The global Polymerization Catalysts Market is projected to grow from $3.1 billion to $6.51 billion, at a CAGR of 4.3% in terms of revenue during the forecast period.
Radical polymerization has historically been used to polymerize -olefins. The technique's drawback was the production of unwanted allylic radicals, which resulted in the branched polymers. Propene, for instance, produced branching polymers with a wide molecular weight range when it was radically polymerized. Furthermore, stereochemistry was not under the control of radical polymerization. These issues are solved with the ZN catalyst. A linear -olefin polymer with a high and controllable molecular weight can be produced using the catalyst. Moreover, it enables the creation of polymers with particular tacticity. It is possible to produce syndiotactic or isotactic polymers by regulating the stereochemistry of products.
To create different commercial polymers like polyethylene, polypropylene, and polybutene-1, they catalyze -olefins. According to reports, the two most frequently used synthetic polymers worldwide are polyethylene and polypropylene. High-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and ultra-high molecular weight polyethylene are the three main classes of polyethylene produced by ZN catalysts (UHMWPE).
Market Dynamics:
Drivers:
The worldwide polymerization catalyst market is primarily being driven by rising polymer resin manufacturing. For instance, in Guangdong, China, Sinopec Maoming Petrochemical restarted its XX mt/year polyolefin unit in August 2020. Likewise, Lotte Chemical Titan Holding Bhd opened its third polypropylene facility (PP3) in Pasir Gudang in October 2020, bringing the total capacity for polypropylene production to XX kilo metric tonnes per year (KTA).
Restraints:
Due to their toxicity, phthalate-based catalysts are subject to strict regulations, which is expected to slow the Polymerization Catalysts Market's expansion. For instance, phthalate catalysts have been classified as potential carcinogens by the US Environmental Protection Agency and the European Union's REACH (Registration, Evaluation, Authorization and Restriction of Chemicals).
Opportunities:
Over the projection period, it is anticipated that ongoing technical improvement in the field of polymerization catalysts will create considerable growth prospects. For instance, a brand-new polymerization catalyst called a redox-active olefin polymerization catalyst has been discovered in recent years. It is employed to achieve catalyst modulation, which aids in preserving and regulating the degree of monomer polymerization while producing different types of polymers with varying thermal and mechanical properties.
Key Players:
-
LyondellBasell Industries Holdings BV
-
W R Grace & Co.
-
Mitsui Chemicals Inc.
-
China Petrochemical Corporation (Sinopec)
-
Univation Technologies, LLC
-
Company Overview
-
Financial Overview
-
Product Portfolio
-
Business Strategy
-
Recent Developments
-
Development Footprint
-
BASF SE
-
Nova Chemicals Corporation
-
Bayer
-
Kbr Inc.
-
Clariant International Ltd.
-
UOP LLC
Market Segmentation:
Polymerization Catalysts Market, By Classification
-
-
Polyolefin Catalysts
-
Condensation Polymer Catalysts
-
Thermosetting Polymer Catalysts
-
Additional Polymer Catalysts
-
Polymerization Catalysts Market, By Catalyst
-
-
Zeigler-Natta
-
Single-site
-
Chromium
-
Peroxide
-
Other Catalysts
-
Polymerization Catalysts Market, By Region Type
-
-
North America
-
Europe
-
Asia-Pacific
-
LAMEA
-
Regional Analysis:
Due to the rising consumption of polyolefins in nations like China and India, the Asia-Pacific region is predicted to enjoy strong growth in the polymerization catalysts market. A lot of polyolefins, including polyethylene and polypropylene, are employed in the manufacture of these goods. As a result, China has emerged as a key center for the production and export of plastic goods. China is a significant global producer and user of polyolefin. Also, India intends to build 18 plastic parks, and the government may spend up to USD XX million on boosting local plastic production in the next years.
At the same time, North America is anticipated to experience considerable growth during the projection period as a result of key regional companies' rising focus on boosting the region's polymer production capacity. It is considered the fastest-growing region in this Polymerization Catalysts Market.
Scope of the report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
YoY growth (%) |
XX% |
Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
Current Market size |
USD 3.1 Billion |
Forecast market growth |
USD 6.51 Billion |
User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
Avail 25% Discount
Report Benefits
-
Free Customization Available
-
30% discount on your next purchase
-
Dedicated account manager
-
Query resolution within 24 hours
-
Permission to print the report