Metallocene Polyolefin Market Research Report 2016 - 2024
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Major drivers of the global metallocene polyolefin market include high productivity of metallocene catalyzed polyolefins. This has increased its demand in various end-user industries, thus triggering market growth. Rising demand from food and non-food packaging industry is a major driver of the global market for metallocene polyolefin. In addition, increasing demand for metallocene polyolefins in various end-user applications is driving overall market growth. High cost of polyolefins as compared to other catalysts is a major restraint hindering market growth. Metallocene polyolefin is difficult to process in film-blowing equipment as compared to other substitutes which makes it difficult for end-user industries to use them. That is also hindering market growth globally. Growing applications of metallocene polyethylene (mPE) and metallocene polypropylene (mPP) is creating huge opportunities in the global market for metallocene polyolefin.
Geographically, the global metallocene polyolefinmarket is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the most dominant region for this market. This is attributed to increased demand from film & sheet application. Rise in demand for resins with high quality mechanical properties is another major reason driving market growth in this region. Asia Pacific is also forecasted to seethe most rapid growth rate over the forecast period owing to the high demand from end-user industries. North America is the second dominant region in the global market.
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Major players of the global metallocene polyolefin market include Daqing Petrochemical Co. Ltd. (China), Nova Chemicals Ltd. (Canada), Braskem S.A. (Brazil), UBE Industries Ltd. (Japan), Japan Polychem Corporation Ltd. (Japan), Sumitomo Chemical Corp. Ltd. (Japan), Daelim Industrial Corp. Ltd. (Korea), Gas Authority of India Ltd. (India), INEOS Group AG (Switzerland), Prime Polymer Co. Ltd. (Japan), LG Chem Ltd. (South Korea), Borealis AG (Austria), Sabic (Saudi Arabia), Chevron Phillips Chemical Company LLC (The U.S.), Lyondellbasell Industries Holdings B.V. (the U.S.), Total S.A. (France), The DOW Chemical Company(the U.S.) and ExxonMobil Corporation(the U.S.).
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