In a recently published report, Global Polypropylene Catalyst Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Polypropylene Catalyst Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Polypropylene Catalyst Market is valued approximately USD 1.16 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.02% over the forecast period 2019-2026. The increasing demand of polypropylene in various applications is resulting in establishment of new polypropylene manufacturing units. According to a report published by Economic Times, in August 2019, GAIL (India) Ltd., is planning to spend Rs 751 crore to add a new polypropylene unit with a production capacity of 60 Kilo Tonne Per Annum (KTPA) at its Pata petrochemical complex in Uttar Pradesh. Further, ExxonMobil announced about its plans to build a new polypropylene production unit at its Baton Rouge petrochemical complex located along the US Gulf Coast in Louisiana. The increase in production of polypropylene is expected to drive the Propylene Catalyst market growth over the forecast period. Also, the increasing research and development activities for developing an improved polypropylene catalyst is expected to fuel the market growth. For instance, in October 2018, Total offered 85% of its polypropylene range in a non-phthalate catalyst version. Moreover, the availability of alternative raw materials for polypropylene production and increase in focus on metallocene catalyst based polypropylene production are the major factor likely to create lucrative growth opportunity to the market in the upcoming years. However, the need for developing cost-effective and hazard-free catalysts with improved properties is a crucial factor anticipated to hinder the growth of global Polypropylene Catalyst market during the forecast period.
The regional analysis of global Polypropylene Catalyst Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the increasing demand from end-use industries including chemical, packaging, optical, medical and automotive. Increasing per capita expenditure on healthcare and food products, significant consumer base, rising urban population, low labor costs, and easy availability of raw materials are attracting international packaging, electronics, and automotive manufacturers to establish production facilities to the region, thus creating high demand for PP in these industries. Apart from this, growth in the construction industry in China, India, and Indonesia is expected to drive the demand for PP in the region, thereby propelling the growth of the polypropylene catalyst market.
Major market player included in this report are:
W.R. Grace & Co.
China Petrochemical Corporation
Japan Polypropylene Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Manufacturing Process:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Polypropylene Catalyst Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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