What is Polypropylene Catalyst?
Polypropylene catalysts are used to convert propylene to polypropylene in a polymerization reaction. The global polypropylene catalysts market is segmented by type into Ziegler–Natta and Metallocene. Ziegler-Nata is a cost-effective heterogeneous catalyst consisting of a transition metal and an organometallic co-catalyst and provides good morphology control during polymerization. Whereas, metallocenes are homogenous metal catalysts with a transition metal atom sandwiched between two cyclopentadienyl anions.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | LyondellBasell Industries Holdings BV (Netherlands), Mitsubishi Chemical Corporation (Japan), Clariant (Switzerland), Sumitomo Chemicals (Japan), Mitsui Chemicals, Inc. (Japan), China Petrochemical Corporation (China), Reliance Industries Limited (India), INEOS (United Kingdom), Japan Polypropylene Corporation (Japan) and Evonik (Germany) |
CAGR | 9.5% |
The Global Polypropylene Catalyst market is expected to see growth rate of 9.5% and may see market size of USD2.4 Million by 2028.The Market is currently pegged at USD1.4 Million. The study covers a detailed analysis segmented by key business segments i.e. by type (Ziegler-Natta, Metallocene and Others) , by application (Polypropylene Production and Others) and major geographies. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Polypropylene Catalyst market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Polypropylene Catalyst market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are LyondellBasell Industries Holdings BV (Netherlands), Mitsubishi Chemical Corporation (Japan), Clariant (Switzerland), Sumitomo Chemicals (Japan), Mitsui Chemicals, Inc. (Japan), China Petrochemical Corporation (China), Reliance Industries Limited (India), INEOS (United Kingdom), Japan Polypropylene Corporation (Japan) and Evonik (Germany).
Market Overview:
In 2018, Grace acquired Albemarle’s Polyolefin Catalysts business, which includes custom-manufactured single-site catalysts, metallocenes, activators, and a comprehensive series of highly optimized Ziegler-Natta catalysts for PE production.
REACH- A regulation of the European Union, adopted to improve the protection of human health and the environment from the risks that can be posed by chemicals, while enhancing the competitiveness of the EU chemicals industry.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Phthalate-Free Catalysts
Market Growth Drivers:
Growing Consumer Awareness and Concern over Toxic Materials Coupled With Stricter Government Regulations in the Plastics Industry and Increasing Use of Polypropylene in End-Use Industries such as Automotive and Packaging Owing to High Durability and Higher Impact Resistance
Challenges:
Development of Cost-Effective and Hazard-Free Catalysts
Restraints:
Stringent Governmental Regulations in Developed Countries Regarding the Usage of Phthalate-Based Chemicals and Fluctuating Prices Of Raw Material
Opportunities:
Increasing Focus on Metallocene Catalyst-Based Polypropylene Production to Produce On-Purpose Syndiotactic and Atactic Polypropylene and Growing Investment in Research and Developments Activities such as Phthalate-Free Catalysts
Key highlights of the Global Polypropylene Catalyst market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Polypropylene Catalyst market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Polypropylene Catalyst market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Polypropylene Catalyst Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polypropylene Catalyst market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Polypropylene Catalyst market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Polypropylene Catalyst Manufacturers, Raw Material Suppliers, Chemical Companies, Research Institutes, Partners/Investors, End-Use Industry and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.