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Green Polypropylene Market to Hit USD 67.3 Billion by 2034, at a 5.6% CAGR | Analysis by Transparency Market Research, Inc.

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Increased investment in research and development to enhance the properties and applications of green polypropylene presents significant growth opportunities.

WILMINGTON, Del., July 18, 2024 /PRNewswire/ — The green polypropylene market was projected to attain US$ 40.2 billion in 2022. It is likely to garner a 5.6% CAGR from 2023 to 2031, and by 2031, the market is expected to attain US$ 67.3 billion.

Rising consumer preference for eco-friendly and sustainable products is pushing manufacturers to incorporate green polypropylene in their offerings. Ongoing research and development in bioplastics and polymer technologies are leading to improved production processes and better-quality green polypropylene.

Increasing applications in various industries such as automotive, packaging, textiles, and consumer goods are expanding the market for green polypropylene. The shift towards circular economy models, where materials are reused and recycled, is promoting the use of green polypropylene.

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Polypropylene (PP), being the world’s second-largest plastic resin by production volume, is a versatile thermoplastic polymer widely used in packaging, food, automotive, consumer goods, medical industries, and more. Despite having high demand, the environmental impact of polypropylene is raising significant concerns among consumers, manufacturers and governments. In recent years, the growing amount of PP waste has sparked increasing concern. Synthetic polypropylenes serve a broad range of needs, but in order to mitigate the impact of these petroleum-based plastics and their waste, significant attention has turned towards bio-based i.e. green alternative of polypropylenes.

The green polypropylene has resolved this issue of environmental impact of plastics to large extent. The sustainability of green polypropylene polymers, for both general and specific applications, is being enhanced with the help of advances in processing technologies and infrastructures that refine biomass feedstock to produce bio-based monomers used as building blocks.

Due to environmental concerns and stringent regulations related to plastics, there is a growing demand for green polypropylene, particularly in packaging applications, which is one of the major end-use industries.

Another approach targeted by manufacturers is the recycled polypropylene. Although polypropylene is fully recyclable, recycling poses several challenges. Recycled polypropylene may exhibit different properties compared to virgin polypropylene, such as melt-flow rate, molecular weight, or thermal stability, which can limit its use in applications requiring higher impact performance and part stability. Hence, green polypropylene emerges as the best alternative without compromising on properties.

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Strategic collaborations between manufacturers, research institutions, and governments are fostering innovation and market growth. Increasing availability of bio-based feedstocks, such as plant oils and agricultural waste, used to produce green polypropylene.

Growing desire to reduce dependence on fossil fuels is promoting the use of bio-based alternatives like green polypropylene. Enhancements in the performance characteristics of green polypropylene, making it more competitive with conventional polypropylene.

Growing challenges in managing plastic waste are driving the shift toward more sustainable materials. Increasing emphasis on materials that are biodegradable or compostable to reduce environmental impact. Rising number of campaigns and initiatives aimed at educating consumers about the benefits of green polypropylene and other sustainable materials.

Key Findings of the Market Report

Improved integration of green polypropylene with existing recycling infrastructure, enhancing its viability and adoption.Companies leveraging green polypropylene as part of their sustainable branding and marketing strategies to appeal to environmentally conscious consumers.Development of customized green polypropylene solutions to meet specific industry needs, such as automotive, construction, and electronics.Advancements in production processes that reduce energy consumption and increase efficiency in the manufacturing of green polypropylene.

Green Polypropylene Market Report Scope:

Report Coverage

Details 

Forecast Period  

2023-2031

Base Year  

2017-2022

Size in 2022

US$ 40.2 Mn

Forecast (Value) in 2031

US$ 67.3 Mn

Growth Rate (CAGR) 

