Polyolefin Catalyst Market Trends, Share, Size, Growth and Forecast 2021-2026
According to the latest report by IMARC Group, The global polyolefin catalyst market to grow at a CAGR of around 5% during 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, April 10, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group “Polyolefin Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global polyolefin catalyst market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Polyolefin catalyst is a substance used to increase the rate of chemical reaction while synthesizing simple olefins. It is manufactured in solid and liquid forms by combining monomers via a chemical reaction between catalysts. It is extensively used in packaging trays, tubes, fibers, films, battery cases, household products, medical equipment, and injection molded products.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The growing global population and improving income levels of individuals are positively influencing the demand for household commodities and plastic packaging products. This, in turn, is strengthening the growth of the market. In addition, the increasing utilization of personal protective equipment (PPE) by healthcare professionals to prevent the spread of coronavirus disease (COVID-19) is positively influencing the market. Moreover, governing agencies of numerous countries are implementing stringent regulations to reduce harmful emission levels during the production process. Besides this, the escalating demand for durable and lightweight materials in the automotive industry to manufacture vehicles with enhanced operational efficiency and minimal fuel consumption is offering lucrative growth opportunities to key players.
Breakup by Type:
Ziegler-Natta Catalyst
Single Site Catalyst
Chromium Catalyst
Others
Breakup by Classification:
Polypropylene
Polyethylene
Others
Breakup by Application:
Injection Molding
Blow Molding
Films
Fibers
Others
Breakup by End Use Industry:
Automobile
Construction
Healthcare
Electronics
Packaging
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Albemarle Corporation
Clariant AG
Honeywell International Inc.
INEOS Capital Limited
Japan Polypropylene Corporation (Mitsubishi Chemical Corporation)
LyondellBasell Industries N.V.
Mitsui Chemicals Inc
Nova Chemicals Corporation
Sinopec Catalyst Co. Ltd. (China Petroleum & Chemical Corporation)
Toho Titanium Co. Ltd. (JX Nippon Mining & Metals Corporation)
W. R. Grace
Company and Zeochem AG.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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