Global Polypropylene Catalyst Market 2019-2023

The global polypropylene catalyst market size will grow by USD 302.84 million during 2019-2023. This report offers an analysis of the market based on technology (gas phase, bulk phase, and others) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several companies including China Petroleum & Chemical, Clariant, LyondellBasell Industries, Mitsui Chemicals, TOHO TITANIUM, and W.R. Grace & Co.

Below are some of the key findings from the polypropylene catalyst market research report

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Global Polypropylene Catalyst Industry Overview

A key factor driving the growth of the market is the increasing demand for polypropylene. In industries such as construction, packaging, and automotive, the use of lightweight materials will increase the demand for polypropylene. In the food and beverage industry, the demand for lightweight plastic is a key driving factor for the market. Polypropylene is extensively used to manufacture bottle caps, packaging films, plastic bags, and other packaging materials. It is also used in food packaging, sweet and snacks wrappers, hinged caps, and microwave-proof containers for packaging applications.

Rising production of polypropylene is identified as one of the key trends that will gain traction in the market in the coming years. The increasing demand for polypropylene from certain end-user industries has led to capacity expansions over the last five years. The manufacturers of polypropylene are expanding their production capacity and establishing new plants owing to high demand. Significant opportunities have come up for the polypropylene catalyst manufacturers due to the establishment of new production facilities. This also helps end-user industries such as the construction, automotive, and packaging industries. Such factors the market is expected to grow at a CAGR of nearly 6% during the forecast period.

Top polypropylene catalyst companies covered in this market research report

The polypropylene catalyst market is highly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this polypropylene catalyst industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• China Petroleum & Chemical
• Clariant
• LyondellBasell Industries
• Mitsui Chemicals
• TOHO TITANIUM 
• W.R. Grace & Co 

Polypropylene catalyst market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. APAC led the market in 2018 with a market share of nearly 53%. This region is expected to dominate the market through 2023.

Polypropylene catalyst market segmentation based on technology

• Gas phase
• Bulk phase
• Others

The gas phase segment will account for the highest growth in the market. The gas phase segment held the largest market share in 2018, accounting for 51% of the market. This technology segment is expected to dominate the global market throughout the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various technology segments to the growth of the polypropylene catalyst market size.

Key highlights of the global polypropylene catalyst market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the polypropylene catalyst market during the next five years
• Precise estimation of the global polypropylene catalyst market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polypropylene catalyst industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of polypropylene catalyst companies

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