Zirconocene Dichloride Market - Forecast(2023 - 2028)

Zirconocene Dichloride Market Overview

The Zirconocene dichloride market size is estimated to grow with a CAGR of 3.6% from 2022 to 2027. Zirconocene dichloride is an organometallic compound composed of zirconium central atom with two cyclopentadienyl & chlorine ligands. The compound is made from zirconium (IV) chloride-THF complex and sodium cyclopentadienide and when reacted with lithium aluminum hydride it gives zirconocene hydrochloride. Zirconocene dichloride is majorly used as a catalyst in organic synthetic processes for making products like dyes, cosmetics and pharmaceuticals and also it is used in the making of polyethylene resin. Hence, due to its catalytic properties, zirconocene dichloride is used in sectors like automotive, construction, textiles, cosmetics, plastics and pharmaceuticals. Factors like an increase in construction activities, the growing production volume of automobiles and an increase in consumption of cosmetics are driving the growth of the Zirconocene dichloride market. However, the negative effects of zirconocene dichloride if exposed to the human body, can restrict its industrial usage which can hamper the growth of the Zirconocene dichloride industry.

COVID-19 Impact

Necessary measures taken by countries all across the world such as implementing lockdown had a negative impact on major end users of Zirconocene dichloride such as automotive, construction and plastics. Lack of availability of labor and stoppage of raw material supplies led to a decrease in the productivity of these sectors. For instance, according to the International Organization of Motor Vehicle Manufacturing, in 2020, the global motor vehicle production was 77.7 million units showing a decrease of 13% compared to 2019. Also, according to Office for National Statistics, in 2020, new construction work in Great Britain including private housing and private commercial buildings decreased by 11.9% as the impact of Coronavirus. Further, according to Plastic Europe, in 2020, European plastic production was 55 million tons showing a decrease of 5% compared to 2019. Zirconocene dichloride as a catalyst is used in the production of polyethylene which is majorly used in these sectors. Hence the decrease in productivity of such sectors reduced the demand for polyethylene in them, which negatively impacted the usage of zirconocene dichloride in polyethylene production. This decreased the growth of the zirconocene dichloride industry.

Report Coverage

The “Zinconocene Dichloride Market Report – Forecast (2022 – 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Zinconocene Dichloride Industry.

Key Takeaways

• Asia-Pacific dominates the Zirconocene Dichloride industry as the region consists of economies like China & India which have major end users of zirconocene dichloride like automotive and construction.
• Zirconium dichloride is the most important polyethylene catalyst, as it helps to initiate and control the reaction between ethylene and oxygen molecules, leading to the formation of polyethylene chains.
• The increasing demand for high-quality and low-cost polyethylene (PE) products such as blow molded milk bottles, caps and agriculture mulch will lead to more usage of zirconocene dichloride catalyst in their production.

Figure: Asia-Pacific Zirconocene Dichloride Market Revenue, 2021-2027 (US$ Million)

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Zirconocene Dichloride Market Segment Analysis – by Form

Crystal held a significant share in the Zirconocene Dichloride market in 2021 and it is expected to grow with a CAGR of 3.9% during the forecast period. Zirconocene dichloride is found in little white needle crystals which are used as stabilizers for acid anhydrides and as catalysts in the organic synthesis process. Rapid development in major end users of organic synthesis products like plastics and automotive has positively impacted the usage of zirconocene dichloride. For instance, according to Plastic Europe, in 2019, world plastic production was 368 million tons showing an increase of 2% compared to 2018. Further, according to European Automobile Manufacturing Association, over the first 10 months of 2021, new car registrations in the EU were up 2.2% totaling around 8.2 million units, compared to 2020. An increase in the productivity of automobiles and plastics will create more demand for organic synthesis products like dyes which are used in them. This result in more usage of zirconocene dichloride in dyes production. This will positively impact the growth of the Zirconocene Dichloride industry.

Zirconocene Dichloride Market Segment Analysis – by End User

The construction sector held a significant share in the Zirconocene Dichloride market in 2021 and it is estimated to grow with a CAGR of 4.1% during the forecast period. Zirconocene dichloride consisting of cyclopentadienyl ligands is used as a polymerization catalyst for making polyethylene resins, which is used in the construction sector in concrete curing, as lining material and as roofing sheets. The rapid development in the construction sector and increasing rate of construction activities have positively impacted the usage of polyethylene. For instance, according to Statistics Canada, in January 2021, total residential and non-residential construction was 7.8 million showing a 6% increase from 2020 same month. Further, according to US Census Bureau, in January 2022, total construction output was 1.67 million showing an increase of 8% compared to 2021 same month. Such an increase in the productivity of the construction sector will create more demand for polyethylene to be used in construction, resulting in more usage of zirconocene dichloride as a polymerization catalyst for polyethylene production. This will positively impact the growth of the Zirconocene Dichloride industry.

