India Polypropylene Copolymer (PCPP) Market to be Dominated by Consumer Durables Segment Through 2028
Growing demand from electronical
& electronic industries and rising packaging industries are the factor that
drive the demand for the India polypropylene copolymer (PCPP) market in the
forecast period, 2024-2028.
According to TechSci Research report, “India Polypropylene 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. 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 led to increased demand for the polypropylene
copolymer (PCPP) market for the projected period.
Browse over XX market data Figures spread through
70 Pages and an in-depth TOC on "India Polypropylene Copolymer (PCPP) Market."
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 the 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 India polypropylene
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. 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.
“India Polypropylene
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 India polypropylene 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 India polypropylene copolymer (PCPP) market.
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