New York, NY, Oct. 10, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Polypropylene Catalyst Market by Type (Ziegler-Natta Catalyst, Metallocene Catalyst, and Others), by Process (Gas Phase, Bulk Phase, and Others) and by Application (Films, Fibers, Tubes, Injection-molded Products, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global polypropylene catalyst market was valued at USD 1.07 billion in 2017, is expected to reach USD 1.61 billion in 2024 and is anticipated to grow at a CAGR of 6.0% between 2018 and 2024.
Polypropylene is used extensively in various end-user industries. Polypropylene is produced by the reaction known as polymerization by using polypropylene catalyst. This polypropylene is widely used in the packaging and labeling industry. There are various types of polypropylene catalysts such as Ziegler-Natta catalyst, the metallocene catalyst, and others. Amongst these catalysts, Ziegler-Natta catalyst is widely used catalyst due to its versatility.
Browse through 105 Tables & 41 Figures spread over 110 Pages and in-depth TOC on “Global Polypropylene Catalyst Market Share 2017: Industry Size, Trends, Segments, Analysis and Forecast to 2024”.
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The polypropylene catalyst market is projected to grow at the fastest pace in the forecast period, owing to the increasing demand for polymeric products in several industries across the world. Moreover, increasing requirement for lightweight, high-performance, durable plastics in appliances, automotive, and packaging industries is estimated to boost the demand for the polypropylene catalyst market in the forecast period. Rising demand for polypropylene in home furnishings such as indoor-outdoor carpets and upholstery is expected to propel the demand for the polypropylene catalyst market. However, fluctuating prices of polypropylene catalyst may hamper the polypropylene catalyst market growth in the future. Nevertheless, the growing automotive industry in emerging countries is expected to increase the usage of polypropylene.
The global polypropylene catalyst market can be segmented on the basis of type, process, application, and regions. On the basis of type, the global polypropylene catalyst market is classified into Ziegler-Natta catalyst, the metallocene catalyst, and others. In 2016, the Ziegler-Natta catalyst segment of polypropylene catalyst market accounted for the highest market share. Due to its versatile properties like lightweight and high durability, polypropylene is widely used in a varied range of application. The Ziegler-Natta catalyst is an inexpensive and controlled production of polypropylene, which, in turn, is projected to spur the polypropylene catalyst market in future. Metallocene catalyst is expected to grow gradually due to the high price as compared to a Ziegler-Natta catalyst. Based on application, the polypropylene catalyst market is segregated into fibers, tubes, films, injection-molded products, and others. Increasing demand for polypropylene fiber in home furnishing and in automotive is expected to boost the demand for polypropylene. Therefore, this, in turn, is estimated to escalate the demand for polypropylene catalyst market in the upcoming years. Growing usage of injection-molded products across the globe is expected to witness considerable growth in the forecast period.
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The Asia Pacific region accounted for the huge share for the global polypropylene catalyst market. Surging demand for polypropylene in the automotive industry is expected to drive the demand for polypropylene catalyst market. Increasing demand for polypropylene based injected molded products is projected to boost the demand for polypropylene catalyst market in the upcoming years. Polypropylene is widely used in the packaging industry, this, in turn, is estimated to propel the demand for polypropylene catalyst. Additionally, several major manufacturers of polypropylene catalyst have manufacturing plants in the Asia Pacific. Thus, this is likely to fuel the polypropylene catalyst market within the region.
Rising industrialization and urbanization in Latin America is projected to increase the demand for polypropylene in the upcoming years. Besides, the growing application of polypropylene in the automotive sectors to produce several automotive parts is estimated to grow the demand for polypropylene catalyst in the near future.
Browse the full "Polypropylene Catalyst Market by Type (Ziegler-Natta Catalyst, Metallocene Catalyst, and Others), by Process (Gas Phase, Bulk Phase, and Others) and by Application (Films, Fibers, Tubes, Injection-molded Products, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/polypropylene-catalyst-market
North America and Europe are expected to grow substantially in the upcoming years. North America is expected to grow during the forecast period owing to the increasing demand from the packaging industry. Growing packaging industry and increasing demand for home appliances is estimated to escalate the demand for polypropylene catalyst market. Moreover, increasing research & development and advancements in the catalyst is anticipated to boost the market growth. Furthermore, Europe polypropylene catalyst market is anticipated to grow significantly in the future. Additionally, the manufacturers of polypropylene are expanding their manufacturing plants. For instance, SABIC launched its pilot plant for the next-generation polypropylene development in Sittard-Geleen, the Netherlands. Thus, this is likely to enhance the requirement of polypropylene catalyst. However, the increasing cost of the product due to research & development and advancement is likely to hamper the market in the upcoming years. But, opportunities arising from growing applications of polypropylene in automotive sectors are expected to fuel the polypropylene catalyst market in the forecast period.
The Middle East & Africa is projected to sustain its growth in the upcoming years due to the rising industrialization in the region. In addition, increasing demand for propylene in several end-user industries is anticipated to escalate the market growth. Growing demand for plastic home appliance and consumers goods are expected to increase the consumption of polypropylene, thereby, propelling the polypropylene catalyst market growth.
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The polypropylene catalyst market consists of a large number of players and is highly fragmented. Companies involved in this market are AkzoNobel N.V., Mitsui Chemicals, W.R. Grace Chemicals, Sinopec, Albemarle, Lyondell Basel, Univation Inc., and BASF SE, among others.
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The report segments the global polypropylene catalyst market as:
Global Polypropylene Catalyst Market: Type Analysis
- Ziegler-Natta Catalyst
- Metallocene Catalyst
- Others
Global Polypropylene Catalyst Market: Process Analysis
- Gas Phase
- Bulk Phase
- Others
Global Polypropylene Catalyst Market: Application Analysis
- Films
- Fibers
- Tubes
- Injection-molded Products
- Others
Global Polypropylene Catalyst Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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