METALLOCENE LLDPE MARKET ANALYSIS (2019-2027)

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2. METALLOCENE LLDPE MARKET ANALYSIS • Metallocene LLDPE Market- by End Use (Film (Heavy & Medium Duty Bags, Stretch Film, Food Packaging, Greenhouse Films, and Lamination), Blow Molding, and Others), By end-use industry (Food Packaging, Non-food Packaging, and Automotive), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Metallocene linear low density polyethylene (Metallocene LLDP) is a thermoplastic material, which is manufactured by using metallocene catalyst. Metallocene LLDP has exceptional optical properties and enhanced puncture strength and impact compared to other metallocene resins such as metallocene high pressure low density polyethylene. The metallocene LLDP films have applications in heavy-duty bags, packaging, stretch films, and others. Market Dynamics: Growth of the market is majorly attributed to increasing use of Metallocene LLDP resins in packaging industry. Metallocene LLDPE is highly elastic and flexible. Therefore, it is extensively used in the manufacturing of extrusion coated lamination, flexible packaging, and rotational molding for industrial and food applications. The new generation metallocene LLDPE films are designed to offer improved mechanical strength, increased optical properties, greater stiffness, and high tensile strength. New generation metallocene LLDPE film have applications in industrial, food, and hygiene packaging. However, the growth of the market is expected to be restrained by the high cost of catalyst. Key players in the market are focusing on various strategies such as business expansion, in order to strengthen their market position. For instance, in 2017, Chevron Phillips Chemical Company LLC started its new polyethylene unit at Old Ocean, Texas, U.S. In this new plant, the company manufactures around 500,000 MT (metric tons) of polyethylene annually. This new unit manufactures polyethylene resins such as metallocene LLDPE film and bi-modal film, and pipe products. This new unit adopted Chevron Phillips Chemical's proprietary MarTech technology.

4. Market Outlook:  On the basis of end-use industry, the non-food packaging segment is expected to hold a dominant position in the market. The global packaging sector is expected to exhibit high growth during the forecast period, owing to increasing plastic consumption for the packaging of food and non-food items. The primary region that is expected to drive growth of packaging sector is Asia Pacific, with increasing demand from emerging economies such as India and China. The factors attributing growth of the packaging sector include increasing number of end-use industries, technological innovations in manufacturing of plastic goods, rapid urbanization, and others.   Among regions, Asia Pacific region is expected to hold a dominant position in the global metallocene LLDPE market during the forecast period. For instance, according to Assocham-EY, demand for plastic and packaging materials in India is expected to grow significantly over the forecast period (2019-2027), with packaging industry expected to reach over US$ 70 Bn by 2020. Thus, rapidly expanding plastic industry and increasing demand of packaging materials in Asia Pacific is expected to create various growth opportunities for players in the metallocene LLDPE market over the forecast period.

5. Key players: • Key players operating in the global metallocene LLDPE market include Borealis AG (Austria), Formosa Plastics Corporation (Taiwan), Chevron Phillips Chemical Company (U.S.), SABIC (Saudi Arabia), INEOS Group Limited (U.K.), Dow Inc. (U.S.), LyondellBasell Industries N.V. (Netherlands), Exxon Mobil Corporation (U.S.), Total Petrochemicals USA (U.S.), Brentwood Plastics Inc. (U.S.), and Prime Polymer Co., Ltd. (Japan) among others. • Market Taxonomy: • On the basis of end use, global metallocene LLDPE market is segmented into: • Film • Heavy & Medium Duty Bags • Stretch Film • Food Packaging • Greenhouse Films • Lamination • Blow Molding • Others

6. On the basis of end-use industry, global metallocene LLDPE market is segmented into: • Food Packaging • Non-food Packaging • Automotive • On the basis of region, global metallocene LLDPE market is segmented into: • North America • U.S. • Canada • Mexico • South America • Brazil • Argentina • Rest of South America

7. Europe • U.K. • Germany • Italy • France • Spain • Russia • Rest of Europe • Asia Pacific • China • India • Japan • South Korea • ASEAN • Australia • Rest of Asia Pacific • Middle East & Africa • Middle East • Africa

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