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The metallocene polyethylene market share is expected to increase to USD 2.33 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.66%.
This metallocene polyethylene market research report extensively covers metallocene polyethylene market segmentation by application (films, sheets, injection molding, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The metallocene polyethylene market report also offers information on several market vendors, including Chevron Corp., DL Chemical, Dow Inc., Exxon Mobil Corp., Hanwha Corp., INEOS Group Holdings SA, LG Chem Ltd., Lotte Corp., LyondellBasell Industries NV, Mitsui Chemicals Inc., PetroChina Co. Ltd., Petroleo Brasileiro SA, Petroliam Nasional Berhad, PTT Global Chemical Public Co. Ltd., Ravago, Repsol SA, SABIC, and TotalEnergies SE among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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Technavio categorizes the global metallocene polyethylene (mPE) market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the metallocene polyethylene market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the metallocene polyethylene market encompasses successful business strategies deployed by the key vendors. The metallocene polyethylene market is fragmented and the vendors are deploying growth strategies such as focusing on developing new products to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The metallocene polyethylene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the metallocene polyethylene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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43% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for metallocene polyethylene in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The superior properties of mPE, such as high tensile strength, puncture resistance, and tear resistance will facilitate the metallocene polyethylene market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic adversely affected the growth of several end-user industries in 2020, including packaging, construction, and others. However, in 2021, the lifting of lockdowns in various countries in APAC due to vaccine drives and the resumption of operations of essential businesses, such as chemicals, with a limited workforce, led to a gradual recovery in the growth of industrial operations in the regional market.
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The metallocene polyethylene market share growth by the segment of the film will be significant during the forecast period. The growing popularity of mPE-based packaging films as a substitute for conventional packaging films, such as PVC, LDPE, PET, etc., will drive the segment growth. The food industry is one of the major consumers of mPE based packaging films. mPE based packaging film is popularly used for packaging meat, meat products, fruits, and vegetables. Apart from the food industry, mPE-based packaging is gaining traction in medical packaging as an alternative to PVC-based films.
This report provides an accurate prediction of the contribution of all the segments to the growth of the metallocene polyethylene market size and actionable market insights on post COVID-19 impact on each segment.
The shift from rigid packaging to flexible plastic packaging is notably driving the metallocene polyethylene market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the metallocene polyethylene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Metallocene Polyethylene Market Driver
One of the key factors driving growth in the metallocene polyethylene market is the shift from rigid packaging to flexible plastic packaging. End-users in various sectors such as food and beverage, healthcare, personal care, and others are shifting from rigid to flexible plastic packaging, owing to benefits such as flexibility, durability, and lightweight nature. Rigid packaging products, such as those made of glass and metal, are vulnerable to breakage and corrosion. However, flexible plastic packaging offers high tensile strength and barrier properties. The rising focus on convenience and sustainability has led to a rise in the demand for flexible plastic packaging. The benefits of flexible plastic packaging over rigid plastic packaging will eventually drive the growth of flexible plastic packaging. As mPE has a major application in film packaging, especially in flexible films, it will create more demand for the market in focus.
Key Metallocene Polyethylene Market Trend
The volatility in raw material prices will be a major challenge for the metallocene polyethylene market during the forecast period. The prices of raw materials used to manufacture mPE films are highly unpredictable. Price volatility of petroleum-based raw materials and the increasing demand for PE packaging products in emerging economies are hindering the growth of the global PE packaging market. The prices of PE packaging types, such as LDPE and HDPE, frequently fluctuate as they depend on crude oil prices (because they are petroleum derivatives). Strong fluctuations in crude oil prices are caused by a systemic demand-supply imbalance in the global crude oil market. Fluctuations in raw material prices can lead to unpredictability in the market, which affects production costs adversely and reduce vendors' profit margins. Therefore, the volatility in crude oil prices is a big challenge for the vendors in the market in focus.
Key Metallocene Polyethylene Market Challenge
The emergence of recyclable packaging films is another factor supporting the metallocene polyethylene market share growth. A rise in the need for sustainable packaging and reducing the use of plastic packaging due to environmental concerns associated with it has led to an increase in the demand for recyclable flexible plastic packaging. Most of the end-users of flexible plastic packaging have been focusing on introducing various initiatives for increasing the use of recyclable packaging. For instance;
Therefore, with the growing prominence of recyclable flexible plastic packaging, vendors in the market in focus are expected to adopt more sustainable materials during the production of mPE.
This metallocene polyethylene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Metallocene Polyethylene Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.66% |
Market growth 2022-2026 |
$ 2.33 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.4 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, Canada, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Chevron Corp., DL Chemical, Dow Inc., Exxon Mobil Corp., Hanwha Corp., INEOS Group Holdings SA, LG Chem Ltd., Lotte Corp., LyondellBasell Industries NV, Mitsui Chemicals Inc., PetroChina Co. Ltd., Petroleo Brasileiro SA, Petroliam Nasional Berhad, PTT Global Chemical Public Co. Ltd., Ravago, Repsol SA, SABIC, and TotalEnergies SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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