Polypropylene Random Copolymer Market Trends

Growth Drivers

• Growing Demand for Plastic Products – Polypropylene random copolymer is extensively used in the manufacture of transparent, robust, and aesthetic plastic products such as storage containers and sports bottles. They are flexible, lightweight, optically clear, odor-free, and heat-resistant which makes them perfect glass and other plastic products. In the year 2019, around 350 million metric tons of plastics were produced globally leading to the expansion of the market in the upcoming years.

• Rise in the Pharmaceutical Sector – Polypropylene random copolymer is significantly being used in the manufacturing of several pharmaceutical products also in packaging applications which is expected to drive the expansion of the polypropylene random copolymer market in the estimated period. Polypropylene random copolymer is widely used by manufacturers for bottling complex pharmaceutical products due to its purity, transparency, inert properties, lightweight, and durability. Additionally, the demand for pharmaceutical packaging and the adoption of polypropylene random copolymer is increasing due to factors such as growing pharmaceutical applications, contract manufacturing in APAC, and an aging population.
• Increasing Use for Making Plastic Parts in the Automotive Industry – Polypropylene random copolymer is a durable lightweight, heat-resistant resin used to make plastics that are used in the automotive industry for making several automotive vehicles and parts. For instance, over 78 million motor vehicles were manufactured globally in 2021 which rose by 2% than last year.

Challenges

• Limited High-Temperature Application – Owing to the presence of polypropylene, the polypropylene random copolymer has a very limited high-temperature application. It is so, s polypropylene is a very flexible, soft material with a low melting point, which begins to melt as a result of the CNC cutter’s heat. Hence, such a factor is anticipated to restrain market growth in the coming years.

• High Flammability of Polypropylene Random Copolymer
• Fluctuating Crude Oil Prices