Polypropylene carbonate is being increasingly utilized as a binder owing to its advanced binding properties. Rising product use in the ceramic industry as a sacrificial binder, specifically in silicon carbide and alumina, is projected to create business prospects in the global polypropylene carbonate in the upcoming years.
A study by Transparency Market Research (TMR) provides 360-degree analysis of the global polypropylene carbonate market. Hence, readers gain in-depth knowledge on the growth drivers, challenges, R&Ds, and competition landscape of the market for global polypropylene carbonate. Moreover, assessment also enlightens on sales, revenues, production, and other statistics of the global polypropylene carbonate market.
Polypropylene carbonate refers to a copolymer of propylene oxide and carbon dioxide. While the product is soluble in polar solvents including methyl ethyl ketone, acetone, dichloromethane, chlorinated hydrocarbons, and ethyl acetate, it is insoluble in ethylene glycol, ethyl alcohol, aliphatic hydrocarbons, and water, notes a study on the global polypropylene carbonate market.
Rising Product Use as A Toughening Agent Drives Sales in Market
Polypropylene carbonate holds its low content of sodium. As a result, it is being increasingly utilized in the manufacturing of piezoelectric ceramics, dielectric materials, and other special electro-ceramics. This, in turn, is fueling the sales growth in the global polypropylene carbonate market. Moreover, surge in the use of polypropylene carbonate as a toughening agent in epoxy resins and thermoset to increase the toughness of these resins is creating lucrative prospects in the global polypropylene carbonate market.
Many developing nations around the globe are implementing stringent regulations on varied industry verticals such as plastic manufacturing pertaining to air emissions. As a result, there has been a surge in the demand for bio-based chemicals and non-hazardous and biodegradable products around the world. This, in turn, is driving the sales growth in the global polypropylene carbonate market. Moreover, the market is being driven by rising industrialization across many developing nations around the world.
Rising use of composites of polypropylene carbonate with starch (PPC/starch) as biodegradable plastics is fueling the growth opportunities for companies in the global polypropylene carbonate market. Food contact grade and injection molding grade are some of the product types available in the polypropylene carbonate market. These products are utilized in biodegradable plastics, electronics, and ceramics.
Some of the key players operating in the global polypropylene carbonate market include SK Energy, BASF SE, Novomer, Empower Materials, Bangfeng, Cardia Bioplastics, Caffaro, Jiangsu Zhongke Jinlong-CAS Chemical, Inner Mongolia Mengxi High-Tech, Tianguan, and Perstop.
Presence of many companies shows that the competition landscape of the global polypropylene carbonate market is highly intense. Hence, enterprises in the market for global polypropylene carbonate are using organic as well as inorganic strategies in order to stay ahead of the competition. Mergers, acquisitions, joint ventures, and partnerships are some of the key strategies used by players in the global polypropylene carbonate market. Moreover, companies are increasing investments in R&Ds in order to develop superior quality products. Such efforts, in turn, are bolstering the global polypropylene carbonate market.
Players in Polypropylene Carbonate Market Gain Lucrative Prospects in Asia Pacific
The global polypropylene carbonate market shows existence in many regions such as Europe, North America, Latin America, Middle East & Africa, and Asia Pacific. Among all, players are projected to gain sizable opportunities for business in Asia Pacific owing to factors such as increase in the use of waterproofing agents and plasticizers in developing nations including Japan, China, and India. Moreover, the Asia pacific polypropylene carbonate market is prognosticated to expand in the upcoming years owing to rise in private investments in many emerging economies such as Vietnam and Indonesia.