Global Polypropylene Catalyst Market Size, Share, Value, And Competitive Landscape - 2022-2031

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Kenneth Research recently added a report on the Global Polypropylene Catalyst market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for Global Polypropylene Catalyst Market products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global Polypropylene Catalyst Market is valued approximately USD 1.16 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.02% over the forecast period 2019-2026. The increasing demand of polypropylene in various applications is resulting in establishment of new polypropylene manufacturing units. According to a report published by Economic Times, in August 2019, GAIL (India) Ltd., is planning to spend Rs 751 crore to add a new polypropylene unit with a production capacity of 60 Kilo Tonne Per Annum (KTPA) at its Pata petrochemical complex in Uttar Pradesh. Further, ExxonMobil announced about its plans to build a new polypropylene production unit at its Baton Rouge petrochemical complex located along the US Gulf Coast in Louisiana. The increase in production of polypropylene is expected to drive the Propylene Catalyst market growth over the forecast period. Also, the increasing research and development activities for developing an improved polypropylene catalyst is expected to fuel the market growth. For instance, in October 2018, Total offered 85% of its polypropylene range in a non-phthalate catalyst version. Moreover, the availability of alternative raw materials for polypropylene production and increase in focus on metallocene catalyst based polypropylene production are the major factor likely to create lucrative growth opportunity to the market in the upcoming years. However, the need for developing cost-effective and hazard-free catalysts with improved properties is a crucial factor anticipated to hinder the growth of global Polypropylene Catalyst market during the forecast period.

The regional analysis of global Polypropylene Catalyst Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the increasing demand from end-use industries including chemical, packaging, optical, medical and automotive. Increasing per capita expenditure on healthcare and food products, significant consumer base, rising urban population, low labor costs, and easy availability of raw materials are attracting international packaging, electronics, and automotive manufacturers to establish production facilities to the region, thus creating high demand for PP in these industries. Apart from this, growth in the construction industry in China, India, and Indonesia is expected to drive the demand for PP in the region, thereby propelling the growth of the polypropylene catalyst market.

Major market player included in this report are:
Lyondellbasell Industries
Clariant
Mitsui Chemicals
W.R. Grace & Co.
China Petrochemical Corporation
Japan Polypropylene Corporation
Toho Titanium
Ineos
Sumitomo Chemicals

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Ziegler-Natta
Metallocene
Others

By Manufacturing Process:
Gas Phase
Bulk Process
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2022 to 2031

Target Audience of the Global Polypropylene Catalyst Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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Myra Fletcher is a research expert and freelance writer. She is very dedicated to her work and writing. She enjoys writing on current news in any industry and concludes the news with a highly professional report. She has almost 8 years of experience in the same field. She has strong professional skills in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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