Polymer catalysts consist of polymers with catalytically active moiety. Typically, the catalytic moiety is affixed to the side chain of synthetic polymers like polystyrene. Polymer catalysts are utilized in a variety of organic synthesis processes. Due to the increased production of polymer compounds, need for polymerization catalysts will increase. The growth of the market for polymerization catalysts will be primarily led by expanding applications in a variety of manufacturing industries. In addition, the expanding refinery market in Africa, the Middle East, and Asia-Pacific could serve as a major market driver over the forecast period. Phthalate-based catalysts are hazardous, thus strict regulations will slow industry expansion. Covid-19 is also expected to slow market growth. Polymer demand has plummeted since manufacturing stopped.
From 2022 to 2030, the market size for Polymerization Catalysts is projected to expand at a compound annual growth rate (CAGR) of 3.90 percent.
Market Players in the Polymerization Catalysts Industry:
1. Clariant
Clariant is a Swiss multinational specialty chemicals company, formed in 1995 as a spin-off from Sandoz in 1995, and is headquartered in Muttenz, Switzerland. The company operates in 36 countries. The manufacturing sites are located in Europe, North America, South America, China, and India. In June 2020, Clariant launched phthalate-free catalysts for olefin polymerization called PolyMax 600 Series catalysts.
2. China Petrochemical Corporation (Sinopec)
China Petrochemical Corporation (Sinopec) or the Sinopec Group is the world's largest oil refining, gas and petrochemical conglomerate, was founded in 1998 and headquartered in Beijing. China. It operates in more than 70 countries. In March 2022, after achieving its highest profit in a decade, Sinopec plans to make its largest capital investment ever, mirroring Beijing's call for energy companies to increase production.
3. Dorf Ketal Chemicals (I) Pvt Ltd
Dorf Ketal Chemicals (I) Pvt Ltd is a specialty chemicals manufacturer and services provider with a global presence, founded in 1992 in Mumbai, and headquartered in Maharashtra, INDIA. In Jan 2023, Dorf Ketal Chemicals, a Mumbai-based speciality chemicals company, has acquired the global modified and synthetic acid business, including the Triton industrial business, from Canada's Fluid Energy Group for an undisclosed amount.
4. Mitsui Chemicals Inc.
Mitsui Chemicals Inc. is a Japanese chemicals company, was founded in 1997 and is headquartered in Tokyo, Japan. It has its global presence in various countries, including Taiwan, Singapore, Germany, Thailand, India, Malaysia, South Korea, the US, and Mexico. In September 2022, Re'PRMTM and PrasusTM were introduced by Prime Polymer Co., Ltd. as new polyolefin brands that will aid in the development of a society that is carbon-neutral (CN) and based on a circular economy (CE).
5. Nova Chemicals Corporation
Nova Chemicals Corporation is an American-Canadian petrochemical company which was founded in 1954 and headquartered in Calgary, Alberta, Canada. It operates in Canada ·Fribourg, Switzerland · Pittsburgh, PA, USA · Sarnia, ON, CA · Shanghai, China.
6. Sumitomo Chemical Co. Ltd
Sumitomo Chemical Co. Ltd is a major Japanese chemical company, was founded in 1913 and headquartered in Japan. It has operations across Americas, Europe, Asia and the Middle East, Africa and Oceania. In Feb 2023, it was announced that Sumitomo Chemical, Maruzen Petrochemical, and Mitsui Chemicals Will Examine the Feasibility of Collaborating to Achieve Carbon Neutrality at Japan's Keiyo Coastal Industrial Complex.
7. Honeywell International Inc.
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation, was founded in 1906 and headquartered in North Carolina, United States. It operates in across 70 countries worlwide. In March 2022, Honeywell has devised a new catalyst-coated membrane (CCMs) technology for the production of green hydrogen, which will be tested by electrolyzer manufacturers.
8. INEOS AG
INEOS AG Group Limited is a British multinational chemicals company, founded in 1998 and headquartered in London, England. It operates in 29 countries. In April 2023, INEOS Phenol successfully acquired Mitsui Phenols Singapore Ltd. This transaction includes the entirety of Mitsui Phenols' assets on Jurong Island, Singapore, and will increase annual capacity by more than 1 million tonnes. The agreement enables INEOS to support its global clients more effectively, while developing new Asian markets and relationships.
*Definition: Polymerization catalysts are molecules that regulate the synthesis of polymer chains from monomers. Monomer incorporation can be essential, as it can determine the properties of the ultimate product. The chemist can control the physical properties of the monomer chains through a variety of means, such as the application of metal centers and ligand scaffolds. In terms of their applications, polymerization catalysts are utilized in a variety of industries. They are primarily used to manufacture plastics like bags, film cover, and milk jugs.
