Polypropylene Catalyst Market - Global Analysis and Regional Forecast To 2024

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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Based on manufacturing process, the polypropylene catalyst market is classified into gas phase, bulk process, and others. The gas phase process is anticipated to grow at the highest rate during the forecast period. Gas phase process produces a very high quality polypropylene while ensuring minimal residual polypropylene. At the same time, it does not require the removal of catalyst residues manually. Monomers are similar in both the processes, however in case of gas phase, the polymerization is carried out in propylene gas instead of liquefied propylene. Cost-effectiveness of the process is the major factor driving the gas phase process market growth.

The main factors driving the polypropylene catalyst market growth are the increasing production of polypropylene for various applications and growing research and development activities for the development of improved polypropylene catalyst. The production of polypropylene is increasing to meet the demand from various industries for different applications including packaging of consumer products, automotive products, textiles, housewares, medicines, tubing, and others. Moreover, polypropylene is one of the most commonly used plastic across the world, hence the demand of the same is increasing, resulting in the growth of the market.

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.

Propylene prices are highly dependent on the crude oil prices, making it highly volatile, and can also hinder the polypropylene catalyst market growth. Also, the production of propylene is expected to be tighter in the coming years, as very few new projects are commissioned in the recent years, which might not be able to meet the increasing demand of the market. In 2015, the global polypropylene capacity was 72m tonnes per year.

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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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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