Asia Pacific is expected to be the largest and fastest growing region for Metallocene Polyethylene Market
Market Synopsis
Metallocene polyethylene is a type of polyethylene that is produced with a metallocene catalyst, usually in the presence of copolymers. Metallocene polyethylene has a narrow, uniform composition and a wide range of molecular weights. Over conventional polyethylene produced with Ziegler-Natta catalyst, it has superior mechanical properties such as superior damage and puncture resistance, superior stiffness and toughness, good processability, good shrink characteristics, excellent optical properties, and low welding and sealing temperatures.
Growing packaging industry due to increased demand for packaging materials globally is the primary driver of global metallocene polyethylene product growth over the forecast period. Furthermore, the growing market for injection moulded products such as food containers, agricultural products, toys, garbage receptacles, plumbing products, and medical products is attributed to the market's growth during the forecast period. The expanding food and beverage industry is expected to drive demand for extrusion coated products such as milk packaging, deep freeze packaging, and others. As a result, it is expected to have a positive impact on the global metallocene polyethylene market.
The global market for metallocene polyethylene is lucrative and expected to grow in the coming years as a result of key players' expansion, collaboration, and partnership strategies. For example, Reliance Industries Limited (RIL) in India has announced plans to restructure and expand its polyethylene (PE) plant using INEOS technology to produce metallocene linear low-density polyethylene (m-LLDPE). The expansion project is expected to produce approximately 120,000 tonnes of m-LLDPE per year at their gas-based petrochemical complex in Nagothane, Maharashtra.
However, rising concerns about the disposal of plastic films and products are likely to limit growth of the global metallocene polyethylene market during the assessment period 2018-2023.
Regional Outlook:
During the forecast period, Asia Pacific is expected to be the largest and fastest growing market for metallocene polyethylene. A significant demand for packaging films in wrapping and protective applications across various end-use industries such as food & beverage, automotive, building & construction, agriculture, healthcare, and others is expected to drive market growth during the forecast period.
During the forecast period, North America is expected to be the second-largest market for metallocene polyethylene. During the forecast period, the demand for metallocene polyethylene is expected to be driven by a significant demand for packaging films, injection moulded products, and extrusion coated products from end-use industries such as construction and renovation, food and beverage, healthcare, and other industries.
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