y1E for nonwoven fabric. Through this new polypropylene grade, Repsol enables the incorporation of plastic recycling. This new grade recycled material offers consistency of both characteristics and quality of the raw material, incorporating 25% post-industrial recycled material.
The company is also is evaluating options to incorporate post-consumer recycled material, as well as new alternative applications in the PP sheet and strip sectors. This move fulfills a new achievement within Repsol’s circular economy strategy towards a more sustainable nonwoven fabric. Repsol says this project continues to drive the change towards the circular economy, in line with its commitment to the European Commission’s “Circular Plastics Alliance” (CPA) to increase the total volume of recycled plastic in the Community market to 10 million metric tons in 2025.
Browse Key Industry Insights spread across 140 pages with 47 market data tables & 12 figures & charts from the report, ” Recycled Polypropylene Market: Information by Process (Mechanical, Chemical), Source (Bottles, Films, Bags, Industrial and Agricultural Waste), Application (Packaging, Automotive, Building & Construction, Textiles), and Region—Forecast till 2023″ in detail along with the table of contents https://www.marketresearchfuture.com/reports/recycled-polypropylene-market-7502
Recycled Polypropylene Market Segments
The report is segmented into four market dynamics to widen the scope of understanding,
By Process : Mechanical and Chemical
By Source : Bottles, Films, Bags, Foams, and Industrial & Agricultural Waste, among others.
By Application : Packaging, Automotive, Building & Construction, Textiles, Medical, and Electronics, among others.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Recycled Polypropylene Market Regions
North America would retain its leading position in the global recycled polypropylene market throughout the forecast period. In 2017, the region had acquired over 30% of the market share. Stringent environmental regulations pertaining to plastic waste and consistently developing plastic recycling technologies in the region support the growth of the market. The increasing automotive production with the rising demand for lightweight vehicles is aiding the growth of the regional market.
Augmenting demand from the packaging industry led by the increasing consumption of processed food and beverage products is a key factor boosting the growth of the regional market. Moreover, the growing demand for plastics in automotive, construction, packaging, industrial machinery, and aviation sectors fosters the regional market. Well-established markets, mainly in the US, Canada, and Mexico, are expected to drive the regional market, majorly during the review period.
The recycled polypropylene market in the Asia Pacific region is another lucrative market, globally. Factors such as the rapidly rising infrastructural activities and rapid growth of the packaging industry in the region are the key growth drivers. Furthermore, the shift of major automotive manufacturing bases to the region is fostering the growth of the market.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Process Suppliers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 End Users
4.2 Porter’s Five Forces Model
4.2.1 Threat of New Entrants
4.2.2 Intensity of Competitive Rivalry
4.2.3 Threat of Substitutes
4.2.4 Bargaining Power of Suppliers
4.2.5 Bargaining Power of Buyers
5 Market Dynamics of Global Recycled Polypropylene Market
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About the AuthorRishab Gupta
Joined: November 25th, 2019
Articles Posted: 303
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