Polypropylene Carbonate (PPC) Market Is Expected Grow at a CAGR Of 5.0% during Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd.
Contrive Datum Insights Pvt Ltd
6 min read
Contrive Datum Insights Pvt Ltd
According to a market research study published by Contrive Datum Insights, during the next few years, Asia-Pacific is expected to have the largest share of the global polypropylene carbonate market.
Farmington, March 20, 2023 (GLOBE NEWSWIRE) -- 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. Carbon dioxide and propylene oxide are mixed together to make polypropylene carbonate. It dissolves in polar solvents like acetone, methyl ethyl ketone, ethyl acetate, dichloromethane, and chlorinated hydrocarbons. It doesn't mix with ethyl alcohol, ethylene glycol, water, or hydrocarbons with a straight chain.
As glue, polypropylene carbonate is used. It is added to some epoxy resins to make them stronger. It doesn't work as an oxygen barrier, so it's used in situations where you want oxygen to move through the plastic.
In the ceramics business, polypropylene carbonate and polyethylene carbonate are used as sacrificial binders. The temperature at which polypropylene carbonate binders turn to glass is 40°C. The temperature at which polyethylene carbonate turns into a glass is 25°C.
Polypropylene carbonate is most often used as an adhesive because it sticks well to things. Polypropylene carbonate is used as a sacrificial binder in the ceramics industry, especially for alumina and silicon carbide. Because it has a low amount of sodium, it can be used to make dielectric materials, piezoelectric ceramics, and other types of special electric ceramics. Polypropylene carbonate is also added to thermoset and epoxy resins as a toughening agent to make them stronger. This is likely to boost the polypropylene carbonate market around the world in the near future.
The preference for non-hazardous, bio-based chemicals and biodegradable products is growing because of the rise of industrialization and strict government regulations on air emissions from industries like plastic manufacturing, especially in developing parts of the world. Biodegradable plastics can be made out of polypropylene carbonate and starch mixed together (PPC/starch). This is likely to help the polypropylene carbonate market around the world in the near future.
Polypropylene carbonate is hard to use in many situations because it is not stable in terms of temperature, strength, or size. This is slowing down the polypropylene carbonate market around the world.
Regional Outlook:
During the next few years, Asia-Pacific is expected to have the largest share of the global polypropylene carbonate market, followed by North America and Europe. Rising demand for waterproofing agents and plasticizers in China, Japan, and India is expected to make the market in the region more profitable over the next few years.
Rising private investments in developing economies in Asia and the Pacific, like Indonesia and Vietnam, are expected to be the main thing that drives the market in the region over the next five years.
The market for polypropylene carbonate in Latin America, the Middle East, and Africa is likely to grow slowly in the near future. Countries like Brazil, Mexico, and South Africa import polypropylene carbonate because there aren't many factories in these countries that make it.
Over the next few years, the Middle East and Africa are expected to have the smallest market for polypropylene carbonate. This is because people in the area don't know enough about the product and how to use it.
North America: (US, Canada, Mexico, Rest of North America)
Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America(Brazil, Argentina, Rest of Latin America)
Rest Of the World
Base Year
2022
Historical Year
2017 to 2022
Forecast Year
2023 to 2030
Key Segments Covered:
Top Market Players: Empower Materials, SK Energy, Novomer, BASF, Cardia Bioplastics, Tianguan, Bangfeng, Jiangsu Zhongke Jinlong-CAS Chemical, Inner Mongolia Mengxi High-Tech, and others.
By Type
Injection Molding Grade
Food Contact Grade
Others
By Application
Electronics
Biodegradable Plastics
Ceramics
Others
Regions and Countries Covered
North America: (US, Canada, Mexico, Rest of North America)
Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America: (Brazil, Argentina, Rest of Latin America)
Rest Of the World
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