PUNE, India, May 20, 2016 /PRNewswire/ --
The report "Metallocene Polyolefin (mPO) Market by Type (MPE & MPP), Application (Film & Sheet, Injection Molding, and Others), and by Region - Global Forecast to 2021", published by MarketsandMarkets, The market size is estimated to grow from USD 7.89 Billion in 2015 to USD 14.05 Billion by 2021, at a CAGR of 10.15%.
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Browse 76 market data Tables with 64 Figures spread through 168 Pages and in-depth TOC on "Metallocene Polyolefin (mPO) Market"
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The market is driven by the rising food and non-food packaging industry developments, increasing demand for injection molding application, and rise in technological advances in product portfolios of metallocene polyolefins.
Film & Sheet: The Largest Application Segment of the Metallocene Polyolefin Market
In 2015, the film & sheet application accounted for the largest market share, in terms of value, followed by injection molding and others. The injection molding application is estimated to grow at the highest CAGR, in terms of value between 2016 and 2021. The high growth can be attributed to the growing demand for injection molded plastics in packaging and automobile industries. Enhanced clarity and reductions in both initial seal temperature and crystal structure create many advantages for packaging industries. These factors have triggered the demand for metallocene polyolefins and positively influenced the growth of the Metallocene Polyolefin Market worldwide.
Asia-Pacific: The Largest Market for Metallocene Polyolefins
Asia-Pacific is currently the largest market for metallocene polyolefin. China is the largest while India the fastest-growing market for metallocene polyolefin in the region.
The following factors are the main driving forces for the metallocene polyolefin market in Asia-Pacific:
- High demand for metallocene polyolefin in the region
- Growing food packaging industry
- Growing demand for resins with superior mechanical properties in countries such as China and India
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ExxonMobil Corporation (U.S.), The Dow Chemical Company (U.S.), LyondellBasel Industries Holdings B.V. (Netherlands), Chevron Phillips Chemical Company LLC (U.S.), Total SA (France), SABIC (Saudi Arabia), Japan Polychem Corporation Ltd., Braskem AG (Brazil), and LG Chem Ltd. (South Korea) are the key players of the metallocene polyolefin market.
This report covers the market size, in terms of value and volume, for metallocene polyolefin and forecasts the market size till 2021. It includes the market segmentation by type - metallocene polyethylene (mPE), metallocene polypropylene (mPP); by application film & sheet, injection molding, and others; and by region - North America, Western Europe, Central & Eastern Europe, Asia-Pacific, the Middle East & Africa, and South America. These regions are further segmented into countries such as China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, the U.S., Canada, Mexico, Germany, France, Italy, the U.K., Spain, Russia, Poland, Turkey, Iran, UAE, Africa, Saudi Arabia, Brazil, and Argentina. The report also provides company profiles and competitive strategies adopted by the key players in the metallocene polyolefin market.
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