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Polyolefin Catalyst Market registering a CAGR of 4.8% from 2019 to 2026

Author : Ravi Chawat | Published Date : 2020-10-19 

According to the report published by Global Market Insights, Inc., the global polyolefin catalyst market was valued at $2.1 billion in 2018 and is anticipated to hit $3.1 billion by 2026, registering a CAGR of 4.8% from 2019 to 2026. The report provides a detailed evaluation of the market size & estimations, top winning strategies, key investment pockets, drivers & opportunities, wavering market trends, and competitive scenario.

The demand for packaged goods has increased owing to the rising urbanization in combination with the growing global economies. Packaging plays an important role as it is a part and parcel of home delivery, significantly impacting logistics as well as customer satisfaction. As per the Tetra Pak Index, the internet is boosting online grocery shopping and revolutionizing the grocery trade, taking a greater share of the food retail sector.

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Key reasons for polyolefin catalyst market growth:

  1. Rising consumer spending trends and surging disposable income levels in developing nations.
  2. The growing need for replacing heavy parts with lightweight materials in aerospace and automotive applications.
  3. Developments in the biomedical industry that would create new potential uses of polyolefin components.

2026 forecasts show growing consumption across various industries with infrastructure & construction leading the charge:

Based on the classification, polypropylene and polyethylene plastics are majorly consumed by industries like packaging, infrastructure & construction, medical, agriculture, automotive, construction, electrical & electronics, and pharmaceutical.

Increasing construction spending together with rising infrastructural investments and government infrastructure projects are anticipated to fuel the growth of the polyolefin catalyst market over the projected time period.

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected].org | https://twitter.com/RaviChawat

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