5.6 %

No. of Pages 

310 Pages 

Segments covered 

By Source, By Application, By Region, By Component, By End-use

Market Trends for Green Polypropylene

By source, the sugarcane segment is expected to boost the growth of the green polypropylene market.Sugarcane is widely available in several regions, particularly in countries with strong agricultural sectors such as Brazil and India. Its abundance makes it a reliable and scalable source for producing green polypropylene.Sugarcane is a renewable resource, and its cultivation has a relatively short growth cycle, allowing for continuous and sustainable production of bio-based polypropylene.The production of green polypropylene from sugarcane has a significantly lower carbon footprint compared to fossil-based polypropylene. This is due to the carbon sequestration properties of sugarcane during its growth.On the basis of application, the automotive components segment is anticipated to propel the market growth.The automotive industry is focused on reducing vehicle weight to improve fuel efficiency and reduce emissions. Green polypropylene offers a lightweight alternative to traditional materials, contributing to overall vehicle efficiency.There is growing consumer demand for eco-friendly vehicles. By using sustainable materials like green polypropylene, automakers can attract environmentally conscious consumers.Advances in the formulation of green polypropylene have improved its mechanical properties, making it suitable for high-performance and durable automotive components.

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Global Market for Green Polypropylene: Regional Outlook

North America

Collaborative efforts between industry players, research institutions, and government bodies are fostering innovation and accelerating the development of green polypropylene applications.Significant investment in research and development by both public and private sectors is driving innovation in the green polypropylene market. This investment is leading to new applications and improved production processes.

Asia Pacific

The automotive industry in Asia Pacific is booming, and there is a growing focus on sustainability and reducing vehicle weight. Green polypropylene is being increasingly used in automotive components to meet these goals.The packaging industry in Asia Pacific is expanding due to the growing e-commerce sector and consumer goods market. Green polypropylene is being adopted for sustainable packaging solutions.

Green Polypropylene Market: Key Players

The competitive landscape of the green polypropylene market is evolving rapidly, driven by sustainability goals, technological advancements, and regulatory pressures, with key players focusing on innovation and strategic alliances to capitalize on emerging opportunities. The following companies are well known participants in the green polypropylene market:

SABICBraskemDow Inc.Borealis AGLyondellBasell Industries Holdings B.V.Total S.A.Trellis BioplasticsBioAmber Inc.NatureWorks LLCDanimer ScientificNovamont S.p.A.FKuR Kunststoff GmbHCorbion N.V.Biobent PolymersGreenMantra TechnologiesMitsui Chemicals Inc.

Key Developments

In 2022, SABIC, a prominent player in the global chemicals industry, announced a partnership with Mattel, a renowned global toy manufacturer. This collaboration focuses on integrating certified renewable polymers sourced from SABIC’s TRUCIRCLE program into Mattel’s product lineup.Starting in 2022, Mattel introduced its initial range of toys incorporating certified renewable SABIC PP (polypropylene) polymers. The debut included products from brands such as MEGA and Matchbox. A standout initiative is MEGA BLOKS Green Town, which marks the first toy line available at mainstream retail outlets to achieve Carbon Neutral certification.

Green Polypropylene Market Segmentation

Source

SugarcaneRice-strawCornRecycled PolypropyleneOthers

Application

FilmsContainersBagsAutomotive ComponentsToysPipesInsulationCarpetsClothingCablesOthers

End Use

Food & BeverageAutomotiveElectrical & ElectronicsAgricultureMedicalPackagingBuilding & ConstructionTextileConsumer GoodsOthers

Region

North AmericaLatin AmericaEuropeAsia PacificMiddle East & Africa

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Cast Polypropylene Packaging Films Market – Cast Polypropylene Packaging Films Market is estimated to grow at a CAGR of 4.3% from 2023 to 2031 and reach US$ 2.0 Bn by the end of 2031.Textile Waterproofing Agents Market – The global textile waterproofing agents market is projected to expand at a CAGR of 6.2% during the forecast period from 2024 to 2034.Firestop Sealants Market – Firestop Sealants Market is estimated to grow at a CAGR of 5.7% from 2024 to 2034 and reach US$ 2.3 Bn by the end of 2034.FGD Gypsum Market – Expansion in construction sector is also contributing to the FGD gypsum market growth. The sector is a major end-user of cement, drywall, and plaster.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Transparency Market Research Inc.
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Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

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SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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