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Polypropylene Random Copolymer Market Size, Share & Trends Analysis Report by Grade (Commercial Grade, Pharmaceutical Grade, Others) Application (Blown Film, Blow Molding, Injection Molding, Extrusion Molding, Others) End-use Industry (Medical Packaging, Food Packaging, Consumer Goods & Retail, Building & Construction, Online Sale Channel, Others) By Geography (North America, Europe, Asia-Pacific, South America, RoW) Forecast till 2028

Categories: Chemicals And Materials

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The report titled “Polypropylene Random Copolymer Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global polypropylene random copolymer market along with the market size (Value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. This study covers an in-depth analysis of multiple market segments based on Grade, Application, and End-use Industry across five different regions covering 20+ countries.

 

Key insights associated with forecast factors for the market during the forecast period 2022-2028 have also been covered. The report also provides the impact of COVID-19 on the global and regional polypropylene random copolymer market in the short, medium, and longer-term for conservative, likely, and optimistic scenarios, respectively. 

 

Polypropylene Random Copolymer Market Dynamics

In the forecast years, rising demand for food containers is expected to boost the global polypropylene random copolymer market. Moreover, increased syringe demand for injectable medications will likely enhance the polypropylene random copolymer market throughout the forecast period. Furthermore, from 2015 through 2023, the beverage industry is expected to provide significant prospects for polypropylene random copolymer manufacturers. Due to its lightweight and clarity, polypropylene random copolymer is expected to replace the glass.

 

Polypropylene random copolymer is mostly used in the packaging industry. Transparency, rigidity, organoleptic characteristics, sealability, and heat resistance make polypropylene random copolymer one of the most effective food and beverage packaging materials. Polypropylene random copolymer is primarily utilized in large-scale food and storage container packaging. The healthcare business is the second-largest user of polypropylene random copolymer, which is used in syringes, labware, and bottles. Special grades of polypropylene random copolymer have been introduced for medical uses by large multinational corporations. It is mostly utilized in the construction industry for hot and cold water pipes. Hot and cold water pipes, VCD cases, toys, gearboxes, and other items are made of polypropylene random copolymer. Specimen cups, syrup bottles, IV bags, pouches, and tubes are all made from polypropylene random copolymer. Media packaging, toys, sports, furniture, automotive, and household appliances are among other applications of polypropylene random copolymer.

 

Segmental Analysis 

How does the potential demand for blow molding impact Polypropylene Random Copolymer Market?

Blow molding and extrusion processes produce transparent bottles and containers, extruded sheets and profiles, thermoformed packaging, and stationery products. Bottles with high mechanical stiffness, high productivity, and excellent surface finishing are also required for blow-molded packaging for dairy beverages. Blow molding or injection stretch blow molding technologies are used in various industries, including the food sector, technical parts, and cosmetics.

 

Why is packaging as an end-use industry seen as an attractive segment?

Random copolymer PP has the highest transparency and the lowest HDT of any polymer. It is the most flexible product available and has a reasonable impact strength. Due to its better transparency and thermal resistance, rising product demand across packaging applications will drive industry expansion. Furthermore, an increase in the global working population has fueled demand for packaged foods, which has been analyzed to stimulate corporate growth.

 

Regional Analysis 

Asia-Pacific accounted for the greatest share of the polypropylene random copolymer market due to changing lifestyles as customers steadily turn toward ready-to-eat and packaged food, primarily for food containers. The emergence of a middle class in China and India would also be instrumental factors in driving total growth. The regional economy is also fueled by a thriving food and beverage industry, which has resulted in increased commercial packaging applications.

 

In terms of revenue, Europe is the second-largest market for polypropylene random copolymer. This is due to the rise in the packaging sector, particularly in Russia. North America’s thriving healthcare business will also likely fuel demand for polypropylene random polymer. In addition, disposable syringes and labware are frequently made with polypropylene random polymer. As a result, the region is experiencing growth.

 

Competitive Landscape

Key players in the global polypropylene random copolymer market are focusing on continuous product innovation and expansion to improve their market position. For instance, in January 2022, SABIC introduced LNPTM ELCRINTM EXL7414B copolymer, the company’s first bio-based polycarbonate (PC) copolymer, to help the consumer electronics industry achieve its net-zero carbon emission goals. The new copolymer is the first in a growing collection to be awarded the ISCC+ (International Sustainability and Carbon Certification Plus) certification.

