Chicago, IL -- (SBWire) -- 06/09/2017 --Synthetic paper is predominantly manufactured with the help of synthetic resin, which is derived from petroleum and other such materials. This gives it the characteristics similar to the plastic films. However, the synthetic paper is remarkable similar to the regular paper. This amalgamation of qualities gives synthetic paper the durability of plastic and advantage of paper. Synthetic paper has various applications and strong demand from different regions. The global synthetic paper market is expected to witness healthy growth during the forecast period of the next few years. The synthetic paper market size is projected to grow at a healthy rate, due to the rising demand from the emerging markets.
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KEY PREMIUM INDUSTRY INSIGHTS
The key factors driving the growth of the synthetic paper market include the growing demand for the eco-friendly products and the rising demand from the global packaging industry.
New applications of the synthetic paper in the packaging industry are some of the key growth opportunity drivers for this market.
However, the volatility in the prices of crude oil may hamper the growth of the synthetic paper market.
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KEY MARKET PLAYERS
Key players in the synthetic paper market include:
PPG Industries, Inc, Nan Ya Plastics Industrial Co., Ltd, American Profol Inc, HOP Industries Corp,Agfa-Gevaert Group, Arjobex, Yupo Corporation, Taghleef Industries Group, E. I. du Pont de Nemours and Company, Seiko Epson Corporation.
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Synthetic Paper Market Forecasts Healthy Growth in Next 5 Years
Synthetic Paper Market, by Type (BOPP (Biaxially-Oriented Polypropylene), HDPE (High-Density Polyethylene), Others), Application (Label, Non-Label) - Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022