TMR_Research_Reports_2017 Polypropylene Random Copolymer Market 2023 | Página 2

Polypropylene Random
Copolymer Market
REPORT
Polypropylene Random Copolymer Market - Global Industry
Analysis Size Share Growth Trends and Forecast 2015 – 2023
The top five companies in the global market for polypropylene random copolymer held only 30%
share of the overall market in 2014 reflecting a highly fragmented vendor landscape, a recent report
published by Transparency Market Research (TMR) says. Several manufacturers in the market are
focused on adding new features to their products to attain competitive advantage in the market. Some
of the key players in the global polypropylene random copolymer market include LyondellBasell
Industries N.V., Braskem, Sinopec, and Reliance Industries Limited.
The global market for polypropylene random copolymer is expected to expand at a CAGR of 5.20%
between 2015 and 2023 to reach a valuation of US$9.2 bn by 2023 increasing from US$5.9 bn in
2014.
Large-scale Use for Food and Beverage Packaging ups Demand for Polypropylene Random
Copolymers
The major end-use segments of the polypropylene random copolymer market are building and
construction, healthcare, packaging, and others (furniture, sports, toys, media packaging, etc.) In
2014, the segment of packaging led the market in terms of volume accounting for more than 55% of
the market. Polypropylene random copolymers are preferred for packaging solutions due to their
exceptional stiffness, heat resistance, organoleptic nature, and sealability. Polypropylene random
copolymer is predominantly used in food and beverage container packaging.
Obtain Report Details @ http://www.transparencymarketresearch.com/polypropylene-random-
copolymer-market.html
The healthcare industry is the second-leading consumer of polypropylene random copolymers. They
are largely used for syringes, labware, and bottles. Some manufacturers have introduced special
types of polypropylene random copolymer for other medical applications. Polypropylene random
copolymers are used in the manufacture of hot and cold water pipes in the construction sector.
Sports, automotive, toys, media packaging, furniture, and household appliances are other end-use
industries of polypropylene random copolymer.
The global market for polypropylene random copolymer is divided into the regional segments of North
Transparency Market Research
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