Metallocene Polyolefin a Hit in Packaging Industry Due to Highly Effective Results: Fact.MR Analysis
27 June 2022
As per a new report by Fact.MR, a market research and competitive intelligence provider, the global metallocene polyolefin market is currently valued at US$ 13.77 billion and is projected to expand at a high CAGR of 9.5% over the forecast period (2022 to 2032). The market registered 9.1% CAGR between 2017 and 2021.
Metallocene polyolefin is widely used in the production of films and sheets, as well as in injection moulding. As the demand for packaging increases. Metallocene is being used in a variety of packaging applications because it offers more flexibility in packaging film manufacturing and designing. It has heat resistance, as well as increased rigidity and tensile strength, making it an excellent selling product. Metallocene catalysts aid in the injection and blow moulding of packaging films with a super shine and little cloudiness.
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Over the coming years, demand for metallocene polyethylene (mPE) from several end-use industries, such as solar power and packaging, is predicted to rise rapidly. Due to its high tensile strength and puncture resistance, metallocene linear low-density polyethylene is highly demanded as opposed to metallocene low-density polyethylene in a range of applications. Over the projection period, increased demand for LLDPE for film applications, as well as the potential market in developing nations, is expected to drive product demand.
What Market Dynamics are Driving Revenue Growth of Metallocene Polyolefin Manufacturers?
“Several Beneficial Qualities of Metallocene Polyolefin Driving Sales Growth of Metallocene Polyolefin Suppliers”
The replacement of PVC in numerous industries is directly linked to the increased need for Metallocene polyolefin. PVC has been utilized in a wide range of industries, including the medical field, but rising concerns about toxic by-products of production and post-use incineration have necessitated the need for PVC to be replaced, as the substance has already been banned in packaging, medical equipment, toys, and a variety of other applications. It is also prohibited in several nations, including Canada, Spain, South Korea, and the Czech Republic.
Metallocene polyolefins are a good substitute for PVC, especially for medical items that require ductility at low temperatures & great impact strength.
According to the analysis data, polyolefins account for around 50% of all plastics consumed, with polypropylene and low-density polyethylene seeing the largest demand, suggesting high global growth of the metallocene polyolefin market.
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Key Segments Covered in the Metallocene Polyolefin Industry Survey
Metallocene Polyolefin Market by Type :
- Metallocene Polyethylene (mPE)
- Metallocene Polypropylene (mPP)
Metallocene Polyolefin Market by Application :
- Films & Sheets
- Injection Moldings
- Other Applications
Metallocene Polyolefin Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
Increasing investments in research and development and adoption of contemporary equipment are expected to fuel revenue growth of metallocene polyolefin manufacturers.
Key market players are focusing on innovation of product development and developing new strategic tactics for increasing their metallocene polyolefin sales.
The metallocene polyolefin market is relatively competitive with local firms leading the way, followed by global corporations, which account for a majority of market growth.
Key companies are pursuing a variety of novel methods to get a foothold in the market, including new product launches, acquisitions, and partnerships, all of which are helping the worldwide metallocene polyolefin market expand rapidly.
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Key players in the Metallocene Polyolefin Market
- Daqing Petrochemical Co. Ltd.
- Nova Chemicals Ltd.
- Braskem S.A.
- UBE Industries Ltd.
- Japan Polychem Corporation Ltd.
- Sumitomo Chemical Corp. Ltd.
- Daelim Industrial Corp. Ltd.
- Gas Authority of India Ltd.
- INEOS Group AG
- Prime Polymer Co. Ltd.
- LG Chem Ltd.
Key Takeaways from Metallocene Polyolefin Market Study
- Metallocene polyethylene (mPE) is estimated to account for a market share of 68.1% in 2022.
- Currently, films & sheets are expected to account for a sales value of US$ 7.21 billion.
- In terms of geography, the Asia Pacific market is predicted to expand rapidly due to high demand from various applications, and metallocene polyolefin sales are expected to increase at a CAGR of 9.5% from 2022 to 2032.
- Key market players are expected to focus on collaborations and partnerships.
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