MarketResearch.biz has recently published its market research report titled, “Global Polypropylene Catalyst Market by Catalyst Type, by Manufacturing Process, by End-use Industry, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the global polypropylene catalyst market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at over US$ 7 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Polypropylene or PP is manufactured by using chain-growth polymerization process from monomer propylene. It belongs to polyolefin group and is mostly in partially crystalline form and are non-polar bonds. Polypropylene (PP) catalyst is used in polymerization reaction of propylene to produce polypropylene. Polypropylene catalysis is a stimulating phenomenon which involves polymerization of olefins in presence of transition metal as a catalyst. Polypropylene catalyst is majorly used in a fluidized bed reactor.
Browse the full “Global Polypropylene Catalyst Market By Catalyst Type, By Manufacturing Process, By End-Use Industry, And By Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/polypropylene-catalyst-market/
Global Polypropylene Catalyst Market: Market Dynamics
Growing adoption of polypropylene catalyst for production of polypropylene owing to rising demand and adoption of lightweight PP products and PP-based raw materials in several sectors such as automotive and packaging is among the major factors driving growth of the global polypropylene catalyst market. In addition, increasing adoption of polypropylene catalyst in research laboratories, for the purpose of research and development activities for development of innovative and enhanced PP catalyst is another factor expected to fuel growth of the target market in the near future. Moreover, easy availability of alternative raw materials for PP production is another factor expected to propel growth of the global market over the 10-year forecast year.
However, stringent government regulations against use of phthalate-based catalysts is a major factor that could hamper growth of the global polypropylene catalyst market to some extent.
North America market is expected to account for highest share in terms of revenue. This is attributable to increasing adoption of polypropylene catalyst for production of polypropylene by players operating in North America. The market in Asia Pacific is projected to witness significant growth over the 10-year forecast period, owing to rising demand for polypropylene catalyst from various industry verticals such as chemical, automotive, packaging, optical, and medical. In addition, increasing adoption of polypropylene catalyst, owing to easy availability of raw materials is another factor expected to fuel growth of the target market in the Asia Pacific. Increasing adoption of polypropylene catalyst by construction sector in China, India, and Indonesia is another factor expected to drive growth of the market in this region.
Global Polypropylene Catalyst Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global polypropylene catalyst market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, the global polypropylene catalyst market revenue is projected to register a CAGR of 5.7% over the 10-year forecast period.
Global Polypropylene Catalyst Market: Segmental Snapshot
The market report has been segmented on the basis of catalyst type, manufacturing process, end-use industry, and region. The catalyst type segment includes ziegler-natta catalyst, metallocene catalyst, and other catalyst types. The other catalyst types include single-site catalysts (SSC), mixed di-ether-succinate catalysts, and custom catalysts. The manufacturing process segment includes gas phase, bulk phase, and other manufacturing processes (slurry and hybrid). The end-use industry segment includes chemical, automotive, packaging, and other end-use industries (textiles, etc). The regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Catalyst Type: The ziegler-natta segment is expected to record highest revenue share as compared to other segments, and is projected to register highest CAGR of over 5.6%.
Manufacturing Process: The gas phase segment is expected to record highest revenue share as compared to other segments in the global market, and is projected to register highest CAGR of over 5.9%
End-use Industry: The packaging segment is expected to record highest revenue share in the global market as compared to other industry verticals, and is projected to register highest CAGR of over 5.8%
Region: The Asia Pacific polypropylene catalyst market is expected to account for major revenue share, followed by North America market. In addition, the Asia Pacific market is expected to register highest CAGR of over 5.6% over the next 10 years.
Global Polypropylene Catalyst Market: Competitive Analysis
The global polypropylene catalyst market research report includes profiles of some major players such as Clariant AG, China Petrochemical Corporation or Sinopec Group, Toho Titanium Co. Ltd., Total S.A (Hanwha Total Petrochemicals Co., Ltd.), Mitsubishi Chemical Holdings Corp (Japan Polypropylene Corporation), W.R. Grace and Co. (Grace Catalysts Technologies and Grace Materials Technologies), LyondellBasell Industries Holdings B.V., RAG-Stiftung (Evonik Industries AG), INEOS Group Limited, and Mitsui Chemicals, Inc.
“Global Polypropylene Catalyst Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global polypropylene catalyst market for 2019–2029.
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