Bio-based Polypropylene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The bio-based polypropylene market is expected to register a CAGR of over 20% during the forecast period.
The impact of COVID-19 was negative due to the raw materials shortage and declined demand for the product. However, an upsurge in the textile industry propelled bio-based polypropylene consumption after the pandemic.
Key HighlightsThe bio-based polypropylene market is partially consolidated, with the major players dominating a significant portion. Some companies operating in the market (in no particular order) are Borealis AG, Braskem, Mitsui Chemicals Inc., SABIC, and LyondellBasell Industries Holdings BV.
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