24-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Polyolefin Catalyst Market –By Type (Metallocene, Ziegler Natta, and Peroxide Initiators), By End-User (Packaging, Pharmaceutical, Coatings, Automobile, and Construction), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for polyolefin catalyst market was valued at around USD 2.2 Billion in 2019 and is anticipated to grow at a CAGR close to 5% between 2019 and 2025.
Browse the full “Global Polyolefin Catalyst Market – By Type (Metallocene, Ziegler Natta, and Peroxide Initiators), By End-User (Packaging, Pharmaceutical, Coatings, Automobile, and Construction), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025.” Report at https://www.zionmarketresearch.com/report/polyolefin-catalyst-market
Polyolefin is a long chain of olefin monomers bonded covalently to form a sheet. Polyethylene is also a type of polyolefin formed through the covalent bonding between olefin ethylene monomers. Based on the extent of crystallization and molecular weight, the applications of polyolefin are determined. Developing countries are witnessing rising demand for consumer goods, which involve the chief utilization of plastic films. Therefore, the global polyolefin catalyst market is flourishing considerably. Owing to the technological advancements in the products and production mechanisms used in the polyolefin catalyst market, the demand for packaged goods, plastic films, and construction materials has hiked.
Polyolefin catalysts serve as boosters for the production of polypropylene and polyethylene, the two major polyolefin products from crude oils. Thus, volatility in the crude oil market is eventually going to hamper the polyolefin catalyst market.
“Ziegler Natta” dominates the type segment in the global polyolefin catalyst market
Based on type, the market is bifurcated into metallocene, Ziegler Natta, and peroxide initiators. The Ziegler Natta category primarily drives the polyolefin catalyst market owing to its reasonable cost and effectiveness in controlling the thermoplastic polyolefin production. While catalysts under the metallocene category have unique advantages such as these catalysts add to the toughness and impact strength of the products.
Automobile sector holds the major share of the global polyolefin catalyst market
By the end-user, the polyolefin catalyst market is segmented into packaging, pharmaceutical, coatings, automobile, and construction. Among all, the automobile sector is considered as a leading end-user for the global polyolefin catalyst market throughout the study timeframe. Polyolefin catalysts play a crucial role in manufacturing various auto parts such as dashboard, seats, lighting, and bumpers.
The Asia Pacific accounts for maximum revenue share generated by the global polyolefin catalyst market
The Asia Pacific directed the global polyolefin catalyst market in 2019 and is likely to bolster the market substantially in the coming few years. The majority of the leading polyolefin catalyst manufacturers are established in the Asian countries, which is one of the major reasons behind regional market dominance. Moreover, rapid industrialization in Southeast Asian countries has also flourished the regional polyolefin market.
Some of the key players driving the global polyolefin catalyst market are Dorf-ketal Chemicals India Private Limited, Albemarle Corporation, DowDupont Inc., Haldor Topsoe, Lyondellbasell Industries Holdings B.V., Mitsui Chemicals Inc., W. R. Grace & Co., Chicago Bridge & Iron Company N.V, Ineos Technologies Limited, Nova Chemicals Corporation, Akzo Nobel, Evonik Industries AG, China Petrochemical Corporation, Johnson Matthey, and Clariant AG.
The global polyolefin catalyst market is segmented as:
Global Polyolefin Catalyst Market: Type Segmentation Analysis
Global Polyolefin Catalyst Market: End-User Segmentation Analysis
Global Polyolefin Catalyst Market: Regional Segmentation Analysis
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