Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Polymerization Catalysts Market size was over USD 3.35 billion in 2024 and is poised to exceed USD 6.56 billion by 2037, witnessing over 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polymerization catalysts is evaluated at USD 3.5 billion.
The growth of the market can be attributed to increasing production of polymer resins such as polypropylene, polyethylene, and polyvinyl chloride, extensive research to improve quality and reduce cost of polymerization catalysts, and growing use of catalysts to produce plastic materials. In addition, since the inception of COVID-19 pandemic, the demand for surgical and N95 masks have witnessed a notable surge. In 2020, the United States alone witnessed a notable hike in the production of N00395 masks. The evaluated value was more than 44 million masks in January, which grew up to 178 million by the end of the year. This is expected to fuel the production of polymerization catalysts that are used in the manufacturing of these masks, which in turn is projected to offer lucrative opportunities to the market players in the near future.
Polymerization Catalysts Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Production of Polymer Resins in the World
- Increasing R&D activities to Improve Quality of Polymerization Catalysts
Challenges
- High Manufacturing Cost of Polymerization Catalysts
Polymerization Catalysts Market: Key Insights
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
5.3% |
|
Base Year Market Size (2023) |
USD 3.18 billion |
|
Forecast Year Market Size (2036) |
USD 6.22 billion |
|
Regional Scope |
|
Polymerization Catalysts Segmentation
The polymerization catalysts market is segmented by catalyst into Zeigler-Natta, chromium, peroxide, single-site, and others, out of which, the Zeigler-Natta segment is anticipated to hold the largest share in the polymerization catalysts market on account of the rising demand for these catalysts in several applications, and their properties including significant control over molecular weight and high tacticity. Apart from these, growing usage of Ziegler-Natta catalysts to produce different types of commercial polyethylene is also predicted to drive growth to this market segment in the upcoming years. Furthermore, on the basis of manufacturing process, the segment for gas phase process is assessed to occupy the largest market share owing to the cost effectiveness of this process as it doesn’t require any type of liquid diluent, which therefore eliminates the need to remove any residual catalyst from the reactor.
Our in-depth analysis of the global market includes the following segments
|
By Catalyst |
|
|
By Type |
|
|
By Manufacturing Process
|
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportPolymerization Catalysts Industry - Regional Synopsis
On the basis of geographical analysis, the polymerization catalysts market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is anticipated to hold largest revenue share by 2037, on the back of rising consumption of polyolefin in nations such as India and China, and increase in production of polypropylene in China and South Korea. Furthermore, growing manufacture of plastic products namely chemicals, cement, textiles, electronics and toys is also expected to boost market growth in the region. In 2020, more than 6.5 million tons of plastic was manufactured in the country. Moreover, growing government initiatives for the establishment of plastic parks in the region is also anticipated to drive market growth in the coming years.
Companies Dominating the Polymerization Catalysts Landscape
- W R Grace & Co.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- LyondellBasell Industries Holdings BV
- Mitsui Chemicals Inc.
- Univation Technologies, LLC
- China Petrochemical Corporation (Sinopec)
- Ulsan PP Co., Ltd
- Quanzhou Grand Pacific Chemical Co. Ltd
- Hyosung Vina Chemicals Co., Ltd
- Advanced Global Investment Company
- Toho Titanium Co. Ltd
In the News
· April 8, 2021: LyondellBasell obtained the International Sustainability and Carbon Certification (ISCC) PLUS certification, one of the biggest sustainability certification, for its polymer site in Wesseling, Germany.
Author Credits: Rajrani Baghel
- Report ID: 3102
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
