Global polypropylene catalyst market expected to reach USD 1.61 billion in 2024 and is anticipated to grow at a CAGR of 6.0% between 2018 and 2024. Polypropylene is used extensively in various end-user industries. Polypropylene is produced by the reaction known as polymerization by using polypropylene catalyst.
The report covers forecast and analysis for the polypropylene catalyst market on a global and regional level. The study provides historical information about 2015-2017 with a forecast from 2018 to 2024 based on both volume (Kilotons) and revenue (USD Billion). The complete study covers the key drivers and restraints for the polypropylene catalyst market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the polypropylene catalyst market on a global level.
In order to offer the users of this report, a comprehensive read on the polypropylene catalyst market, we have enclosed the detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the polypropylene catalyst market has additionally been enclosed within the study. The study includes a market attractiveness analysis, where all segments are benchmarked supported by their market size, rate, and general attractiveness.
The study also includes the market share of the key participant’s operating in the polypropylene catalyst market across the globe. Besides, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures and regional growth of key players within the market on a regional basis.
The study provides a crucial view of the polypropylene catalyst market by segmenting the market based on its segmentation. The segmentation included type, process, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the type, the polypropylene catalyst included in this study are Ziegler-Natta catalyst, a metallocene catalyst, and others. Based on the process, the market is divided into the gas phase, bulk phase, and others. Based on the application, the global polypropylene catalyst included in this study are films, fibers, tubes, injection-molded products, and others. Additionally, the regional classification includes the key countries and regions such as Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
The study provides the exhaustive company profiles of the worldwide market along with the in-depth description of players. Some of the key manufacturers included in the study are AkzoNobel N.V., Mitsui Chemicals, W.R. Grace Chemicals, Sinopec, Albemarle, Lyondell Basel, Univation Inc., and BASF SE among others.
The report segments the global polypropylene catalyst market as:
Global Polypropylene Catalyst Market: Type Analysis
Global Polypropylene Catalyst Market: Process Analysis
Global Polypropylene Catalyst Market: Application Analysis
Global Polypropylene Catalyst Market: Regional Analysis
Polypropylene is a thermoplastic polymer used in several applications such as laboratory equipment, textiles, stationery, packaging & labeling, plastic parts, reusable containers, automotive components, loudspeakers, polymer banknotes, and others. Polypropylene catalyst is used as a catalyst to convert propylene into polypropylene by the polymerization reaction. There are various types of polypropylene catalysts, the major two types of catalysts are Ziegler-Natta catalyst and metallocene catalyst. These catalysts are used in several applications such as in the production of fibers tubes, polypropylene films, and others.
Polypropylene catalyst market is growing at the fastest pace owing to the increasing demand for polypropylene production across the globe. Rising demand for polypropylene based lightweight material from several industries is likely to spur the polypropylene catalyst market. Moreover, the growing demand for polypropylene from several end-user industries is projected to escalate the polypropylene catalyst market. However, due to the new developments, the cost of polypropylene catalyst is fluctuating across the globe and this is likely to affect the polypropylene catalyst market. Furthermore, increasing research & development and advancement in the product is estimated to propel the polypropylene catalyst market in the upcoming years.
Polypropylene catalyst market is segmented on the basis of type, process, and application. The type segmentation includes Ziegler-Natta catalyst, the metallocene catalyst, and others. Amongst others, Ziegler-Natta catalyst is the dominating type segment and is estimated to maintain its dominance over the upcoming years. The low price of Ziegler-Natta catalyst is anticipated to drive the demand for Ziegler-Natta catalyst across the globe. Moreover, the Ziegler-Natta catalyst offers excellent morphology control during polymerization. Therefore, this is projected to boost the demand for Ziegler-Natta catalyst in the near future. The process of polypropylene catalyst includes gas phase, bulk phase, and others. The gas phase process of polypropylene production is estimated to grow at the highest CAGR in the near future. Gas phase process produces high-quality polypropylene with minimal residual, and therefore, it is the highly used process across the globe. The polypropylene catalyst market based on application includes films, fibers, tubes, injection-molded products, and others. Increasing demand for products of injection-molding such as suture materials of surgery, vials, and parts for automotive interior like instrumental panels, door panels, and bumper facias is projected to escalate the use of polypropylene, thereby, propelling the polypropylene catalyst market. Additionally, polypropylene is also used as a base material in composites and is anticipated to increase the demand for polypropylene in the upcoming years.
The geographic analysis of polypropylene catalyst market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, Asia Pacific accounted for the highest market share for the polypropylene catalyst market and is estimated to continue its dominance over the next few years. Owing to the increased production of polypropylene in the region the demand for polypropylene catalyst is likely to escalate. Moreover, major producers of polypropylene catalyst such as LyondellBasell Industries and Mitsui Chemicals, Inc. have manufacturing facilities in the Asia Pacific region. Therefore, this is anticipated to propel the polypropylene catalyst market in the upcoming years. Moreover, growing industrialization and urbanization in the emerging countries of the Asia Pacific and Latin America is anticipated to propel the polypropylene catalyst market. The technological advancements in the process of polypropylene catalyst are likely to boost its consumption globally in the forecast period.
The polypropylene catalyst market consists of a large number of players and is highly fragmented. Companies involved in this market are AkzoNobel N.V., Mitsui Chemicals, W.R. Grace Chemicals, Sinopec, Albemarle, Lyondell Basel, Univation Inc., and BASF SE, among others.
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