• A fiber laser cutting machine utilizes a high-power fiber laser to precisely cut through a wide range of materials, including metals, plastics, and composites. With unparalleled speed, accuracy, and efficiency, it is a cornerstone in modern manufacturing processes, revolutionizing industries such as automotive, aerospace, and electronics. https://www.laserchina.com/cutter/
    #FiberLaserCuttingMachine #LaserTechnology #ManufacturingInnovation #PrecisionEngineering #IndustrialAutomation
    A fiber laser cutting machine utilizes a high-power fiber laser to precisely cut through a wide range of materials, including metals, plastics, and composites. With unparalleled speed, accuracy, and efficiency, it is a cornerstone in modern manufacturing processes, revolutionizing industries such as automotive, aerospace, and electronics. https://www.laserchina.com/cutter/ #FiberLaserCuttingMachine #LaserTechnology #ManufacturingInnovation #PrecisionEngineering #IndustrialAutomation
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  • Experience the pinnacle of efficiency and precision with Fiber Laser Cutting Machines. Utilizing advanced fiber laser technology, these machines offer fast and precise cutting of a wide range of materials, including metals, plastics, and composites. Elevate your manufacturing process with Fiber Laser Cutting. https://www.laserchina.com/cutter/
    #FiberLaserCutting #PrecisionEngineering #ManufacturingTechnology.
    Experience the pinnacle of efficiency and precision with Fiber Laser Cutting Machines. Utilizing advanced fiber laser technology, these machines offer fast and precise cutting of a wide range of materials, including metals, plastics, and composites. Elevate your manufacturing process with Fiber Laser Cutting. https://www.laserchina.com/cutter/ #FiberLaserCutting #PrecisionEngineering #ManufacturingTechnology.
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  • Beyond sewing, prop-making plays a crucial role in cosplay. Weapons, accessories, and intricate props are meticulously crafted using a variety of materials such as foam, thermoplastics, and resin. Cosplayers employ techniques like foam carving, heat shaping, and painting to bring these props to life, adding an extra layer of authenticity to their costumes.https://www.ccosplay.com/

    Armor construction is another hallmark of cosplay craftsmanship, particularly in genres like fantasy and science fiction. Cosplayers utilize materials like worbla, EVA foam, and fiberglass to sculpt intricate armor pieces that mimic the look and feel of their chosen characters. Whether it's the gleaming plates of a knight's armor or the futuristic exoskeleton of a space marine, armor crafting requires precision, patience, and a keen eye for detail.Fallout 33 Blue Costume Fallout Season 1 Cosplay Suit Halloween Men Uniform
    Beyond sewing, prop-making plays a crucial role in cosplay. Weapons, accessories, and intricate props are meticulously crafted using a variety of materials such as foam, thermoplastics, and resin. Cosplayers employ techniques like foam carving, heat shaping, and painting to bring these props to life, adding an extra layer of authenticity to their costumes.https://www.ccosplay.com/ Armor construction is another hallmark of cosplay craftsmanship, particularly in genres like fantasy and science fiction. Cosplayers utilize materials like worbla, EVA foam, and fiberglass to sculpt intricate armor pieces that mimic the look and feel of their chosen characters. Whether it's the gleaming plates of a knight's armor or the futuristic exoskeleton of a space marine, armor crafting requires precision, patience, and a keen eye for detail.Fallout 33 Blue Costume Fallout Season 1 Cosplay Suit Halloween Men Uniform
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  • Beyond sewing, prop-making plays a crucial role in cosplay. Weapons, accessories, and intricate props are meticulously crafted using a variety of materials such as foam, thermoplastics, and resin. Cosplayers employ techniques like foam carving, heat shaping, and painting to bring these props to life, adding an extra layer of authenticity to their costumes.https://www.ccosplay.com/

