Global Polypropylene Catalyst Market – Analysis and Forecast To 2024, Toho Titanium, INEOS AG, Sumitomo Chemicals

Polypropylene is a thermoplastic polymer which is prepared by the polymerization of propylene. Catalyst plays a very important role in the polymerization of propylene to polypropylene. During the manufacturing of polypropylene, catalyst component is used depending upon the process. The global polypropylene catalyst market is registering a good growth in the recent years, owing to the increasing demand of catalyst to produce polypropylene for further use. Polypropylene is used in a wide range of applications such as food packaging, ropes, plastic parts, textiles, laboratory equipment, automotive components, and others.

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Challenges
Development of hazard free catalyst with improved properties is the major challenge identified in the polypropylene catalyst market growth. The manufacturers of polypropylene are demanding improved catalysts with better properties for the production of polypropylene. For instance, Sud-Chemie has launched C-Max catalysts for the propylene polymerization, which is highly optimized for the manufacturing of polypropylene grades in a variety of process platforms, which enables the manufacturers to produce entire product range without catalyst change. Hence, the continuous requirement of such developments and innovations are posing as a challenge in the market.

Geographic Overview
Asia-Pacific is anticipated to register the highest growth during the forecast period in the polypropylene catalyst market, which is mainly derived by the increasing demand from end-user industries which includes automotive, chemical, packaging, optical, and others. Also, the region is attracting foreign investors, owing to the benefits it offers such as low labor cost, easy availability of raw material, rising urban population, and others.

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Competitive Insights
To enhance the market share in the polypropylene catalyst industry, the companies are adopting various strategies such as acquisitions, expansion, supply contracts, and many others. W.R. Grace & Co., Lyondellbasell Industries, Clariant, Lotte Mitsui Chemicals, Japan Polypropylene Corporation, Toho Titanium, INEOS AG, Sumitomo Chemicals, and Süd-Chemie are some of the key players catalyst for the polypropylene production.

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