Polyolefin Catalyst Market Size, Share & Industry Analysis, By Classification (Polypropylene, Polyethylene), By Catalyst (Ziegler-Natta, Single Site Catalyst, Chromium, Other), By Application (Blow Molding, Film, Fiber, Injection Molding, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Polyolefin is type of polymer generally produced from alkene monomer. Most of the polyolefins are industrially synthesized on large scale. There are 4 types of polyolefin catalyst namely Ziegler-Natta catalyst, chromium based catalyst, metallocene single site catalyst and post metallocene SSC. Increasing adoption of polyolefin by food packaging industries is one of the prime reason driving demand for polyolefin catalysts.
There has been significant rise in demand for consumer goods since last decade attributed to the rapidly increasing population. Increase in demand for plastic films, goods, and plastic packaging products is primarily driving the market. Additionally, technological development in the fluid catalytic cracking unit which is increasing the polyolefin production shall positively impact market growth.
However, price of raw materials used to synthesize the polyolefin catalyst like are volatile which is responsible for high cost of the product. This is expected to hinder market growth.
Key Market Driver -
Increasing demand for consumer goods.
Key Market Restraint -
Volatility in raw material prices.
Market Segmentation:
Based on classification, market is segmented into polypropylene and polyethylene. Based on catalyst the market is segmented into Ziegler-Natta, Single site catalyst, chromium, and others. Based on, application, market is segmented into blow molding, film, fiber, injection molding and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global polyolefin catalyst market consists of global & regional players operating. Some of the key players in the market include W. R. Grace & Co, China Petrochemical Corporation, Albemarle Corporation, Clariant AG, Evonik Industries AG, Akzo Nobel , Lyondellbasell Industries Holdings B.V, Ineos Technologies Limited, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Polyolefin Catalyst Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2018. Presence of large manufacturing base for polymers, and polyolefin catalysts in China and India is prime factor driving market. North America is expected to hold significant share attributed to increasing demand for polyolefin from packaging sector. Europe is anticipated to show significant growth owing to the well-established automotive sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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Segmentation
ATTRIBUTE | DETAILS |
By Classification |
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By Catalyst |
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By Application |
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By Geography |
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Polyolefin Catalyst Industry Developments
- In August 2020, Evonik Industries, a Germany based chemical company announced the decision of buying Porocel to accelerate its growth in catalyst business.
- In April 2018, W. R Grace and Co. completed its acquisition with Albemarle polyolefin Catalyst business worth $416 million.
- Ongoing
- 2023
- 2019-2022
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