The Global Polyolefin Catalyst Market has been estimated at USD 1379.54 million in 2015 and is projected to reach USD 1777.5 million by 2020, at a CAGR of 5.2% during the forecast period. Polyolefins (polypropylene and polyethylene, PP/PE) products have grown to become an industry with global annual revenues of about USD 300 billion and an annual installed capacity of about 180 million tons.
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The current trend suggests that PE and PP's global installed capacity growth is expected to continue at 4%-5% over GDP over the next few years; with Asia being the fastest growing region, the growth in Middle East, North Africa and the Americas is also expected to be fast paced, while Europe and Japan will maintain and/or restructure their current capacity.
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Polyolefins are majorly produced by using three methods: conventional catalysts - Ziegler, Ziegler-Natta, or chrome on silica; metallocene or other single-site catalysts; or peroxide initiator. The catalyst represents the main part of any reactor system and can significantly change the competitiveness of a process technology.
In order to ensure a higher likelihood of success few after-market catalyst suppliers have entered into joint development agreements to integrate the new catalyst into the process.
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Polyolefin Catalyst are used in large number of markets from Automotive & Transportation, Coatings & Additives, Medical, Packaging, Electronics, Building & Construction among others.
This market is driven by a number of factors, such as easy availability of raw material in U.S. & China, and growing demand from packaging & construction industry.
However, this market faces certain drawbacks, such as High manufacturing cost and fluctuating prices for precious metals. These factors may act as a roadblock to the growth of the market.
Currently, Asia-Pacific is the largest Polyolefin Catalyst market, acquiring more than 45.3% of the global market. The region has huge installed plant capacities of Polyolefin Catalyst.
The market is emerging in various countries like China, South Korea, India, Saudi Arabia, Brazil,. due to increasing industrial activity.
Also, large number of emerging manufacturers from Asia-Pacific is expected to reduce import dependency and is expected to drive the market in future. China is experiencing the highest Polyolefin Catalyst demand globally, mainly due to increase in its industrial growth.
Some of the major companies dominating this market for its products, services, and continuous product developments are Albemarle, LyondellBasell, Grace, Toho Co. Ltd., Sinopec, Mitsui, Saudi Basic Industries Corporation among others.
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Key Deliverables in the Study
Market analysis for the Global Polyolefin Catalyst Market , with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global Polyolefin Catalyst market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped
Key questions answered in the report
- What will the market size and the growth rate be in 2022?
- What are the key factors driving this report?
- What are the key market trends impacting the growth of this report?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in this report?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of this report?
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