Polyolefin Catalyst Market Size

Polyolefin Catalyst Market Size

Polyolefin catalyst market size was USD 2.1 billion in 2018 and shall exhibit 4.8% CAGR throughout the forecast timespan. Polyolefin catalyst are a class of catalyst that are used to produce HDPE, LLDPE and PE. Widespread application base of these polyolefins in construction, packaging, furniture, etc. will complement industry growth.

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The global polyolefin catalyst market will grow at a steady rate driven by the expanding polyolefin industry. Robust demand for polyolefins from the packaging sector is expected during the forecast period, thereby propelling the overall demand.

Moreover, the introduction of stringent regulations regarding emission control on automotive urges automotive manufacturers to use lightweight, strong & versatile materials in their production. This trend has significantly increased the demand for polyolefin materials in automotive parts, subsequently increasing the polyolefin catalyst demand.
 

The development of new-generation catalyst for the betterment of polymerization process shall also positively contribute to the polyolefin catalyst market share over the study timeframe. India, China, and Brazil will likely drive growth for the consumption of polyolefin products and materials, while Japan is expected to be a key market primarily owing to its developed economy and high consumption of polymers.
 

The growing commercial success of polyolefin materials in various end user segments including automotive, food and beverage and packaging among others is projected to substantially contribute to the overall catalyst demand during the forecast period. Moreover, the growing research and development spending for new manufacturing technologies along with the capacity expansions of polyolefin plants shall also augment the product demand in the coming years.
 

However, fluctuating crude oil prices is projected to be a major downside to the overall polyolefin catalyst market during the assessment period. Polyethylene and polypropylene are both derived from crude oils, hence change in feedstock prices hampers the overall production in turn negatively impacting the catalyst demand.
 

The global polyolefin catalyst market exhibits a medium level of forward integration. Most of the major players in this market are engaged in the production of both catalysts and polyolefin products. As a result, high degree of captive consumption of catalyst can also be seen in the overall market.
 

Additionally, many market players also possess their own patented catalyst technologies for the polymerization processes. For instance, Dupont has licensing agreements with Akzo Nobel, Albemarle Corp. and Grace Davison for manufacturing and selling ‘DuPont Versipol catalysts’ for the olefin and polyethylene industries.