Global Polyolefin Catalyst Market: Overview

A polyolefin is a class of polymers produced from a simple olefin, known as an alkene. For instance, polyethylene is the polyolefin produced by polymerizing olefin ethylene. Polyethylene is another common polyolefin that is made from olefin propylene. Polyolefin has the wide range of properties, and are primarily determined by their molecular weight and degree of crystallinity. Its degrees of crystallinity ranges from 0% to 60% or higher. Polyolefin are majorly utilized in blow molded or rotationally molded components. They are also employed in the packaging of various food products.

Demand for consumer goods is increasing rapidly in emerging economies. Furthermore, technological innovation has fueled the demand for plastic films, packaged goods, and building materials. Technological advancements in the refinery sector as well like high severity fluid catalytic cracking unit have increased yield by 27% to 28% after combining with olefin conversion unit and by around five times when combined with fluid catalytic cracking. These factors are expected to drive the polyolefin catalyst market. However, high manufacturing cost and volatility in prices of precious metals are restraining the market.

Global Polyolefin Catalyst Market: Key Segments

The global polyolefin catalyst market can be segmented based on type, end-user, and region. In terms of type, the market can be classified into Ziegler Natta, metallocene, and peroxide initiators. The Ziegler Natta segment dominated the polyolefin catalyst market primarily, as it is cost-effective and can be easily controlled for the production of thermoplastic polyolefin such as polypropylene. Metallocene types are largely utilized for custom designed products, and they provide enhanced impact strength and toughness. These type of polyolefin catalyst used in the manufacture of value added and high price polymers.

Based on end-user, the polyolefin catalyst market can be split into automobile, coatings, construction, packaging, and pharmaceutical. The automobile segment dominated the global polyolefin catalyst market. The segment is estimated to expand at a notable CAGR during the forecast period. Polyolefin catalyst are used in the manufacture of auto parts such as bumpers, seats, lighting, and dashboard. Construction is another major end-user segment of the market.

Global Polyolefin Catalyst Market: Regional Analysis

In terms of region, the global polyolefin catalyst market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global polyolefin catalyst in 2017. The market in the region is projected to expand at a significant CAGR during the forecast period. The region is home to large plants with significantly high capacity to manufacture polyolefin catalyst. Rapid industrialization in countries such as China, India, Japan, and those in Southeast Asia is driving the demand of the polyolefin catalyst. China is a major manufacturer and consumer of polyolefin, globally. North America is another major market of polyolefin catalyst. The region is expected to account for a significant share of the global market, in terms of revenue, during the forecast period.

In Europe, Germany is expected to contribute significantly in polyolefin catalyst market, primarily due to the well-established and expanding automobile industry in the country, which includes major players such as Audi and Volkswagen. The construction industry in GCC countries is expanding at a rapid pace which in turn is boosting the usage of polyolefin catalyst usage in the sub-region.

Global Polyolefin Catalyst Market: Key Players

Key companies operating in the global polyolefin catalyst market include W. R. Grace & Co, Lyondellbasell Industries Holdings B.V., China Petrochemical Corporation, Akzo Nobel, Albemarle Corporation, Chicago Bridge & Iron Company N.V, Clariant AG, Dorf-ketal Chemicals India Private Limited, DowDupont Inc., Evonik Industries Ag, Haldor Topsoe, Ineos Technologies Limited, Johnson Matthey, Mitsui Chemicals Inc., and Nova Chemicals Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


 

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