Polypropylene Catalyst market growth and key manufacturers analysis

Press release   •   Mar 30, 2018 03:42 EDT

The report, Polypropylene Catalyst Market by Type (Ziegler Natta, and Metallocene), by Catalyst Manufacturing Process (Bulk Slurry and Gas Phase) - Global trends & forecast to 2020” defines and segmentsthe polypropylene catalyst market with an analysis and forecast for types, and applications by volume as well as value.

The Global Polypropylene Catalyst market is anticipated to grow at a healthy CAGR of 4%-5% from 2015 to 2020 in terms of volume. This growth is majorly driven by the metallocene catalysts markets which are increasingly being preferred over Ziegler-Natta systems for the manufacture of high grade polypropylene and other elastomers.

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Polypropylene catalysts is used to reduce the activation energy for the polymerization process thereby accelerating rate of the reaction and allowing it to proceed even under mild conditions. As a key material, polypropylene has been extensively used in different fields including packaging, automotive, optical, and medical sectors among others. Polypropylene manufacture is a billion-dollar business, which has seen about 5% annual growth rate in consumption in recent years.

The global polypropylene catalyst market is mainly driven by increasing demand for polypropylene based plastics in various end-user industries such as chemical, automotive, packaging, optical and medical among others. Although the majority of the polypropylene demand (almost 80%) is handled by Ziegler Natta catalysts, polypropylene manufactured through metallocene catalysts have seen a steady increase in demand over the last few years owing to specific requirements in plastic demand. Hence the market for these particular type of catalyst are anticipated to have significant growth in the coming five years.

Top Key player involved in this research are AkzoNobel N.V (The Netherlands), BASF SE (Germany), Lyondell Basell (The Netherlands), Univation Inc. (U.S.), W.R.Grace Chemicals(U.S.), Sinopec (China), Mitsui Chemicals (Japan) and Albemarle (U.S.)

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