Luton, Bedfordshire, United Kingdom, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Metallocene Polyethylene Market.
The global metallocene polyethylene’ market is expected to grow at 6.95% CAGR from 2023 to 2029. It is expected to reach above 9.24 USD billion by 2029 from 5.20 USD billion in 2022.
Metallocene A remarkable type of elastomer produced by combining metallocene catalysts with copolymers is polyethylene, also known as mPE. It possesses characteristics like a consistent co-monomer content, a thin atomic weight circulation, greater cut and injury resistance, high endurance, tensile strength, and solidity. The growing demand for MPE from the packaging sector and the solar energy sector is anticipated to drive the growth of the metallocene market. When compared to other catalysts, polyolefins are significantly more expensive, and growing concerns about the elimination of plastic are impeding market growth.
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List of Innovations
- Borealis and Borouge collectively launched a barnd called Anteo under their brand name. This new venture will be used for the production of linear low density polyethylene packaging mainly used for packaging.
- A new polyethylene plant was launched by Reliance Industries Limited collaboration with UNIPOL Process of the Univation Technologies. This new plant is used for the production of a wide range of PE products such as bimodal, UNIMODAL hdpe, MDPE, LLDPE, and metallocene.
Advantages
- High resistance to impact,
- perforation and tearing
- Easy processing with great resistance to melting
- Excellent sealing (as shown by SIT and Hot Tack testing)
- Excellent optical properties
- Specific for multilayer film extrusion
The Asia Pacific region is dominating the metallocene polyethylene market, due to rising healthcare sector and plastic market expansion.
Asia Pacific is expected to be the market’s dominant and fastest-growing regional segment. This expansion might be ascribed to the rising demand for packaging films in the food and beverage industries. Due to the developing food, beverage, and retail industries, India’s packaging business is growing at a rapid pace. Furthermore, the healthcare industry is expanding steadily, with regular increases in healthcare spending and medical facilities throughout the country.
Increasing demand for Metallocene-based high-density polyethylene grades has driven the market growth.
Metallocene-based high-density polyethylene grades have strong impact strength and environmental stress crack resistance (ESCR), as well as excellent organoleptic characteristics and processability.
Due to the wide molecular weight distribution, the processability is said to be comparable to that of traditional Ziegler-Natta-catalyzed PE. Meanwhile, increased co-monomer content in high molecular weight chains results in greater impact strength and ESCR. The co-monomer links predominantly to shorter chains in Ziegler-Natta-catalyzed HPDE, but in traditional mPE, they bond to both low and high molecular weight chains in nearly equal amounts.
Heat Transfer Fluids Market Report Scope
| Report Attribute | Details |
| Market size value in 2022 | 5.20 USD billion in 2022 |
| Revenue forecast in 2029 | 9.24 USD billion by 2029 |
| Growth rate | CAGR of 6.95% from 2023 to 2029 |
| Base year for estimation | 2022 |
| Historical data | 2018 - 2022 |
| Forecast period | 2023 - 2029 |
| Quantitative units | Volume in kilo tons, revenue in USD million and CAGR from 2023 to 2029 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product, application, region |
| Regional scope | North America; Europe; China; Asia; Pacific; Central & South America; MEA |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Poland; Spain; India; Japan; Thailand; Malaysia; Indonesia; Vietnam; Singapore; Philippines; Brazil; Argentina; Saudi Arabia; UAE; Oman |
| Key companies profiled | The Dow Chemical, ExxonMobil Corporation, Univation Technologies, Lyondellbasell Industries Holdings B.V., Total Petrochemicals & Refining USA, Inc., Sasol Limited, Braskem, Reliance, Mitsui, SABIC, Borealis, and others. |
Metallocene Polyethylene Market Players
The global metallocene polyethylene’ market key players include The Dow Chemical, ExxonMobil Corporation, Univation Technologies, Lyondellbasell Industries Holdings B.V., Total Petrochemicals & Refining USA, Inc., Sasol Limited, Braskem, Reliance, Mitsui, SABIC, Borealis, and others.
Manufacturers of mPE resins are also focusing on working with major market players and expanding R&D efforts to create new mPE grades. Various businesses are focusing on organic growth tactics such as new launches, product approvals, and other things like patents and events. Mergers & Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the market. These initiatives such as developing new products and upgrading others, have paved the road for market participants to expand their business. These market players in the metallocene polyethylene market are expected to benefit from attractive growth prospects in the future.
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Key Market Segments: Metallocene Polyethylene Market
Metallocene Polyethylene Market by Type, 2023-2029, (USD Million) (Kilotons)
- Metallocene Linear Low-Density Polyethylene (MllDPE)
- Metallocene High-Density Polyethylene (MHDPE)
Metallocene Polyethylene Market by Application, 2023-2029, (USD Million) (Kilotons)
- Films
- Sheets
- Injection Molding
- Extrusion Coating
Key Metallocene Polyethylene Market Driver
One of the key factors driving growth in the metallocene polyethylene market is the shift from rigid packaging to flexible plastic packaging.
Due to advantages like elasticity, sturdiness, and lightweight nature, end users are switching from rigid to flexible plastic packaging in a variety of industries like food and beverage, healthcare, personal care, and others. Products with rigid packing, like those made of metal and glass, are prone to corrosion and damage. Flexible plastic packing, on the other hand, has great tensile strength and barrier qualities. The demand for flexible plastic packing has increased as people place more emphasis on speed and ecology. The development of flexible plastic packaging will ultimately be fueled by its advantages over rigid plastic packaging. Given that mPE has a significant utility in film packing, particularly in flexible films, it will increase demand in the market under consideration.
Key Metallocene Polyethylene Market Trend
The volatility in raw material prices will be a major challenge for the metallocene polyethylene market during the forecast period.
The costs of the basic ingredients used to make mPE films are incredibly erratic. Global PE packaging market expansion is being hampered by the price volatility of petroleum-based raw materials and the rising demand for goods with PE packaging in developing countries. Due to their dependence on the price of crude oil, PE container varieties like LDPE and HDPE are subject to frequent price fluctuations (because they are petroleum derivatives). The structural mismatch between supply and demand in the global crude oil market is what drives the price of crude oil to experience large swings. Fluctuations in the cost of raw materials can make the market unpredictable, which has a negative impact on manufacturing costs and sellers' profit margins. As a result, the sellers in the target market face a lot of difficulties as a result of the fluctuation in crude oil costs.
Key Metallocene Polyethylene Market Challenge
The emergence of recyclable packaging films is another factor supporting the metallocene polyethylene market share growth.
The demand for reusable flexible plastic packaging has increased as a result of a rise in the need for sustainable packaging and a decrease in the use of plastic packaging due to environmental worries. The majority of flexible plastic packaging's end consumers have been concentrating on launching different campaigns to promote the use of recyclable packaging.
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