The North America polypropylene copolymer market is expected to grow at a CAGR of around 5% during 2019-2024. Polypropylene copolymer (PPCP) is a type of plastic, which is made from the polymerization of propylene in the presence of a catalyst and monomer. It is a colorless, translucent to transparent solid with a glossy surface. Some beneficial properties of PPCP includes low high stiffness, specific gravity, low moisture absorption rate, high-temperature resistance to chemicals, and good process ability through injection molding and extrusion.
The North America polypropylene copolymer market is being driven by several factors. PPCP finds various applications in injection molding, thermoforming, and blow molding as it is one of the most versatile thermoplastic polymers. Additionally, it is more durable, tougher and softer than homopolymer and, thus, offers improved impact strength. On account of this, PPCP is majorly used as a raw material for producing rigid packaging. Moreover, PPCP also provides better stress crack resistance and low-temperature toughness, thus fueling its demand in the automotive industry. Apart from this, these copolymers are used for various medical applications, which include the production of medical and surgical equipment such as injection molds and medicine bottles. PPCP also plays a vital role in textile, building and construction, electrical and electronic, and food and beverage sectors, thereby, having a positive impact on market growth in the region.
IMARC Group’s latest report provides a deep insight into the North America polypropylene copolymer market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America polypropylene copolymer industry in any manner.
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