Market Size of Polymerization Catalysts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polymerization Catalysts Market Analysis
The polymerization catalysts market is anticipated to register a CAGR of around 4% during the forecast period. Organometallic catalysts play a vital role in the polymerization of olefins, dienes, and styrene. The chemical industry is using these catalysts for the production of increasing amounts of plastic materials. Catalysts, such as metallocenes, half-sandwich, nickel, and iron complexes, are able to tailor the microstructure of the polymer chain.
- One of the major factors driving the growth of the market studied is the increasing production of polymer resins, such as polyethylene, polypropylene, polyvinyl chloride, and polyurethane.
- Additionally, the economic effects of the COVID-19 pandemic and the strict surveillance of phthalate-based catalysts by environmental agencies, such as US EPA (Environmental Protection Agency) and EU's REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals), are expected to hinder the growth of the market studied.
