Polypropylene Carbonate (PPC) Market: Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Polypropylene Carbonate (PPC) market was valued at USD 711.5 million in 2022, and is growing at a CAGR of 5.0% during the forecast period.
Polypropylene Carbonate (PPC) Market Overview:
Polypropylene carbonate is a copolymer of carbon dioxide and propylene oxide. It is soluble in polar solvents such as acetone, methyl ethyl ketone, ethyl acetate, dichloromethane, and chlorinated hydrocarbons. It is insoluble in ethyl alcohol, ethylene glycol, water, and aliphatic hydrocarbons.
Polypropylene carbonate is used as a binder. It is used to increase the toughness of some epoxy resins. It is unsuitable as an oxygen barrier; therefore, it is used in applications where diffusion of oxygen through the plastic is desired.
Polypropylene carbonate and polyethylene carbonate are used as sacrificial binders in the ceramics industry. Polypropylene carbonate binders are amorphous, with glass transition temperature of 40°C. Polyethylene carbonate has glass transition temperature of 25°C.
Polypropylene Carbonate (PPC) market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Polypropylene Carbonate (PPC) market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Polypropylene Carbonate (PPC) market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Polypropylene Carbonate (PPC) Market Dynamics and Growth Factors:
Polypropylene carbonate is primarily used as an adhesive because of its excellent adhesion to structures. In the ceramic industry, polypropylene carbonate is used as a sacrificial binder, especially for alumina and silicon carbide. Low sodium content, suitable for preparing dielectric materials, piezoelectric ceramics and other special electric ceramics. Polypropylene carbonate is also used as a toughening agent in thermoset and epoxy resins to increase the toughness of these resins. This is expected to drive the global polypropylene carbonate market in the near future.
Increasing industrialization and stringent regulation by various government agencies on air emissions from different industries such as plastic manufacturing, especially in developing regions across the globe, is driving preference for non-hazardous, bio-based chemicals and biodegradable products. Composite materials of polypropylene carbonate and starch (PPC/starch) can be used as biodegradable plastics. This is expected to boost the global polypropylene carbonate market in the near future.
Polypropylene carbonate is challenging to use in many applications due to its poor thermal stability, mechanical strength and dimensional stability. This is restraining the global polypropylene carbonate market.
Top Key Players include in the Polypropylene Carbonate (PPC) Market are
Empower Materials, SK Energy, Novomer, BASF, Cardia Bioplastics, Tianguan, Bangfeng, Jiangsu Zhongke Jinlong-CAS Chemical, Inner Mongolia Mengxi High-Tech and other.
The Polypropylene Carbonate (PPC) market research report is categorized based on type, applications and region.
On the Basis of Type:
- Injection Molding Grade
- Food Contact Grade
On the Basis of Application:
- Biodegradable Plastics
On the Basis of Region:
Geographically, the global Polypropylene Carbonate (PPC) market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Polypropylene Carbonate (PPC) region is dominating this market in the upcoming future.
Regionally, the Polypropylene Carbonate market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Asia Pacific is expected to account for the major share of the global polypropylene carbonate market during the forecast period, followed by North America and Europe. Rising demand for waterproofing agents and plasticizers in China, Japan, and India is expected to create lucrative opportunities for the market in the region over the forecast period.
Rising private investments in developing economies in Asia Pacific, such as Indonesia and Vietnam, is the major factor expected to drive the market in the region over the forecast period
The polypropylene carbonate market in Latin America, Middle East & Africa is expected to expand at a moderate rate in the near future. Polypropylene carbonate is imported into countries such as Brazil, Mexico, and South Africa owing to the limited presence of manufacturing companies in these countries.
The Middle East and Africa is expected to be the smallest market for polypropylene carbonate during the forecast period. This is due to lack of awareness about the product and its application in the region.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Polypropylene Carbonate (PPC) Market report scope
CAGR of 5.0% during the forecast period.
Injection Molding Grade, Food Contact Grade
Biodegradable Plastics, Electronics Industry
Empower Materials, SK Energy, Novomer, BASF, Cardia Bioplastics, Tianguan, Bangfeng, Jiangsu Zhongke Jinlong-CAS Chemical, Inner Mongolia Mengxi High-Tech and others.
Regions and Countries Covered
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Polypropylene Carbonate (PPC) market?
Who are the key vendors of the global Polypropylene Carbonate (PPC) market?
What are the leading key industries of the global Polypropylene Carbonate (PPC) market?
Which factors are responsible for driving the global Polypropylene Carbonate (PPC) market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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