Polypropylene Random Copolymers Market Size, Growth Analysis Report, Forecast to 2032
Market revenue for polypropylene random copolymers was US$ 8.3 billion in 2021, and between 2022 and 2032, it is anticipated to increase at a CAGR of 5.8%. The market is anticipated to be worth US$ 8.8 billion in 2022 and grow to US$ 15.46 billion by 2022.
Polypropylene random copolymers are produced by modifying the fundamental structure of polypropylene by incorporating another monomer molecule. Ethylene is the most common monomer used. The ethylene molecules, in the polymer chain, are introduced randomly between the propylene molecules.
The incorporation of ethylene causes a change in the physical properties of polypropylene. Random copolymer polypropylene usually contains about 1 to 7 weight percent of ethylene molecules and around 93 to 99 weight percent of propylene molecules.
As compared to polypropylene homopolymers, random copolymers show better optical properties like increased clarity and decreased haze, increased flexibility, improved impact resistance, and a lowered melting point resulting in a reduced heat-sealing temperature.
Global Polypropylene Random Copolymers Market: Key Players
Some of the major players identified in the global polypropylene random copolymer market are LyondellBasell Industries, Braskem, China Petroleum & Chemical Corporation (Sinopec), Total S.A., Entec Polymers, ExxonMobil, Sasol, Chevron Corporation, Royal Dutch Shell, ConocoPhillips, Borealis, Formosa Plastics Group, Reliance Industries, and SABIC, etc.
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The global polypropylene random copolymers market is segmented on the basis of applications, end-use, and regions
The global polypropylene random copolymer market is segmented on the basis of application into
blown film
blow molding
injection molding
extrusion molding
On the basis of end-user, the global polypropylene market is segmented into
medical packaging
food packaging
consumer products, etc.
The global polypropylene random copolymer market is segmented on the basis of Region into
North America
Latin America
Eastern Europe
Western Europe
Asia Pacific Excluding Japan (APEJ)
Japan
The Middle East and Africa (MEA)
Global Polypropylene Random Copolymers Market: Drivers
The introduction of newer application areas, development of bio-based polypropylene and substitution of various other materials continuously offers high potential for growth for the global polypropylene random copolymers market.
Unconventional low feedstock prices are driving new capacity investment and thus rendering growth to the global polypropylene random copolymer market.
