Polypropylene Catalyst Market - Forecast(2023 - 2028)

Report Code: CMR 1323 Report Format: PDF + Excel

Polypropylene Catalyst Market Overview

The Polypropylene Catalyst Market size is forecast to reach US$2.1 billion by 2027 after growing at a CAGR of 5.4% during 2022-2027. Polypropylene catalyst is used in the manufacturing of polypropylene which finds its wide application in several end-use industries. Polypropylene is a crystalline thermoplastic used extensively in the automobile industry for manufacturing various automobile components mostly through injection molding. The automobile industry is booming globally and this will increase the requirement of polypropylene catalysts in the manufacturing of polypropylene for the automobile sector and will drive the growth of the market in the forecast period. For instance, as per the data by the European Automobile Manufacturers Association, in October 2021, electrically-chargeable cars registration surged in the European Union as battery-electric cars and plug-in hybrids nearly doubled their market share in the third quarter of 2021, accounting for 9.8% and 9.1%, respectively, of the market. Furthermore, polypropylene catalyst is extensively associated with the consumer electronics industry as polypropylene is used in various parts of consumer electronic products. The demand for consumer electronics is booming globally and this, in turn, will drive the growth of the market in the forecast period. For instance, according to the July 2021 data by China.org.cn, consumer electronics export witnessed a growth trajectory for 12 months in a row. Gas-phase is projected to witness the highest demand as this process eliminates the need to remove atactic polypropylene. Strict regulations regarding the use of phthalate-based catalysts might hamper the growth of the market in the forecast period.

COVID-19 Impact

The Polypropylene Catalyst Market was negatively affected due to the COVID-19 pandemic. Disruption in the supply chain and idling of factories were the main challenges faced by the market amid the pandemic. Market players adopted responsive plans to tackle the severity of the pandemic and keep their businesses afloat. For instance, as per the first quarter, 2020 results report by the US-based W. R. Grace and Co., which deals with polypropylene catalyst, reported about a 17% drop in the company’s specialty catalysts sales. The market witnessed decent growth towards the end of 2020 with demand for polypropylene increased in multiple end-use industries. Going forward, the market is projected to witness significant demand in the forecast period due to the growth taking place in the automotive and consumer electronics sector.

Polypropylene Catalyst Report Coverage

The report: Polypropylene Catalyst Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polypropylene Catalyst Industry. 

By Type: Ziegler Natta, Metallocene, Others
By Manufacturing Process: Solvent Process, Bulk Process, Gas Phase Process, Others
By End Use Industry: Automotive, Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Food and Beverages, Textiles, Furniture, Industrial, Consumer Electronics, Healthcare, Construction, Residential, Commercial, Office, Hotels and Restaurants, Concert Halls and Museums, Educational Institutes, Others
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

  • Ziegler natta is leading the Polypropylene Catalyst Market. It is cost-effective and offers controlled production of polypropylene which makes it a suitable choice in the market.
  • The automotive industry will drive the growth of the market in the forecast period. As per the statistics by European Automobile Manufacturers Association, registrations in the passenger cars segment surged by +10.4% in July 2021 compared to the registrations done in July 2020.
  • The Asia Pacific region will witness the highest demand for polypropylene catalyst in the forecast period owing to the region’s booming automobile sector.  As per the August 2020 data by the China Association of Automobile Manufacturers, the automobile sector is projected to stay on a progressive track in China and New Energy Vehicles segment is anticipated to witness the highest demand in the coming years. This massive boost in the region’s automobile sector will increase the demand for polypropylene catalyst.

Figure: Asia Pacific Polypropylene Catalyst Market Revenue, 2021-2027 (US$ Billion)
Polypropylene Catalyst Market

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Polypropylene Catalyst Market - By Type

Ziegler natta dominated the Polypropylene Catalyst Market in 2021 and is growing at a CAGR of 5.6% in the forecast period. The high demand for this type of catalyst is attributed to its cheaper cost compared to its counterparts. The ziegler natta catalyst provides better morphology control during the polymerization process involved in the manufacturing of polypropylene. Owing to such diverse properties, market players and research organizations are engaging in the higher implementation of the ziegler natta catalyst. For instance, as per the 2020 journal by the Institute of Physics (IOP), the sixth generation of ziegler natta catalyst was implemented in the polypropylene polymerization process. Such increasing uses of ziegler natta catalyst in the production of polypropylene will increase its demand in the forecast period. Metallocene catalyst is anticipated to witness significant demand in the forecast period.

