The polypropylene catalyst market is projected to grow at a CAGR of 6.1% from 2017 to 2022
The polypropylene catalyst market is expected to grow from an estimated USD 1.09 billion in 2017 to USD 1.46 billion by 2022, at a CAGR of 6.1% from 2017 to 2022. The increasing demand for the polypropylene catalyst across various end-use industries, including chemical, automotive, packaging, optical, and medical is expected to drive the growth of the polypropylene catalyst market across the globe. Some factors, such as R&D activities for the development of enhanced polypropylene catalyst and increasing production of polypropylene are driving demand. Regulations against phthalate-based catalysts in developed economies are expected to restrain the market demand for PP catalysts.
Metallocene catalyst segment is projected to grow at the highest CAGR during the forecast period 2017 to 2022
The metallocene catalyst type is projected to grow at the highest CAGR between 2017 and 2022. Metallocenes are organometallic compounds with a sandwich-like spatial arrangement, consisting of a transition metal (iron, titanium, and zirconium) between two cyclic organic compounds. The growth of the metallocene catalyst segment is attributed to their efficiency and ability to produce larger amounts of PP. This factor is leading to increasing investments in R&D for these catalysts by many major companies.
The polypropylene catalyst market in the APAC is projected to grow at the highest CAGR during the forecast period 2017 to 2022
The polypropylene catalyst market in the Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. The increasing demand for PP catalysts from various end-use industries, including chemical, automotive, packaging, optical, and medical in the region is fueling the growth of the PP catalyst market. In addition, increasing per capita expenditure on healthcare and food products, significant consumer base, rising urban population, low labor costs, and easy availability of raw materials are attracting international packaging, electronics, and automotive manufacturers to establish production facilities in the region, thus creating high demand for PP from these industries and hence driving the market for the PP catalyst in the APAC.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments.
The break-up of primary interviews is given below.
- By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
- By Designation: C Level – 50%, Director Level – 25%, and Others – 25%
- By Region: North America – 60%, Europe – 20%, Asia Pacific – 10%, South America – 5%, and the Middle East & Africa – 5%
The companies profiled in this market research report are LyondellBasell Industries (The Netherlands), Clariant (Switzerland), Mitsui Chemicals (Japan), W.R. Grace & Co., (US), and China Petrochemical (China).
This research report has categorized the polypropylene catalyst market on the basis of type, manufacturing process, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market. A detailed analysis of key players was undertaken to provide insights on their business overviews, products & services offered, and key strategies, such as new expansions, supply contracts, and acquisitions adopted by them to strengthen their positions in the polypropylene catalyst market.
Reasons To Buy the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
- This report comprehensively segments the polypropylene catalyst market and provides the closest approximations of the market sizes for the overall market and its subsegments across different regions.
- The report is expected to help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
- This report is also expected to help stakeholders understand major competitors in the market and gain insights to enhance their competitive positions in the market.