The global polypropylene catalyst market is expected to post a CAGR of nearly 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global polypropylene catalyst market 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing demand for polypropylene. Lightweight materials are extensively being used in construction, packaging, and automotive industries. This subsequently increases the demand for polypropylene. Polypropylene is extensively used to manufacture bottle caps, packaging films, plastic bags, and other packaging materials. It is also used in food packaging, sweet and snacks wrappers, hinged caps, and microwave-proof containers for packaging applications, which in turn, will boost the market growth.
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As per Technavio, the rising production of polypropylene will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Polypropylene Catalyst Market: Rising Production of Polypropylene
Rising production of polypropylene will be one of the critical trends in the global polypropylene catalyst market. The polypropylene catalyst sector has increased due to the high use of polypropylene by end-users. The manufacturers of polypropylene are expanding their production capacity and establishing new plants owing to high demand. Significant opportunities have emerged for the polypropylene catalyst manufacturers due to the establishment of new production facilities. This also helps end-user industries such as the construction, automotive, and packaging sector, which will boost the market growth.
“Apart from the rising production of polypropylene, the high focus on metallocene catalyst-based polypropylene production and the increased demand for Ziegler-Natta catalyst are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Polypropylene Catalyst Market: Segmentation Analysis
This market research report segments the global polypropylene catalyst market by technology (gas phase, bulk phase, and others) and geographical regions (Americas, APAC, and EMEA).
The APAC region led the market in 2018, followed by EMEA and Americas respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growth of construction, automotive, and packaging industry in the region.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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