Polymerization Catalysts Market - Forecasts from 2025 to 2030
The polymerization catalysts market is valued at a CAGR of 5.43%, reaching a market size of US$2.767 billion in 2030 from US$2.124 billion in 2025.
The overall growth of the polymerization catalysts market is due to its application in a significant number of processes. For instance, organometallic catalysts play an important role in the polymerization of olefins, dienes, and styrene. These are being used to produce several plastic materials. Catalysts, such as metallocenes, half-sandwich, nickel, and iron complexes, are utilized in the microstructure of the polymer chain.
Polymers are used in manufacturing plastics and above-average growth rates as materials. This increase is caused by new catalysts which tailor the polymer structure. One of the major factors driving the polymerization catalysts market growth is the increasing production of polymer resins, such as polyethylene, polypropylene, polyvinyl chloride, and polyurethane.
In 2023, the United States consumed an estimated 4% of world chromite ore production in various forms of imported materials. Stainless steel and heat-resisting steel producers were the leading consumers of ferrochromium. Stainless steels and superalloys require the addition of chromium via ferrochromium or chromium-containing scrap. The value of chromium material consumption was estimated to be about $830 million in 2023 in the United States.
Polymerization catalysts market drivers
Expansion of polymer resin productionThe demand for the plastic industry causes the expansion of polymer resin production. Several companies have moved toward the development of the polymer industry. For instance, in June 2024, INEOS prevented one million tonnes of waste from going to landfills yearly by becoming the world’s first polymer producer with technology for developing recyclable flexible films. The multi-million Euro investment would prevent around one million tonnes of waste from being sent to landfills each year. Flexible films would provide lightweight, low-emission packaging for transporting goods.
Moreover, in June 2023, Arkema broadened its range of polymers by acquiring a significant stake in PI Advanced Materials. It was an acquisition of Glenwood Private Equity’s 54% stake in the listed South Korean company PI Advanced Materials (PIAM) for €728m enterprise value. This would allow the company to broaden Arkema’s polymer range and strengthen its advanced materials segment’s portfolio.
Polymerization catalysts market geographical outlook
The polymerization catalysts market is segmented into five regions worldwideBy geography, the polymerization catalysts market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.
The Asia Pacific region is expected to see the fastest growth in the polymerization catalysts market due to increasing applications in the production of consumer goods. North America is expected to have a significant market share in the polymerization catalysts market due to its major utilization in the chemical industry.
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Report Coverage:Historical data & forecasts from 2022 to 2030
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The polymerization catalysts market is segmented and analyzed as follows:By ClassificationPolyolefin Catalysts
Condensation Polymer Catalysts
Thermosetting Polymer Catalysts
Additional Polymer Catalysts
By CatalystZeigler-Natta
Single-site
Chromium
Peroxide
Other Catalysts
By GeographyNorth America
USA
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Middle East and Africa
Saudi Arabia
UAE
Rest of the Middle East and Africa
Asia Pacific
China
India
Japan
South Korea
Taiwan
Thailand
Indonesia
Rest of Asia-Pacific