Polyolefin Catalyst Market Share Industry Size Report 2024 | Key players are AkzoNobel, LyondellBasell, BASF, Univation, Toho, Univation Technology, Sinopec, W.R. Grace Chemicals, Albemarle and Mitsui Chemicals

Asia Pacific, led by China contributes substantially in polyolefin catalyst market owing to presence of huge capacity plants. China has more than twenty propylene producers like CNOOC and Shell Petrochemicals that has amplified its usage in this region.

North America has significant share and witnessing a growth with booming shale oil production. U.S. chemical companies like DOW chemicals are preparing to increase their production capacity by 30% due to low raw material cost.

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Polyolefin Catalyst Market size shall witness a healthy growth in forecast period with application in automotive, coatings, construction, packaging and medical industry. After the shale oil and gas boom, the availability of raw material has increased that has reduced its cost. Further, low raw material price has decreased the overall cost of product. Packaging industry is growing at a CAGR of around 3.5% that has increased the product consumption. Positive outlook of packaging industry is expected to propel the polyolefin catalyst market.

Demand for consumer goods has increased with rapid economic growth in emerging economies and technological innovation that has enhanced the demand for plastic films, packaged goods and building materials. There has been technological advancement in refinery sector like high severity fluid catalytic cracking unit (HS-FCC) that has increased its yield by 27-28% after combining with olefin conversion unit (OCU) and by approximately five times when combined with fluid catalytic cracking (FCC). These factors are expected to further boost polyolefin catalyst market.

Polyolefin is a class of polymer produced from olefin, a monomer. Their properties range from liquid like to solids and determined by their degree of crystallinity and molecular weight. Crystallinity is governed by polymer’s crystallisable sequence length during polymerization and ranges from 0% (liquid like) to 60% (rigid solid). It is of types namely thermoplastic like polyethylene, polypropylene and elastomers like polyisobutylene. These are mostly produced by polymerization with use of catalyst. It accelerates the rate of reaction and helps the process even in mild condition. Zieglar Natta is the most commonly used catalyst.

Major restraint for polyolefin catalyst market is fluctuating cost of raw material due to volatility in crude oil prices. High manufacturing cost acts as barrier for its product growth. Further, the processes face challenge of carbon management. During the manufacturing of product from fossil fuel, considerable amount of carbon dioxide (CO2) is released into atmosphere and causes pollution.

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On the basis of type, polyolefin catalyst market is classified into Ziegler Natta (chrome on silica), metallocene (single site) and peroxide initiators. Ziegler Natta has major share as it is affordable and can be easily controlled for production of thermoplastic polyolefin like polypropylene.

Polypropylene industry is growing at a CAGR around 5.5% in the forecast period that has increased the product demand. Metallocene types are mainly used for custom designed products and provide better impact strength and toughness. These find application for value added and high price polymers.

Based on end-use industries, polyolefin catalyst market is segmented into automobile, coatings, construction, packaging and pharmaceutical. Automobile has considerable share with its use for manufacturing of auto parts like bumpers, seats, lighting and dashboard. The segment is growing with a healthy CAGR and is driving the product growth.

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Construction segment is growing moderately and the catalyst is used for fibre reinforced concrete. The concrete is widely consumed as it is resistant to weather, chemical attack and abrasion. These are used in paint and coating industry as it amplifies the paint adhesion property. Paint industry is growing at an average rate of 5.5% and is expected to increase product penetration.

Prominent players of polyolefin catalyst market are AkzoNobel, Lyondell Basell, BASF, Univation, Toho, Univation Technology, Sinopec, W.R. Grace Chemicals, Albemarle and Mitsui Chemicals. Companies are indulged in merger and acquisition strategy to increase their market share. For instance, W.R. Grace chemicals acquired polyolefin chemical business from BASF, a leading supplier of process catalyst.

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