Polypropylene Catalyst Market to exceed USD 4.2 Billion by 2032, Says Global Market Insights inc.
Polypropylene Catalyst Industry size is expected to register 8.1% CAGR between 2024 and 2032 propelled by rising demand for polypropylene.
Selbyville, Delaware, Aug. 15, 2024 (GLOBE NEWSWIRE) — Polypropylene Catalyst Market is projected to reach over USD 4.2 billion by the end of 2032, as per a
Europe to remain an attractive destination
Europe polypropylene catalyst market is anticipated to showcase strong growth between 2024 and 2032, led by the increasing demand for lightweight, durable materials in automotive and packaging sectors. The stringent environmental regulations are spurring the adoption of advanced catalysts for efficient and eco-friendly production. The advancements in catalyst development are improving polymer properties and production processes. The growing need of the healthcare sector for high-quality polypropylene for medical devices and PPE will boost the regional market expansion.
Polypropylene Catalyst Market Participants
Some of the leading firms operating in the polypropylene catalyst industry include Albemarle Corporation, China Petrochemical Corporation, Clariant, Evonik Industries, INEOS, Japan Polypropylene Corporation, LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Inc., Reliance Industries Limited, and Sumitomo Chemical Co., Ltd.
These industry leaders are adopting mergers & acquisitions, collaborations, and launching new product portfolios to augment their industry share. For instance, in November 2022, Lummus Technology launched its Novolen® PPure™ polypropylene portfolio for offering new polymers for high-quality automotive, healthcare, and food packaging products.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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