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Metallocene Polyethylene, also known as mPE, is a special type of thermoplastic made by using metallocene catalyst with copolymers. It exhibits properties like uniform co-monomer content, narrow molecular weight distribution, higher resistance to puncture & damage, high toughness, tensile strength and stiffness. The use of metallocene catalyst allows the manufacturer to introduce desirable properties in the product according to the specific applications. mPE is being used for producing films, sheets, injection moulding, extrusion coating and others.
Rise in demand from the packaging, food & beverages, and automotive industries shall propel the metallocene polyethylene market size. Packaging applications include crates, trays, bottles, juice bottles, caps for food packaging, drums, industrial bulk vessels etc. In order to maintain the hygiene quotient and shelf-life of food products & other goods, there has been a substantial growth in the usage of packaging which in turn is driving the mPE market.
Key Market Driver -
Increase in demand from plastic and packaging industries.
Key Market Restraint -
Strict government policies to reduce use of plastic.
Strict government policies regarding plastic ban due to the rising concern of disposal of plastic waste can restrain the overall market growth. For instance, India has banned the use of plastic bags of less than 50 microns from October 2019.
By product, the market is segmented into mHDPE, mLLDPE, and others. Based on applications, the market is categorised into sheets, films, injection moulding, extrusion coating, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the global metallocene polyethylene market are SABIC, Reliance Industries Ltd, The Dow Chemical, Sasol Ltd, INEOS, LyondellBasell Industries, China Petrochemical Corporation, and Others.
Regionally the metallocene polyethylene market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. Asia Pacific is expected to be the dominant region attributed to the growing demand for packaging films market from food & beverage sector along with plastic market expansion mainly in India, China, and Japan. North America is the second-largest market of mPE. Europe mPE market is expected to show considerable growth during the projected timeframe. Latin America and Middle East & Africa are projected to register a comparatively higher CAGR by the end of the forecast period.
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