Metallocene Polyethylene Market to Surpass US$ 9,725.9 Mn by 2030
Global Metallocene Polyethylene Market was valued at US$ 5,887.8 Mn in 2022 and is estimated to reach US$ 9,725.9 Mn by 2030, exhibiting a CAGR of 6.47% during the forecast period (2023-2030). According to Global Metallocene Polyethylene Market Report, By Product Type (mHDPE, mMDPE, mLLDPE, and Others), By Application (Films, Sheets, Injection Molding, Extrusion Coating, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) as highlighted in a new report published by Coherent Market Insights.
The market is expected to witness significant growth over the forecast period, owing to increasing demand for metallocene polyethylene from end user industries. Furthermore, exceptional properties of metallocene polyethylene films are also expected to drive the market growth over the forecast period. According to Plastics Europe, in 2018, over 335 million tons of plastic is manufactured annually, out of which, polyethylene accounts for around 35% and 16% of the overall polyethylene that is used to produce films for different end use applications. Metallocene polyethylene has several advantages such as excellent optical properties, high impact resistance, excellent sealing and significant reduction in film thickness as compared to HDPE, LDPE, and LLDPE, and offers a faster and efficient packaging process. These properties promote usage of metallocene polyethylene in several end use industries such as agriculture, packaging, automotive, construction, and healthcare.
Exceptional properties of metallocene polyethylene films along with its wide range of applications are expected to boost demand for metallocene polyethylene films during the forecast period. Moreover, rapid growth of the plastic industry, and increasing demand for packaging materials is also expected to offer lucrative growth opportunities for players operating in the metallocene polyethylene market over the forecast period. For instance, according to the analysis, the global packaging sector is expected to witness high growth during the forecast period, owing to increasing plastic consumption. Asia Pacific is a major contributor in growing packaging sector, supported by high demand from emerging economies such as India, and China.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/metallocene-polyethylene-market-3009
Browse 45 market data tables* and 30 figures* on "Global Metallocene Polyethylene Market”- Global forecast to 2030.
Key Takeaways of the Market:
- On the basis of product type, mLLDPE segment accounted for 65.0% revenue share in the global metallocene polyethylene market in 2018. LLDPE is manufactured using metallocene catalysts, and is labeled as mLLDPE. Linear low density polyethylene or mLLDPE has high resistance to impact and tensile along with high flexibility and elasticity. Therefore, it is used in manufacturing of thin films. These properties are expected to boost demand for mLLDPE over the forecast period.
- Among region, Asia Pacific accounted for a revenue share of over 39.4% in the global metallocene polyethylene market in 2022, and is expected to maintain its dominance over the forecast period. Growing plastic industry in New Zealand is expected to propel demand for metallocene polyethylene over the forecast period. For instance, according to the report titled 'Beyond commodities: Manufacturing into the future' published by the Ministry of Business, Innovation and Employment of New Zealand Government, in 2018, the revenue of plastics and rubber industry in New Zealand was US$ 2,222.1 Mn in 2011, and reached US$ 2,453.3 Mn in 2016, exhibiting a CAGR of 2.0% for the period 2011 to 2016.
- Major players operating in the global metallocene polyethylene market includeBorealis 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
