Lucintel Blog: Lucintel Forecasts Polypropylene Random Copolymer Market to Reach $11.7 Billion by 2028

Thursday, July 20, 2023

Lucintel Forecasts Polypropylene Random Copolymer Market to Reach $11.7 Billion by 2028

According to the recent study the polypropylene random copolymer market is projected to reach an estimated $11.7 billion by 2028 from $9.1 billion in 2023, at a CAGR of 5% from 2023 to 2028. Growth in this market is primarily driven by growing adoption of bio-based polypropylene; rising use of new polypropylene-based gloves, N95 masks, and plungers in the medical sector; and increasing inclination of food producers towards attractive packaging, labeling, and durability.

A more than 150–page report is developed to understand trends, opportunities and forecast in polypropylene random copolymer market by product type (homopolymer, copolymer, and others), end use industry (packaging, building & construction, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/polypropylene-random-copolymer-market.aspx

“Homopolymer market is expected to remain the largest segment during the forecast period.”

Based on product type, the polypropylene random copolymer market is segmented into homopolymer, copolymer, and others. Lucintel forecasts that the homopolymer market is expected to remain the largest segment as it ensures better clarity, greater flexibility, minimized smoke, improved impact resistance, and lesser melting point.

“Within the polypropylene random copolymer market, the packaging segment is expected to remain the largest end use industry.”

Based on end use industry the packaging segment is expected to witness the highest growth over the forecast period due to wide utilization of polypropylene random copolymer owing to its properties, such as higher transparency and thermal protection.

“Asia pacific will dominate the polypropylene random copolymer market in near future.”

APAC will remain the largest region due to the huge demand for packaged foods in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/polypropylene-random-copolymer-market.aspx.

Major players of polypropylene random copolymer market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Entec Polymers, ExxonMobil, Sasol, Chevron, and Royal Dutch Shell are among the major polypropylene random copolymer providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polypropylene-random-copolymer-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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