Lucintel's latest market report analyzed that polymerization catalyst provides attractive opportunities in the packaging, building & construction, electrical and electronics, automobile, personal care & cosmetic, furniture, household goods, and medical & healthcare end use industries. The polymerization catalyst market is expected to reach $5.0 billion by 2028 with a CAGR of 5.6%. In this market, polyethylene is the largest segment by application, whereas packaging is largest by end use industry.
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Based on application, the polymerization catalyst market is segmented into polyethylene, polystyrene, polypropylene, and polyvinyl chloride. The polyethylene segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing demand in various applications, such as electrical, packaging, and automotive industries, owing to its lower tensile strength, corrosion resistance, and excellent electrical insulating properties.
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The Polymerization Catalyst Market is marked by the presence of several big and small players. Some of the prominent players offering polymerization catalyst include LyondellBasell Industries, W. R. Grace and Co., Mitsui Chemicals, BASF SE, and Univation Technologies.
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