Global Metallocene Polyethylene Market is Forecast to Reach USD 19.33 Billion by 2020

Date: 2016-02-23

The global metallocene polyethylene market is projected to reach USD 19.33 billion by 2020, at a CAGR of 8.9% between 2015 and 2020. The main reason for the growth of this market is the increasing demand for high grade polyethylene. The growing demand from packaging industry has been driving the growth of this market over the years. 

Metallocene polyethylene is used in various applications such as film, sheet, injection molding, extrusion coating, and others. These resins help the convertor achieve effective film performance, which provides benefits in various applications. Metallocene polyethylene has high and medium densities and good optical properties.

Film application segment is the biggest application segment
The film industry – an important sales market for metallocene polyethylene– witnessed positive growth rate in 2014. The Asia-Pacific market experienced an upward trend; mainly, China continues to drive the global demand. This market is expanding globally, however, the potential to grow is higher in South East Asian countries. China will be the fastest growing market in the metallocene polyethylene market in terms of consumption. Whereas, North America and Europe would be the highest consuming regions, however, with a moderate growth rate. 

North America is the biggest geographical segment
North America commands the largest share of the total metallocene polyethylene market in terms of volume and value. The European metallocene polyethylene market is expected to witness a slower growth rate compared to that of North America as packaging, healthcare sectors and related industries are mature markets. The market in Asia-Pacific is in the growth phase and is the fastest-growing region considering growth in economy, development of new industries and manufacturing bases. The growth in the Asia-Pacific region is expected to outpace North American and European regions, as it is projected to witness the highest CAGR in terms of volume during the forecast period. On the other hand, the market in the RoW region is still in the introductory phase. This is due to the lack of domestic manufacturers, and economic & political barriers.

It also discusses competitive strategies adopted by different market players, such as Dow Chemical Company (U.S.) and ExxonMobil Corporation (U.S.). Chevron Philips Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), Total Petrochemicals (U.S.) and Borealis A.G. (Germany), and others.

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