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Top 10 Manufacturers in Global Polypropylene Carbonate Market

 

Polypropylene Carbonate: Introduction

·         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.

Key Drivers and Restraints of Polypropylene Carbonate Market

·         Polypropylene carbonate is primarily used as a binder due to superior binding that it offers to structures. In the ceramic industry, polypropylene carbonate is used as sacrificial binder, especially alumina and silicon carbide. It is suitable for preparation of dielectric materials, piezoelectric ceramics, and other special electro-ceramics due to its low content of sodium. Polypropylene carbonate is also employed 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.

·         Growth in industrialization and stringent regulations by various government bodies regarding air emissions from different industries such as plastic manufacturing industries, especially in developing regions across the globe, is boosting the preference of non-hazardous, bio-based chemicals and biodegradable products. Composites of polypropylene carbonate with starch (PPC/starch) can be used as biodegradable plastics. This is anticipated to boost the global polypropylene carbonate market in the near future.

·         The usage of polypropylene carbonate in many applications is challenging due to its poor thermal stability, mechanical strength, and dimensional stability. This is restraining the global polypropylene carbonate market.

Polypropylene Carbonate: Application Segment

·         In terms of application, the global polypropylene carbonate market can be divided into electronics, ceramics, biodegradable plastics, and others

·         The ceramics segment is projected to hold major share of the global polypropylene carbonate market during the forecast period. Polypropylene carbonate is used as a binder in ceramic industry. This is its major application in the building & construction industry.

·         Polypropylene carbonate with starch is used as a biodegradable plastic. Rise in regulations on emissions from plastic manufacturers is driving the polypropylene carbonate market.

·         The electronics segment is projected to follow the biodegradable plastics segment during the forecast period. High demand for pressing, sintering, and injection molding operations to fabricate tapes, electronic pastes, and parts in electronics industry is driving the global polypropylene carbonate market.

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COVID-19 Impact on Polypropylene Carbonate Market

·         On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.

·         Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic

·         Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the polypropylene carbonate market.

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Asia Pacific to Hold Leading Share of Polypropylene Carbonate Market

·         In terms of region, the polypropylene carbonate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         Asia Pacific is expected to hold major share of the global polypropylene carbonate market, followed by North America and Europe, during the forecast period. Rise in demand for waterproofing agents and plasticizers in China, Japan, and India is expected to create lucrative opportunities for the market in the region during the forecast period.

·         Increase in private investments in developing economies in Asia Pacific, such as Indonesia and Vietnam, is a major factor anticipated to drive the market in the region during the forecast period

·         The polypropylene carbonate market in Latin America and Middle East & Africa is projected to expand at a moderate pace in the near future. Polypropylene carbonate is imported into countries such as Brazil, Mexico, and South Africa due to limited presence of manufacturing companies in these countries.

Key Manufacturers Operating in Polypropylene Carbonate Market

The polypropylene carbonate market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the polypropylene carbonate market include:

·         BASF SE

·         SK Energy

·         Empower Materials

·         Novomer

·         Cardia Bioplastics

·         Bangfeng

·         Jiangsu Zhongke Jinlong-CAS Chemical

·         Caffaro

·         Tianguan

·         Inner Mongolia Mengxi High-Tech

·         Perstop

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