Polymerization Catalyst Market Size & Share, by Catalyst (Zeigler-Natta, Chromium, Peroxide, Single-Site); Type (Condensation Polymer, Polyolefin, Thermosetting Polymer, Additional Polymer Catalysts); Manufacturing Process (Gas Phase Process, Bulk Phase Process) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2030

  • Report ID: 3102
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Polymerization Catalyst Market Highlights 2020 – 2030

The polymerization catalyst market is estimated to garner a hefty amount of revenue by growing at a significant CAGR over the forecast period, i.e., 2021 – 2030. The growth of the market can be attributed to increasing production of polymer resins such as polypropylene, polyethylene, and polyvinyl chloride, extensive research to improve quality and reduce cost of polymerization catalysts, and growing use of catalysts to produce plastic materials. In addition, since the inception of COVID-19 pandemic, the demand for surgical and N95 masks have witnessed a notable surge. In 2020, the United States alone witnessed a notable hike in the production of N00395 masks. The evaluated value was more than 44 million masks in January, which grew up to 178 million by the end of the year. This is expected to fuel the production of polymerization catalysts that are used in the manufacturing of these masks, which in turn is projected to offer lucrative opportunities to the market players in the near future.  

Polymerization Catalyst Market

The market is segmented by catalyst into Zeigler-Natta, chromium, peroxide, single-site, and others, out of which, the Zeigler-Natta segment is anticipated to hold the largest share in the polymerization catalyst market on account of the rising demand for these catalysts in several applications, and their properties including significant control over molecular weight and high tacticity. Apart from these, growing usage of Ziegler-Natta catalysts to produce different types of commercial polyethylene is also predicted to drive growth to this market segment in the upcoming years. Furthermore, on the basis of manufacturing process, the segment for gas phase process is assessed to occupy the largest market share owing to the cost effectiveness of this process as it doesn’t require any type of liquid diluent, which therefore eliminates the need to remove any residual catalyst from the reactor.    

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Industry

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Polymerization Catalyst Market Regional Synopsis

On the basis of geographical analysis, the polymerization catalyst market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific region is estimated to witness noteworthy growth and grab the largest market share over the forecast period on the back of rising consumption of polyolefin in nations such as India and China, and increase in production of polypropylene in China and South Korea. Furthermore, growing manufacture of plastic products namely chemicals, cement, textiles, electronics and toys is also expected to boost market growth in the region. For instance, China is the world’s largest producer of plastic since 2018, accounting for more than half of the world’s total plastic production. In 2020, more than 6.5 million tons of plastic was manufactured in the country. Moreover, growing government initiatives for the establishment of plastic parks in the region is also anticipated to drive market growth in the coming years.

The polymerization catalyst market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the polymerization catalyst market includes the following segments:

By Catalyst

  • Zeigler-Natta
  • Chromium
  • Peroxide
  • Single-Site
  • Others

By Type

  • Condensation Polymer Catalysts
  • Polyolefin Catalysts
  • Thermosetting Polymer Catalysts
  • Additional Polymer Catalysts

By Manufacturing Process

  • Gas Phase Process
  • Bulk Phase Process
  • Others

Growth Drivers

  • Rising Production of Polymer Resins in the World
  • Increasing R&D activities to Improve Quality of Polymerization Catalysts

Challenges

  • High Manufacturing Cost of Polymerization Catalysts

Top Featured Companies Dominating the Market

  • W R Grace & Co.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • LyondellBasell Industries Holdings BV
  • Mitsui Chemicals Inc.
  • Univation Technologies, LLC
  • China Petrochemical Corporation (Sinopec)
  • Ulsan PP Co., Ltd
  • Quanzhou Grand Pacific Chemical Co. Ltd
  • Hyosung Vina Chemicals Co., Ltd
  • Advanced Global Investment Company
  • Toho Titanium Co. Ltd


In-the-news

In the News

·    April 8, 2021: LyondellBasell obtained the International Sustainability and Carbon Certification (ISCC) PLUS certification, one of the biggest sustainability certification, for its polymer site in Wesseling, Germany.

·   July 16, 2019: Reliance Industries Limited announced that it successfully achieved design capacity in their world-scale polyethylene plant using Univation Technologies’ UNIPOL PE process.


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3102
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising production of polymer resins in the world and increasing R&D activities to improve quality of polymerization catalysts are the major market growth drivers.

The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021 – 2030.

High manufacturing cost of polymerization catalysts is estimated to hamper the market growth.

Asia Pacific will provide more business opportunities on the back of rising consumption of polyolefin in nations such as India and China, and increasing production of polypropylene in China and South Korea.

The major players in the market are W R Grace & Co., LyondellBasell Industries Holdings BV, Mitsui Chemicals Inc., Univation Technologies, LLC and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, catalyst, manufacturing process, and by region.

The Ziegler-Natta segment is anticipated to hold largest market size and is estimated to grow at a noteworthy CAGR over the forecast period and display significant growth opportunities.
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