Oct 3, 2018   SOURCE: BusinessWire

Polypropylene Catalysts: The Global Market was Valued at $1.09 Billion in 2017, and is Projected to Reach $1.46 Billion by 2022 - ResearchAndMarkets.com

The "Polypropylene Catalyst Market by Type (Ziegler-Natta, Metallocene), Manufacturing Process (Bulk Process, Gas Phase Process), Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The polypropylene catalyst market is projected 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.

Key players in the polypropylene catalyst market include LyondellBasell Industries (The Netherlands), Clariant (Switzerland), Mitsui Chemicals (Japan), W.R. Grace & Co., (US), and China Petrochemical (China). These companies have adopted various strategies, such as expansions, supply contracts, and acquisitions to enhance their market shares and expand their distribution networks across the globe.

The companies majorly engage in expansions to further increase their market shares. For instance, in September 2017, LyondellBasell started its 3rd PP compounding plant in Dalian, China, having a capacity of 20 kilotons per year. The establishment of this plant has helped the company in meeting the growing demand from the automotive industry.

The polypropylene catalyst market is segmented by type, manufacturing process, and region:

  • By type, the Ziegler-Natta catalyst is projected to lead the polypropylene catalyst market during the forecast period, in terms of volume.
  • By manufacturing process, the gas phase manufacturing process is projected to grow at the highest CAGR between 2017 and 2022.
  • By region, the polypropylene catalyst market in the Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022.

Market Dynamics

Drivers

  • R&D Activities for Developing Improved PP Catalyst
  • Increasing Production of Polypropylene
Restraints
  • Regulations Against Phthalate-Based Catalysts in Developed Economies
Opportunities
  • Increasing Focus on Metallocene Catalyst-Based PP Production
  • Availability of Alternative Raw Materials for PP Production
Challenges
  • Development of Cost-Effective and Hazard-Free Catalysts With Improved Properties

Companies Profiled

  • China Petrochemical Corporation
  • Clariant
  • Ineos
  • Japan Polypropylene Corporation
  • Lyondellbasell Industries
  • Mitsui Chemicals
  • Sumitomo Chemicals
  • Toho Titanium
  • W.R. Grace & Co.

For more information about this report visit https://www.researchandmarkets.com/research/6gv4fd/polypropylene?w=4