Metallocene Polyolefin Market to reach USD 15.5 Billion by 2022
- Press Releases
DecisionDatabases.com offers a latest market report “Global Metallocene Polyolefin Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast” which is a valuable study for business seekers in this industry. The reports offers market insights, facts, historical data, and projections with major drivers and restraints. The value chain analysis in the report gives a descriptive view of the material flow and the market. The report anticipates the metallocene polyolefin market to reach around USD 15.5 bn by the year 2022.
Metallocene polyolefins (MPO) are catalytic chemical compounds, which help in carrying out a radical change in the molecular structure of polyolefins to cater to various application markets. Metallocene polyolefins are estimated to have a similar impact like Ziegler-natta catalysts on the polymer industry. These are projected as a strong alternative to Ziegler-natta catalyst and can be used as a substitute in polypropylene and polyethylene industries. Metallocene polyolefins catalyst has revolutionized the plastic industry. The Metallocene polyolefin market is largely driven by its rising demand from the end-user industries.
The growing packaging industry and an increasing demand for technological advancements in the product portfolio of MPO are anticipated to fuel the market demand in the near future. Metallocene polyolefins offer a broad range of benefits such as an ability to produce uniform polymers, the capability to control stereoselectivity and holding properties for the specific genetic code for the polymerization process. These attributes are likely to augment market growth over the coming years. However, it is a comparatively difficult process with other traditional film-blowing equipment and is relatively expensive than other substitutes. This may hinder market growth in the near future.
The metallocene polyolefins market is segmented on the basis of type into two categories including metallocene polyethylene (MPE) and metallocene polypropylene (MPP). The market is further segmented by application into film & sheet, injection moldings and another segment. Film and sheet is the leading application segment and is expected to grow at a significant rate over the forecast period owing to the growing packaging industry across the globe. The injection molding segment is also anticipated to grow substantially in the near future on account of growing demand for injection molding plastics in the automobile and packaging industry. These factors have cumulatively boosted the demand for metallocene polyolefins in the current market and are also projected to fuel industry growth in the coming years.
Geographically, North America is the leading market for metallocene polyolefins and is expected to grow significantly over the forecast period owing to the growing packaging and pharmaceuticals industry in the region. However, it is estimated that the metallocene polyolefins industry has reached its maturity stage in North America and Europe; hence, these regions are projected to witness a sluggish growth in the near future. Asia Pacific is the fastest growing market and is expected to witness a significant growth over the forecast period led by increasing investment in the MPO industry, especially in China. China has greater opportunities for further growth in metallocene linear low density polyethylene (MLLDPE) on account of a rising preference for the process to get higher value resins.
Major industry players profiled in the report are DOW Chemicals, Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, Total S.A, SABIC, Lyondell Basell Industries Holdings B.V, Prime Polymer Co. Ltd., Borealis AG, Daelim Industrial Corp. Ltd., LG Chem Ltd., Gas Authority of India Ltd., Daqing Petrochemical Co. Ltd., Ineos Group AG, Japan Polychem Corporation Ltd, Nova Chemicals Ltd, Sumitomo Chemical Corp. Ltd, Braskem S.A., and UBE Industries Ltd.
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