Growing demand from electronic & electronic industries and rising packaging industries are the factors that drive the demand for the India polypropylene copolymer market in the forecast period, 2024-2028. According to TechSci Research report, “IndiaPolypropylene Copolymer (PCPP) Market – By Region, Competition Forecast and Opportunities, 2018-2028″, The India polypropylene copolymer (PCPP) market is anticipated to increase at an impressive rate in the forecast period, 2024-2028. Polypropylene copolymer is a flexible and transparent kind of polypropylene.
The Important Factors of India Polypropylene Copolymer Market
Along with transparency, it has good thermal, mechanical, and chemical resistance. It is frequently employed in packaging, stationery, textiles, plastics, reusable containers, lab equipment, automobile parts, and polymer banknotes. The government policies or efforts on polymers, increasing acceptance of bio-degradable polymers, and increasing price of crude oil are factors hindering the Indian polypropylene copolymer (PCPP) market growth.
Due to its excellent chemical resistance and high melting point, PPCP is highly demanded in the packaging sector for packaging films, sheets, boxes, containers, and bags. Thus, it highly demands storing liquid products like paints, lubricants, and chemicals. In addition, the growing consumer goods and e-commerce sector is driving the demand for PPCP market growth for packaging material. India is one of the prominent countries for the PPCP market due to its growing economy and government initiative to attract manufacturing units from around the world. The manufacturing and automobile sectors. Growing demand from different end-users like construction, healthcare, textile, and transportation industries will propel the market demand. All these factors increased demand for the polypropylene copolymer (PCPP) market for the projected period.
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India polypropylene copolymer (PCPP) market is segmented based on granule color and application. Based on granule color, the market is divided into black, red, white, and others. The black sales segment is expected to hold the largest market share in the projected year. Owing to its great chemical and temperature resistance, it is used for fabricating electronic parts and casings, covers, plastic bags, pipes, and automotive parts. Thus, the growing demand for different applications dominates the black-color granule segment.
Based on application, the market is divided into paint pails, lube pails, battery casings, consumer durables, textiles, films, and others. The consumer durables segment is expected to hold the largest market share in the projected year. As automobiles, furniture, household appliances, mobile phones, and other household things lie in consumer durables and are vastly used in daily life, durable consumer segments dominate the polypropylene copolymer (PCPP) market.
Major companies operating in Indiapolypropylene copolymer (PCPP) market are:
- Reliance Industries Limited
- Jairam Plastic Industries
- Indorama Corporation
- Shakti Plastic Industries
- Perfect Polychem Private Limited
- Captain Polyplast Limited
- Paras Polytech
- Gravita India Limited
- Kamal Polyplast
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“The West region is expected to dominate India’s Polypropylene Copolymer (PCPP) Market in the projected period due to its beneficial government incentive, investment policy, skilled resources, and favorable manufacturing eco-system. The Polypropylene Copolymer (PCPP) market is anticipated to increase due to growing demand from automobiles, textile, paints & coating sectors. The report published by the Packaging Industry Association of India stated that the India Packaging Market size amounted to 50.5 billion USD in 2019, and it is anticipated to grow by 204.81 billion USD by 2025. Thus, the growing demand for packaging material is expected to propel the demand for the polypropylene copolymer (PCPP) market.
Various government initiatives and ongoing product advancement for new applications are going to propel the polypropylene copolymer (PCPP) demand. Growing demand from healthcare industries in their medical applications for the production of medical and surgical equipment like injection molds and medicine bottles.
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Moreover, in the past years, there has been an upsurge in the usage of PPCP for manufacturing various types of automotive parts like bumpers and dashboards. Polypropylene copolymer is a crucial variable in food &beverages, electrical & electronics, and building &construction. All the above-mentioned factors are projected to impact India’s Polypropylene Copolymer (PCPP) market growth until 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“IndiaPolypropylene Copolymer (PCPP) Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Granule Color (Black, Red, White, Others), By Application (Paint Pails, Lube Pails, Battery Casings, Consumer Durables, Textile, Films, Others),, By Distribution Channel (Direct/Institutional Sales, Retail Sales, Others), By Company (2022), By Region, Competition Forecast and Opportunities, 2028 has evaluated the future growth potential of Indiapolypropylene copolymer (PCPP) Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indiapolypropylene copolymer (PCPP) market.