Polypropylene Catalyst Market

Expansions, Supply Contracts, and Acquisitions were the Key Strategies Adopted by Leading Players to Enhance their Presence in the PP Catalyst Market Between March 2013 and April 2018.

The polypropylene catalyst market is projected to grow from an estimated USD 1.09 billion in 2017 to USD 1.46 billion by 2022, at a CAGR of 6.1% from 2017 to 2022. The PP catalyst improves polypropylene yield, process efficiency, and resin properties. These catalysts are suitable for all the processes used for the manufacture of PP. The PP catalyst market is mainly segmented into Ziegler-Natta, metallocene, and others (Single-Site Catalyst (SSC), mixed di-ether-succinate catalyst, and custom catalyst). Increasing demand for the PP catalyst owing to the growth in the production of PP and improvements in PP catalyst technology are expected to drive the market.

Expansions, supply contracts, and acquisitions were the key strategies adopted by leading players to enhance their presence in the PP catalyst market between March 2013 and April 2018. LyondellBasell Industries (The Netherlands), Clariant (Switzerland), Mitsui Chemicals (Japan), W.R. Grace & Co., (US), and China Petrochemical (China) are some of the leading players in the PP catalyst market.  

W.R. Grace and Co. produces and sells specialty chemicals and specialty materials. The company operates through 2 business segments, namely, catalyst technologies and materials technologies. In April 2018, the company acquired Albemarle Polyolefin Catalyst Business (US) for USD 416 million. The acquired business primarily develops and manufactures single-site catalyst and comprehensive series of the highly optimized Ziegler-Natta catalyst for PE production. This strategic acquisition is expected to enhance the company’s position in the PE segment. Apart from this recent acquisition, in July 2014, the company signed an agreement to acquire the assets of the UNIPOL Polypropylene Licensing and Catalyst business of The Dow Chemical Company for USD 500 million.

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LyondellBasell is one of the largest plastics, chemicals, and refining companies in the world. The company’s business is segmented into 5 units, namely, olefins & polyolefins-Americas, olefins & Polyolefins-Europe, Asia & International, intermediates & derivatives, refining, and technology. In September 2017, the company started its 3rd PP compounding plant in Dalian, China, having a capacity of 20 kilotons per year. This plant has helped the company meet the growing demand from the automotive industry. In April 2016 the company acquired Zylog Plastalloys’ (India) PP manufacturing operations in Sinnar, Maharashtra and Chennai, Tamil Nadu. The company became the third-largest producer of PP compounds in India after this acquisition.

Related Reports:

Polypropylene Catalyst Market by Type (Ziegler-Natta, Metallocene), Manufacturing Process (Bulk Process, Gas Phase Process), Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2022

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Report Code
CH 3265
RI Published ON
6/18/2018
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