[FURL=https://www.industryarc.com/Research/Polyolefin-Catalyst-Market-Research-502941?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Polyolefin catalyst market[/FURL] size is forecast to reach $3.6 billion by 2026, after growing at a CAGR of 4.9% during 2021-2026. The polyolefin polymerization using the Ziegler-Natta catalysts, polyolefin has become one of the most important polymers produced industrially. In particular, polyethylene, polypropylene and ethylene propylene diene monomer (EPDM) rubber have been widely used for catalysis. The rapid growth of the packaging industry has increased the demand for polyolefin catalysts; thereby, fueling the overall market growth. In addition, increased R&D investment on new manufacturing technologies, along with capacity expansion for polyolefin plants, would also boost product demand in the coming years. Furthermore, the flourishing automotive and packaging industry is also expected to drive the polyolefin catalyst industry substantially during the forecast period.Key Takeaways
Asia-Pacific dominates the polyolefin catalyst market, owing to the increasing demand for the packaging materials in the region. The increasing per capita income coupled with the population growth is a key factor in the region's rising personal care and cosmetic products industry.
The demand for packaging has pushed steadily towards lightweight and translucent materials. This has resulted in a rising market for films with polyolefin.
The increasing commercial performance of polyolefin materials in various end-user segments, including automotive, food and beverage and packaging, among others, is expected to contribute significantly during the forecast period to the overall demand for catalysts.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=502941[/FURL]
Polyolefin Catalyst Market Drivers
Increasing Automotive Production
Polyolefins in automobiles have experienced a great deal of interest in the recent years, and their applications have been increasing with a tendency of further growth compared with other materials used in automobiles.
Increasing Demand for Polyolefins from the Healthcare Industry
In the medical and healthcare sectors, polyolefin catalysts has recently gained traction as they are easy to fabricate into useful products and have increasing design capability.
Polyolefin catalyst market are W.R. Grace, Univation Technologies, LLC, LyondellBasell Industries N.V., Johnson Matthey Inc., TOHO Titanium Company Limited, Idemitsu Kosan Co., Ltd., INEOS Group, Mitsui Chemicals, Inc, Clariant AG, Evonik Industries, DuPont, Inc., DORF-KETAL Chemicals India Private Limited, AGC Chemicals Inc., and NOVA Chemicals Corporation.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.