Polypropylene yarn market to triple by 2034

The global polypropylene yarn market is set to experience robust growth, says a new report by Future Market Insights (FMI). The market is projected to rise from $18.2 billion in 2024 to $30.3 billion by 2034, driven by a CAGR of 5.2 per cent.

Increasing demand for textiles, particularly in emerging economies, coupled with the growing preference for lightweight, durable, and recyclable materials like polypropylene, are key market drivers. The material's versatility finds applications across various sectors, including home textiles, automotive interiors, and healthcare.

China and India are leading the market, with their large population and focus on affordable textiles. The pandemic has accelerated the demand for PPEs, further boosting polypropylene yarn consumption. Industry players are also emphasizing sustainability, with a focus on eco-friendly production processes.

Key market trends include product diversification, technological advancements, and strategic collaborations. Major players like Lotte Chemical Corporation, RadiciGroup, and Indorama Ventures are investing in research and development to introduce innovative polypropylene yarn solutions.

Overall, the polypropylene yarn market is poised for significant expansion, driven by favorable market dynamics and increasing consumer preference for sustainable and high-performance textiles.