METALLOCENE POLYETHYLENE MARKET ANALYSIS

Metallocene Polyethylene MarketSize and Trends

Global metallocene polyethylene market was valued at US$ 5,887.6 Mn in 2022, and is expected to exhibit a CAGR of 6.47%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 9,725.9 Mn by 2030. Global metallocene polyethylene market is expected to witness significant growth over the forecast period, owing to excellent optical properties of mPE resins and its rising usage in packaging industry. Moreover, new generation metallocene polyethylene films offer improved mechanical strength, increased optical properties, greater stiffness, and high tensile strength. New generation metallocene polyethylene is suitable for different range of film applications in industrial, food, and hygiene packaging.

Global Metallocene Polyethylene Market: Growth Drivers

Demand for metallocene polyethylene from packaging industry

Global metallocene polyethylene market is expected to witness growth in demand for metallocene polyethylene, as metallocene based high-density polyethylene grades are gaining popularity due to its benefits and diverse applications in various end uses. Increasing adoption of metallocene plastics in emerging nations leads to growth of plastic industry The upsurge in the demand for metallocene polyethylene from packaging industry is expected to drive the market growth.

Market Trends

Global metallocene polyethylene market growth is driven by factors such as rising scope in new applications and growing food and beverage industry. Furthermore, rising need for injection molded products such as agriculture products, garbage receptacles, food containers, plumbing products, toys, and medical products is expected to drive the market growth. Also, increasing demand for metallocene polyethylene from solar power industry is expected to drive growth of global metallocene polyethylene market.  

Market Trends

On the basis of application, global metallocene polyethylene market is segmented into films, sheets, injection molding, extrusion coating, and others. In 2022, the films segment held the dominant position in the global market. mPE films is used in various end use industries such as automotive, building & construction, and food & beverages packaging. The exceptional properties of mPE films such as improved toughness and high moisture properties is expected to boost the segment revenue in the global metallocene polyethylene market over the forecast period.