Polypropylene Catalyst Market Growth Analysis | 2022-2028

"Polypropylene Catalyst Market is likely to grow from USD 1.73 billion in 2021 to USD 3.32 billion by 2028 at an impressive CAGR of 9.65% during the forecast period of 2022-2028".

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Market Dynamics

Introduction

Polypropylene is a synthetic resin built up by the polymerization of propylene and one of the important families of polyolefin resins. The polypropylene catalyst market is likely to witness a notable amount of growth in the year forecasted. Globally, the market growth is accredited to the surge in the demand for polypropylene catalysts, owing to an increase in production and uses in various end-use industries including automotive, packaging, etc. in emerging markets such as China, India, and South Korea, as well as in countries such as Belgium, Canada, and Saudi Arabia.

Market Drivers

The prime factor contributing to robust demand for polypropylene catalyst is mainly due to various end-use industries. The widespread application of these catalysts in chemical, automotive, packaging, optical and media is underpinning the growth of the market.

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Segment Analysis

By Catalyst Type

"Ziegler-Natta segment held the larger share of the market, in terms of volume in 2021"

Based on the catalyst type, the market is segmented as Ziegler-Natta, and Metallocene. The Ziegler-Natta segment held the larger share of the market, in terms of volume, in 2021 and is expected to remain dominant during the forecast period. The wide use of packaging, agriculture, and construction industries is driving the growth of this segment. This catalyst impacts the yield, molecular weight distribution, selectivity, oligomer, and content of the manufactured polypropylene.

By Manufacturing Process Type

"Gas phase process segment dominates the market during the forecast period"

Based on the manufacturing process type, the polypropylene catalyst market is segmented as a bulk process and a gas phase process. The gas phase process segment dominates the market, as the catalyst produced through this process is of high quality with the least residual polypropylene. Also, as this process does not require removing the residuals manually, it is likely to offer promising growth opportunities over the forecast period.

By Region

"Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period"

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing polypropylene catalyst market during the forecast period, with developing countries such as China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as chemical, automotive, packaging, optical, and medical, which is generating robust demand for polypropylene and the presence of a large number of polypropylene manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period. 

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Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. The polypropylene catalyst market is segmented into the following categories. 

By Catalyst Type:

• Ziegler-Natta
• Metallocene

By Manufacturing Process Type:

• Bulk Process
• Gas Phase Process

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

The following are the key players in the Polypropylene Catalyst Market(arranged alphabetically)

• China Petrochemical
• Clariant AG
• Evonik Industries AG
• LyondellBasell Industries
• Mitsui Chemicals
• W.R. Grace & Co.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the lithium-ion battery market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the catalyst types by manufacturing process type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.