Metallocene Polyethylene (mPE) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021

The market for the metallocene polyethylene (mPE) market is expected to register a CAGR of over 6% during the forecast period. Major factors driving the market studied are a shift in end-user preference toward visually appealing packaging. Asia-Pacific is projected to be the largest market for the metallocene polyethylene (mPE).

Key Market Trends

Increasing Demand for Metallocene High-density Polyethylene (mHDPE)

Metallocene-based grades of high-density polyethylene have high impact strength and environmental stress crack resistance (ESCR), along with very good organoleptic properties and processability.
Processability reportedly approaches that of conventional Ziegler-Natta-catalyzed PE, owing to broad molecular weight distribution. Meanwhile, superior impact strength and ESCR are derived from high co-monomer content in high molecular weight chains. In Ziegler-Natta-catalyzed HPDE, the co-monomer bonds primarily to shorter chains, while in conventional mPE, they bond to both low and high molecular weight chains in roughly equal quantities.
These resins are used in a wide range of film applications in the field of consumer, industrial, and institutional packaging. It is also suited for the production of caps and closures for non-carbonated drinks by compression molding. Other typical applications include caps and closures for cosmetics and general purpose injection-molded articles.
Such factors are boosting the demand for the market studied during the forecast period.

Asia-Pacific to Dominate the Market

India is a growing economy and holds great potential for future market opportunities. Despite demonetization and GST reforms affecting the national production volume, the impact of these reforms is slowly waning. Moreover, the country’s government has been taking initiatives to attract FDI’s in the manufacturing sector, in order to make India a manufacturing hub.
The packaging industry in India is rising at a significant rate, owing to the expanding food, beverage, and retail industries. According to Federation of Indian Chambers of Commerce and Industry (FICCI) and Tata Strategic Management Group (TSMG), the packaging industry in India is expected to reach USD 73 billion, by 2020. Additionally, the packaging industry in the country is expected to register around 18% growth annually, with flexible packaging expected to grow at around 25% annually.
Furthermore, the healthcare sector is growing at a steady pace, with a consistent increase in healthcare spending and medical facilities in the country. The healthcare industry is expected to be valued at USD 372 billion, by 2022.
Hence, with the rapid increase in various end-user industries, the demand for metallocene polyethylene (mPE) is expected to rapidly increase, over the forecast period.

Competitive Landscape

The metallocene polyethylene (mPE) market is fragmented in nature. Some of the major players are INEOS, Braskem, Chevron Phillips Chemical Company, Mitsui Chemicals, Inc., and Total, among others.

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1 INTRODUCTION

1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers
4.1.1 Shift in End-user Preference toward Visually Appealing Packaging
4.1.2 Other Drivers
4.2 Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Type
5.1.1 Metallocene Linear Low-density Polyethylene (mLLDPE)
5.1.2 Metallocene High-density Polyethylene (mHDPE)
5.1.3 Other Types (Metallocene Low-density Polyethylene (mLDPE), etc.)
5.2 Application
5.2.1 Films
5.2.2 Sheets
5.2.3 Injection Molding
5.2.4 Blow Molding
5.2.5 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Braskem
6.4.2 Brentwood Plastics, Inc.
6.4.3 Chevron Phillips Chemical Company
6.4.4 INEOS
6.4.5 Mitsui Chemicals, Inc.
6.4.6 Prime Polymer Co., Ltd.
6.4.7 SABIC
6.4.8 Total
6.4.9 Univation Technologies, LLC.
6.4.10 W. R. Grace & Co.-Conn.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS