The global metallocene polyethylene market was valued at US$ 4,633.4 Mn in 2018, according to 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, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights.
The global metallocene polyethylene market is projected to reach US$ 7,767.4 Mn by 2027, exhibiting a CAGR of 6.0% during the forecast period (2019-2027). The market is expected to witness significant growth over the forecast period, on account of 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, 2018, over 335 million tons of plastic is manufactured, annually, of which polyethylene accounts for around 35% and 16% of the overall polyethylene is used to produce films for different end user applications.
Metallocene polyethylene has several advantages such as excellent optical properties, high impact resistance, excellent sealing and significant reduction in film thickness compared to HDPE, LDPE, and LLDPE, and offers a faster and efficient packaging process. These properties promote use of metallocene polyethylene in several end-use industries such as agriculture, packaging, automotive, construction, and healthcare. Exceptional properties of metallocene polyethylene films combined with their wide range of applications are expected to result in increasing 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 Coherent Market Insights analysis, the global packaging sector is expected to exhibit 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.
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