Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Metallocene Polyolefin (mPO) - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The latest global strategic business report on Metallocene Polyolefin (mPO) reveals a vibrant market expected to expand significantly to reach an impressive valuation of US$31 Billion by 2030.
With a compound annual growth rate (CAGR) of 9.3% from 2022-2030, the mPO market is adjusting to various economic and industrial shifts across regions. This robust growth trajectory identifies Metallocene Polyethylene (mPE) as a key player, predicted to achieve a 9.8% CAGR and amass a noteworthy US$22.2 Billion by the decade's close. Moreover, particular attention is drawn to the Metallocene Polypropylene segment, which is forecasted to expand at an 8.1% CAGR.
The United States Marks a Solid Foundation in the mPO Market with Growth Predicted at $3.2 Billion
With a robust industrial foundation, the United States lays down a solid base for the mPO market, estimated at US$3.2 Billion in 2022. Yet it is China's market that is heralded for exponential growth, projected to achieve an 11.5% CAGR, significantly above the global average.
By 2030, predictions set the Chinese market size at an outstanding US$6.6 Billion. Other geographic regions contributing to global market expansion include Japan and Canada, with anticipated growth rates of 6.5% and 8.1% respectively. Europe's market strength is represented through Germany, which is poised to grow at a 7.6% CAGR.
Competing Forces in the Metallocene Polyolefin Landscape
In an industry comprising of numerous key players, the report features a total of 21 companies that hold significant market influence. These market leaders are driving innovation and setting competitive standards within the Metallocene Polyolefin sector.
- Borealis AG
- Braskem SA
- Chevron Phillips Chemical Company LLC
- DAELIM Industrial Co., Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- ExxonMobil Chemical Company
- GAIL (India) Ltd.
- INEOS Group AG
- Japan Polychem Corporation
- LG Chem Ltd.
- LyondellBasell Industries NV
- NOVA Chemicals Corporation
- Prime Polymer Co., Ltd.
- SABIC (Saudi Basic Industries Corporation)
- Sumitomo Chemical Co., Ltd.
- Total SA
- UBE Industries Ltd.
This market analysis delves into the nuances of the economic climate that interplays with the global competitiveness in the mPO sector. The study underscores the importance of market sentiment and the proliferation of technological advancements influencing the trajectory of the industry. It presents a strategic overview, coupled with data-driven insights into geographic market presence across strong, active, niche, and trivial categories.
Key Market Trends & Drivers
- Packaging Industry: Major Growth Driver for Metallocene Polyethylene Market
- Strong Demand for Flexible Packaging to Support Market Growth
- Packaging Materials' Hot Melt Adhesive Types
- Recovery of Automotive Industry Activates Fresh Growth Opportunities for Metallocene Polyolefins Market
- Pandemic Impact & the New Normal
- Growing Focus on Light Weight Models Drive Strong Business Case for Metallocene Polyolefins
- Erasing Welding Marks in the Interior Plastic Components with Metallocene PP Resin
- Metallocene Polyolefins Gaining Increased Acceptance in Medical Applications
- Use of Polyolefins for Manufacturing Medical Devices and Packaging Witnesses a Surge
- Wearable Medical Devices: A Lucrative End-use Market for Medical Metallocene Polyolefins
- Building & Construction Metallocene Polyolefins Market to Drive Long Term Growth
- Recovery in Construction Sector to Boost Growth
- Trends in the Construction Industry Influence Market Uptake
- Rising Investments in Infrastructure Projects Strengthens Market Prospects
- Elevated Demand for Eco-Friendly Plastics
- Consumer Goods Industry Drives Demand for Metallocene Polyolefins
- Impact of COVID-19 on Electrical Equipment & Consumer Electronics Industry
- Smartphones & Tablets Emerge as High Growth Devices
- Personal Care Industry Emerges as a Promising End-Use Market for Metallocene Polyolefins Products
- Sophisticated Technologies to Enable High-Performance Polyolefin Materials & Products
- Advanced Properties Making Polyolefins Highly Adaptable
- Unabated & Unrelenting Use of Plastics Across Industries, Despite the Growing Urgency of Plastic Pollution, to Sustain Demand for Polyolefins Films and Sheets
- Rising Demand for Films and Sheets to Drive Market Growth
- Challenges Encountered by Metallocene Materials
This strategic research publication offers an analytical projection of the Metallocene Polyolefin market, considering the global economic ebb and flow. The report is an invaluable resource for stakeholders within and aligned with the mPO industry, providing insights and future forecasts essential for informed decision-making.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 339 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $15.2 Billion |
| Forecasted Market Value (USD) by 2030 | $31 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/b5sqlj
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