Global Polypropylene Catalyst Market 2019-2023| Increasing Production to Boost Growth| Technavio

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.

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Technavio has released a new market research report on the global polypropylene catalyst market for the period 2019-2023 (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing demand
for polypropylene. In industries such as construction, packaging, and
automotive, the use of lightweight materials will increase the demand
for polypropylene. In the food and beverage industry, the demand for
lightweight plastic is a key driving factor for the market.
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.

As per Technavio, the rising production of polypropylene will have a
positive impact on the market and contribute significantly to its growth
over the forecast period. This global
polypropylene catalyst market 2019-2023 research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Global polypropylene catalyst market: Rising
production of polypropylene

The increasing demand for polypropylene from certain end-user industries
has led to capacity expansions over the last five years. The
manufacturers of polypropylene are expanding their production capacity
and establishing new plants owing to high demand.

“Significant opportunities have come up 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 industries,” says a senior
analyst at Technavio for research on diversified chemicals.

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 (APAC, EMEA, and the Americas).

The gas phase segment held the largest market share in 2018, accounting
for 51% of the market. This technology segment is expected to dominate
the global market throughout the forecast period.

APAC led the market in 2018 with a market share of nearly 53%. This
region is expected to dominate the market through 2023.

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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

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View source version on businesswire.com: https://www.businesswire.com/news/home/20190110005441/en/