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

January 10, 2019

LONDON--(BUSINESS WIRE)--Jan 10, 2019--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 .

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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 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:

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.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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

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SOURCE: Technavio Research

Copyright Business Wire 2019.

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