Polypropylene is on the major thermoplastic polymers, with major application in the packaging, automotive, and building & construction industries. However, the waste from the polypropylene products degrade gradually when disposed in the landfills and take approximately 20 to 30 years to decompose completely. This has caused a major environmental concern due to the toxic additives such as lead, and cadmium used during the formulation of the products. This has been leading to the increasing need for recycling the waste polypropylene and reuse it in the major end-use applications.
Competitive
Analysis
The leading players in the global diisononyl phthalate
market are MBA Polymers Inc. (Austria), Veolia Polymers NL B.V. (The
Netherlands), SUEZ (France), KW Plastics (US), Jayplas (UK), B&B Plastics
Inc. (US), Custom Polymers (US), Joe's Plastic, Inc. (US), Ultra Poly
Corporation (US), and PLASgran Ltd. (UK), among others.
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Market
Segmentation
The
global recycled polypropylene market has been categorized into process, source,
end-use, and region.
On
the basis of process, the global recycled polypropylene market has been
segregated into mechanical and chemical. The mechanical recycling is a
well-established technology for recycling polypropylene and is projected to be
the leading process segment during the forecast period. This can be mainly
attributed to the various advantages offered by the process, part of the
resources consumed for the production of the plastic materials is not wasted
during the mechanical recycling and cost competitiveness over chemical process.
By
source, the global recycled polypropylene market has been divided into bottles,
films, bags, foams, industrial and agricultural waste, and others. The bottles
segment accounted for the largest share of the global market in 2017. This is
mainly due to the increasing consumption of processed food and beverages, which
is mainly provided through plastic bottles manufactured using polypropylene.
Robust growth of the food & beverages industry globally due to the rising
population is expected to drive the market growth in the coming years.
Based
on application, the market is segmented into packaging, automotive, building
& construction, textiles, medical, electronics, and others. The packaging
is the leading application segment and is projected to grow at the highest CAGR
during the review period, owing to the rising demand for recycled propylene in
the food packaging applications. In addition, the industrial packaging sector
is booming which is further expected to favor the market growth.
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Regional Analysis
The
global recycled polypropylene market has been segmented across five
regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East
& Africa. The North American market held the largest share of the global
market in 2017. The robust growth in plastic recycling technology and rising
awareness regarding the impacts of plastic generated waste is driving growth of
the regional market. Moreover, the strengthening environmental regulations
pertaining to virgin plastic production has hampered the plastic production and
hence fueled the demand for recycled plastic obtained from the waste.
Furthermore, the rising automotive production based on recycled polymers in the
region is driving the market growth.
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