The global polypropylene catalyst market size is projected to grow from USD 1.5 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 9.9% between 2020 and 2025. The factors promoting the growth of the market are the increasing number of polypropylene production plants in countries such as China, India, and South Korea.
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The demand for polypropylene Catalyst is growing because of the increasing consumption of polypropylene in the emerging markets of APAC, such as China, India, and South Korea, as well as in countries in other regions, such as Belgium, Canada, and Saudi Arabia. Construction of new manufacturing facilities or de-bottlenecking of existing polypropylene plants is expected to be carried out in these countries that will play a major role in propelling the demand for polypropylene catalyst. China is expected to account for the largest share of capacity additions for polypropylene in the near future. In 2020, LyondellBasell, the largest licensor of polyolefin technologies, provided a “Spheripol” technology license to different polypropylene manufacturing companies, including Quanzhou Grand Pacific Chemical Co. Ltd (China), Ulsan PP Co., Ltd (South Korea), Indian Oil Corporation Ltd. (India), Advanced Global Investment Company (Saudi Arabia), and Hyosung Vina Chemicals Co., Ltd (Vietnam). These developments will increase the demand and consumption of polypropylene catalysts during the forecast period.
Increased demand for protective masks due to the impact of COVID-19.
Surgical and N95 masks are used to prevent the spread of respiratory infections. These are an essential part of the personal protective equipment (PPE) used by health care professionals and are also used by the common public. These masks are designed to trap droplets released from coughing and sneezing. The filtering property of the mask is due to the application of a multilayered structure made from non-woven fabric, most commonly, polypropylene. Owing to the rapid spread of the COVID–19, there has been a surge in demand for these types of masks, globally. This is expected to boost the production of polypropylene to be used in surgical and N95 masks, hence creating opportunities for polypropylene catalyst producers and suppliers to fulfill the growing demand.
APAC is estimated to be the largest market for polypropylene catalyst . China is estimated to be the leading market for polypropylene catalyst in APAC. India, Japan, and South Korea are other major countries contributing to the growth of the polypropylene catalyst market in the region. The growing polypropylene demand from industries such as automotive, packaging and consumer electronics is leading countries in this region to increase their production capacities which will drive the market for polypropylene catalyst during the forecast period.
The key companies profiled in the Polypropylene Catalyst market report are LyondellBasell Industries (the Netherlands), W.R. Grace & Co. (US), Clariant (Switzerland), Evonik (Germany), INEOS (UK), Sumitomo Chemicals (Japan), China Petrochemical Corporation (China), Japan Polypropylene Corporation (Japan), Evonik (Germany), and TOHO Titanium (Japan), and Mitsui Chemicals (Japan).
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