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Increasing Application of Polypropylene Catalyst in Automobile Industry Augment the Global Market Growth - TMR

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News provided by

Transparency Market Research

20 Aug, 2019, 12:30 GMT

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ALBANY, New York, Aug. 20, 2019 /PRNewswire/ -- Globally the demand for polypropylene has increased significantly, as its use in manufacturing films, tubes, fibers, injection-molded products, and other has grown. The demand for polypropylene is growing and that has encouraged several manufacturers are make conscious efforts in research and development activities developing improved polypropylene catalyst. According to market research analysis, the global polypropylene catalyst market seems consolidated, as 70% share are held by two leading manufacturers.

Other players operating in the global polypropylene catalyst market includes INEOS, W. R. Grace & Co.-Conn, Sinopec Corp., Mitsui Chemicals, Inc., and Reliance Industries Limited. Leading players in the market are focusing on using different organic and inorganic strategies to strengthen their position against their competitors. They are also focusing on making strategic alliance with regional players by acquiring them, and planning to strengthen their position in other regions. Exploring new markets and strengthening sales and distribution channels are other key focus areas leading players are emphasizing.  For example, in 2017, LyondellBasell inaugurated its third polypropylene compounding plant in Dalian, China. This plant have the capacity of manufacturing 20 kilotons of polypropylene per year. Development of this plant helped the company in effectively meeting the growing demand for polypropylene from the automotive industry.

Request a Sample of Global Polypropylene Catalyst Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38747

By analyzing the market thoroughly, analysts believes that the global polypropylene catalyst market is likely to generate revenue nearly up to US$ 1.4 Bn by the end of 2026 comparatively higher from US$ 1 Bn earned in 2017. During the period of eight years from 2018 to 2026 this market is expected to progress at 4% CAGR.

Asia Pacific to Lead the Global Polypropylene Catalyst Market

The demand for polypropylene catalyst is highest in Asia Pacific due to the supporting manufacturing facilities available in the region. Presence of large number of players such as Mitsui Chemicals, Inc. and LyondellBasell Industries Holdings B.V. has also contributed in making this region a leading market. Prominent players of polypropylene catalyst are willing to expand their manufacturing facilities in countries like China and South Korea due to increasing demand from the home appliance and automobile sectors. Additionally, increasing consumption of polypropylene catalyst in GCC has grown at a significant rate that will increase the production of polypropylene catalyst in MEA region. Sadara Chemical Company, Borouge, and Oman Oil Refineries & Petroleum Industries Company (ORPIC) are three major manufacturers of polypropylene catalyst that will lead the market in the Middle East and Africa.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=38747

Restrict Regulation Obstructing Market Growth

In developed regions, the use of phthalate based polypropylene catalysts is restricted with strict regulations. This factor is projected to obstruct growth in the global polypropylene catalyst market in the coming years. Moreover, increasing focus on cost-effective and hazard-free catalysts that have improved properties have increased the challenges in the global polypropylene catalyst market. However, rising focus on metallocene catalyst that is derived from polypropylene along with growing availability of alternative raw materials for polypropylene production are few positive factors that will help in market's growth. Players are also planning to incorporate different strategies that will help in reducing the effect of these restraints.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=38747

The study presented here is based on a report by Transparency Market Research (TMR) titled "Polypropylene Catalyst Market (Product - Ziegler-Natta Catalyst, Metallocene Catalyst; Process - Gas Phase, Bulk Phase; Application - Films, Fibers, Tubes, Injection-molded Products) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026".

The global polypropylene catalyst market has been segmented as below:

Product

  • Ziegler–Natta Catalyst
  • Metallocene Catalyst
  • Others

Process Gas Phase

  • Bulk Phase
  • Others

Application

  • Films
  • Fibers
  • Tubes
  • Injection-molded Products
  • Others

Region 

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa 

Browse Chemicals & Materials Research Reports

Popular Research Reports by TMR:

  • Expanded Polypropylene (EPP) Foam Market: https://www.transparencymarketresearch.com/expanded-polypropylene-foam-market.html
  • Cast Polypropylene (CPP) Films Market: https://www.transparencymarketresearch.com/cast-polypropylene-films-market.html
  • Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market: https://www.transparencymarketresearch.com/low-smoke-halogen-free-flame-retardant-polypropylene-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com 
Research Blog: http://www.europlat.org/

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