The Global Polyolefin Catalyst Market has been estimated at USD 1312.6 million in 2014 and is projected to reach USD 1767.6 million by 2020, at a CAGR of 5.1% during the forecast period. Polyolefins (polypropylene and polyethylene, PP/PE) products have grown to become an industry with global annual revenues of about $ 300 billion (USD) and an annual installed capacity of about 180 million tons. The current trend suggests that PE and PP's global installed capacity growth is expected to continue at 4%-5% over GDP over the next few years; with Asia being the fastest growing region, the growth in Middle East, North Africa and the Americas is also expected to be fast paced, while Europe and Japan will maintain and/or restructure their current capacity.
Polyolefins are produced using (1) conventional catalysts - Ziegler, Ziegler-Natta, or chrome on silica, (2) more recently developed metallocene or other single-site catalysts, or (3) peroxide initiators in the case of LDPE. The catalyst represents the heart of any reactor system and can significantly change the competitiveness of a process technology. Many licensors have worked in collaboration with others to produce catalyst for process technologies of others as well as their own. In order to ensure a higher likelihood of success some "after-market" catalyst suppliers have entered into joint development agreements to integrate the new catalyst into the process. Polyolefin Catalyst are used in an increasing number of markets - from Automotive & Transportation, Coatings & Additives, Medical, Packaging, Electronics, Building & Construction and others.
This market is driven by a number of factors, such as easy availability of raw material in U.S. & China, and growing demand from packaging & construction industry. However, this market faces certain drawbacks, such as High manufacturing cost and fluctuating prices for precious metals. These factors may act as a roadblock to the growth of the market.
Currently, Asia-Pacific is the largest Polyolefin Catalyst market, acquiring more than 45.3% of the global market. The region has huge installed plant capacities of Polyolefin Catalyst. The market is emerging in various countries like China, South Korea, India, Saudi Arabia, Brazil, etc. due to increasing industrial activity. Also, large number of emerging manufacturers from Asia-Pacific is expected to reduce import dependency and is expected to drive the market in future. China is experiencing the highest Polyolefin Catalyst demand globally, mainly due to increase in its industrial growth.
Some of the major companies dominating this market for its products, services, and continuous product developments are Albemarle, LyondellBasell, Grace, Toho Co. Ltd., Sinopec, Mitsui, Saudi Basic Industries Corporation among others.
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