Polypropylene Market to Grow with 5.7% CAGR till 2030: P&S Intelligence
NEW YORK, March 17, 2021 /PRNewswire/ -- Global polypropylene market revenue will likely rise to $226.8 billion by 2030 growing at a 5.7% CAGR during 2020-2030, according to the market research report published by P&S Intelligence.
In essence, the key driver for the polypropylene market is the rising demand for the staple fibers made from this material, particularly needle punch durables, among the manufacturers of vehicle components, upholstered furnishings, geotextiles, coating substrates, blankets, indoor & outdoor carpeting, and bedding. In addition, spun-bond polypropylene is being increasingly consumed in the production of infant and adult diapers, feminine hygiene pads, and toddler training pants.