- The key vendors in the global bio-polypropylene market 2015-2019 are Biobent Polymers, Braskem , Dow Chemicals, Global Bioenergies and Trellis Earth Products
London, 22 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global bio-polypropylene market 2015-2019. Growing number of strategic alliances and partnerships is one of the key trends upcoming in the market. Strategic alliances, partnership and co-operation agreements, and joint ventures are being entered into in order to achieve breakthroughs in developing a cost-effective and scalable process for the production of bio-polypropylene on a large scale. The global bio-polypropylene market 2015-2019 is expected to grow at a CAGR of 5.58% during the forecast period of 2014-2019.
The stringent government regulations to reduce carbon footprints along with the consumer inclination to utilize bio-based and eco-friendly products is the main impetus responsible for the growth of this market. Moreover, the growing usage of bio-based lightweight materials in the automotive sector is also driving the market.
“Automotive manufacturers are now increasingly using injection molded pieces made from bio-polypropylene strengthened with 20% fiber hemp for inside door panes,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
