Press release
Polypropylene Random Copolymer Market Key Players are LyondellBasell, Pinnacle Polymers, Reliance Industries, Entec Polymers, Braskem, Formosa Plastics, Sasol, Total, INEOS and Flint Hills Resources
Polypropylene Random Copolymer Market
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Based on end user industries, the global polypropylene random copolymer market is segmented into three major categories. Huge demand in the packaging industry owing to thermal resistance and high transparency, is likely to augment the polypropylene random copolymer market growth in coming years. Moreover, increasing number of working population is driving the demand for packed and processed food which will further enhance the market in coming years.
In 2015, healthcare segment for polypropylene random copolymer market was valued at over USD 1 billion and will reflect healthy gains in the upcoming years. Increasing medical equipments demand is likely to boost the market growth in the forecast years.
Shifting focus towards artistic labelling and packaging accompanied with providing food durability is forecast to fuel demand. Rising dual income nuclear families in BRIC nations, resulting in increasing consumer disposable income will drive industry growth. Furthermore, significant industrial growth in Asia Pacific and Latin America will favor industry growth.
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.
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Partial Chapter of the Table of Content
Chapter 4. Polypropylene Random Copolymer Industry End-use Insights
4.1. Global polypropylene random copolymer market share by end-use, 2015 & 2024
4.2. Packaging
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Building & Construction
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Healthcare
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/polypropylene-random-copolymer-market
Asia Pacific holds a significant amount of share in the global polypropylene random copolymer market in 2015 and is likely to grow at a decent CAGR in the coming years. Countries such as India, Japan and China are propelling the market growth owing to changing lifestyles, rising standard of living and increasing disposable income.
In 2015, the polypropylene random copolymer market share was highly fragmented with key industry participants contributing to less than 30%. Key industry share contributors are LyondellBasell, Pinnacle Polymers, Reliance Industries, Entec Polymers, Braskem, Formosa Plastics, Sasol, Total, INEOS and Flint Hills Resources.
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