Global Polypropylene Random Copolymer Market was valued US$ XX Bn in 2019 and is expected to grow US$ 11.46 Bn by 2027, at a CAGR of XX% during the forecast period.
Global Polypropylene Random Copolymer Market
The report covers the analysis of COVID-19 pandemic impact on the market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Polypropylene random copolymers are common materials for pressurized hot water pipes. In many pipe systems, potable water is disinfected by chlorine to prevent waterborne diseases. This paper deals with hot chlorinated water-induced aging of two polypropylene random copolymers grades with fluctuating morphology. A random copolymer containing 1-7% ethylene is more malleable and crystal clear. For this reason, it is often used in medical applications and contact lens production.
Moreover, the adoption of bio-based polypropylene random copolymer in North America and Europe will further increase, because of the initiatives undertaken by the Environmental Protection Agency (EPA) and European Union (EU) to limit the footprints of carbon emissions.
Polypropylene random copolymer packaging is broadly used for pharmaceutical and medical devices because they meet the international regulatory compliance standards for safety. Polypropylene random copolymer industry analysis identifies that the rising demand from the healthcare sector will be one of the major factors that will have a positive impact on the growth of the polypropylene random copolymer market. Manufacturers widely depend on polypropylene random copolymer for bottling complex medical products, because of its cleanliness, transparency, inert properties, lightweight, and durability. Additionally, the demand for pharmaceutical packaging and the adoption of polypropylene random copolymer will continue to increase, thanks to factors like the increasing pharmaceutical applications, contract manufacturing in APAC, and the aging population.
Also, increasing product usage across beverages, like flavored milk & water and fruit juices packaging will create new growth prospects for the industry participants over the forecast period. The product-based containers are vastly preferred in beverages, on account of the development of new product grades with superior clarity. As well, the product carries huge potential to replace traditional beverage packing, for example, glass and PET, which may also boost polypropylene random copolymer market growth in the future.
On the other hand, stiff competition from available substitutes and volatile raw material prices are expected to hinder the growth of the polypropylene random copolymer market throughout the forecast period.
According to the end-user, the packaging segment is expected to hold the largest market share of the global market. Increasing product demand across packaging applications mostly thanks to its higher transparency and thermal resistance will boost industry growth over the future. Also, an increasing number of working population across the globe has consequently driven packed food demand, which in turn is considered to fuel business growth.
Global Polypropylene Random Copolymer Market1
Region-wise, Asia-Pacific held the largest market share of the polypropylene random copolymer in 2019. Demand for polypropylene random copolymer was high in the Asia Pacific in 2019, mainly for food containers, because of shifting lifestyles as consumers are gradually shifting toward ready-to-eat and packaged food.
Also, Europe was the second-largest market for polypropylene random copolymer in terms of revenue. Demand for polypropylene random copolymer in the construction industry is expected to be a key driver of the market in the region throughout the estimated period.
Polypropylene random polymer is widely used in disposable syringes and labware. Therefore, the flourishing health care industry in North America is expected to drive the demand for polypropylene random polymer market. Major demand in the food packaging industry in Brazil is expected to supplement the market in Latin America in the future. The Middle East & Africa accounted for a small share of the global polypropylene random copolymer market in 2018.
The objective of the report is to present a comprehensive analysis of the Global Polypropylene Random Copolymer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Polypropylene Random Copolymer Market dynamics, structure by analyzing the market segments and project the Global Polypropylene Random Copolymer Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Polypropylene Random Copolymer Market make the report investor’s guide.
Scope of the Global Polypropylene Random Copolymer Market
Global Polypropylene Random Copolymer Market, By End-user
• Building & Construction
• Others (Including Media Packaging, Furniture, Toys, Sports, etc.)
Global Polypropylene Random Copolymer Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Polypropylene Random Copolymer Market
• Formosa Plastics Corporation
• Pinnacle Polymers LLC
• Reliance Industries Limited
• Total Petrochemicals & Refining USA, Inc.
• INEOS Olefins & Polymers USA
• Entec Polymers
• Flint Hills Resources
• LyondellBasell Industries N.V.
• Exxon Mobil
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