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Polypropylene Random Copolymer Industry 2015, Global Market Size, Technology Review, Cost Analysis and Demand Overview

Press Release   •   Oct 21, 2016 05:19 EDT

Polypropylene random copolymer is a thermoplastic polymer that can be readily formed by catalytic polymerization of propylene using ethylene as a comonomer at random concentrations to improve thermal and mechanical properties of polypropylene. Polypropylene random copolymer possesses beneficial properties such as good surface hardness, high impact and chemical resistance, good transparency, high heat resistance, and low melting temperature. Hence, it has gradually replaced other polyolefins in various applications. Rising demand for food containers is likely to augment the global polypropylene random copolymer market in the next few years. Additionally, rising consumption of syringes for injectable drugs is expected to boost the polypropylene random copolymer market in the next few years.

However, stiff competition from available substitutes and volatile raw material prices are projected to hamper growth of the market during the forecast period. The beverages industry is likely to offer large opportunities for polypropylene random copolymer manufacturers from 2015 to 2023. Polypropylene random copolymer offers immense potential to replace glass due to its lightweight nature and transparency.

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In terms of volume, the packaging industry held the largest share of the polypropylene random copolymer market with over 55% share in 2014. Unique properties of polypropylene random copolymer such as transparency, stiffness, organoleptic nature, sealability, and heat resistance make it one of the most efficient materials for packaging of food and beverages. Polypropylene random copolymer containers can be used to store grains, fruits, vegetables, meat, dairy products, etc. These containers can also be used to store other household items where transparency is important for easy recognition and labeling. Another major use of polypropylene random copolymer is in the manufacture of disposable syringes. Polypropylene random copolymer is also used in the production of specimen cups, syrup bottles, IV bags, pouches, and tubes. Large multinational giants have launched special grades of polypropylene random copolymer for medical applications. Polypropylene random copolymer is predominantly used in hot and cold water pipes in the construction industry. It is preferred over traditional metallic pipes as loss of heat is minimized using propylene random copolymers. Other end-users of polypropylene random copolymer include media packaging, toys, sports, furniture, automotive, and household appliances.

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In terms of volume, Asia Pacific accounted for the largest share of the global polypropylene random copolymer market, with approximately 50% share in 2014. The polypropylene random copolymer market is expected to expand significantly in China, India, Brazil, and ASEAN due to increasing demand for food containers in these countries. Latin America is likely to expand at a significant rate due to rising demand from food & beverages and medical industries. North America and Europe are mature markets for polypropylene random copolymer and are estimated to lose their market share by 2023. However, moderate demand for polypropylene random copolymer is anticipated in healthcare and building & construction industries during the forecast period.

The global polypropylene random copolymer market is highly fragmented in nature. The top five companies accounted for nearly 30% share of the polypropylene random copolymer market in 2014. Most players in the market are vertically integrated. Several manufacturers focus on adding new features to their current products in order to achieve competitive advantage and sustain in the market. Key leading players in market include LyondellBasell Industries N.V., Total Petrochemicals & Refining USA, Inc. Braskem, SABIC, Sinopec, Borealis AG, Reliance Industries Limited, Formosa Plastics Corporation, Sasol, INEOS Olefins & Polymers USA, Pinnacle Polymers LLC, Entec Polymers, Flint Hills Resources, and Exxon Mobil Corporation.