In a recent published report, Kenneth Research has updated the market report for Polypropylene Catalyst Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Polypropylene Catalyst Market products.
In its database of market research reports, Kenneth Research has recently added a report on ‘Polypropylene Catalyst Market’ that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter’s five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the Polypropylene Catalyst Market during the forecast period.
The global Polypropylene Catalyst market was valued at USD 1.00 billion in 2016 and is projected to reach USD 1.60 billion by 2025, growing at a CAGR of 5.3% from 2017 to 2025.
Polypropylene is one of the largest consumed plastics around the world. The growing demand for polypropylene is expected to drive market demand for catalysts. These catalysts aid in accelerating the rate of reaction along with improving the quality of polypropylene being extracted.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Need for high yield and efficient catalytic solutions
1.2 Growing plastic industry in Asia Pacific
2. Market Restraints
2.1 Environmental Regulations in North America & Europe Against Phthalate-Based Catalysts
The global Polypropylene Catalyst market is segmented on the type, catalyst manufacturing process and region.
1. By Type:
1.1 Ziegler Natta Catalysts
2. By Catalyst Manufacturing Process:
2.1 Bulk Phase
2.2 Gas Phase
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Lyondelbasell Industries NV
3. Univation Technologies
5. W.R. Grace and Company
6. Sinopec Corp
7. Mitsui Chemicals Inc.
8. Albemarle Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Polypropylene Catalyst market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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