DUBLIN, Dec. 8, 2017 /PRNewswire/ --
The "Global Polypropylene Random Copolymer Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global polypropylene random copolymer market to grow at a CAGR of 5.50% during the period 2017-2021.
The report, Global Polypropylene Random Copolymer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is rising preference for bio-based polypropylene products. With the rising concern over the depletion of fossil fuels, toxicity, nonbiodegradability, and harmful effect on the environment, there has been an increase in the use of bio-based products. Ecological impacts and depletion of petrochemical feedstock are the major cause for the rising preference of bio-based polymers. The plastic industry is considering other alternatives such as renewable sources or bio-based sources.
According to the report, one driver in the market is rising demand for metallocene-based polyolefin. Polymerization of olefins with the nanoparticles by metallocene catalysts is one of the efficient ways of the production of polyolefin; many companies, such as BASF and ExxonMobil, are producing the metallocene-based polyolefin. The increase in demand for a metallocene-based catalyst that has properties better than the conventional catalyst and wide use of this kind of polyolefins in various application sectors such as automotive, packaging, and construction are expected to drive the market during the forecast period.
Further, the report states that one challenge in the market is fluctuating crude oil and petroleum prices. As the polypropylene random copolymer is manufactured from petroleum-based raw materials, fluctuations in the crude oil prices are affecting the cost of petrochemicals. This has become a major challenge for the global polypropylene random copolymer market. The prices of raw materials such as naphtha and olefins have been fluctuating. The carrier compounds and chemical intermediates in the production of polypropylene random copolymer are petroleum derivatives. Thus, the prices of these materials vary in tandem with natural gas and crude oil prices.
- China Petrochemical
- LyondellBasell Industries Holdings
- Reliance Industries
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/8xcp3v/global
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SOURCE Research and Markets