BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the India polypropylene copolymer (PPCP) market size to grow at a steady CAGR of 4.18% by 2029. The high demand for PPCP in the packaging industry for packaging films, sheets, boxes, containers, and bags, due to its chemical resistance and high melting point. Liquid products, such as paints, lubricants, and chemicals must be stored properly. Also, the expanding consumer goods and e-commerce sectors are propelling the PPCP market for packaging material growth. India is a prominent country in the PPCP market, due to its growing economy and government initiatives to attract manufacturing units from around the world.
India Polypropylene Copolymer (PPCP) Market - Overview
Polypropylene copolymer (PPCP) is a flexible and translucent polypropylene variety. It is transparent and has high thermal, mechanical, and chemical resistance. Packaging, stationery, textiles, plastics, reusable containers, laboratory equipment, car parts, and polymer banknotes are just a few of the many products that frequently use them.
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India Polypropylene Copolymer (PPCP) Market – By Product
India polypropylene copolymer (PPCP) market by product is segmented into Fiber & Fabrics, Automotive, Packaging, Construction, Medical, Consumer Goods, and others. Consumer goods are expected to hold the highest market share during the forecast period. Consumer durables, which include things, such as cars, furniture, appliances, phones, and other home items, dominate the polypropylene copolymer (PPCP) market because they are so widely used in daily life.
Impact of COVID-19 on India Polypropylene Copolymer (PPCP) Market
Indian polypropylene copolymer (PPCP) market and other industries suffered because of COVID-19 pandemic. Losses are originally incurred by markets as well. Demand for PPE kits and facemasks for frontline employees, including physicians, nurses, police, and the military, surged suddenly throughout India. The demand for non-woven materials used in the manufacture of masks and protective kits has more than doubled since the viral pandemic. Due to the persistent demand for PPE kits and masks, the market is forecast to expand.
Competitive Landscape
Prominent players in the India polypropylene copolymer (PPCP) market include LyondellBasell Industries Holdings B.V., SABIC, PetroChina Company Limited, Braskem S.A., Khushi Enterprises, and Sinopec Group. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the India polypropylene copolymer (PPCP) market.
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