H1 2023: The top players in the global mLLDPE market in H1 2023 were ExxonMobil Corporation, Prime Polymer Co. Ltd., Daelim Industrial Co. Ltd., and PTT Global Chemical Public Company Limited. Based on region-wise consumption, the Asia Pacific region was the leading consumer. However, in the first three months of 2023, mLLDPE prices were bearish, owing to strong inventory levels held by market participants. There were consistent production rates and sluggish demand from the packaging and other downstream industries of the region. In April, MLLDPE prices in China rose. Increased feedstock ethylene prices influenced the pricing trend for mLLDPE in the Asia Pacific region. However, prices fell in June 2023 due to low demand from the downstream packaging industry and the market uncertainty in China. The Chinese economy slowed which resulted in poor buying activity in China. On the other hand, mLLDPE prices in the US market were almost steady in the first three months of 2023, with only minor fluctuations. Stable to poor demand dynamics from the packaging and other industries, combined with sluggish feedstock prices, resulted in mLLDPE prices being stable. Upstream natural gas and crude oil prices fell, resulting in low production costs. Meanwhile, the economic slowdown and looming recession kept demand levels low in the US, resulting in abundant mLLDPE availability. However, from April to June 2023, the US mLLDPE market was bearish. The main reason for the drop in prices is the weak demand from the downstream packaging, automotive, and construction sectors. Furthermore, plentiful supply, along with decreased demand due to inflationary pressures and increased interest rates, also influenced the price trend for mLLDPE in the US.
The global Metallocene Linear Low Density Polyethene (mLLDPE) market has reached approximately 2200 thousand tonnes in 2022 and is expected to grow at a CAGR of 5.23% during the forecast period until 2035. mLLDPE has replaced other polyolefins as it offers significant performance advantages over like superior toughness, sealing performance improvements along with improved optics. Major application of this product is in packaging sector attributing to excellent impact and puncture resistance. mLLDPE is used in fabrication of high-performance film which is used for various application such as food and medical packaging, heavy duty sack etc.
Metallocene Linear Low Density Polyethene is produced using metallocene with Ziegler catalyst. Although mLLDPE was introduced many years ago but it failed to get the popularity in the market due to high cost. Withstanding the challenges, manufacturers are now producing low cost mLLDPE, using modern fabricating equipment which has optimized the process and increased the output thereby, resulting in low-cost product. Owing to high mechanical strength, better barrier properties & elasticity, it is employed in manufacturing of laminating sheet. Other applications of mLLDPE include consumer goods- housewares, flexible toys, agricultural films and wiring cables. Based on grade, the Metallocene Linear Low Density Polyethene (mLLDPE) market is divided into C6 grade and C8 grade.
Growing demand for packaging materials is anticipated to be the primary driver for the expansion of the Metallocene Linear Low Density Polyethene (mLLDPE) market. Owing to its properties, this chemical is employed in manufacturing of laminating sheet. Laminating packing is better than single film because laminating improves the strength of material by making it more resistance to tearing, punching. Moreover, introduction of co extruded sealant film is anticipated to increase the demand of mLLDPE in the forecasted period. The Packaging Industry consumed approximately 78% of the global mLLDPE in 2022. Growing concern of people on their health and wellness has led to a growth in demand for packed food products including fruits and vegetables, resulting in a further surge in the demand for flexible mLLDPE packaging. The Metallocene Linear Low Density Polyethene (mLLDPE) market is expected to reach nearly 4200 by 2035.
Based on demand by region, Asia Pacific dominates the global Metallocene Linear Low Density Polyethene (mLLDPE) market and consumed approximately 50% of the total production in 2022. Robust demand for metallocene linear low-density polyethylene for food packaging is anticipated to further aid the mLLDPE market during the forecast period in countries like India, Japan, and South Korea of the APAC region. Moreover, as a result of urbanization in these developing nations, the surge in demand of ready-to-eat items is anticipated to further fuel the mLLDPE market in future. Furthermore, USA is the leading producer of mLLDPE on the global level.
Based on the end-user industry, the Metallocene Linear Low Density Polyethene (mLLDPE) market is segmented into sectors such as Packaging, Agriculture Film, Heavy Duty Sacks, and Others. The Packaging industry is the major consumer of mLLDPE. Owing to increase in e-commerce, the packaging sector is anticipated top further propel the mLLDPE demand in the forthcoming years.
Significant companies producing the Global Metallocene Linear Low Density Polyethene (mLLDPE) are ExxonMobil Corporation, Prime Polymer Co Ltd., Daelim Industrial Co. Ltd, PTT Global Chemical Public Company Limited, The Dow Chemical Company, LG Chem, Chevron Phillips Chemical Company, Ineos Group Ltd, Repsol, SABIC SK Nexlene Company, Braskem, Shenyang Chemical, and Gas Authority of India Limited (GAIL).
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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The objective of the Study:
• To assess the demand-supply scenario of Metallocene Linear Low Density Polyethene (mLLDPE), which covers the production, demand, and supply of Metallocene Linear Low Density Polyethene (mLLDPE) around the globe.
• To analyze and forecast the market size of Metallocene Linear Low Density Polyethene (mLLDPE).
• To classify and forecast the Global Metallocene Linear Low Density Polyethene (mLLDPE) market based on end-use and regional distribution.
• To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Metallocene Linear Low Density Polyethene (mLLDPE) market.
To extract data for the Global Metallocene Linear Low Density Polyethene (mLLDPE) market, primary research surveys were conducted with Metallocene Linear Low Density Polyethene (mLLDPE) manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global Metallocene Linear Low Density Polyethene (mLLDPE) market over the coming years.
ChemAnalyst calculated Metallocene Linear Low Density Polyethene (mLLDPE) demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the production of raw material to produce Metallocene Linear Low Density Polyethene (mLLDPE). ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Metallocene Linear Low Density Polyethene (mLLDPE) manufacturers and other stakeholders
• Organizations, forums and alliances related to Metallocene Linear Low Density Polyethene (mLLDPE) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Metallocene Linear Low Density Polyethene (mLLDPE) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Metallocene Linear Low Density Polyethene (mLLDPE) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
2200 thousand tonnes
Market size Volume by 2035
4200 thousand tonnes
Growth Rate
CAGR of 5.23% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Capacity by Process, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Packaging, Agriculture Film, Heavy Duty Sacks, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What is the expected global market size of Metallocene Linear Low Density Polyethene (mLLDPE) in terms of volume for 2035?
Ans:
The global market size of Metallocene Linear Low Density Polyethene (mLLDPE) is expected to reach approximately 4200 thousand tonnes by 2035 with an expected CAGR of 5.23%.
Q2.
What are the major end-use industries of Metallocene Linear Low Density Polyethene (mLLDPE)?
Ans:
Metallocene Linear Low Density Polyethene (mLLDPE) is used in a wide range of end use industries including Packaging, Agriculture Film, Heavy Duty Sacks, and Others.
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