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Global Polyolefin Catalyst Market to Reach US$ 3.2 Billion by 2027, Impelled by Rising Demand from Healthcare Industry

Published on Jul 07, 2022

According to the latest report by IMARC Group, titled "Polyolefin Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global polyolefin catalyst market reached a value of US$ 2.4 Billion in 2021. Polyolefin refers to a macromolecule that is produced by the polymerization of olefin. It is mainly utilized as a catalyst for enhancing the rate of chemical reactions in several industrial processes. Due to its molecular properties, including impact strength and resistance to degradation, it is widely adopted in the manufacturing of multiple consumer plastic products. Besides this, it is easy to fabricate, has a lower density, and possesses excellent design flexibility with recyclable nature. Consequently, there has been a considerable increase in product adoption in the production of battery cases and medical devices.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Polyolefin Catalyst Market Trends:

The global market is primarily driven by the rising product demand from the healthcare industry. This is supported by the increasing utilization of polyolefin catalyst in the manufacturing of personal protective equipment (PPE) that is widely used by healthcare professionals. In line with this, the rapid outbreak of coronavirus disease (COVID-19) has led to the growing demand for personal protective equipment (PPE) across the globe, which is providing a boost to the market. Moreover, a considerable rise in film extrusion processes, coupled with the continual advancements in film extrusion technology, is impacting the market growth favorably. Additionally, the escalating demand for lightweight and durable materials in the production of automobiles is creating a positive market outlook. Furthermore, continuous developments in the packaging industry have resulted in the augmenting adoption of polyolefin catalysts on the global level. Other factors, including rapid industrialization, continuous product innovations, significant growth in the chemical industry and extensive research and development (R&D) activities conducted by key players, are also influencing the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 3.2 Billion by 2027, exhibiting a CAGR of 4.97% during 2022-2027.

Market Summary: 

  • On the basis of the payload, the market has been segmented into Ziegler-Natta, single site, chromium and other catalysts.
  • Based on the classification, the market has been classified into polypropylene, polyethylene and others.
  • On the basis of the application, the market has been segregated into Injection molding, blow molding, films, fibers and others.
  • Based on the end-use industry, the market has been categorized into automobile, construction, healthcare, electronics, packaging and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Albemarle Corporation, Clariant AG, Honeywell International Inc., INEOS Capital Limited, Japan Polypropylene Corporation (Mitsubishi Chemical Corporation), LyondellBasell Industries N.V., Mitsui Chemicals Inc., Nova Chemicals Corporation, Sinopec Catalyst Co. Ltd. (China Petroleum & Chemical Corporation), Toho Titanium Co. Ltd. (JX Nippon Mining & Metals Corporation), W. R. Grace and Company, and Zeochem AG.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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