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Polypropylene Random Copolymer Market Trends 2024 In North America To Register Extensive Growth Via Healthcare Industry

Author : Ronak Bora | Published Date : 2019-08-06 

Polypropylene random copolymer market growth will be propelled by highly developed healthcare industry in North America. Led by the United States, this market stood at a valuation of more than USD 950 million in 2015. The U.S. and Canada are also major shareholders of the global F&B packaging industry, which will further impel the regional trends.

In 2015, Asia Pacific, mainly China and India, garnered the largest Polypropylene random copolymer market share. Enhancing consumer lifestyle with population demographics across India and China will drive the regional market for packaging applications.

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Polypropylene random copolymers find applications in blow molding, thermoforming, BOPP & blown films, pipes, injection molding, and transparency packaging. On these grounds, polypropylene random copolymer products are used principally across the healthcare, construction, and packaging sectors. Global polypropylene random copolymer market from packaging applications is slated to observe the maximum growth over the coming seven years, subject to the ever-growing packaging sector and the superior product properties. In addition, shifting consumer trends toward packaged meals will augment the packaging sector, which held more than 50% of the overall polypropylene random copolymer industry in 2015.

In 2015, polypropylene random copolymer market for packaging applications led the overall industry by accounting more than 50% of the global volume in the same year. High thermal resistance and transparent characteristics of the product makes it derisible for packing, resulting in the overall business growth over the estimated timeframe.

Major raw materials include naphtha and ethylene; wavering crude oil prices across the globe is likely to hamper polypropylene random copolymer market price trend. For instance, naphtha price in 2009 was approximately USD 500/ton, drastically crossing USD 900/ton in 2010. Rising beverages including fruit juices, flavored water and milk demand globally will create new growth avenues for across packaging applications. Furthermore, the product possesses enormous potential for its use as an alternative to conventional packing material such as PET and glass. This may create new growth opportunities for the polypropylene random copolymer market.

Global polypropylene random copolymer market is rather fragmented. As per estimates, in 2015, the top six manufacturers held more than 25% of the overall share. This business encompasses the participation of Pinnacle Polymers LLC, Total Petrochemicals & Refining USA Inc., lyondellbasell, Flint Hills Resources, Formosa Plastics, Reliance Industries Limited, INEOS Olefins & Polymers USA, Braskem, Sasol, and Entec Polymers. Polypropylene random copolymer industry, to an extent, is integrated, as far as downstream and upstream operations are concerned. Companies often engage in novel product enhancements to consolidate their position in the global business.

Glimpse of Table of Content (ToC)

Chapter 3.      Polypropylene Random Copolymer Market Insights

3.1.    Polypropylene random copolymer market segmentation

3.2.    Polypropylene random copolymer market Size and forecast, 2013 - 2024

3.3.    Polypropylene random copolymer market ecosystem analysis

3.3.1.    Vendor Matrix

3.3.2.    Distribution channel analysis

3.4.    Industry Impact forces

3.4.1.    Growth drivers Robust growth in the food containers industry Growth overall syringe market

3.4.2.    Industry pitfalls & challenges Fluctuating crude oil prices

3.5.    Growth potential analysis

3.6.    Porter's analysis

3.7.    Company market share analysis, 2015

3.7.1.    Strategic landscape

3.8.    PESTEL analysis

3.9      Regional price trends

3.9.1.    Cost structure analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/polypropylene-random-copolymer-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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