 

The polypropylene random copolymer market is seen as a consolidated market, backed by tier-1 players in the market who accounts for more than 50% of the global revenue. However, the emergence of new players is expected to further result in the distribution of market share at the regional level. Prominent players in the market include SCG Chemicals, China Petrochemical, Borealis, MOL GROUP, HYOSUNG, Indian Oil Corporation, Braskem, Petro Plus, LyondellBasell Industries Holdings, Lotte Chemical Corporation, SABIC, Formosa Plastics, Exxon Mobil and Japan Polypropylene Corporation.

 

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has not only resulted in halted production activity but has also disrupted the global supply chain. It has wreaked havoc on the worldwide economy, causing significant disruption in all of the regions where key corporations, their suppliers, distributors, business partners, and customers operate. COVID-19 has moderately harmed the polypropylene random copolymer market in the face of lockdowns and social isolation.

 

COVID-19 affected the supply of propylene random copolymer as demand for oil products such as gasoline and polymers dropped. As a result, crude oil prices plummeted, entering the negative zone, due to a collapse in demand and a shortage of storage capacity for excess supply. Furthermore, operating rates have been reduced due to a decline in industrial activity in several industries and greater limits due to lockdown.

 

This has harmed the pricing of these products in Europe, as well as the growth of the market. On the other side, increased demand for processed goods due to the pandemic increased PP used in the packaging industry. In addition, alternative production movements based on polymers evolved due to the pandemic’s reduction in medical-hospital supplies and personal protective equipment for health professionals and the general public.

 

Key Questions Answered 

  1. What is the current (2022E) estimated market size of the Global Polypropylene Random Copolymer Market?
    1. The global polypropylene random copolymer market is expected to be valued at US$ 9,000 Mn by the end of 2022
  1. Which are the prominent drivers impacting polypropylene random copolymer market growth?

 .        Some of the factors impacting the global polypropylene random copolymer market during the forecast period 2022-2028 are as follows:

                        i. Expanding Food Industry Drives the Growth for Polypropylene Random Copolymer

                        ii. Rising Demand for Metallocene-Based Polyolefin

                        iii. Increasing Usage of Polypropylene Random Copolymer in Various Sectors

3. The aforementioned factors facilitate numerous growth opportunities for the global polypropylene random copolymer market, which is poised to expand at a CAGR of more than 14% between 2022 and 2028.  

  1. Which region is expected to dominate the polypropylene random copolymer market by 2028 end?

a.      The Asia Pacific region is expected to continue its dominance during the forecast period 2022-2028

 

Key Segments of Polypropylene Random Copolymer Market

 

  • Grade
  • Commercial Grade
  • Pharmaceutical Grade
  • Others

 

  • Application
  • Blown film
  • Blow molding
  • Injection molding
  • Extrusion molding
  • Others

 

  • End-use Industry
  • Medical Packaging
  • Food Packaging
  • Consumer goods & Retail
  • Building & Construction
  • Online Sale Channel
  • Others

 

  • Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • MEA

 

Report Attribute/Metric

 Details

 

Market Size

2028: ~ USD 17,000 Million

 

CAGR

~ 14.0% (2022-2028)

 

Base Year

2021

 

Forecast Period

2022 – 2028

 

Historical Data

2017 to 2021

 

Forecast Unit

Value (US$ Mn)

 

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

 

Segments Covered

Grade, Application, and End-use Industry

 

Geographies Covered

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

 

Key Players Analyzed

SCG Chemicals, China Petrochemical, Borealis, MOL GROUP, HYOSUNG, Indian Oil Corporation, Braskem, Petro Plus, LyondellBasell Industries Holdings, Lotte Chemical Corporation, SABIC, Formosa Plastics, Exxon Mobil, and Japan Polypropylene Corporation

 

Key Market Opportunities

  • Growth of overall syringe industry

 

Key Market Drivers

 

  • Expanding Food Industry Drives the Growth for Polypropylene Random Copolymer
  • Rising Demand for Metallocene-Based Polyolefin
  • Increasing Usage of Polypropylene Random Copolymer in Various Sectors

