METALLOCENE LLDPE MARKET ANALYSIS

Metallocene Lldpe MarketSize and Trends

Market Dynamics:

Growth of the market is majorly attributed to increasing use of Metallocene LLDP resins in packaging industry. Metallocene LLDPE is highly elastic and flexible. Therefore, it is extensively used in the manufacturing of extrusion coated lamination, flexible packaging, and rotational molding for industrial and food applications. The new generation metallocene LLDPE films are designed to offer improved mechanical strength, increased optical properties, greater stiffness, and high tensile strength. New generation metallocene LLDPE film have applications in industrial, food, and hygiene packaging. However, the growth of the market is expected to be restrained by the high cost of catalyst.

Key players in the market are focusing on various strategies such as business expansion, in order to strengthen their market position. For instance, in 2017, Chevron Phillips Chemical Company LLC started its new polyethylene unit at Old Ocean, Texas, U.S. In this new plant, the company manufactures around 500,000 MT (metric tons) of polyethylene annually. This new unit manufactures polyethylene resins such as metallocene LLDPE film and bi-modal film, and pipe products. This new unit adopted Chevron Phillips Chemical's proprietary MarTech technology.