Market Overview
Increased production of polypropylene is considered one of the primary trends gaining traction in the global market. The soaring demand for polypropylene from various end user industries has resulted in capacity expansion over the past few years. Manufacturers are expanding their production capacity and establishing new plants due to high demand. Such factors are likely to spur the market growth in the long run.
The global polypropylene catalyst market has witnessed a tectonic surge over the past few years, mainly due to the soaring demand for polymeric products in several industries. The increased requirement for high-performance, lightweight, and durable plastics in the automotive, appliances, and packaging industries are likely to encourage the growth of polypropylene catalyst market across the globe. Polypropylene is extensively required in home furnishings like upholstery and indoor-outdoor carpets, which is expected to contribute to the market growth in the foreseeable future. The booming automotive industry in emerging nations is predicted to augment the market growth.
The global polypropylene catalyst market is anticipated to garner a healthy CAGR during the forecast period (2016-2023), Market Research Future (MRFR) unveils in a detailed report.
On the contrary, the fluctuating price of polypropylene catalyst is predicted to restrict the market growth in the coming years. Moreover, strict mandates against the use of phthalate-based polypropylene catalysts, especially in developed regions, are likely to restrain the market growth.
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Competitive Analysis:
Leading players in the global polypropylene catalyst market include LyondellBasell Industries Holdings BV, Mitsui Chemicals Inc., Japan Polypropylene Corporation, Reliance Industries Limited, Univation Technologies LLC, W. R. Grace & Co., SABIC, Mitsubishi Chemical Corporation, China Petrochemical Corporation, and Clariant.
Industry Updates:
In April 2019, Ube Industries Ltd. announced its acquisition of Repol SL, a Spanish manufacturer of various resins and polymer compounds. This includes the latter’s polypropylene manufacturing services.
In October 2016, Clariant opened its new polypropylene catalyst production plant in Louisville, KY. The plant is the company’s largest in the U.S.
Global Polypropylene Catalyst Market: Segmental Analysis
The global polypropylene catalyst market has been segmented on the basis of manufacturing process, application, product type, and end use industry.
By Product Type, the polypropylene catalyst market is segmented into metallocene catalyst, Ziegler-Natta catalyst, and others. Of these, the Ziegler-Natta catalyst is the most commonly used type for manufacturing polypropylene. This type offers excellent morphology control during polymerization and has been proven in polypropylene production lines, including gas phase and major bulk process. This catalyst type has stimulated the polypropylene industry by allowing easily controlled and inexpensive production of polypropylene.
By Manufacturing Process, the polypropylene catalyst market is segmented into gas-phase process, bulk process, and others. Of these, the gas-phase process is likely to gain prominence. Gas phase process is a similar process to bulk process. As this process produces high-quality polypropylene with minimal residue, it is highly preferred. Moreover, high isotactic and cost-effectiveness of polypropylene molecule are fueling the market for the gas-phase process.
By Application, the market is segmented into fibers, films, injection-molded products, tubes, and others.
By End Use Industry, the market is segmented into packaging, automotive, chemicals, medical, and others.
Regional Analysis:
North America is the major regional Polypropylene Catalysts Market and is likely to retain the position through the forecast period due to the growing demand for plastic items in households as well as commercial and industrial complexes. The growing automotive industry in North America and the growing government support to the development of electric vehicles in the region is also likely to be a major driver for the polypropylene catalyst market in the region over the forecast period. The presence of several leading global industry giants in the region also bodes well for the North America regional market for polypropylene catalysts.
Europe is also a major regional polypropylene catalyst market due to the presence of several leading players in Central European countries such as France, Germany, and Switzerland. However, the increasingly stringent bans on phthalates in North America and Europe could hamper the growth prospects of the polypropylene catalyst market in both regions over the forecast period.
Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
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