What are the Factors that drives the Growth & Opportunities for Of Global 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.

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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.

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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.

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.

Reasons to Buy This Report:
1. Polyolefin Catalyst Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Polyolefin Catalyst Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

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.

The Polyolefin Catalyst Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Polyolefin Catalyst Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Polyolefin Catalyst Product Insights
16. Polyolefin Catalyst Application Insights
17.Polyolefin Catalyst Regional Insights
18. Competitor Profiles

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Germany has a healthy growth rate in polyolefin catalyst market with well-established and flourishing automobile industry hosting players such as Audi and Volkswagen. Use of metallocene has further triggered its usage in Europe. Middle East construction industry is growing at 6% that in turn has enhanced its usage in gulf countries.

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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