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Oct 24, 2019 10:00 AM ET

Significant Opportunities in the Polypropylene Catalyst Market

iCrowd Newswire - Oct 24, 2019

According to the new market research report Polypropylene Catalyst Market by Type (Ziegler-Natta, Metallocene), Manufacturing Process (Bulk Process, Gas Phase Process), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Global Forecast to 2027″, Polypropylene Catalyst Market is projected to grow from an estimated USD 1.2 billion in 2019 to USD 1.9 billion by 2027. This growth can be attributed to the increasing demand for the PP catalyst owing to the growth in the production of PP and improvements in PP catalyst technology, which are expected to drive the market.

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The market for PP Catalyst is growing rapidly because of the increasing consumption of PP in the emerging markets of APAC, such as China, India, and South Korea, as well as in countries such as Belgium, Canada, and Saudi Arabia. Construction of new manufacturing facilities or de-bottlenecking of existing plants is expected to be carried out in these countries that will play a major role in propelling the demand for PP Catalyst. Two new PP plants are expected to start in Canada during the forecast period, making Canada the second-largest PP manufacturer in North America.

Phthalates are synthetic chemicals that are used in a variety of consumer products such as medical devices, food wraps, building materials, and packaging and automotive parts. Polypropylene manufactured using phthalate-based catalysts are used in tubes, fittings, packaging materials, automobile parts, and hinges. This use of these catalysts leads to human health concerns. Formaldehyde and acetaldehyde are released during fires and according to International Agency for Research on Cancer (IARC), formaldehyde is classified as human carcinogen and acetaldehyde as a possible human carcinogen. Use of phthalate-based substances may lead to reduced fertility, reproductive toxicity, and testicular toxicity in animals. It may also lead to adverse health effects such as obesity and reduced masculinization in new born boys. Hence, REACH regulates the production of phthalate-based PP Catalyst, which are the basic components of the fourth-generation ZN catalysts. Products containing these chemicals are kept under observation, and many companies are actively focusing on the development of viable alternatives.

Browse and in-depth TOC on “Polypropylene Catalyst Market – Global Forecast to 2027”

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96 – Pages

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The polypropylene catalyst market is projected to grow from an estimated USD 1.09 billion in 2017 to USD 1.46 billion by 2022, at a CAGR of 6.1% from 2017 to 2022. The PP catalyst improves polypropylene yield, process efficiency, and resin properties. These catalysts are suitable for all the processes used for the manufacture of PP. The PP catalyst market is mainly segmented into Ziegler-Natta, metallocene, and others (Single-Site Catalyst (SSC), mixed di-ether-succinate catalyst, and custom catalyst). Increasing demand for the PP catalyst owing to the growth in the production of PP and improvements in PP catalyst technology are expected to drive the market.

Expansions, supply contracts, and acquisitions were the key strategies adopted by leading players to enhance their presence in the PP catalyst market between March 2013 and April 2018. LyondellBasell Industries (The Netherlands), Clariant (Switzerland), Mitsui Chemicals (Japan), W.R. Grace & Co., (US), and China Petrochemical (China) are some of the leading players in the PP catalyst market.

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W.R. Grace and Co. produces and sells specialty chemicals and specialty materials. The company operates through 2 business segments, namely, catalyst technologies and materials technologies. In April 2018, the company acquired Albemarle Polyolefin Catalyst Business (US) for USD 416 million. The acquired business primarily develops and manufactures single-site catalyst and comprehensive series of the highly optimized Ziegler-Natta catalyst for PE production. This strategic acquisition is expected to enhance the company’s position in the PE segment. Apart from this recent acquisition, in July 2014, the company signed an agreement to acquire the assets of the UNIPOL Polypropylene Licensing and Catalyst business of The Dow Chemical Company for USD 500 million.

LyondellBasell is one of the largest plastics, chemicals, and refining companies in the world. The company’s business is segmented into 5 units, namely, olefins & polyolefins-Americas, olefins & Polyolefins-Europe, Asia & International, intermediates & derivatives, refining, and technology. In September 2017, the company started its 3rd PP compounding plant in Dalian, China, having a capacity of 20 kilotons per year. This plant has helped the company meet the growing demand from the automotive industry. In April 2016 the company acquired Zylog Plastalloys’ (India) PP manufacturing operations in Sinnar, Maharashtra and Chennai, Tamil Nadu. The company became the third-largest producer of PP compounds in India after this acquisition.

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Keywords:    Polypropylene Catalyst Market, Polypropylene Catalyst

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