Polypropylene Catalyst Market - By Manufacturing Process

The gas-phase process dominated the Polypropylene Catalyst Market in 2021. This process helps in the production of high-quality polypropylene compared to other manufacturing processes. Moreover, the gas-phase process ensures minimal residual polypropylene and doesn’t require the hand-operated removal of catalyst residues or atactic polypropylene. These excellent features of the gas-phase process make it a superior option among market players and research organizations. For instance, as per the February 2020 journal by the Journal of Environmental Treatment Techniques (JETT), computational fluid dynamics (CFD) modeling for polypropylene production reactor is formulated implementing the gas-phase process. Such increasing usage of the gas phase process will stimulate its demand in the forecast period.

Polypropylene Catalyst Market - By End Use Industry

The automobile sector dominated the Polypropylene Catalyst Market in 2021 and is growing at a CAGR of 5.8% in the forecast period. Polypropylene is a rigid and crystalline thermoplastic manufactured by using polypropylene catalyst and is extensively used in the production of various automobile components produced mostly through injection molding. The automobile sector globally is expanding and this will drive the growth of the polypropylene catalyst. For instance, according to the stats by the China Association of Automobile Manufacturers, in September 2021, the production of Chinese passenger vehicles was 1.767 million units, jumping 18.1% month on month. Similarly, according to the July 2021 data by the European Automobile Manufacturers Association, in June 2021, the passenger car registrations surged with Germany witnessing the highest growth in the passenger car segment with a 24.5% jump, followed by Spain (+17.1%) and Italy (+12.6%). Such expansion in the automobile sector will augment the higher use of polypropylene in various auto parts, ultimately increasing the requirement of polypropylene catalyst and in turn, this will drive the growth of the market in the forecast period.

Polypropylene Catalyst Market - By Geography

The Asia-Pacific region held the largest market share in the Polypropylene Catalyst Market in 2021 with a market share of up to 34%. The high demand for polypropylene catalyst is attributed to the expanding automobile industry in the region. For instance, as per the report by the India Brand Equity Foundation, sales in the Indian passenger vehicles segment increased as 261,633 units sold in April 2021, acquiring a market share of 12.9%. Similarly, as per the stats by the China Association of Automobile Manufacturers, in September 2021, production of Chinese commercial vehicles touched 310000 units, increasing 35.5% month on month. Such high expansion in the region’s automobile sector will stimulate the higher uses of polypropylene in the manufacturing of various auto components, thereby increasing the requirement of polypropylene catalyst in the forecast period. The North American region is projected to witness significant demand for polypropylene catalyst owing to the growth in the region’s food and beverage industry.

Polypropylene Catalyst Market Drivers

Expanding consumer electronics industry will drive the growth of the market

Polypropylene catalyst is used to manufacture polypropylene-based parts for a wide range of consumer electronic products. The consumer electronics industry is booming globally and this will contribute to the growth of the market in the forecast period. For instance, as per the October 2021 statistics by India Brand Equity Foundation, the consumer electronic market in India is on a progressive track and market players are focusing on capturing the highest share in the Indian consumer electronics market. Similarly, as per the September 2021 stats by UK’s Office for National Statistics (ONS), consumer electronics import value in the European Union was 109.2 in the first quarter of 2021 which was 108.4 in the first quarter of 2020. This expanding consumer electronics sector globally will require higher uses of polypropylene for the production of various consumer electronic products parts, ultimately increasing the implementation of polypropylene catalyst and this will drive the growth of the market in the forecast period.

