Market Synopsis
Metallocene Polyethylene is the special class
of polyethylene produced using metallocene catalyst usually in the presence of
copolymers. Metallocene polyethylene has narrow, uniform composition, and
molecular weight distribution. It shows superior mechanical properties such as
superior damage & puncture resistance, superior stiffness & toughness,
good processability, good shrink characteristics, excellent optical properties,
and low welding & sealing temperatures over conventional polyethylene
produced using Ziegler-Natta catalyst.
Growing packaging industry due to rise in the
demand for packaging materials across the globe is the key driver to the growth
of the global metallocene polyethylene products over the forecast period.
Additionally, growing market for injection molded products such as food
containers, agriculture products, toys, garbage receptacles, plumbing products,
and medical products are also attributed to the growth of the market during the
forecast period. Growing food & beverage industry is likely to drive the
demand for extrusion coated products including milk packaging, deep freeze
packaging, and others. Therefore, it is expected to impact the global
metallocene polyethylene products positively during the forecast period.
Furthermore, metallocene polyethylene resins are largely substituting PVC and
EVA as a raw material for manufacturing films.
The global metallocene polyethylene market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Asia Pacific is expected to be the largest and the fastest growing market for metallocene polyethylene during
the forecast period. Rapid industrialization is likely to showcase a
considerable demand for packaging materials in wrapping as well as safety
applications during the forecast period. For instance, growing food &
beverages industry is likely to exhibit strong demand for extrusion coated
packaging such as milk tetra packaging, beverage packaging, snacks packaging,
and others. Growing construction industry due to rapid urbanization is likely
to drive significant demand for heavy-duty packaging & bags and injection
molded products over the forecast period. Additionally, growing e-commerce
market is expected to fuel the product demand during the forecast period.
Furthermore, end-use industries such as automotive, agriculture, healthcare,
and others are also likely to support the market growth for packaging applications.
North America is expected to be the second-largest market for the
metallocene polyethylene during the forecast period. The Building &
renovation industry is likely to drive a rapid demand
for heavy duty bags and injection molded products, which, in turn, drive the
product market. Established food & beverage industry owing to high consumer
preference for convenience food is expected to show a bolstering demand for
metallocene polyethylene for multilayer packaging & films applications
during the forecast period.
Europe is expected to be another major
market for metallocene polyethylene during the forecast
period. Significant demand from the packaging materials as well as injected
molded polyethylene products from the strong regional automotive industry is
likely drive the regional market. The
microelectronics industry is also
expected to experience high demand for packaging materials and boost the product
market. Furthermore, end-use industries such as food & beverage, building
& construction, agriculture, healthcare are
likely to contribute to the market demand during the forecast period.
Latin America is expected to show the sluggish demand for metallocene polyethylene due to slow
industrialization during the forecast period.
The Middle East & Africa is likely to exhibit the least demand
of metallocene polyethylene during the forecast period owing to their stringent
regulation against the use of plastics on account of their low
biodegradability.
Competitive Analysis:
Some of the key players in
the global metallocene
polyethylene market are SABIC (Saudi Arabia), Exxon
Mobil Corporation. (U.S.), Brentwood Plastics, Inc. (U.S.), Chevron Phillips
Chemical Company (U.S.), Univation Technologies, LLC. (U.S.), TOTAL
Petrochemicals USA, Inc (U.S.), Chemieuro (Spain), INEOS (UK), DowDuPont, Inc. (U.S.), Formosa Plastics Corporation (U.S.), Reliance
Industries Limited (India), LyondellBasell
Industries Holdings B.V. (Netherlands), and Borealis AG (Austria).
Market
Segmentation:
The global metallocene polyethylene market is
segmented by type, catalyst type, application, end-use
industry, and region.
On the basis of the type, the global metallocene polyethylene market is segmented into metallocene linear low-density polyethylene
(mLLDPE), metallocene low-density polyethylene (mLDPE),
metallocene high density polyethylene (mHDPE), metallocene medium-density
polyethylene (mMDPE), and others.
On
the basis of the catalyst type, the
global metallocene polyethylene market is segmented into zirconocene, ferrocene, titanocene, and others.
On the basis of the
application, the global
metallocene polyethylene market is segmented into packaging films, packaging sheets, injection molding, extrusion
coating, and others.
On the basis of the end-user
industry, the global metallocene
polyethylene market is segmented into packaging,
food & beverage, automotive, building & construction, agriculture,
healthcare, and others.
No comments:
Post a Comment