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.
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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.
However, exhibiting more or less the same chemical resistance, organoleptic properties like the low taste and odor contribution, and water vapor barrier properties as polypropylene homopolymers. Random copolymers are generally produced in the same process configuration as homopolymers.
Random copolymer polypropylenes find use in blow molding, injection molding, and extrusion molding applications that require improved clarity. They are used in medical packaging, food packaging, and consumer products.
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.
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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.
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)
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Global Polypropylene Random Copolymers Market: Region-wise Outlook
The global market share of the Western European polypropylene random copolymers market is estimated to witness a drop from around 13.9% to about 11.4% in the forecast period. The fall is primarily due to a moderate increase in demand only in the largest national markets such as Germany, France, and Italy. Eastern Europe is expected to grow sharply, especially in the Russian packaging sector.
The USA is reporting a recent increase in demand for polypropylene random copolymers. India and China continue to witness a huge increase in demand, owing to which Asia-Pacific is anticipated to account for more than half of the total global demand by 2025.
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