Metallocene Polyethylene Market to Show Considerable Growth in Next Five Years

Metallocene polyethylene is increasingly replacing various polyethylene grades, mainly due to its high strength and optical properties as compared to conventional polyethylene. It mainly finds usage in various industries like medical, packaging, agriculture, wires, cables, etc. Moreover, it provides superior sealing performance and toughness. Due to its advanced properties, the demand from the end-user industries has increased in the past few years since there has also been a shift in the preference for high-grade polyethylene. Thus, the global market for metallocene polyethylene has been predicted to show substantial growth over the coming years.

Major Drivers and Restraints

The growth of the global market for metallocene polyethylene can be primarily attributed to the following factors:

  • Changing preference towards high grade polyethylene
  • Growing demand from developing markets in Asia-Pacific region
  • Technological advancements in end-use industries

In addition, cross licensing of patent rights between the companies is likely to offer ample growth opportunities in the coming years. However, fluctuating prices of raw materials and limited suppliers is expected to hamper the growth of this market. Moreover, high prices of metallocene polyethylene and new resin technologies remain key challenges for the market players.

Key Market Findings

Growing at a CAGR of 8.9% between 2015 and 2020, the value of the global metallocene polyethylene market is projected to reach USD 19.33 Billion by the end of 2020. In 2014, North America held the largest market share, and is expected to continue dominating the market over the forecast period as well, owing to the huge demand from various end-user industries such as packaging, electronics, and pharmaceuticals. However, Asia-Pacific is the fastest-growing market for metallocene polyethylene, thanks to the rising demand for superior performance polymers from the packaging industry.

Based on application, film application is the fastest-growing segment, which accounted for about 63% of the total consumption of metallocene-based polyethylene in 2014. It is also expected to hold the largest market share during the forecast period, followed by the sheet application segment.

The Dow Chemical Company, ExxonMobil, Chevron Philips Chemical Company, Univation Technologies, LyondellBasell Industries B.V., Total Petrochemical & Refining USA Inc., SABIC, INEOS Olefins and Polymers, Borealis AG, and Prime Polymer Co., Ltd., among others are the leading companies involved in the market for metallocene polyethylene.

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Scope of the Research

The global metallocene polyethylene market has been studied and predicted by splitting it into the following segments and sub-segments:

  • Application: Film, Sheet, Injection Molding, Extrusion Coating, Others
  • Geography: North America, Europe, Asia-Pacific, RoW

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