According to the latest report by IMARC Group “Polyolefin Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global polyolefin catalyst market size reached US$ 2.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2027, exhibiting a CAGR of 4.97% during 2022-2027.
Polyolefin catalyst is a substance used to increase the rate of chemical reaction while synthesizing simple olefins. It is manufactured in solid and liquid forms by combining monomers via a chemical reaction between catalysts. It is extensively used in packaging trays, tubes, fibers, films, battery cases, household products, medical equipment, and injection molded products.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The growing global population and improving income levels of individuals are positively influencing the demand for household commodities and plastic packaging products. This, in turn, is strengthening the growth of the market. In addition, the increasing utilization of personal protective equipment (PPE) by healthcare professionals to prevent the spread of coronavirus disease (COVID-19) is positively influencing the market. Moreover, governing agencies of numerous countries are implementing stringent regulations to reduce harmful emission levels during the production process. Besides this, the escalating demand for durable and lightweight materials in the automotive industry to manufacture vehicles with enhanced operational efficiency and minimal fuel consumption is offering lucrative growth opportunities to key players.
Breakup by Type:
- Ziegler-Natta Catalyst
- Single Site Catalyst
- Chromium Catalyst
- Others
Breakup by Classification:
- Polypropylene
- Polyethylene
- Others
Breakup by Application:
- Injection Molding
- Blow Molding
- Films
- Fibers
- Others
Breakup by End Use Industry:
- Automobile
- Construction
- Healthcare
- Electronics
- Packaging
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Albemarle Corporation
- Clariant AG
- Honeywell International Inc.
- INEOS Capital Limited
- Japan Polypropylene Corporation (Mitsubishi Chemical Corporation)
- LyondellBasell Industries N.V.
- Mitsui Chemicals Inc
- Nova Chemicals Corporation
- Sinopec Catalyst Co. Ltd. (China Petroleum & Chemical Corporation)
- Toho Titanium Co. Ltd. (JX Nippon Mining & Metals Corporation)
- W. R. Grace
- Company and Zeochem AG.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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