Booming automobile sector will drive the growth of the market

The automobile industry is one of the largest consumers of polypropylene catalyst which uses it in the manufacturing of several polypropylene-based automobile components and parts produced through injection molding. The automobile industry is booming globally with high production and sales of automobiles and this will drive the growth of the market in the forecast period. For instance, as per the data by India Brand Equity Foundation, India’s automobile market was the fifth-largest market in 2020 where 3.49 million units of automobiles sold combinedly in the passenger and commercial vehicles segment. Similarly, according to the data by European Automobile Manufacturers Association, hybrid electric vehicles (HEVs) accounted for 11.9% of total cars sold in 2020 compared to the 5.7% in 2019. Such massive growth in the automobiles market will increase the higher uses of polypropylene catalyst in the manufacturing of polypropylene-based automotive components and this will contribute to the growth of the market in the forecast period.

Polypropylene Catalyst Market Challenges

Strict environmental regulations regarding the use of phthalate-based catalysts might hamper the market’s growth

The use of phthalate-based ziegler natta catalysts has always been a key challenge in the Polypropylene Catalyst Market and this might affect the growth of the market in the forecast period. Ziegler natta catalyst with phthalate has been a major concern in the market owing to its adverse effect on human health. As per the 2020 journal by the Institute of Physics, the presence of phthalate derivative in ziegler natta catalyst leads to the formation of cancer in the human body. The journal also states that strict regulations are implemented on the use of phthalate-based catalysts in the production of polypropylene which might affect the growth of the market in the forecast period.

Polypropylene Catalyst Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the market. Polypropylene Catalyst top 10 companies include:

  • LyondellBasell Industries
  • W.R. Grace & Co.
  • Clariant AG
  • Evonik
  • INEOS
  • Sumitomo Chemicals
  • Japan Polypropylene Corporation
  • Wacker Chemie
  • Toho Titanium
  • Sinopec

Recent Developments

  • In June 2020, Clariant AG launched a new phthalate-free PolyMax 600 series performance catalyst for polypropylene. Such developments will help expand the Polypropylene Catalyst Market in the forecast period.

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1. Polypropylene Catalyst Market- Market Overview
    1.1 Definitions and Scope
2. Polypropylene Catalyst Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Manufacturing Process
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. Polypropylene Catalyst Market- Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Polypropylene Catalyst Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Polypropylene Catalyst Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major companies
6. Polypropylene Catalyst Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Polypropylene Catalyst Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Polypropylene Catalyst Market– By Type (Market Size -US$ Million, Billion)
    8.1 Ziegler Natta
    8.2 Metallocene
    8.3 Others
9. Polypropylene Catalyst Market– By Manufacturing Process (Market Size -US$ Million, Billion)
    9.1 Solvent Process
    9.2 Bulk Process
    9.3 Gas Phase Process
    9.4 Others
10. Polypropylene Catalyst Market– By End Use Industry (Market Size -US$ Million, Billion)
    10.1 Automotive
        10.1.1 Passenger Vehicle
        10.1.2 Commercial Vehicle
            10.1.2.1 Light Commercial Vehicle
            10.1.2.2 Heavy Commercial Vehicle
    10.2 Food and Beverages
    10.3 Textiles
    10.4 Furniture
    10.5 Industrial
    10.6 Consumer Electronics
    10.7 Healthcare
    10.8 Construction
        10.8.1 Residential
        10.8.2 Commercial
            10.8.2.1 Office
            10.8.2.2 Hotels and Restaurants
            10.8.2.3 Concert Halls and Museums
            10.8.2.4 Educational Institutes
            10.8.2.5 Others
    10.9 Others
11. Polypropylene Catalyst Market - By Geography (Market Size -US$ Million / Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Polypropylene Catalyst Market-Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Polypropylene Catalyst Market-Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix- Major Companies
    13.2 Market Share at Global Level- Major companies
    13.3 Market Share by Key Region- Major companies
    13.4 Market Share by Key Country- Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category- Major companies
14. Polypropylene Catalyst Market- Key Company List by Country Premium Premium 
15. Polypropylene Catalyst Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"