A recent report on Polypropylene Catalyst Market provides a detailed analysis of the industry size, revenue forecasts, and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Polypropylene Catalyst Market Size
Global Polypropylene Catalyst Market is valued at USD 1467.8 Million in 2020 and expected to reach USD 2806.3 Million by 2027 with a CAGR of 9.7% over the forecast period.
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Scope of Polypropylene Catalyst Market Report
Polypropylene catalyst is an element which helps in changing rate/speed of reaction under different conditions for thermoplastic polymer. The polypropylene is a rigid & crystalline thermoplastic used for packaging trays, battery cases, household products, medical devices, etc. It is one of the fastest growing polymers due to its ability to replace conventional materials such as wood, glass, metal & other thermoplastics. Polypropylene is made from polymerization of propylene in the presence of catalyst system which is usually Ziegler Natta or metallocene catalyst. Ziegler-Natta catalyst is made from mixture of chemical compounds which are used in polymer synthesis belong to 1-alkenes and used in production of high and low-density Polyethylene, thermoplastic polyolefins, polybutylene, crystalline polypropylene and carbon nano tubes nanocomposites, etc. but cant generate poly(vinyl chloride). Metallocene is an effective metal catalyst & its polymerization technique is advantageous over traditional as it result in very pure and consistent resins with well defined properties. The catalysts are not consumed in the polymerization process but decrease the activation energy or reaction mechanism to speed up the process. The biochemical process uses enzymes which are protein as catalyst & other catalysts are acid base catalyst and heterogeneous catalysts.
During Covid-19 pandemic, the demand for the polypropylene catalyst has decreased due to the lockdown globally. The reduced customer purchasing power resulted in diminished demand for other product which in turn affected the catalyst market. The multiple sectors indirectly affect the catalyst market for packaging, cases, equipment manufacturing, etc. The demand is going to grow again but it will take time due to social distancing & increased working remotely.
Global polypropylene catalyst market report is segmented on the basis of type, manufacturing process, end-user and region & country level. Based upon type, global polypropylene catalyst market is classified into Ziegler Natta, metallocene and others. Based upon manufacturing process, the market is divided into bulk phase, gas phase and others. Based upon end-user, global polypropylene catalyst market is divided into chemicals, automotive, packaging and others.
The regions covered in global polypropylene catalyst market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global polypropylene catalyst is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Polypropylene Catalyst Market Companies
Some of the key players for global polypropylene catalyst market are
- LyondellBasell Industries
- Sumitomo Chemicals
- R. Grace & Co.
- Clariant
- Wacker Chemie
- Evonik
- INEOS
- China Petrochemical Corporation
- Ineos
- Japan Polypropylene Corporation
- Evonik
- TOHO Titanium
- Sinopec
- Mitsui Chemicals and others
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Polypropylene Catalyst Current News
Clariant Launched its PolyMax 600 Series Polypropylene Catalyst Developed in Partnership with McDermott’s Lummus Novolen Technology
On June 19th, 2020; Clariant launched its PolyMax 600 series catalyst in partnership with Lummus Novolen Technology expanding its portfolio to meet customers demand as it will answers the need for safer polypropylene solutions which in result approx. $8 million benefit annually due to higher catalyst productivity. New proprietary technology increases the catalyst activity by 25% in place of phthalate based results in improved performance.
Increasing Demand for Polypropylene Products among Individuals & Industrial Requirements is one of the Major Factors Driving the Market Growth
The major factor driving the growth of global polypropylene catalyst market is the rising growth of packaging industry. According to IBEF; Indian packaging industry is expected to grow at 26.7% annually, food processing industry holds 45% share, followed by pharmaceuticals with 25%. The polypropylene is used in various industries such as packaging, automobiles, healthcare, building & construction, electronics and etc. due to its resistance to chemical, extreme temperature & light weight. Automobile is second largest consumer of polypropylene in the world. In addition, in the developing economies, the infrastructure development with light strong material like propylene improves cost effectiveness for longer duration. Furthermore the toys, fashion, sport equipment are made as polypropylene is easily moldable, flexible & durable which can also result in use in farming sector like nozzle, dripper & other tools. However, increased regulation on the use of certain chemicals used in manufacturing of plastic for toys, bags and etc. may hamper the market growth. In spite of that, growing demand for protective masks in this COVID-19 pandemic situation may create an opportunity for the further growth of the market.
sia Pacific is Expected to Dominate the Global Polypropylene Catalyst Market
The global polypropylene catalyst market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. Asia Pacific is expected to dominate the global polypropylene catalyst market within the forecast period due to its developing economies such as China & India. The developing infrastructure uses polypropylene as material & with China as largest producer in the world ensures faster growth for this market. In addition, the growing market for automobile, healthcare, packaging industry, etc. uses polypropylene as a raw material which reduces cost with improved product and will drive the market growth in this region.
Europe is anticipated to capture the significant share of the global polypropylene catalyst market due to its increasing demand for packaged products in this region. In addition, the rising product exports to other economies will need more packaging and packaging material for new emerging businesses help in increasing demand for polypropylene catalyst.
Key Benefits for Global Polypropylene Catalyst Market Report–
Global Polypropylene Catalyst Market report covers in-depth historical and forecast analysis.
Global Polypropylene Catalyst Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Polypropylene Catalyst Market report helps to identify opportunities in marketplace.
Global Polypropylene Catalyst Market report covers extensive analysis of emerging trends and competitive landscape.
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Global Polypropylene Catalyst Market Segmentation:
By Type:
Ziegler Natta
Metallocene
Others
By Manufacturing Process:
Bulk Phase Process
Gas Phase Process
Others
By End-User:
Chemical
Automotive
Packaging
Others
By Regional & Country Level:
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Polypropylene Catalyst Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Polypropylene Catalyst Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Polypropylene Catalyst Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Polypropylene Catalyst Market Overview: Quantitative Analysis
4. Chapter – Global Polypropylene Catalyst Market Analysis: Segmentation By Type
5. Chapter – Global Polypropylene Catalyst Market Analysis: Segmentation By Application
Continued…
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