POLYMERIZATION CATALYSTS MARKET ANALYSIS

Market Challenges And Opportunities

Global Polymerization Catalysts Market: Drivers

• Rising demand for organo-metallic catalysts: Organo-metallic catalysts are essential components of the polymerization process of oligo-dienes and styrene, and are being utilized by the chemical industry to produce a growing number of plastic substances. Catalytic catalysts, including metallocenes and semi-sandwich catalysts, as well as nickel- and iron-based catalysts, are capable of modifying the polymer chain's microstructure. One of the primary drivers of the market discussed is the growth in the production of polymers including polyethylene and polypropylene.Technological Advancements in Polymerization catalysts market is the development of new and advanced polymerization catalysts is expected to drive the growth of the market. For example, in 2022, a team of researchers from the University of California, Berkeley, developed a new type of polymerization catalyst that can produce high-quality plastics with fewer impurities and waste.
• Increasing demand of refinery market in developing countries: The growing refinery market in Africa, the Middle East, and Asia Pacific could act as another key driver for the polyolefin catalyst market over the forecast period. Africa is a net importer of petroleum products, and its import requirements are projected to further increase. In 2021, in the Middle East region, large refinery and condensate splitter projects were completed in  Iraq, Iran, Saudi Arabia, Kuwait, and the U.A.E, whereas Oman and Qatar will also add to their capacities, by offering a scope for raising the production of polymers, and hence, contributing to the increase in the utilization of catalysts.

Global Polymerization Catalysts Market: Restraints

• Stringent rules and regulations on phthalate-based catalysts: Stringent rules and regulations on phthalate-based catalysts have been in place for several years, and they continue to impact the polymerization catalysts market. Phthalate-based catalysts are known to be harmful to human health and the environment, and as a result, many countries have implemented regulations to restrict their use. For instance, in 2021, the European Chemicals Agency (ECHA) added four phthalates to the REACH Candidate List of Substances of Very High Concern (SVHC). The European Union's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) regulation restricts the use of phthalate-based catalysts in the production of plastics