Press release
Polyolefin catalyst market in North America to carve out a profitable growth path over 2020-2026
Compressor Oil Market
The Europe polyolefins catalyst market share is being driven by the extensive demand for polyolefins catalysts from Eastern European nations owing to the presence of major polyolefin manufacturers in the region. In addition, stringent regulations and laws formulated by the EU (European Union) that promote the practice of recycling is also driving the product demand. European companies aim at sustainability and also encourage the use of eco-friendly materials thereby pushing the polyolefin catalyst adoption in the region.
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In addition to these developments, various regulatory initiatives to process and recycle excess plastic across the world should foster product demand. Taking November 2019 for instance, the government of India approved the construction of six new plastic parks in different locations across the country. Such new initiative are projected to bring in more opportunities for the polyolefin catalyst market over the near future.
Increasing usage of polypropylene (PP) across diverse application sectors like plastic parts, food packaging, reusable containers of several types, automotive components, loudspeakers, textiles, laboratory equipment, and polymer banknotes could propel polyolefin catalyst industry growth.
For the record, PP is a thermoplastic polymer that is derived from the polymerization of propylene.
Earlier in 2018, the segment had held a controlling share of polyolefin catalyst market. In fact, a study conducted by Global Market Insights, Inc., predicts that the PP segment may witness a CAGR of nearly 4.8% in terms of revenue over the coming years.
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Foamed plastics, usually called expanded polymers and plastics, are generally used in day to day activities. Besides, plastic sheets based out of polyolefins could easily be used to manufacture three-dimensional packaging items.
In terms of application, the polyolefin catalyst market is mainly divided into blow molding, injection molding, fiber, and film. On the other hand, additional applications include foam, sheet, etc., which are anticipated to record steady growth, maintaining a CAGR of more than 4% over 2026.
The competitive landscape of the global polyolefin catalyst market is inclusive of players such as NOVA Chemicals Corporation, AGC Chemicals Inc., DORF-KETAL Chemicals India Private Limited, DuPont, Evonik Industries, Clariant AG, Mitsui Chemicals, INEOS Group, Idemitsu Kosan Co., and PQ corporation among others.
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Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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