    Armor construction is another hallmark of cosplay craftsmanship, particularly in genres like fantasy and science fiction. Cosplayers utilize materials like worbla, EVA foam, and fiberglass to sculpt intricate armor pieces that mimic the look and feel of their chosen characters. Whether it's the gleaming plates of a knight's armor or the futuristic exoskeleton of a space marine, armor crafting requires precision, patience, and a keen eye for detail.2023 Ant-Man 3 Cassie Lang Cosplay Costumes
    Beyond sewing, prop-making plays a crucial role in cosplay. Weapons, accessories, and intricate props are meticulously crafted using a variety of materials such as foam, thermoplastics, and resin. Cosplayers employ techniques like foam carving, heat shaping, and painting to bring these props to life, adding an extra layer of authenticity to their costumes.https://www.ccosplay.com/ Armor construction is another hallmark of cosplay craftsmanship, particularly in genres like fantasy and science fiction. Cosplayers utilize materials like worbla, EVA foam, and fiberglass to sculpt intricate armor pieces that mimic the look and feel of their chosen characters. Whether it's the gleaming plates of a knight's armor or the futuristic exoskeleton of a space marine, armor crafting requires precision, patience, and a keen eye for detail.2023 Ant-Man 3 Cassie Lang Cosplay Costumes
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  • Sewing is a fundamental skill in cosplay costume creation. From elegant ball gowns to futuristic bodysuits, the art of sewing allows cosplayers to transform fabric into stunning garments that mirror their favorite characters. Patterns, fabrics, and techniques are carefully chosen to capture the essence of the character while ensuring comfort and mobility for the wearer. https://www.ccosplay.com/

    Beyond sewing, prop-making plays a crucial role in cosplay. Weapons, accessories, and intricate props are meticulously crafted using a variety of materials such as foam, thermoplastics, and resin. Cosplayers employ techniques like foam carving, heat shaping, and painting to bring these props to life, adding an extra layer of authenticity to their costumes. Kids Power Rangers Costume
    Sewing is a fundamental skill in cosplay costume creation. From elegant ball gowns to futuristic bodysuits, the art of sewing allows cosplayers to transform fabric into stunning garments that mirror their favorite characters. Patterns, fabrics, and techniques are carefully chosen to capture the essence of the character while ensuring comfort and mobility for the wearer. https://www.ccosplay.com/ Beyond sewing, prop-making plays a crucial role in cosplay. Weapons, accessories, and intricate props are meticulously crafted using a variety of materials such as foam, thermoplastics, and resin. Cosplayers employ techniques like foam carving, heat shaping, and painting to bring these props to life, adding an extra layer of authenticity to their costumes. Kids Power Rangers Costume
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  • Polypropylene Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2028
    The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021.

    Advancements in Plastic Recycling Technologies to Create New Growth Opportunities

    Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market.




    Driving Factor

    Integration of PP in Electric Vehicles to Catalyze MarketGrowth

    With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market.

    Regional Insights

    Promising Growth of the Packaging Industry to Aid the Asia Pacific Market

    Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billionin 2020.

    Information source:

    https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583
    Polypropylene Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Regional Insights Promising Growth of the Packaging Industry to Aid the Asia Pacific Market Supported by the spectacular growth of the packaging industry, Asia Pacific is set to dominate the polypropylene market share during the forecast period. The progress of the packaging industry in this region is driven by rapid urbanization in India and China, where packaged foods, beverages, and consumer goods are in high demand. The region’s market size stood at USD 39.95 billionin 2020. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583
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    Polypropylene Market Size, Share & Trends | Report [2028]
    The global polypropylene market is projected to grow from USD 76.00 billion in 2021 to USD 108.57 billion in 2028 at a CAGR of 5.2% in forecast period, 2021-2028.
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  • Bioplastics Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2028
    The global bioplastics market size is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years.

    Postponement of Green Investment by Government amid COVID-19 to Hamper Growth

    According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market.

    What does the Report Include?

    The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.


    DRIVING FACTORS

    Increasing Demand for Eco-Friendly Plastics to Aid Growth

    According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years.

