30 September 2019 -Global Metallocene
Polyethylene Market is projected
to witness substantial growth in the forecast period due to rise in demand for
metallocene polyethylene from packaging sector. Metallocene polyethylene, also
known as linear metallocene, are the high performing polymers. They are widely
used in numerous film applications, agriculture, packaging, building and
construction, and industrial uses. They significantly enhance the
characteristics of polyethylene and result in better finished product.
Metallocene polyethylene is highly wear and tear resistant, can be easily
processed with better resistant to melting, and hold brilliant optical
properties.
Reasons
for the growth of metallocene polyethylene (mPE) market includes increasing
popularity of metallocene polyethylene in plastic products, growth of plastic
industry, and growing demand from several end use industries, such as personal
care, food and beverages, consumer goods and electronics, among others.
Additionally, manufacturers are increasingly adopting growth strategies like
collaborations, which is propelling the market. However, increasing concerns
for plastic products and films is restraining the metallocene polyethylene
market. Low awareness and easy availability of cheaper substitutes is also
hampering the market.
Rise
in investments for research and development for the introduction of new grades
of metallocene polyethylene is tending in the market. Manufacturers are
focusing on developing and introducing products for various industrial use and
increasing their customer base.
Metallocene
polyethylene market is categorized on the basis of product type, catalyst type,
application, and geography. On the basis of product type, market is divided
into metallocene High Density Polyethylene (mHDPE), metallocene Linear
Low-Density Polyethylene (mLLDPE), and others. Metallocene Linear Low-Density
Polyethylene (mLLDPE) segment is anticipated to hold larger share of the market
in the near future owing to wide applications in several end use industries.
Metallocene Linear Low-Density Polyethylene (mLLDPE) hold characteristics like
highly resistant towards puncture and damage and excellent tensile strength.
Based on catalyst type, the market is split into ferrocene, zirconocenes,
titanocene, and others.
In
terms of application, metallocene polyethylene market is divided into injection
moulding, films, extrusion coating, sheets, and others. Film segment is
projected to lead the market in forecast period owing to wide applications in
packaging. Metallocene Polyethylene provides secure packaging due to damage
resistance and high flexibility.
Based
on end users, the market is divided into food & beverage, building &
construction, packaging, healthcare, automotive, agriculture, and others.
Packaging segment is expected to lead the market due to high demand for
metallocene polyethylene. Further, food and beverage and healthcare industries
also account for significant share in future.
Geographically,
metallocene polyethylene industry is segmented as North America, South America,
Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to
dominate the market in the forecast period owing to the high demand for
metallocene polyethylene from several end use industries of developing
economies like Japan, China, and India. Furthermore, North America and Europe
also account for significant share of the market in future.
The
major players in metallocene polyethylene market comprise Chevron Phillips
Chemical Company, Univation Technologies, Exxon Mobil Corporation, Tricon
Energy Inc., INEOS Olefins and Polymers, The Dow Chemical Company, R. POLYMERS
PVT. LTD., B LyondellBasell Industries Holdings. V, ChemChina, Repsol, Total
Petrochemical & Refining USA Inc., Reliance Industries Limited, Borealis
AG, Braskem, and Prime Polymer Co. Ltd., among others.
Market Segment:
Leading players of Metallocene
Polyethylene including:
•
ExxonMobil
•
Dow Chemical
•
Total Petrochemical & Refining
•
Chevron Phillips Chemical
•
SK
•
Univation Technologies
•
Prime Polymer
•
LyondellBasell Industries
•
Daelim
•
INEOS Olefins and Polymers
•
Nova Chemical
•
Borealis
•
UBE
•
Qilu Petrochemical
Market split by Application, can be
divided into:
•
Film
•
Sheet
•
Injection Molding
•
Extrusion Coating
•
Others
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