As per the recently published report by MarketsandMarkets™, the “Metallocene Polyethylene (mPE) Market by Application (Films, Sheets, Injection Molding, Extrusion Coating), Type (mLLDPE, mHDPE), Catalyst Type, End-Use Industry (packaging, automotive), and Region – Global Forecast to 2028″, is projected to grow from USD 7.7 billion in 2023 to USD 10.5 billion by 2028, at a CAGR of 6.2% during the forecast period. A major factor driving the growth of the metallocene polyethylene (mPE) market is that it offers improved mechanical properties, such as higher tensile strength, impact resistance, and puncture resistance compared to conventional polyethylene. These enhanced properties make it attractive for various applications.
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- 245 Market data Tables
- 49 Figures
- 262 Pages and in-depth TOC on “Metallocene Polyethylene (mPE) Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The major players in metallocene polyethylene (mPE) market include ExxonMobil Corporation (US), The Dow Chemical Company (US), LyondellBasell Industries Holdings B.V. (Netherlands), SABIC (Saudi Arabia), Borealis AG (Austria), SASOL(South Africa), Reliance Industries Limited (India), Braskem (Brazil), Mitsui & Co. (Japan), INEOS (UK), Westlake Chemical Corporation (US), Chevron Phillips Chemical Company LLC (US), Daelim Co., Ltd. (South Korea), LG Chem (South Korea) and UBE Corporation (Japan) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metallocene polyethylene (mPE) market.
Recent Developments in Metallocene Polyethylene (mPE) Market Industry
- In January 2022, SABIC and ExxonMobil formed a joint venture to expand the polyethylene production facility.
- In November 2022, SABIC partnered with Jinming Machinery Co., Ltd. & Bolsas de los Altos. to drive innovation in the flexible film packaging industry.
- In November 2022, LyondellBasell Industries Holding B.V. announced its plan to expand its propylene production capacity at its Channelview Complex near Houston, TX.
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Based on type, mLLDPE to be the fastest-growing segment during the forecast period. mLLDPE’s improved mechanical properties make it suitable for agricultural and industrial films, such as greenhouse films, mulch films, and construction films. Its resistance to environmental stress cracking and durability are beneficial in these applications. As developing economies expand their infrastructure and industrial sectors, the demand for packaging materials and film products can contribute to the growth of mLLDPE usage also.
Based on the application, the film segment is expected to be the fastest-growing segment during the forecast period. Films made from mPE can maintain flexibility even at lower temperatures, making them suitable for applications in cold environments or products that need to be stored at low temperatures. Additionally, mPE films can exhibit good stretchability, which is important for applications like stretch wrap films. When compared to ordinary polyethylene films, mPE films frequently exhibit greater clarity and transparency.
Based on region, the Asia Pacific region is expected to be the fastest-growing regional segment of the global metallocene polyethylene (mPE) market. In the Asia Pacific, countries like China, India, and Southeast Asian nations, have experienced rapid industrialization and urbanization. This has led to increased demand for packaging materials, consumer goods, and infrastructure development—all of which are potential applications for mPE. The economic growth in this region has led to increased disposable income among consumers, driving the demand for packaged products and boosting the overall consumption of mPE-based goods.
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