    Browse Summary:

    https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940

    Bioplastics Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2028 The global bioplastics market size is expected to experience exponential growth by reaching USD 15,552.3 million by 2028 while exhibiting a CAGR of 10.7% between 2021 and 2028. Fortune Business Insights in its latest report, titled, “Bioplastics Market, 2021-2028.”, mentions that the market stood at USD 7,043.9 million in 2020. Factors such as the increasing demand for eco-friendly plastics across packaging industry and the rising concerns over non-degradable plastic waste are expected to drive the product’s demand in the forthcoming years. Postponement of Green Investment by Government amid COVID-19 to Hamper Growth According to Capgemini Research Institute, out of the 300 large energy companies surveyed in October 2020, 37% planned to postpone investments in low-carbon projects and infrastructure amid the novel coronavirus. The pandemic has dented the growth prospects of several industries across the globe. Postponement or halting of several projects is expected to hamper the growth prospects of the global market. What does the Report Include? The global market for bioplastics report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2021 and 2028. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period. DRIVING FACTORS Increasing Demand for Eco-Friendly Plastics to Aid Growth According to the data by Clean our Ocean, annually plastic is estimated to kill around millions of marine animals across the globe. The growing concern over plastic disposal is propelling the demand for eco-friendly variants of plastics such as biodegradable ones. The biggest recipient of this type of plastic is the packaging industry. The increasing adoption of environment-friendly plastics that serve as a rigid and flexible packaging option is expected to boost the product’s adoption worldwide. Therefore, the growing concerns over the disposal of non-degradable plastics will contribute to the global bioplastics market growth in the forthcoming years. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Bioplastics Market Share, Growth & In -depth Analysis [2030]
    The global bioplastics market is projected to grow from $7,616.0 million in 2021 to $15,552.3 million in 2028 at a CAGR of 10.7% in forecast period 2021-2028
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  • Industrial Hemp Market Growth Prospects, Size, Share, Demand and Current Trends Analysis by 2030

    The global industrial hemp market size was valued at USD 6.63 billion in 2022. The market is projected to expand from USD 7.90 billion in 2023 to USD 31.98 billion by 2030 at a CAGR of 22.11% over the estimated period. The surge is driven by the increasing product demand across various applications. These include textiles, dietary supplements, foods, and food and beverage sectors.

    Leading Players Featured in the Research Report:

    Companies leading in Industrial Hemp Market Are Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands)

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/industrial-hemp-market-102459

    Segmentation:

    Conventional Segment to Register Notable Expansion Impelled by Soaring Affordability

    On the basis of source, the market is subdivided into conventional and organic. The conventional segment is poised to grow at a considerable pace over the forecast period. The growth is propelled by the increasing product deployment in furniture, biofuels, bioplastics, and construction and materials sectors.

    Hemp Fiber to Gain Traction Owing to Surging Application

    Based on type, the market for industrial hemp is fragmented into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment accounted for a dominating share in the global market and is set to register substantial growth throughout the study period. The rise is impelled by surging product adoption across an array of industries such as paper, automotive, and textile.

    Textile Segment to Lead Due to Rising Adoption of Sustainable Practices

    On the basis of application, the market is segmented into personal care & cosmetics, food (dietary and functional foods), pharmaceuticals, beverages, and others. The textile segment held a dominating share of the market and is poised to register an appreciable surge over the anticipated period. The expansion is on account of escalating consumer awareness regarding climate and environmental change.

    Based on geography, the market for industrial hemp has been studied across Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

    Drivers and Restraints:

    Surge in Market Value Driven by Growing Government Support and Escalating Legalization

    Industrial hemp market growth is being driven by the increasing government support regarding the cultivation of the product. Hemp cultivation is further favored by soaring legalization in various countries.

    However, the industry expansion could be hampered by strict regulations regarding the sale, marketing, and cultivation of the product in some countries.

    Regional Insights:

    Europe is dominating the Consumption of Industrial Hemp owing to Growing Legalization

    Europe industrial hemp market share is touted to grow at a considerable pace over the study period. The surge is propelled by the surging product usage across an array of end-user sectors such as pharmaceuticals, cosmetics, construction materials, textiles, and others.

