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Polymerization Catalysts Market to See 5.4% Annual Growth Through 2023

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Polymerization Catalysts Market to See 5.4% Annual Growth Through 2023

Increasing Demand from the Automotive, Building Sectors Is Boosting Industry Expansion

WELLESLEY, Mass., April 30, 2019–Demand from the automotive, construction and coatings industries is helping to drive growth of the global polymerization catalysts market, according to a report by BCC Research.

The market expects to see a compound annual growth rate (CAGR) of 5.4% through 2023, when it could be worth $5.5 billion, according to the report “Polymerization Catalysts: Technologies & Global Markets.”

Major players in the market include AkzoNobel (AKZA), Arkema (AKE), BASF (BAS), Clariant International (CLN), DowDuPont (DWDP), Innova (INVA), Mitsubishi Chemical Holdings (4188), Anten Chemical and PQ (PQG).

Distillation and Fractionatio polymerization catalysts by zeolite zsm-5 additives
Distillation and Fractionatio polymerization catalysts by zeolite zsm-5 additives

Research Highlights

  • The leading resin type by size was polyolefin, which had a 2018 value of $2.8 billion, followed by synthetic rubber and other elastomers at $790.7 million.
  • The leading catalyst by type was Ziegler-Natta, which is estimated to have a 2023 value of $3.6 billion, followed by metallocene/single-site at $853.9 million and chromium at $327.1
  • Growth will be led by the Asia-Pacific region, which has a CAGR through 2023 of 5.5%, followed by North America and Europe, each with 5.3%.

“The polymerization catalyst occupies a significant position in the market due to the increasing applications of polymers across a wide range of industries,” notes report author Aneesh Kumar. The packaging industry along with building and construction account for the increasing application of polymers globally. In recent years, various vendors in the market have developed a few variations with existing catalysts to provide better properties to polymers.”

Market Challenges Include Pollution Concerns, Introduction of Bioplastics

Two primary factors challenging the market include concerns over pollution and the introduction of bioplastics. Plastics are a major pollution concern worldwide because of their toxic material composition and inability to biodegrade, and efforts to curtail them could dampen market expansion. Meanwhile, researchers are working on developing environmentally-friendly alternatives to plastics made from compounds such as potato starch and sugarcane which can biodegrade; the growing popularity of these materials could further impact market growth.

Editors/reporters requesting analyst interviews should contact Sarah Greenberg

Polymerization Catalysts: Technologies & Global Markets ( CHM114A )

Polymerization Catalyst – When the polymerization catalyst (initiator) added during silicone polymer production remains in the sealant, it is suggested that the catalyst gradually decomposes the polymer to generate low molecular weight siloxanes which constitute a major contaminant source.

Impurities, such as residues of polymerization catalysts or additives incorporated in polymeric materials to meet the requirement of particular application and for safe processing, can influence the degradation process (Yang et al., 2010).

Different ingredients like fillers, stabilizers, and antioxidants are often added to polymers to form the compounded product. It was influence to these materials on thermal degradation.

Traces of transition metals can accelerate the thermal oxidative processes of polyolefins by inducing hydroperoxide decomposition (Zheng et al., 2005).

Metals such as manganese (Mn) can act as pro-oxidants in polyolefins, making the polymer susceptible to thermo-oxidative degradation.

Using a new catalyst design concept for olefin polymerization that has led to the development of high-activity catalysts by highlights the “ligand oriented catalyst design concept”,

The concept has created a series of highly active ethylene polymerization catalysts, many of which show high activities comparable to those of group 4 metallocene catalysts. Moreover, these catalysts display unique polymerization catalysis to produce a wide variety of polymers that possess unprecedented molecular architectures that are either difficult or impossible to achieve using conventional catalysts.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. The report don’t have any detial about natural zeolite application. For media inquiries, email info@antenchem.com or visit our website to request access to our library of market research.

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