Asia & Middle East Polyolefin Catalyst Market to Reach Valuation of ~Us$ 1.7 Bn by 2027

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Asia Middle East Polyolefin Catalyst
Market Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2027
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Asia Middle East Polyolefin Catalyst Market
Introduction

• The Asia Middle East polyolefin catalyst market
  was valued at US 1 Bn in 2018 and is anticipated
  to expand at a CAGR of 6 during the forecast
  period. Among product types, the ZieglerNatta
  segment dominated the Asia Middle
  East polyolefin catalyst market in 2018. 
• This can be primarily ascribed to high usage of
  catalysts in the production of both polyethylene
  and polypropylene, significant yield of polymers,
  and low cost of the ZieglerNatta polyolefin
  catalyst
• Among applications, the polyethylene segment
  dominated the polyolefin catalyst market in Asia
  Middle East in 2018. The high-density
  polyethylene (HDPE) sub-segment constituted a
  major share of the polyethylene segment in 2018.
• This is primarily attributable to the rise in
  investments in water and wastewater treatment
  infrastructure and ongoing development of
  infrastructure in Asia Middle East, which is
  boosting the demand for HDPE-based products such
  as pipes and cables.
• Asia is estimated to offer immense growth
  potential to the polyolefin catalyst market in
  the next few years

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Key Drivers and Restraints of Asia Middle East
Polyolefin Catalyst Market

• Increasing use of polyolefin in several
  industries is a major factor driving the Asia
  Middle East polyolefin catalyst market. End users
  of polyolefin include building construction,
  consumer goods, electronics, electrical, and
  automotive industries.
• Polyolefin comprises commodity thermoplastics
  such as polyethylene and polypropylene. Easy
  process-ability, low price, and good chemical and
  physical properties make polyolefin a preferred
  choice for use in multiple applications. Growing
  production of polypropylene is another major
  factor driving the Asia Middle East polyolefin
  catalyst market. Polypropylene is a
  thermoplastic.
• It is used to produce films, fibers, and tubes,
  which are employed in a wide range of end-use
  industries such as packaging, plastics,
  automotive, and textile. Demand for polypropylene
  is increasing, owing to the rising demand for
  lightweight PP-based materials in industries such
  as automotive and packaging.
• High costs of polyolefin catalysts is a major
  factor hampering the Asia Middle East
  polyolefin catalyst market. Costs of polyolefin
  catalysts have not been consistent in the last
  few years, due to new developments taking place
  in the marketplace.
• Metallocene and non-phthalate polyolefin
  catalysts are costly. Average prices of
  Metallocene and non-phthalate polyolefin
  catalysts are two times higher than those of the
  ZieglerNatta catalyst.

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• Asia a Highly Lucrative Market for Polyolefin
  Catalyst in Asia Middle East

Asia dominates the Asia Middle East polyolefin
catalyst market. Demand for polyolefin catalysts
is high in the sub-region, as Asia is a major
manufacturer of polypropylene across the globe.
Key manufacturers of polyolefin catalysts, such
as LyondellBasell Industries Holdings B.V. and
Mitsui Chemicals, Inc., own and run facilities in
Asia. China dominated the polyolefin catalyst
market in Asia in 2018. This can be primarily
ascribed to China being a major producer and
consumer of polyolefin catalysts in the
sub-region and rise in the number of end-use
industries in the country. South Korea held a
considerable share of the polyolefin catalyst
market in Asia in 2018. Manufacturers of
polyolefin catalysts in Asia are expanding their
manufacturing facilities, owing to increased
demand for polypropylene and polyethylene from
automobile and home appliances industries in the
sub-region.
Request For Multiple Chapters of Asia Middle
East Polyolefin Catalyst Market Here
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