DUBLIN, March 11, 2024 /PRNewswire/ -- The "Metallocene Polyolefin (mPO) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Metallocene Polyolefin (mPO) Market to Reach $31 Billion by 2030
The global market for Metallocene Polyolefin (mPO) estimated at US$15.2 Billion in the year 2022, is projected to reach a revised size of US$31 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2022-2030. Metallocene Polyethylene (mPE), one of the segments analyzed in the report, is projected to record 9.8% CAGR and reach US$22.2 Billion by the end of the analysis period. Growth in the Metallocene Polypropylene (mpp) segment is estimated at 8.1% CAGR for the next 8-year period.
This report delves into the Metallocene Polyolefin (mPO) market, providing insights into key competitors' percentage market share in 2023 and evaluating their competitive market presence worldwide. It offers a brief review of metallocene and introduces metallocene polyolefin, exploring its market prospects, growth drivers, opportunities, challenges, and restraints globally.
The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 11.5% CAGR
The analysis covers different types and applications of mPO, along with regional insights, highlighting China's pivotal role in global polyolefin-related trends. Additionally, recent market activity is examined to provide a comprehensive understanding of the current landscape in the mPO market.
The Metallocene Polyolefin (mPO) market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.6 Billion by the year 2030 trailing a CAGR of 11.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 8.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.
MARKET TRENDS & DRIVERS
- Packaging Industry: Major Growth Driver for Metallocene Polyethylene Market
- Strong Demand for Flexible Packaging to Support Market Growth
- A Major Application Area for Metallocene Polyethylene, Flexible Packaging & Its Strong Demand Patterns Opens a Parallel Avenue for Growth in Downstream Processing
- Packaging Materials' Hot Melt Adhesive Types
- Recovery of Automotive Industry Activates Fresh Growth Opportunities for Metallocene Polyolefins Market
- Car Production YoY % Growth in 2020 Across Major Regional Markets
- Growing Focus on Light Weight Models Drive Strong Business Case for Metallocene Polyolefins
- Breakdown of Automotive Material Mix: 2022E
- Lightweighting Trend in Auto Parts
- Erasing Welding Marks in the Interior Plastic Components with Metallocene PP Resin
- Metallocene Polyolefins Gaining Increased Acceptance in Medical Applications
- Potential Market for Medical Grade Metallocene Polyolefins (2023E): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
- Use of Polyolefins for Manufacturing Medical Devices and Packaging Witnesses a Surge
- Wearable Medical Devices: A Lucrative End-use Market for Medical Metallocene Polyolefins
- Building & Construction Metallocene Polyolefins Market to Drive Long Term Growth
- Recovery in Construction Sector to Boost Growth
- Trends in the Construction Industry Influence Market Uptake
- Rising Investments in Infrastructure Projects Strengthens Market Prospects
- Elevated Demand for Eco-Friendly Plastics
- Consumer Goods Industry Drives Demand for Metallocene Polyolefins
- Impact of COVID-19 on Electrical Equipment & Consumer Electronics Industry
- Growing Market for Consumer Electronics Presents Opportunity for mPO Market
- Smartphones & Tablets Emerge as High Growth Devices
- Personal Care Industry Emerges as a Promising End-Use Market for Metallocene Polyolefins Products
- Sophisticated Technologies to Enable High-Performance Polyolefin Materials & Products
- Advanced Properties Making Polyolefins Highly Adaptable
- Unabated & Unrelenting Use of Plastics Across Industries, Despite the Growing Urgency of Plastic Pollution, to Sustain Demand for Polyolefins Films and Sheets
- Rising Demand for Films and Sheets to Drive Market Growth
- Challenges Encountered by Metallocene Materials
FOCUS ON SELECT PLAYERS (Total 21 Featured)
- Borealis AG
- Braskem SA
- Chevron Phillips Chemical Company LLC
- DAELIM Industrial Co., Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- ExxonMobil Chemical Company
- GAIL (India) Ltd.
- INEOS Group AG
- Japan Polychem Corporation
- LG Chem Ltd.
- LyondellBasell Industries NV
- NOVA Chemicals Corporation
- Prime Polymer Co., Ltd.
- SABIC (Saudi Basic Industries Corporation)
- Sumitomo Chemical Co., Ltd.
- Total SA
- UBE Industries Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/june74
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