Polypropylene Catalyst Market to Expand with Significant CAGR During 2025
The
global polypropylene catalyst market was valued at around US$ 1 Bn in
2017 and is anticipated to expand at a CAGR of more than 4% from 2018
to 2026, according to a new report by Transparency Market Research
(TMR) titled ‘Polypropylene Catalyst Market: Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’
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Rise
in Requirement for Specialty Grades of Polypropylene
Polypropylene
catalyst has the ability to help in obtaining different
configurations of polypropylene. Various important parameters
controlled by polypropylene catalyst include c-monomer distribution,
stereo-specificity, degree of linearity, etc. Leading companies
operating in end-user industries of the polypropylene catalyst market
value chain depend on specialty grades which are sometimes further
enhanced to suit their requirements. High-grade polypropylene is
required in polypropylene thermoplastic composites which are used in
automotive interior parts including trim, main, and auxiliary
instrument panels and door panels and columns. The requirement for
high-grade polypropylene provides immense opportunities to
manufacturers of polypropylene catalysts to supply a product that
provides polypropylene with improved toughness, thickness, and other
essential characteristics.
Difficulties
faced by Polypropylene Producers in adopting the New Catalyst
anticipated to hinder Market
Polypropylene
catalyst plays a key role in defining properties of produced
polypropylene. The requirement for polypropylene properties changes
in accordance with the end-use. The series of developments observed
in the polypropylene catalyst market is very interesting from the
research perspective; however, from the cost perspective, these
developments have made it difficult for commercial producers of
polypropylene to change their catalyst. Though polypropylene
producers are not required to make changes in their automation,
machines need to be cleaned and reconfigured every time when a new
type of catalyst comes in picture. This may take several days. The
downtime may cause loss of productivity and increase in the cost of
reconfiguration. The new catalyst has to be tested by the
polypropylene producer for cost calculation and needs to be checked
for properties defined by the consumer for the specific polypropylene
required.
Ziegler–Natta
catalyst is the most widely used polypropylene catalyst, which
polymerizes propylene into polypropylene in a fluidized bed reactor.
The demand for Ziegler–Natta catalyst is expected to increase
during the forecast period, due to its lower cost compared to
metallocene catalyst. Manufacturers such as Clariant have developed
Ziegler–Natta catalysts that demonstrate improved technical and
commercial features.
Dominance
of the gas phase process segment in the global polypropylene catalyst
market can be ascribed to effectiveness of the gas phase process in
terms of supply of monomers and removal of reaction heat. Also, the
gas phase process eliminates the need to remove or replace the
catalyst after every reaction. However, use of the bulk phase process
yields the catalyst in high amounts.
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Injection-molded
Products held a Major Share of the Global Polypropylene Catalyst
Market
Among
applications, the injection-molded products segment dominated the
global polypropylene catalyst market and is expected to continue its
dominance in the next few years. The rising consumption of
injection-molded products is attributable to high demand from
automotive and transportation industries. Also, the rising demand for
composites, which significantly use polypropylene as a base material,
is projected to boost the polypropylene catalyst market during the
forecast period.
Asia
Pacific held a Major Share in 2017
Asia
Pacific dominated the global polypropylene catalyst market in 2017,
owing to high demand for polypropylene catalyst in the region. This
is because Asia Pacific is a major manufacturer of polypropylene
across the globe. Major manufacturers of polypropylene catalyst such
as LyondellBasell Industries Holdings B.V. and Mitsui Chemicals, Inc.
operate their polypropylene catalyst manufacturing facilities in Asia
Pacific. In countries such as South Korea, manufacturers of
polypropylene catalyst are expanding their manufacturing facilities,
due to increased demand for polypropylene from automobile and home
appliance applications. The volatility in prices of crude oil has
reflected in the production of polypropylene and polypropylene
catalyst in the last few years. Furthermore, consumption of
polypropylene catalyst in GCC is likely to increase in the near
future, due to increase in the polypropylene production by three
major companies in Middle East & Africa: Borouge, Sadara Chemical
Company, and Oman Oil Refineries & Petroleum Industries Company
(ORPIC).
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Consolidated
Nature of Polypropylene Catalyst Market with Top Two Players
accounting for more than 60% Share
The
global polypropylene catalyst market is consolidated, as the top two
manufacturers accounted for more than 70% share of the global market
in 2017. Key manufacturers operating in the global polypropylene
catalyst market are W. R. Grace & Co.-Conn, INEOS, Mitsui
Chemicals, Inc., Sinopec Corp., and Reliance Industries Limited.
Acquisition of regional manufacturers, expansion of existing
production sites, exploring new regional markets, and addition of
sales and distribution channels are a few major strategies adopted by
manufacturers operating in the market.
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