Polypropylene random copolymer market to rise amid increasing demand for food containers

Polypropylene random copolymer has advantageous properties such as high chemical and impact resistance, good surface hardness, good heat resistance, good transparency, and low melting temperature. Therefore, it is utilized in place of a number of other polyolefins in numerous applications. The increasing demand for food containers is expected to fuel the market in the forthcoming years, as per Transparency Market Research. In addition, the increased usage of syringes in injectable drugs is predicted to augment the growth of the market. On the other hand, increasing competition posed by other alternatives and the inconsistency in the prices of raw materials may impede the growth of the market during the forecast horizon. On the basis of end users, the polypropylene random copolymer market is segmented into packaging, healthcare, building and construction, and others including furniture, media packaging, sports, toys, etc. Amongst these, on the basis of volume, the packaging industry dominated the market and held a share of more than 55% in 2014. The reason for the superiority of this segment is the various qualities of polypropylene random copolymers, including stiffness, transparency, sealability, heat resistance, and its organoleptic nature, due to which they are considered the most potent material in the packaging of beverages and food. On the basis of geography, the polypropylene random copolymer market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Amongst these, in 2014, Asia Pacific dominated the market, representing around 50% of the market. This market is projected to rise exponentially in India, China, ASEAN, and Brazil owing to the rise in demand for food containers in these locations. Latin America is predicted to rise at a rapid rate owing to increasing demand from the medical and food and beverages industries. In addition, Europe and North America are stagnant markets for polypropylene random copolymers and are predicted to lose market share till 2023. Prominent players in the market include Total Petrochemicals & Refining USA, Inc., LyondellBasell Industries N.V., Braskem, SABIC, Borealis AG, and Sinopec, among others. PP random copolymer containers are utilized for storing vegetables, grains, fruits, dairy products, meat, etc. The containers can also be utilized for storing a number of other household products that require labeling and easy recognition. It is also utilized in the manufacture of syrup bottles and specimen cups, IV bags, tubes, and pouches. The giants in the global market have introduced special grade polypropylene random copolymer in medical applications. They are used in cold and hot water pipes within the construction industry. They are utilized in place of conventional metallic pipes due to the fact that conduction of heat is reduced by the utilization of propylene random copolymers