Global Polypropylene Random Copolymer Market 2017-2021

This market research study identifies Braskem, China Petrochemical, LyondellBasell Industries Holdings, Reliance Industries, and Total as the leading players in the global polypropylene random copolymer market. A comprehensive analysis of this market is also presented by application (packaging, pharma and medical, building and construction, and others) and by geography (the Americas, APAC, Europe, and ROW).

Overview of the global polypropylene random copolymer market

Polypropylene random copolymer packaging is extensively used for pharmaceutical and medical devices because they meet the international regulatory compliance standards for safety. Polypropylene random copolymer industry analysis identifies that the growing demand from pharmaceuticals and healthcare sector will be one of the major factors that will have a positive impact on the growth of the market. Manufacturers extensively depend on polypropylene random copolymer for bottling complex medical products due to its cleanliness, transparency, inert properties, lightweight, and durability. To protect the medical products from moisture, particulate, gamma radiations, and oxidizing factors, manufacturers use ultra-high polypropylene copolymer to produce airtight seals. Furthermore, the demand for pharmaceutical packaging and adoption of polypropylene random copolymer will continue to increase due to the factors such as the increasing pharmaceutical applications, increased contract manufacturing in APAC, and the increasing aging population. Technavio’s polypropylene random copolymer market analysis predicts that this market will grow at a CAGR of close to 6% by 2021.

One of the key trends that will gain traction in the global polypropylene random copolymer market during the forecasted period is the rising preference for bio-based polypropylene products. The application of bio-based polypropylene random copolymer is increasing because it decreases the carbon dioxide emissions and benefits the environment. In addition, it is cost-effectiveness, biodegradability, and nontoxicity. Furthermore, the adoption of bio-based polypropylene random copolymer in North America and Europe will further increase due to the initiatives undertaken by environmental protection agency (EPA) and European Union (EU) to curtail the footprints of carbon emissions.

What's your takeaway?

Technavio's industry research report on the global polypropylene random copolymer market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the polypropylene random copolymer market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The polypropylene random copolymer market is extremely competitive and moderately fragmented and characterized by the presence of multinational, regional, and local vendors. The abundant availability of raw materials is highly influencing the competitive scenario of the market. The vendors in the PP copolymer market are increasingly competing against each other based on factors such as price, quality, and supply of differentiated products.

Key vendors in this market are -

• Braskem
• China Petrochemical
• LyondellBasell Industries Holdings
• Reliance Industries
• Total

Other prominent vendors in the market include Borealis, Entec Polymers, Exxon Mobil, Formosa Plastics, HYOSUNG, Indian Oil Corporation, Japan Polypropylene Corporation, LOTTE CHEMICAL CORPORATION, MOLGROUP, NATPET, Petro Plus, Pinnacle Polymers, Prime Polymer, SABIC, Sasol, and SCG Chemicals

Segmentation by application and analysis of the polypropylene random copolymer market

• Packaging applications
• Pharma and medical applications
• Building and construction applications

Polypropylene random copolymer has various characteristics such as superior low-temperature impact resistance, dimensional stability, and heat sealing strength. This in turn, drives its application in the packaging in the food and beverages and medicine industries. The PP copolymer market will continue to witness growth in the packaging applications segment because polypropylene random copolymer has high resistance to moisture absorption, low melting point, and chemical resistance.

Segmentation by geography and analysis of the polypropylene random copolymer market

• Americas
• APAC
• Europe
• ROW

The polypropylene random copolymer market is witnessing growth in APAC due to the high demand from the food and beverage and buildings and construction industries. Furthermore, the increasing GDP in countries such as India, China, and Indonesia, rising disposable income, and growing population is stimulating growth in the food and beverages industry. This in turn, will boost the demand for polypropylene random copolymer in the food packaging industry.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global polypropylene random copolymer market?
• What are the key market trends impacting the growth of the global polypropylene random copolymer market?
• What are the challenges to market growth?
• Who are the key vendors in the global polypropylene random copolymer market?
• What are the market opportunities and threats faced by the vendors in the global polypropylene random copolymer market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and ROW?
• What are the key outcomes of the five forces analysis of the global polypropylene random copolymer market?

Technavio also offers customization on reports based on specific client requirement.