Metallocene Polyethylene Market to be worth US$19.33 bln by 2020

09-Feb-16

The global market is projected to reach US$19.33 bln by 2020 at a CAGR of 8.9% between 2015 and 2020, as per Markets and Markets. Among the applications, the film application segment holds the largest share in the metallocene polyethylene market. In terms of volume, the film application segment accounted for the largest share in 2014. This application segment is projected to be the fastest-growing application segment of the metallocene polyethylene market between 2015 and 2020. It is expanding mainly due to growth in the packaging industry. Sheets are thicker than films, and produced with slit dies in a range of width and thickness. Low-MFR material is used to make sheets. They are used for thermoforming, machining, welding, and laminating. One of the advantages of PE sheets is good rigidity-to-thickness ratio, toughness, moisture & chemical resistance, non-toxicity, and good moisture barrier properties. Sheet application segment holds the second-largest share in the metallocene polyethylene market. It is growing due to growth in the end use applications such as lamination, thermoforming, and machining. The Metallocene Polyethylene Market in North America accounted for the largest share, by volume, of the global metallocene polyethylene market in 2014. The North America market is expected to register the largest share by 2020 owing to the increasing demand from various end-use industries, such as packaging, electronics, and pharmaceuticals. The major market players in metallocene polyethylene market are The Dow Chemical Company (U.S.) and other global players that are expanding their reach into the Asia-Pacific market considering the lucrative business opportunities in this region. This market is mainly driven by some of the factors like growing population, increasing disposable income and growing packaging industry. The rest of the World accounted for the smallest share in the metallocene polyethylene market, in terms of volume, in 2014, as metallocene polyethylene market is in the introductory phase in the respective region. Among the countries in the RoW region, Brazil is the largest prospect for the metallocene polyethylene market.