    In North America, the U.S. and Canada dominate the market for industrial hemp. Meanwhile, demand across the Asia Pacific is slated to surge as awareness about the industrial uses of hemp rises.

    Competitive Landscape:

    Key Companies Ink Collaborations for Footprint Expansion

    Leading industry participants are formulating and implementing a series of strategic initiatives for strengthening their business positions. These include acquisitions, merger agreements, partnerships, and others. Additional steps include the formation of alliances, R&D activities, and the launch of new products.

    Key Industry Development:

    March 2020 – The Uzbekistan government legalized cannabis cultivation. The license was assigned to cultivators with a THC (tetrahydrocannabinol) level of less than 0.2%.
    Industrial Hemp Market Growth Prospects, Size, Share, Demand and Current Trends Analysis by 2030 The global industrial hemp market size was valued at USD 6.63 billion in 2022. The market is projected to expand from USD 7.90 billion in 2023 to USD 31.98 billion by 2030 at a CAGR of 22.11% over the estimated period. The surge is driven by the increasing product demand across various applications. These include textiles, dietary supplements, foods, and food and beverage sectors. Leading Players Featured in the Research Report: Companies leading in Industrial Hemp Market Are Fresh Hemp Foods Ltd. (Canada), IND HEMP, LLC. (U.S.), Blue Sky Hemp Ventures (Canada), Panda Biotech, LLC (U.S.), Hemp Republic (India), South Hemp Tecno Srl (Italy), HEMP FACTORY (Germany), East Mesa (U.S.), DON Processing, Inc. (U.S.), HempFlax Group B.V. (Netherlands) Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industrial-hemp-market-102459 Segmentation: Conventional Segment to Register Notable Expansion Impelled by Soaring Affordability On the basis of source, the market is subdivided into conventional and organic. The conventional segment is poised to grow at a considerable pace over the forecast period. The growth is propelled by the increasing product deployment in furniture, biofuels, bioplastics, and construction and materials sectors. Hemp Fiber to Gain Traction Owing to Surging Application Based on type, the market for industrial hemp is fragmented into hemp seed oil, hemp seed, hemp fiber, and others. The hemp fiber segment accounted for a dominating share in the global market and is set to register substantial growth throughout the study period. The rise is impelled by surging product adoption across an array of industries such as paper, automotive, and textile. Textile Segment to Lead Due to Rising Adoption of Sustainable Practices On the basis of application, the market is segmented into personal care & cosmetics, food (dietary and functional foods), pharmaceuticals, beverages, and others. The textile segment held a dominating share of the market and is poised to register an appreciable surge over the anticipated period. The expansion is on account of escalating consumer awareness regarding climate and environmental change. Based on geography, the market for industrial hemp has been studied across Europe, North America, Asia Pacific, South America, and the Middle East & Africa. Drivers and Restraints: Surge in Market Value Driven by Growing Government Support and Escalating Legalization Industrial hemp market growth is being driven by the increasing government support regarding the cultivation of the product. Hemp cultivation is further favored by soaring legalization in various countries. However, the industry expansion could be hampered by strict regulations regarding the sale, marketing, and cultivation of the product in some countries. Regional Insights: Europe is dominating the Consumption of Industrial Hemp owing to Growing Legalization Europe industrial hemp market share is touted to grow at a considerable pace over the study period. The surge is propelled by the surging product usage across an array of end-user sectors such as pharmaceuticals, cosmetics, construction materials, textiles, and others. In North America, the U.S. and Canada dominate the market for industrial hemp. Meanwhile, demand across the Asia Pacific is slated to surge as awareness about the industrial uses of hemp rises. Competitive Landscape: Key Companies Ink Collaborations for Footprint Expansion Leading industry participants are formulating and implementing a series of strategic initiatives for strengthening their business positions. These include acquisitions, merger agreements, partnerships, and others. Additional steps include the formation of alliances, R&D activities, and the launch of new products. Key Industry Development: March 2020 – The Uzbekistan government legalized cannabis cultivation. The license was assigned to cultivators with a THC (tetrahydrocannabinol) level of less than 0.2%.
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Industrial Hemp Market Size, Share | Industry Outlook [2030]
    The global industrial hemp market size is projected to grow from $7.90 billion in 2023 to $31.98 billion by 2030, at a CAGR of 22.11% during the forecast period
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  • https://www.databridgemarketresearch.com/reports/global-bioplastics-biopolymers-market
    https://www.databridgemarketresearch.com/reports/global-bioplastics-biopolymers-market
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    Bioplastics - Biopolymers Market Size, Share, Industry Analysis, Growth, Trends & Forecast 2029
    Bioplastics - Biopolymers Market to grow at a CAGR 13.15% by forecast 2029. It fragments by country, type and end-user.
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  • Polypropylene Market 2020 Developing Factors, Emerging Opportunities, Present and Future Trends, Innovation with Covid-19 Opportunity To 2028
    The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021.

