Polypropylene Random Copolymer Market in North America Led by the United States will be propelled by the highly developed healthcare industry, this market stood at a valuation of more than USD 950 million in 2015. High product use to manufacture medical instruments and laboratory equipments, due to its heat-resisting and light-weight properties, will drive the expansion.
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The U.S. and Canada are also major shareholders of the global F&B packaging industry, which will further impel the regional trends.
The rising F&B sector across Asia Pacific is one of key drivers of the regional polypropylene random copolymer market. With India, Japan, and China at the helm, APAC led the overall polypropylene random copolymer industry in the year 2015. Changing consumer lifestyles, increased middle class population, and rising disposable incomes of consumers will primarily drive APAC polypropylene random copolymer market, which is slated to experience the maximum gains of 5.5% over 2016-2024.
Booming healthcare, packaging, and building & construction sectors are expected to make significant contributions towards polypropylene random copolymer industry size over the coming timeframe. Polypropylene random copolymer market revenue in packaging sector is expected to grow significantly over the coming years, driven by high product demand for packaging applications.
In addition to this, a significant rise in the working population across the world is projected to create a huge demand for packaged food & beverages, and this in turn will support the growth of polypropylene random copolymer market.
Global polypropylene random copolymer market is rather fragmented. As per estimates, in 2015, the top six manufacturers held more than 25% of the overall share. This business encompasses the participation of Pinnacle Polymers LLC, Total Petrochemicals & Refining USA Inc., lyondellbasell, Flint Hills Resources, Formosa Plastics, Reliance Industries Limited, INEOS Olefins & Polymers USA, Braskem, Sasol, and Entec Polymers. Polypropylene random copolymer industry, to an extent, is integrated, as far as downstream and upstream operations are concerned. Companies often engage in novel product enhancements to consolidate their position in the global business.
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Glimpse of Table of Content (ToC)
Chapter 4. Polypropylene Random Copolymer Market End-use Insights
4.1. Global polypropylene random copolymer industry share by end-use, 2015 & 2024
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. polypropylene random copolymer market estimates and forecast, by region, 2013 – 2024
4.3. Building & Construction
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. polypropylene random copolymer market estimates and forecast, by region, 2013 – 2024
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. polypropylene random copolymer market estimates and forecast, by region, 2013 – 2024
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