METALLOCENE POLYETHYLENE MARKET ANALYSIS

Global metallocene polyethylene market was valued at US$ 5,887.6 Mn in 2022, and is expected to exhibit a CAGR of 6.47%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 9,725.9 Mn by 2030. Global metallocene polyethylene market is expected to witness significant growth over the forecast period, owing to excellent optical properties of mPE resins and its rising usage in packaging industry. Moreover, new generation metallocene polyethylene films offer improved mechanical strength, increased optical properties, greater stiffness, and high tensile strength. New generation metallocene polyethylene is suitable for different range of film applications in industrial, food, and hygiene packaging.

Global Metallocene Polyethylene Market: Growth Drivers

Demand for metallocene polyethylene from packaging industry

Global metallocene polyethylene market is expected to witness growth in demand for metallocene polyethylene, as metallocene based high-density polyethylene grades are gaining popularity due to its benefits and diverse applications in various end uses. Increasing adoption of metallocene plastics in emerging nations leads to growth of plastic industry The upsurge in the demand for metallocene polyethylene from packaging industry is expected to drive the market growth.

Benefits and diverse applications in various end use Industry

Global metallocene polyethylene market growth is driven by factors such as rising scope in new applications and growing food and beverage industry. Furthermore, rising need for injection molded products such as agriculture products, garbage receptacles, food containers, plumbing products, toys, and medical productsis expected to drive the market growth. Also, increasing demand for metallocene polyethylene from solar power industry is expected to drive growth of global metallocene polyethylene market.  

Global Metallocene Polyethylene Market: Market Restraints

Rising concern about the disposal of plastic films and products

High cost of polyolefin as compared to other catalysts, and rising  concern about the disposal of plastic films and products is expected to hamper the market growth. Also, lack of consumer awareness and presence of low-quality substitutes will further pose challenges to growth of global metallocene polyethylene market.

Global Metallocene Polyethylene Market: Market Segmentation

On the basis of application, global metallocene polyethylene market is segmented into films, sheets, injection molding, extrusion coating, and others. In 2022, the films segment held the dominant position in the global market. mPE films is used in various end use industries such as automotive, building & construction, and food & beverages packaging. The exceptional properties of mPE films such as improved toughness and high moisture properties is expected to boost the segment revenue in the global metallocene polyethylene market over the forecast period.

Figure 1. Global Metallocene Polyethylene Market, By Application, 2022

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Global Metallocene Polyethylene Market: Regional Analysis

Asia Pacific accounted for the largest revenue share of 39.4% in the global metallocene polyethylene market in 2022, and is projected to continue its dominance during 2023-2030. Furthermore, North America is expected to witness significant growth of 6.1% in the global metallocene polyethylene market during the forecast period. Increasing demand for metallocene polyethylene in packaging industry, owing to features offered by metallocene polyethylene is expected to drive growth of the market in North America during the forecast period.

For instance, metallocene linear low density polyethylene (mLLDPE) offers high transparency and high gloss, when it is transformed into a film. Furthermore, its extraordinary tear and puncture resistance properties are useful in packaging applications. Key players are focusing on adopting strategies such as product development and launches, in order to expand their business in North America metallocene polyethylene market. For instance, Repsol Company, a company that produces metallocene linear low density polyethylene (mLLDPE) and high density polyethylene (HDPE), has presence in the U.S., Canada, and Mexico, and offers metallocene polyethylene worldwide. In 2016, the company launched its new metallocene polyethylene range under the trade mark Repsol Resistex.

Figure 2. Global Metallocene Polyethylene Market, By Region, 2022

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Global Metallocene Polyethylene Market: Recent Developments

• In July 2019, Reliance Industries Limited (RIL), designed a new capacity for polyethylene plant by using Univation Technologies’ UNIPOL PE Process. This plant is capable of manufacturing a wide range of PE products such as metallocene & LLDPE, MDPE, and unimodal & bimodal HDPE.
• In October 2017, Borouge and Borealis launched a brand named Anteo, which linear LLDPE (linear low density polyethylene) packaging grades mainly for the packaging segment. Anteo finishes the full solution, and offers high performance flexible packaging applications enabled by Borealis Borstar Bimodal Terpolymer (BBT) Technology.
• In May 2018, the Dow Chemical Company, acquired the complete ownership of Univation Technologies. This was a 50/50 joint venture between Dow and Exxon Mobil Chemical Company. This development strategy enabled Dow to focus on investing in businesses with strong competitive positions in attractive markets.
• In July 2017, NOVA Chemicals Corporation, completed the acquisition of Williams Partners L.P.’s indirect ownership interest in the Geismar, Louisiana, U.S., olefins plant. It is the largest refining and petrochemical production hub in North America. This development strategy enabled the company to enhance the production capacity of ethylene and strengthen its foothold in the LLDPE market.

Global Metallocene Polyethylene Market: Key Companies

Major players operating in the global metallocene polyethylene market include Borealis AG, Formosa Plastics Corporation, Chevron Phillips Chemical Company, SABIC, INEOS Group Limited, Dow Inc., LyondellBasell Industries N.V., ExxonMobil, Total Petrochemicals USA, and Brentwood Plastics.

Definition: Metallocene polyethylene is a high performance polymer that is used in food & beverages packaging, agriculture, and several industrial applications. Products such as sheets and films made from metallocene polyethylene (mPE) resins that  have high tensile strength, and are used in various industrial products such as custom marine parts, water tanks, chemical storage containers, and in consumer products such as food packaging materials, heavy-duty sacks, and stretch films.