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India Metallocene linear low-density polyethylene (mLLDPE) Price, Demand and Supply 2030

Sudden outbreak of COVID-19 rendered an unprecedented downfall in the feedstock ethylene due to crash in upstream crude values giving manufacturers an upper edge. However, demand downturn and trade restrictions pressurized the domestic manufacturers to temporary shut their production units.

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India Metallocene linear low-density polyethylene (mLLDPE) Price, Demand and Supply 2030

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  1. India’s Metallocene LLDPE Demand to Break Records and Register a CAGR of 7.21% by 2030 According to ChemAnalyst report, “India mLLDPE Market: Plant Capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, Grade, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,India’s metallocene linear low-density polyethylene (mLLDPE) market is expected to grow at a healthy CAGR of 7.21% during the forecast period on account of increasing utilization of mLLDPE in manufacturing superior quality and high-performance films which makes it a material of choice over other Polyethylene for the downstream packaging applications. Increasing demand for mLLDPE films for diverse packaging applications due to their unmatched characteristics and economic benefits will propel the demand for mLLDPE in the forecast period. Browse Complete Report: India Metallocene linear low-density polyethylene (mLLDPE) Pricing Packaging sector accounts for about 70% share in India’s mLLDPE demand due to its remarkable properties like improved puncture and tear resistance. In addition, outstanding characteristics like high flexibility, lightweight, superior organoleptic properties, and outstanding hot tack and heat seal benefits make mLLDPE films stand at par with other packaging polymers used worldwide. Hence, mLLDPE is being popularly adapted for producing high-performance films applications such as stretch wraps, heavy duty shipping sacks, medical packaging, agricultural, food packaging films and many others. India’s rapidly expanding pharmaceutical sector which has a strong reliance on the packaging industry is likely to accelerate the demand for mLLDPE in the forecast period. Chemical-Pricing: https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False Sudden outbreak of COVID-19 rendered an unprecedented downfall in the feedstock ethylene due to crash in upstream crude values giving manufacturers an upper edge. However, demand downturn and trade restrictions pressurized the domestic manufacturers to temporary shut their production units. India’s mLLDPE volumes fell significantly in Q4 FY20 as GAIL had to shut its Pata plant to manage inventory against the evaporating demand due to slump in industrial activities during COVID-19. mLLDPE prices hovered between $1,260-1,280 per tonne CIF India in the fourth quarter of FY20 and are likely to remain pressured till Q2 FY21 due to bearish buying sentiments and wider price gap between C4 LLDPE and C6 mLLDPE in India. However, with recovery in demand the industry is likely to recover the incurred losses and witness remarkable growth in the next couple of years. According to ChemAnalyst report, “India mLLDPE Market: Plant Capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, Grade, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, currently GAIL India Ltd. and RIL are the sole producers of mLLDPE in India. The country’s total installed mLLDPE capacity stands at 550 KTPA as of financial year 2020. In FY2019, GAIL (India) Ltd successfully produced Metallocene linear-low density polyethylene (mLLDPE) at its large 400 KTPA UNIPOL PE Reactor line located in Pata, Uttar Pradesh. Moreover, to reduce India’s reliance overall external catalyst suppliers, RIL is continuously working towards development of metallocene catalyst technology to produce mLLDPE resins with desired morphology and molecular weight characteristics through gas phase processes. However, since India still lacks in domestic mLLDPE manufacturing, it

  2. imports appreciable volumes of the polymer from international players like ExxonMobil Corporation, The Dow Chemical Company, Braskem, China Petrochemical Corporation (CPC), Mitsui & Co., INEOS, LyondellBasell Industries Holdings B.V. and Nova Chemicals Corporation. “India’s packaging industry is among the fastest growing industry and is increasingly becoming a preferred hub of huge investments. Currently the 5th largest sector of the Indian economy, the packaging sector is predicted to grow at the rate of 18% annually, with annual growth in the flexible packaging sector expected to be 25% and rigid packaging to be 15% during the forecast period. Due to its high heat resistance and excellent mechanical performance, mLLDPE resins offer a high potential in the flexible packaging sector. With up to 25% downgauging opportunities mLLDPE films are highly compliant with the idea of “Circular Economy”, which major economies are striving for. Moreover, increasing penetration of the Government of India towards making India a global manufacturing hub through initiatives like “Make in India” and sector specific initiatives is likely to propel the demand for packaging polymers such as mLLDPE in the next six years. This has made domestic mLLDPE players highly optimistic about the market dynamics and eye on capacity expansions. Moreover, industrialists are keen to invest in the latest mLLDPE production technologies and downstream packaging developments which would create a huge momentum in the mLLDPE demand during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst. About Us ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in- depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India.ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more For more information, please visit us at www.chemanalyst.com Contact Us: Nilesh Vishwakarma B-44 Sector-57 Noida, National Capital Region Tel: 0120-4523948 Mob: +91-8882336899 Email: info@chemanalyst.com

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