Global Polypropylene random copolymer market expected to reach US$ 9.29 bln in 2023

28-Aug-15
Rising demand from packaging and healthcare industries coupled with technological developments are expected to drive the polypropylene random copolymer market between 2015 and 2023, as per Transparency Market Research. Polypropylene random copolymer is primarily used in the manufacture of food containers due to high heat and impact resistance, flexibility, and excellent transparency. Furthermore, capacity additions in the Middle East and China are anticipated to boost the market growth. There is significant demand for food containers in Asia Pacific due to changing lifestyle and shift toward processed and packaged food However, availability of substitutes such as polyethylene, polystyrene, polycarbonate, polyethylene terephthalate, and other polyolefins is anticipated to hamper growth of the global polypropylene random copolymer market during the forecast period. The beverages industry is likely to offer large opportunities for polypropylene random copolymer manufacturers from 2015 to 2023.
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Milacron 450 ton electric injection molding machine

Milacron 450 ton electric injection molding machine