Polypropylene Random Copolymers Market
Polypropylene Random Copolymers Market By Application (Blow Film, Blow Molding, Injection Molding, Extrusion Molding), End Use (Medical Packaging, Food Packaging, Consumer Products) & Region - Forecast 2022 - 2032
Market Insights on Polypropylene Random Copolymers covering sales outlook, demand forecast & up-to-date key trends
Polypropylene Random Copolymers Market Overview
The global polypropylene random copolymers market was worth US$ 8.3 Billion in revenue in 2021, and it is expected to grow at a CAGR of 5.8% between 2022 and 2032. As of 2022, the market is expected to be valued at US$ 8.8 Billion, projected to reach US$ 15.46 Billion.
Report Attribute |
Details |
Expected Base Year Value (2021) |
US$ 8.3 Billion |
Projected Market Value (2022) |
US$ 8.8 Billion |
Anticipated Market Value (2032) |
US$ 15.46 Billion |
Global Growth Rate (2022-2032) |
5.8% CAGR |
The expanding non-woven polypropylene fiber industry, as well as the increasing use of polypropylene in the packaging industry, are the major factors driving the market growth.
Polypropylene random copolymers are created by modifying the fundamental structure of polypropylene with another monomer molecule. The most common monomer used is ethylene. In the polymer chain, ethylene molecules are introduced at random between the propylene molecules. The addition of ethylene alters the physical properties of polypropylene.
Random copolymer polypropylenes are used in blow molding, injection molding, and extrusion molding applications that require improved clarity and dimensional stability. They're found in medical packaging, food packaging, and consumer goods.
Which are Some Prominent Drivers Spearheading Polypropylene random copolymers Market Growth?
The introduction of newer application areas, the development of bio-based polypropylene, and the substitution of various other materials all contribute to the global polypropylene random copolymers market's high growth potential.
In 2020, the global polypropylene market was impacted by falling demand for polypropylene. The emergence of new market opportunities, such as polypropylene gloves, nonwoven polypropylene for N95 masks, and polypropylene plungers in the medical industry, drove market growth.
Aside from that, the falling crude oil price created opportunities for low-cost polypropylene production; however, production was hampered due to plant shutdowns and disruptions in the supply chain. The market is currently recovering as a result of the widespread acceptance of polypropylene in the packaging industry, and it is expected to grow significantly in the coming years.
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What are the Challenges Faced by the Polypropylene Random Copolymers Industry?
The demand for plastics from various end-use industries decreased in 2020 as a result of COVID-19. The pandemic, combined with falling crude prices, has drastically altered the chemical production dynamics. As a result of the implementation of lockdown in various countries, production plants were shut down in order to slow the spread of the disease.
How is Europe Contributing to Growth of the Polypropylene random copolymers Market?
In the forecast period, the global market share of Western European polypropylene random copolymers is expected to fall from around 14 percent to around 11.5%. The decline is primarily the result of a moderate increase in demand in only the largest national markets, such as Germany, France, and Italy. Eastern Europe is expected to expand rapidly, particularly in the Russian packaging sector.
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Talk to AnalystWhy is Asia-Pacific Emerging as an Opportunistic Polypropylene random copolymers Market?
Asia Pacific's polypropylene random copolymer industry, led by China, India, and Japan, has dominated global demand in the past and is expected to grow at a rate of more than 5.7% over the forecast period.
The major factor contributing to overall business growth by 2032 is the improvement of consumer lifestyles, increased consumer spending, and the emergence of a middle-class population in China and India. The regional industry is also fueled by a thriving food and beverage industry, which has resulted in business growth packing applications.
Market Competition
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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Report Scope
Report Attribute |
Details |
Growth Rate |
CAGR of 3% until 2032 |
Base Year for Estimation |
2021 |
Historical Data |
2015-2020 |
Forecast Period |
2022-2032 |
Quantitative Units |
Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
Report Coverage |
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
|
Regions Covered |
|
Key Countries Profiled |
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Key Segments Covered in the Polypropylene Random Copolymers Market Report
Application:
- Blow Film
- Blow Molding
- Injection Molding
- Extrusion Molding
End Use:
- Medical Packaging
- Food Packaging
- Consumer Products
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Frequently Asked Questions
FMI projects the global Polypropylene random copolymers market to expand at a 5.8% value CAGR by 2032
Which region is forecast to be the most lucrative for Polypropylene random copolymers market growth?
Asia Pacific is expected to be the most opportunistic Polypropylene random copolymers market, expanding at a 5.7% CAGR
China Petrochemical, LyondellBasell Industries Holdings, Reliance Industries, Total, Borealis, Entec Polymers, Exxon Mobil, Formosa Plastics, HYOSUNG, Indian Oil Corporation, Japan Polypropylene Corporation, LOTTE CHEMICAL CORPORATION, MOLGROUP, NATPET, Petro Plus, Pinnacle Polymers, Prime Polymer, SABICare some prominent polypropylene random copolymers manufacturers.
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