Global Metallocene Polyethylene Market is Forecast to Reach
USD 19.33 Billion by 2020
The global metallocene polyethylene market is projected to reach USD 19.33 billion by
2020, at a CAGR of 8.9% between 2015 and 2020. The main reason for the growth of
this market is the increasing demand for high grade polyethylene. The growing demand
from packaging industry has been driving the growth of this market over the years.
Metallocene polyethylene is used in various applications such as film, sheet, injection
molding, extrusion coating, and others. These resins help the convertor achieve effective
film performance, which provides benefits in various applications. Metallocene
polyethylene has high and medium densities and good optical properties.
Film application segment is the biggest application segment
The film industry – an important sales market for metallocene polyethylene– witnessed
positive growth rate in 2014. The Asia-Pacific market experienced an upward trend;
mainly, China continues to drive the global demand. This market is expanding globally,
however, the potential to grow is higher in South East Asian countries. China will be the
fastest growing market in the metallocene polyethylene market in terms of consumption.
Whereas, North America and Europe would be the highest consuming regions, however,
with a moderate growth rate.
North America is the biggest geographical segment
North America commands the largest share of the total metallocene polyethylene market
in terms of volume and value. The European metallocene polyethylene market is
expected to witness a slower growth rate compared to that of North America as
packaging, healthcare sectors and related industries are mature markets. The market in
Asia-Pacific is in the growth phase and is the fastest-growing region considering growth
in economy, development of new industries and manufacturing bases. The growth in the
Asia-Pacific region is expected to outpace North American and...