Zirconocene Dichloride Market Segment Analysis – by Geography

Asia-Pacific held the largest share in the Zirconocene Dichloride market in 2021, with a share of over 27%. The region consists of major end users of zirconocene dichloride in economies like China, India, Indonesia and Thailand; with China having the largest automotive and construction market. Rapid economic development has increased the rate of industrialization in these countries, thereby increasing the industrial productivity of these sectors. For instance, according to the International Organization of Motor Vehicles Manufacturer, in 2021, Asia held a 50% share of global automobile production volume, with China producing 26 million units, India 4.3 million units, Thailand 1.6 million units and Indonesia 1.12 million units. Further, according to the National Bureau of Statistics, in 2020, total construction output was 16.1 million units showing an increase of 4% compared to 2019. Such an increase in the productivity of major end users of zirconocene dichloride will increase its usage in them, which will boost the growth of the Zirconocene Dichloride industry.

Zirconocene Dichloride Market Drivers

Increase in Construction Activities

Zirconocene Dichloride prepared from sodium cyclopentadienone is used as a catalyst in polyethylene production. Polyethylene is majorly used in the construction sector for making corrosion-resistant pipes, damp-roof membranes, lining materials for foundations and flashing materials for doors & windows. Economic development and rapid urbanization have increased the level of construction activities. For instance, according to the National Institute of Statistics and Economic Studies, in March 2021, construction output in France increased to 56.7% compared to a decrease of -41.1% in 2020 same month. Further, according to Statistics Canada, in January 2022, the overall, non-residential construction investment increased by 1.5%, reaching the $5.0 billion mark for the first time since June 2020. The increase in construction output & investments will create more demand for polyethylene in the sector. This results in more usage of Zirconocene dichloride as a catalyst in polyethylene production, which will boost the growth of the Zirconocene Dichloride industry.

Growth in Production of Automotive

Zirconocene Dichloride composed of zirconium central atom, as a catalyst is used in the organic synthesis process, which is used to make products like dyes that are majorly used in automotive leathers. The increase in purchase capacity, improvement in living standards and rapid urbanization have led to an increase in the demand for new automotive vehicles, thereby increasing their production volume. For instance, according to the International Organization of Motor Vehicle Manufacturing, in 2021, the global production volume was 80.1 million units showing an increase of 3% from 2020. Such an increase in global automobile production level will create more demand for dyes for automotive leather. This results in more usage of zirconocene dichloride in the organic synthesis process for dyes production, which will have a positive impact on the growth of the Zirconocene Dichloride industry.

Zirconocene Dichloride Market Challenges

Negative Impact on Health

If Zirconocene Dichloride comes in contact with human skin, hand or face, it can cause an allergic reaction which leads to skin irritation and eye irritation. Moreover, if the material is exposed to elevated temperatures or open flames, it creates irritating fumes and organic acid vapors which can cause irritation to the respiratory tract. Such a negative impact on human health by zirconocene dichloride can restrict its usage, which can hamper the growth of the Zirconocene Dichloride industry.

Zirconocene Dichloride Industry Outlook

The companies that develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. The top 10 companies in the Zirconocene Dichloride are:

1. CM Fine Chemicals
2. Santa Cruz Biotechnology Inc.
3. Boulder Scientific
4. Kinbester Co. Ltd.
5. Carbone Scientific Co. Ltd.
6. Merck Schuchardt OHG
7. Intatrade Chemicals GmbH
8. Simagchem Corporation
9. Haihang Industry Co. Ltd.
10. Infine Chemicals Co. Limited

Recent Developments

• In 2021, Best Agrolife Limited a leading manufacturer of agrochemicals acquired Best Crop Science Ltd., and this acquisition will increase the product portfolio of the company in agrochemicals.
• In 2021, Kiri Industries started the first phase of commercial production of specialty intermediates dye at its Vadodara plant and such production will reduce the company’s reliance on several dye raw materials from China.
• In 2020, Polyethylene Containers leading manufacturer of polyethylene drums and feeders acquired Rehrig Pacific another manufacturer of packaging containers and this acquisition will enable the polyethylene container market in the packaging sector.

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