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. Key companies in the polypropylene catalyst market include LyondellBasell Industries (The Netherlands), Clariant (Switzerland), Mitsui Chemicals (Japan), W.R. Grace & Co., (US), and China Petrochemical (China).
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The polypropylene catalyst is used for different functions across various end-use industries, such as chemical, automotive, packaging, optical, and medical. Polypropylene catalysts improve PP yield, process efficiency, and resin properties. These catalysts are suitable for all the processes used for the manufacture of PP. PP catalysts are used to reduce activation energy during the polymerization process. This accelerates the reaction rate and enables the reaction to proceed even under mild operating conditions. R&D activities for the development of enhanced polypropylene catalyst and increasing production of polypropylene are driving the market for the polypropylene catalyst.
Major Highlights of Study :
• Ziegler-Natta catalyst type is projected to lead the polypropylene catalyst market during the forecast period.
• Gas phase manufacturing process of the polypropylene catalyst market is projected to grow fastest during the forecast period.
• Polypropylene catalyst market in the Asia Pacific is projected to grow fastest during the forecast period
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.
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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