Metallocene Polyolefin (Mpo) Market Size, Share and COVID-19 Impact Analysis, By Product Type (Metallocene Polyethylene (mPE) and Metallocene Polypropylene (mPP), By Application (Film & Sheet, Injection Molding, and Others), and Regional Forecast, 2024-2032

Metallocenes are compounds containing two cyclopentadienyl anions linked to metal centers in an oxidation state of II. Metallocenes are conventionally used for their catalytic activities. However, presently, metallocenes such as Metallocene Polyethylene (mPE) and Metallocene Polypropylene (mPP) are being widely used in industrial applications. Major industrial applications of metallocene polyolefins include film & sheet, injection molding, and others.

Increasing demand from the packaging industry is the key driver for the global metallocene polyolefin market. Increasing consumer spending has caused an increase in demand for packaged products resulting in increased demand for packaging materials. Metallocene polyolefin is widely used in packaging applications since it offers flexibility in the manufacturing and designing of packaging films. Along with this, it also provides heat resistance, increased rigidity, and better tensile strength making it a product of choice for films & sheets and injection molding.

The availability of alternatives and involved high costs are the factors anticipated to hinder the global metallocene polyolefin market. Alternatives such as PVC and ethyl vinyl acetate come with approximately the same properties. Further, the processing of metallocene polyolefin in film-blowing equipment is somewhat difficult making its use challenging for end-user.

Prominent players in the market are focusing on the development of value-added products to compete with their rivals in the industry. They are also engaged in strategic expansion and increasing their geographical footprint.

Impact of COVID-19 on the Metallocene Polyolefin Market

The COVID-19 pandemic negatively impacted the global metallocene polyolefin market. Restrictions on the movement to control the spread of COVID-19 in different countries disrupted the supply chain involved in the market. COVID-19 forced the temporary closure of different end-use industries resulting in decreased demand for metallocene polyolefin. However, by the end of 2020, with significant control over the spread of COVID-19, different end-use industries started operating at their full capacity. This has resulted in a heavy rise in demand for metallocene polyolefin for its applications in film & sheet and injection molding.

Key Insights

The report will cover the following key insights:

• Regulatory Scenario of Metallocene Polyolefin Market.


• Key Developments in Metallocene Polyolefin Market.


• Impact of COVID-19 on the Metallocene Polyolefin Market.

Analysis by Product Type

Depending on the type of product, the metallocene polyolefin market is segmented into metallocene polyethylene (mPE) and metallocene polypropylene (mPP). Among these, metallocene polyethylene (mPE) held the largest share of the global metallocene polyolefin market in 2021. The largest share held by the metallocene polyethylene is attributed to its higher demand for film & sheet and injection molding. Rising demand from the food and packaging and automotive industry for film and sheet and injection molding applications is the major factor contributing to the higher share of metallocene polyethylene. Packaging applications of metallocene polyethylene include trays, crates, bottles, caps, industrial bulk vessels, and drums.

Analysis by Application

Depending upon the application metallocene polyolefin market is segmented into film & sheet, injection molding, and others. Among these, film & sheet applications held the largest share of the global metallocene polyolefin market in 2021. The largest share held by the film and sheet segment is primarily attributed to the rising packaging industry across the globe. Increased demand for packaged food and beverages has resulted in heavy demand for packaging materials. Steadily rising online retail sales of different consumer goods including electronics, clothes, food and grocery, accessories of daily use, etc. are another significant factor contributing to the growth of the packaging industry. This, in turn, has resulted in heavy demand for film and sheets for packaging.

Regional Analysis

The global metallocene polyolefin market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the fastest-growing metallocene polyolefin market owing to rapid industrialization coupled with steadily rising urbanization in the region. Faster growth of the metallocene market in the region is primarily attributed to heavy demand for film & sheet application from the rising packaging industry. Increased demand for injection molding is also anticipated to present lucrative opportunities for the metallocene polyolefin market in the region.

North America and Europe hold a sizable portion of the global metallocene polyolefin market. The high growth of the packaged food industry in the region is the primary factor driving the demand for metallocene polyolefin for film and sheet applications in the region. The presence of prominent players in the region is another factor contributing to the sizable share of the regions in the global metallocene polyolefin market.

Latin America, the Middle East & Africa are expected to witness significant growth due to the rising packaging industry in these regions. Increasing demand for films and sheet applications is the major factor driving the metallocene polyolefin market in the region.

Key Players Covered

The report will include the profiles of key players such as ExxonMobil Corporation, LyondellBasell Industries Holdings B.V., Chevron Phillips Chemical Company LLC, SABIC, Borealis AG, LG Chem Ltd., Prime Polymer Co. Ltd., Ineos Group AG, Daelim Industrial Corp. Ltd., The Dow Chemical Company, Braskem AG and others.

Segmentation

Key Industry Developments

• In August 2022, LyondellBasell together with Röchling Medical launched eyedrop containers using CirculenRenew polymers. CirculenRenew polymers of LyondellBasell offer different polypropylene and polyethylene grades equivalent to virgin resin quality.


• In May 2022, ExxonMobil announced that it is going the expands its production capacity for olefinic elastomer at its Baytown, Texas site as part of its US$ 2 billion expansion project.


• In May 2022, Braskem announced that it is investing more than US$ 2 million in a joint project with partners in the U.S. for developing technology to recycle complex packaging by recycling a mixture of different inputs.