1.      Executive Summary


1.1.    Global Market Outlook


1.2.    Demand Side Trends


1.3.    Supply Side Trends


1.4.    Recommendation and Analysis


2.      Market Overview


2.1.    Market Taxonomy


2.2.    Market Definition & Scope


3.      Market Background and Foundation Data Points


3.1.             Global Plastic Industry Outlook


3.2.             Global Polypropylene Industry Outlook


3.3.             Global Plastic Packaging Industry Outlook


3.4.             Recent Developments in Polypropylene Random Copolymer Market Segment


3.5.             Regulatory Policies and Landscape


3.6.             Market White Space Assessment and Opportunity Analysis


3.7.             Key Market Trend Analysis


3.7.1.  By Grade


3.7.2.  By Application


3.7.3.  By End-use Industry


3.8.             Development Patterns in Polypropylene Random Copolymer Market


3.9.             Competitive Scenario and Trends


3.9.1.  Market Concentration Rate, by Region


3.9.2.  List of Emerging, Prominent and Leading Players 


3.9.3.  Mergers & Acquisitions


3.10.         Scenario Forecast for Demand


3.10.1.         Optimistic Scenario


3.10.2.         Likely Scenario


3.10.3.         Conservative Scenario


3.11.         Macro-Economic Factors


3.12.         Market Dynamics


3.12.1.         Market Driving Factors and Impact Assessment


3.12.2.         Prominent Market Challenges and Impact Assessment


3.12.3.         Market Opportunities


3.12.4.         Challenges in Polypropylene Random Copolymer


3.13.                     COVID-19 Impact on Market Value


3.13.1.         Value Depreciation in 2021


3.13.2.         Quarter-On-Quarter Impact and Recovery Assessment


3.14.                     Expected Demand Volume (Mn Units) and Value (US$ Mn) Recovery Curve


3.14.1.         Likelihood of V-Shape Recovery


3.14.2.         Likelihood of U-Shape Recovery


3.14.3.         Likelihood of L-Shape Recovery


4.      Global Polypropylene Random Copolymer Market - Pricing Analysis


4.1.    Regional Pricing Analysis by Application


4.2.    Pricing Break-up


4.3.    Global Average Pricing Analysis Benchmark


5.      Global Polypropylene Random Copolymer Market Demand (in Value in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2028


5.1.    Historical Market Value (US$ Mn) Analysis, 2017-2021


5.2.    Current and Future Market Value (US$ Mn) Projections, 2022-2028


5.2.1.  Y-o-Y Growth Trend Analysis


5.2.2.  Absolute $ Opportunity Analysis 


6.      Global Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028, By Grade


6.1.    Introduction / Key Findings


6.2.    Historical Market Value (US$ Mn) Analysis by Grade, 2017-2021


6.3.    Current and Future Market Value (US$ Mn) Analysis and Forecast by Grade, 2022-2028


6.3.1.  Commercial Grade


6.3.2.  Pharmaceutical Grade


6.3.3.  Others


6.4.    Market Attractiveness Analysis by Grade


7.      Global Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028, By Application


7.1.    Introduction / Key Findings


7.2.    Historical Market Value (US$ Mn) Analysis by Application, 2017-2021


7.3.    Current and Future Market Value (US$ Mn) Analysis and Forecast by Application, 2022-2028


7.3.1.  Blown Film


7.3.2.  Blow Molding


7.3.3.  Injection Molding


7.3.4.  Extrusion Molding


7.3.5.  Others


7.4.    Market Attractiveness Analysis by Application


8.      Global Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028, By End-use Industry


8.1.    Introduction / Key Findings


8.2.    Historical Market Value (US$ Mn) Analysis by End-use Industry, 2017-2021


8.3.    Current and Future Market Value (US$ Mn) Analysis and Forecast by End-use Industry, 2022-2028


8.3.1.  Medical Packaging


8.3.2.  Food Packaging


8.3.3.  Consumer Goods & Retail


8.3.4.  Building & Construction


8.3.5.  Online Sale Channel


8.3.6.  Others


8.4.    Market Attractiveness Analysis by End-use Industry


9.      Global Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028, By Region


9.1.    Introduction / Key Findings


9.2.    Historical Market Value (US$ Mn) Analysis by Region, 2017-2021


9.3.                         Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028


9.3.1.  North America


9.3.2.  Europe


9.3.3.  Asia Pacific


9.3.4.  South America


9.3.5.  Middle East and Africa (MEA)


9.4.    Market Attractiveness Analysis by Region


10.  North America Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028


10.1.                     Introduction / Key Findings


10.2.                     Pricing Analysis


10.3.                     Historical Market Value (US$ Mn) Analysis by Region, 2017-2021


10.4.                     Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028


