Scope of the Study
Polypropylene random copolymers are thermoplastic resins which are produced through the polymerization of propylene, with ethylene bonds introduced in the polymer chain. The resins offer a wide range of characteristics and are used in an inclusive range of applications such as high transparency packaging injection molding, blow molding, pipe, thermoforming and others. Polypropylene copolymer (PPC) is a bit softer but have better strength, is tougher and more durable than homopolymer polypropylene. Polypropylene random copolymers are lightweight, resistant to staining, and does not absorb moisture.
The market study is being classified by Type (Commercial Grade, Pharma Grade, Food Grade and Others), by Application (Packaging, Housewares, Medical and Others) and major geographies with country level break-up.
LyondellBasell Industries Holdings B.V (The Netherlands), Total S.A. (France), INEOS (United Kingdom), SABIC (Saudi Arabia), Exxon Mobil Corporation (United States), Borealis AG (Austria), Reliance Industries Limited (India), Formosa Plastics Corporation (Taiwan), Sasol (South Africa), Braskem SA (Brazil), Pinnacle Polymers LLC (United States), Entec Polymers LLC (United States), Flint Hills Resources (United States), SCG Chemicals Co., Ltd. (Thailand) and Ducor Petrochemicals BV (The Netherlands) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Polyproplylene Random Copolymer market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Polyproplylene Random Copolymer market by Type, Application and Region.
On the basis of geography, the market of Polyproplylene Random Copolymer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Widely Preferred In Food Storage Applications
- Rising Demand from Healthcare Industry
Market Trend
- Development of Bio-Based Polypropylene
- Increasing Use as a Substitution of Conventional Packing Material
Restraints
- Fluctuating Prices of raw Material
Opportunities
- Flourishing Healthcare, Packaging, and Building & Construction Sectors
Challenges
- Poor Resistance to Chlorinated Solvents and Aromatics
Market Leaders and their expansionary development strategies
On March 25, 2019 - Braskem has announced a new U.S. distribution partnership for Braskem's growing U.S. polypropylene (PP) business with PolyQuest, Inc., a leading North American polymer resin distributor and recycler.
On Sept 3, 2019 - Borealis has generated a breakthrough application based on its proprietary Borstar Nucleation Technology (BNT) that enhances the circularity of plastic food packaging.
The polypropylene copolymers shall meet the requirements specified in IS 10910 on Specification for polypropylene and its copolymers for safe use in contact with Foodstuff, Pharmaceutical & Drinking water. The grade and additives incorporated in this grade shall meet the positive list of constituents as prescribed in IS 10909 and it will also comply with the FDA: CFR Title 21,177.1520.
Key Target Audience
Manufacturers of Polyproplylene Random Copolymer, Suppliers of Polyproplylene Random Copolymer, Wholesalers, Distributors and Retailers of Polyproplylene Random Copolymer, Packaging Industry, Healthcare Industry and Governmental Bodies
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase