Metallocene Polyolefin Market

Metallocene Polyolefin Market Outlook (2022-2032)

Global consumption of metallocene polyolefin is set to reach US$ 13.77 billion in 2022, and the market is expected to expand rapidly at a high CAGR of 9.5% to reach a market valuation of US$ 34.16 billion by the end of 2032.

Global sales of metallocene polyethylene (mPE) in the metallocene polyolefin (MPO) market are expected to reach a valuation of US$ 9.38 billion in 2022 and increase at a CAGR of 9.4% to reach US$ 23.15 billion by 2032.

Report Attributes	Details
Metallocene Polyolefin (mPO) Market Size (2021A)	US$ 12.73 Billion
Estimated Market Value (2022E)	US$ 13.77 Billion
Forecasted Market Value (2032F)	US$ 34.16 Billion
Global Market Growth Rate (2022-2032)	9.5% CAGR
North America Market Share (2022)	32.4%
North America Market Growth Rate (2022-2032)	9.4% CAGR
U.S. Market Growth Rate (2022-2032)	9.2% CAGR
Key Companies Profiled	Daqing Petrochemical Co. Ltd. Nova Chemicals Ltd. Braskem S.A. UBE Industries Ltd. Japan Polychem Corporation Ltd. Sumitomo Chemical Corp. Ltd. Daelim Industrial Corp. Ltd. Gas Authority of India Ltd. INEOS Group AG Prime Polymer Co. Ltd. LG Chem Ltd. Borealis AG (Austria) Sabic Chevron Phillips Chemical Company LLC Lyondellbasell Industries Holdings B.V. Total S.A. The DOW Chemical Company ExxonMobil Corporation

Sandwich compounds are a part of a larger class of organometallic. The global metallocene polyolefin (mPO) market is divided into two types: metallocene polyethylene (mPE) and metallocene polypropylene (mPP).

Worldwide Metallocene Polyolefin (MPO) Consumption Analysis (2017-2021) Vs. Market Forecasts (2022-2032)

Global metallocene polyolefin sales were valued at around US$ 8.99 billion at the end of 2017 and increased at a CAGR of 9.1% to reach a market valuation of US$ 12.73 billion at the end of 2021.

Stakeholders in the metallocene polyolefin business have seen a significant impact as a result of the COVID pandemic, as all manufacturing industries were shut down. In 2020, the market experienced a fall due to lower demand in building, automotive, consumer goods, and other related sectors.

Because of halts and supply chain disruptions, as well as travel restrictions around the world, the metallocene polyolefin market has seen a cut-off in production.

However, the metallocene-polyolefin industry is projected to revive in the future years as industries such as automotive and construction return to higher output levels. In addition, the packaging industry's impending healthy potential will drive metallocene polyolefin market expansion.

Expanding at a CAGR of 9.5%, the global metallocene polyolefin market is projected to increase from a valuation of US$ 13.77 billion in 2022 to US$ 34.16 billion by 2032.

What Market Dynamics are Driving Revenue Growth of Metallocene Polyolefin Manufacturers?

“Several Beneficial Qualities of Metallocene Polyolefin Driving Sales Growth of Metallocene Polyolefin Suppliers”

The replacement of PVC in numerous industries is directly linked to the increased need for metallocene polyolefin.

PVC has been utilized in a wide range of industries, including the medical field, but rising concerns about toxic by-products of production and post-use incineration have necessitated the need for PVC to be replaced, as the substance has already been banned in packaging, medical equipment, toys, and a variety of other applications. It is also prohibited in several nations, including Canada, Spain, South Korea, and the Czech Republic.

Metallocene polyolefins are a good substitute for PVC, especially for medical items that require ductility at low temperatures & great impact strength.

According to the analysis data, polyolefins account for around 50% of all plastics consumed, with polypropylene and low-density polyethylene seeing the largest demand, suggesting high global growth of the metallocene polyolefin market.

What’s Adversely Affecting the Sales of Metallocene Polyolefin?

“High Cost to Negatively Affect Sales Growth of Metallocene Polyolefin”

High prices for metallocene polyolefin, which is significantly more expensive than other available options in the market, are affecting the metallocene-polyolefin industry.

Furthermore, different metallocene linear low-density polyethylene is more difficult to process in film-blowing equipment than other replacements, making their use more challenging for end users. 

Which Regional Markets Should Metallocene Polyolefin Manufacturers Focus On?

“High Demand for Packaging Films Driving Asia Pacific Metallocene Polyolefin Market Growth”

The North America market for metallocene polyolefin is expected to witness a CAGR of 9.4% from 2022 to 2032.

The metallocene polyolefin market is being driven by increasing consumption from the construction sector, rapid growth in the solar sector, and a change in end user choice towards flexible packaging.

Furthermore, the metallocene polyolefin market is being driven by eco-friendly packaging, cheap availability of raw materials in rising economies, and an increase in demand for polyolefin in various applications.

Asia Pacific is the rapidly expanding market for metallocene polyolefin and is expected to expand at an impressive CAGR of 10.6% from 2022 to 2032. The Asia Pacific is the world's healthiest market for metallocene polyolefin, and it is expected to maintain its dominance as packaging film demand grows in China, Japan, and other developing countries.

Metallocene polyolefin manufacturing has increased significantly in the region, with GAIL India Ltd producing 400,000 MT of metallocene linear-low density polyethylene per year at its factory with M/s Univation Technology in the United States.

It also has two slurry-based polymerization techniques licensed from M/s Mitsui Chemicals, Japan, to generate HDPE, and a Sclairtech solution licensed from M/s Nova Chemicals, Canada, to produce LLDPE and HDPE.

Expanding at a CAGR of 8.9%, the global metallocene polyolefin market is projected to increase from a valuation of US$ 3.51 billion in 2022 to US$ 8.24 billion by 2032

Rising demand from the building sector is also pushing the market forward, as there is also a shift in raw material sourcing. Flexible packaging is preferred by buyers because it delivers durability and simplicity. The most often utilized flexible packaging substances in the marketplace currently are HDPE, PP, and LDPE.

Even though regional markets such as Latin America and the MEA are expanding more slowly than others, the current market position is expected to change over the forecast period.

Currently, Latin America and MEA are expected to account for 7.8% and 5.8% of the global market share, respectively.

Country-wise Analysis

What is Propelling Growth of the Metallocene Polyolefin Market in India?

“Rising Concerns of Plastic Disposal & Demand from Several Sectors Augmenting Metallocene Polyolefin Sales”

Consumption of metallocene polyolefin in India is currently valued at around US$ 517.1 million and is anticipated to expand at a CAGR of 10.4% to reach US$ 1.40 billion by 2032.

Rising development in the solar power industry, growing demand for polyolefin for several applications, and concerns regarding plastic disposal are all together boosting the sales of metallocene polyolefin.

Why is the United States Metallocene Polyolefin Market So Profitable?

“Presence of Key Market Players & Rising Demand from Construction Industry”

The United States metallocene polyolefin market is set to enjoy a valuation of US$ 3.96 billion in 2022, and further expand at a high CAGR of 9.2% to reach US$ 9.69 billion by the year 2032.

Because of the presence of significant key players, developing residential and commercial infrastructure projects, and rising demand from the construction industry in this nation, the United States currently dominates the North America metallocene polyolefin market and is expected to continue to do so during the projection period.

Category-wise Analysis

Why is Demand for Metallocene Polyethylene (mPE) Surging?

“Various Properties of Metallocene Polyethylene (mPE) Driving its Demand in Packaging, Automotive, and Construction”

Because of advantages such as resistance to impact, perforation and tearing, processing with great resistance to melting, sealing properties, optical properties, and specific for multilayer film extrusion, the metallocene polyethylene (mPE) type is expected to hold the largest share of the metallocene polyolefin market.

Currently, the metallocene polyethylene (mPE) type is likely to hold 68.1% of the global market share.

Metallocene polyethylene (mPE) is in high demand due to its useful qualities in packaging, automotive, construction, healthcare, and other industries. In comparison to the metallocene polypropylene (mPP) market, metallocene polyethylene (mPE) has gained a lot of traction.

Metallocene polypropylene (mPP) sales are set to enjoy a valuation of US$ 9.38 billion in 2022 and are expected to reach US$ 23.15 billion by 2032.

Competitive Landscape

The metallocene polyolefin market is relatively competitive with local firms leading the way, followed by global corporations, which account for a majority of market growth.

Key companies are pursuing a variety of novel methods to get a foothold in the market, including new product launches, acquisitions, and partnerships, all of which are helping the worldwide metallocene polyolefin market expand rapidly.

Key Segments Covered in Metallocene-Polyolefin Industry Research

• Metallocene Polyolefin Market by Type :

  • Metallocene Polyethylene (mPE)
  • Metallocene Polypropylene (mPP)

• Metallocene Polyolefin Market by Application :

  • Films & Sheets
  • Injection Moldings
  • Other Applications

• Metallocene Polyolefin Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA