Polymerization Catalyst Market Share

APAC Market Statistics

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.