Feb 26,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Metallocene Polyethylene Market.
It was estimated prior to this unanticipated outbreak that the Metallocene Polyethylene (mPE) Market was expected to grow at a CAGR of 6.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Metallocene polyethylene (mPE) is a new generation, high-performance polyethylene (PE) used in a large number of applications, such as agriculture, building and construction, and packaging. It is highly resistant to impact and tearing and possess excellent sealing property. It is also known as Linear Metallocene.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the application type, the metallocene polyethylene (mPE) market is segmented as films, sheets, injection molding, extrusion coating, and others. The films segment is expected to lead the market during the forecast period. Packaging industry is the major demand generator of metallocene polyethylene. The growth of the segment is owing to the properties of metallocene polyethylene, such as high chemical and moisture resistance and rigidity-to-thickness, on account of which it finds extensive usage in various applications.
Based on the product type, the market is segmented as mLLDPE, mHDPE, and others. The mLLDPE segment is expected to remain dominant during the forecast period due to its properties, such as puncture resistance and high tensile strength, which makes it to be widely adopted for many applications. Some of the industrial applications include chemical storage containers and water tanks, consumer goods, such as food packing material.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing metallocene polyethylene (mPE) market during the forecast period, followed by North America and Europe. Huge demand for packaging material for the food and beverages industry, particularly in China, India, and South Korea, is driving the Asia-Pacific region’s market.
Some of the major metallocene polyethylene (mPE) manufacturers are-