10.4.1.     By Country


10.4.1.1. U.S.


10.4.1.2. Canada


10.4.1.3. Mexico


10.4.2.         By Grade


10.4.3.         By Application


10.4.4.         By End-use Industry


10.5.                     Market Attractiveness Analysis


10.5.1.         By Country


10.5.2.         By Grade


10.5.3.         By Application


10.5.4.         By End-use Industry


11.  Europe Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028


11.1.                     Introduction / Key Findings


11.2.                     Pricing Analysis


11.3.                     Historical Market Value (US$ Mn) Analysis by Region, 2017-2021


11.4.                     Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028


11.4.1.     By Country


11.4.1.1. Germany


11.4.1.2. Italy


11.4.1.3. France


11.4.1.4. Spain


11.4.1.5. UK


11.4.1.6. Rest of Europe


11.4.2.         By Grade


11.4.3.         By Application


11.4.4.         By End-use Industry


11.5.                     Market Attractiveness Analysis


11.5.1.     By Country


11.5.2.         By Grade


11.5.3.         By Application


11.5.4.         By End-use Industry


12.  Asia Pacific Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028


12.1.                     Introduction / Key Findings


12.2.                     Pricing Analysis


12.3.                     Historical Market Value (US$ Mn) Analysis by Region, 2017-2021


12.4.                     Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028


12.4.1.     By Country


12.4.1.1. China


12.4.1.2. India


12.4.1.3. Japan


12.4.1.4. South Korea


12.4.1.5. Rest of Asia Pacific


12.4.2.         By Grade


12.4.3.         By Application


12.4.4.         By End-use Industry


12.5.                     Market Attractiveness Analysis


12.5.1.     By Country


12.5.2.         By Grade


12.5.3.         By Application


12.5.4.         By End-use Industry


13.  South America Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028


13.1.                     Introduction / Key Findings


13.2.                     Pricing Analysis


13.3.                     Historical Market Value (US$ Mn) Analysis by Region, 2017-2021


13.4.                     Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028


13.4.1.     By Country


13.4.1.1. Brazil


13.4.1.2. Argentina


13.4.1.3. Rest of South America


13.4.2.         By Grade


13.4.3.         By Application


13.4.4.         By End-use Industry


13.5.                     Market Attractiveness Analysis


13.5.1.     By Country


13.5.2.         By Grade


13.5.3.         By Application


13.5.4.         By End-use Industry


14.  Middle East and Africa (MEA) Polypropylene Random Copolymer Market Analysis 2017-2021 and Forecast 2022-2028


14.1.                     Introduction / Key Findings


14.2.                     Pricing Analysis


14.3.                     Historical Market Value (US$ Mn) Analysis by Region, 2017-2021


14.4.                     Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028


14.4.1.     By Country


14.4.1.1. GCC Countries


14.4.1.2.  South Africa


14.4.1.3.                   Rest of MEA


14.4.2.         By Grade


14.4.3.         By Application


14.4.4.         By End-use Industry


14.5.                     Market Attractiveness Analysis


14.5.1.     By Country


14.5.2.         By Grade


14.5.3.         By Application


14.5.4.         By End-use Industry


15.  Market Structure Analysis


15.1.   Market Analysis by Tier of Companies (Polypropylene Random Copolymer)


15.2.   Market Concentration


15.3.   Market Dashboard


15.4.   Key Player Heat Map Analysis


16.  Competition Analysis


16.1.   Competition Benchmarking


16.2.   Competition Deep Dive


16.2.1. SCG Chemicals


16.2.1.1. Overview


16.2.1.2. Product Portfolio


16.2.1.3. Regional Revenue


16.2.1.4. Segmental Revenue Breakup


16.2.1.5. Recent Development


16.2.1.6. SWOT analysis


16.2.2.         China Petrochemical


16.2.3.         Borealis


16.2.4.         MOLGROUP


16.2.5.         HYOSUNG


16.2.6.         Indian Oil Corporation


16.2.7.         Braskem


16.2.8.         Petro Plus


16.2.9.         LyondellBasell Industries Holdings


16.2.10.     Lotte Chemical Corporation


16.2.11.     SABIC


16.2.12.     Formosa Plastics


16.2.13.     Exxon Mobil


16.2.14.   Japan Polypropylene Corporation


16.2.15.   Other Key Players


17.     Appendix

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Polypropylene Random Copolymer Market Size, Share ...

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