Polypropylene Random Copolymer Market to reach US$9.2 bn by 2023 | Page 2

Polypropylen Random Copolymer Market

REPORT DESCRIPTION

Polypropylene Random Copolymer Market for Packaging, Building &
Construction, Healthcare and Other End-user Industries - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023
A new Transparency Market Research report states that the global polypropylene random copolymer
market stood at US$5.9 bn in 2014 and is predicted to reach US$9.2 bn by 2023. It is expected to expand at a
CAGR of 5.20% from 2015 to 2023. The title of the report is “Polypropylene Random Copolymer Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”.
As per this research report, the market for polypropylene random copolymers is predicted to be fuelled by the
rising demand for food containers and the increasing usage of syringes in injectable drugs. The increasing
count of super/hypermarkets in many countries around the world is also raising the demand for polypropylene
random copolymers. The industry for beverages is expected to present widespread opportunities for the
manufacturers of polypropylene random copolymers during the forecast horizon. On the other hand, increasing
competition from alternatives and the fluctuating prices of raw materials are anticipated to restrict the growth of
the polypropylene random copolymer market in the forecast horizon.

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On the basis of end user, the polypropylene random copolymer market is segmented into building and
construction, packaging, healthcare, and others including furniture, media packaging, sports, toys, etc.
Amongst these, in 2014, the packaging industry led the market on the basis of volume and held a share of
more than 55% in the market. The preference for polypropylene random copolymers in the packaging industry
is due to their exceptional stiffness, transparency, heat resistance, sealability, and organoleptic nature.
These qualities of polypropylene random copolymers make them a highly suitable packaging material for food
and beverages. Polypropylene random copolymer containers are utilized for storing fruits, grains, meat,

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