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Polypropylene Fiber Market Anticipated to Reach $8.66Bn by 2030- Exclusive Report by The Insight Partners

Pune, India, Nov. 08, 2023 (GLOBE NEWSWIRE) -- According to our latest market study on "Polypropylene Fiber Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Material and End Use," the global polypropylene fiber market size was valued at US$ 6.44 billion in 2022 and is projected to reach US$ 8.66 billion by 2030; it is anticipated to record a CAGR of 3.8% from 2022 to 2030. The report highlights key factors driving the market growth and prominent players along with their developments in the market.


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Polypropylene Fibers Market: Competition Landscape

Beaulieu Fibres International; Chemosvit Fibrochem, s.r.o.; Indorama Ventures Public Company Limited; Mitsubishi Chemical Group Corporation; Radici Partecipazioni SpA; Fiberpartner Aps; Belgian Fibers Group NV; Intenational Fibers Group; ABC Polymer Industries, LLC; and Sika are a few of the major players operating in the global polypropylene fiber market. Many market players are focused on developing high-quality, innovative product offerings to fulfill the customer's requirements.

In 2022, Asia Pacific dominated the polypropylene fiber market. The polypropylene fiber market in Asia Pacific has witnessed major growth in recent years, owing to the well-established construction sector and increased emphasis on sustainable practices. Countries in the region are witnessing a growth in urbanization and an increase in residential construction, which offer ample opportunities for key market players in the polypropylene fiber market. China is among the largest markets for polypropylene fiber, driven by the country's large construction set-up. China is one of the fastest-growing economies in the world. Almost all industries in the country are flourishing due to improving living standards, increasing population, and growing per capita income. China is expected to spend US$ 13 trillion yearly on the construction of buildings by 2030. According to the National Bureau of Statistics of China, the construction output value in the country grew from US$ 1.51 ...

Full story available on Benzinga.com


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