    Advancements in Plastic Recycling Technologies to Create New Growth Opportunities

    Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market.

    Segmentation

    Based on type, the market is bifurcated into homopolymer and copolymer.

    On the basis of end-user, this market has been segmented into packaging, automotive, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceuticals, electrical & electronics, agriculture, and others. Here, the consumer goods/lifestyle segment accounted for a 7.1% share in the global market in 2020.

    By region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


    Driving Factor

    Integration of PP in Electric Vehicles to Catalyze MarketGrowth

    With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market.


    Information source:

    https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583
    Polypropylene Market 2020 Developing Factors, Emerging Opportunities, Present and Future Trends, Innovation with Covid-19 Opportunity To 2028 The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. Advancements in Plastic Recycling Technologies to Create New Growth Opportunities Plastic pollution has become a scourge of development for the planet. Now, chemical industry companies, with support from governments and international bodies, are taking concerted steps to tackle this problem head-on using advanced recycling technologies. For example, in April 2021, INEOS bagged the ISCC Plus award from the International Sustainability & Carbon Certification organization for its successful commercial-scale trials of next-generation recycling technology to produce polypropylene (PP), high-density polyethylene (HDPE), propylene, and ethylene. In the same month, the US Polypropylene Recycling Coalition, a cross-industry collaboration, sanctioned USD 1 million to three facilities to augment the recovery of PP in the US. Thus, growing recognition and improving funding for the plastic circular economy will play a vital role in the development of this market. Segmentation Based on type, the market is bifurcated into homopolymer and copolymer. On the basis of end-user, this market has been segmented into packaging, automotive, infrastructure & construction, consumer goods/lifestyle, healthcare & pharmaceuticals, electrical & electronics, agriculture, and others. Here, the consumer goods/lifestyle segment accounted for a 7.1% share in the global market in 2020. By region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Driving Factor Integration of PP in Electric Vehicles to Catalyze MarketGrowth With vehicle pollution at an all-time high in major economies, the adoption of electric vehicles (EVs) is surging worldwide. For example, in 2019, global electric car sales reached 2.1 million, according to data released by the International Energy Agency (IEA). The key to enhancing the energy efficiency of EVs is to reduce their weight by employing lightweight materials in the manufacturing of their components. Polypropylene, which is a thermoplastic, is perfectly suited to meet this goal, primarily because it has low density. As a result, many EV makers are actively integrating PP in their products to make them more energy-efficient. For example, the Skoda Scala features 10% low-talc PP from Borealis, which has been used to make the car’s center console, glove box, and instrument panel. Similarly, Renault’s B4D engine leverages a PP compound for the air intake manifold, weighing 15% lesser than manifolds made from traditional polyamide-based materials. In sum, the incorporation of PP-based materials in EVs is the new thriving trend in the plastics industry, which is propelling the market. Information source: https://www.fortunebusinessinsights.com/industry-reports/polypropylene-pp-market-101583
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    Polypropylene Market Size, Share & Trends | Report [2028]
    The global polypropylene market is projected to grow from USD 76.00 billion in 2021 to USD 108.57 billion in 2028 at a CAGR of 5.2% in forecast period, 2021-2028.
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