Polypropylene Catalyst Market – Analysis and Forecast To 2024, Toho Titanium, INEOS AG, Sumitomo Che

Polypropylene is a thermoplastic polymer which is prepared by the polymerization of propylene. Catalyst plays a very important role in the polymerization of propylene to polypropylene. During the manufacturing of polypropylene, catalyst component is used depending upon the process. The global polypropylene catalyst market is registering a good growth in the recent years, owing to the increasing demand of catalyst to produce polypropylene for further use. Polypropylene is used in a wide range of applications such as food packaging, ropes, plastic parts, textiles, laboratory equipment, automotive components, and others.

On the basis of type, the polypropylene catalyst market is segmented into Ziegler-Natta, Metallocene, and others. Of these, Ziegler-Natta is one of the most commonly used catalyst in the production of polypropylene, as it provides very good morphology control during the polymerization process. It provides easy and controlled production of polypropylene, hence are widely accepted and used in the industry. Along with that, it ensures competitive operational cost while maintaining the flexibility in the process to customize polypropylene products for different applications.

Based on manufacturing process, the polypropylene catalyst market is classified into gas phase, bulk process, and others. The gas phase process is anticipated to grow at the highest rate during the forecast period. Gas phase process produces a very high quality polypropylene while ensuring minimal residual polypropylene. At the same time, it does not require the removal of catalyst residues manually. Monomers are similar in both the processes, however in case of gas phase, the polymerization is carried out in propylene gas instead of liquefied propylene. Cost-effectiveness of the process is the major factor driving the gas phase process market growth. 

Propylene prices are highly dependent on the crude oil prices, making it highly volatile, and can also hinder the polypropylene catalyst market growth. Also, the production of propylene is expected to be tighter in the coming years, as very few new projects are commissioned in the recent years, which might not be able to meet the increasing demand of the market. In 2015, the global polypropylene capacity was 72m tonnes per year.

Asia-Pacific is anticipated to register the highest growth during the forecast period in the polypropylene catalyst market, which is mainly derived by the increasing demand from end-user industries which includes automotive, chemical, packaging, optical, and others. Also, the region is attracting foreign investors, owing to the benefits it offers such as low labor cost, easy availability of raw material, rising urban population, and others.

To enhance the market share in the polypropylene catalyst industry, the companies are adopting various strategies such as acquisitions, expansion, supply contracts, and many others. W.R. Grace & Co., Lyondellbasell Industries, Clariant, Lotte Mitsui Chemicals, Japan Polypropylene Corporation, Toho Titanium, INEOS AG, Sumitomo Chemicals, and Süd-Chemie are some of the key players catalyst for the polypropylene production.

Report this Page