Metallocene Polyethylene (mPE) Market

ExxonMobil (US) and Dow Chemical (US) are the Leading Players in the Metallocene Polyethylene (mPE) Market

The Metallocene Polyethylene (mPE) market is projected to reach USD 6.98 Billion by 2023, at a CAGR of 6.9% between 2018 and 2023. This market has been segmented on the basis of application, type, and region. The availability of plastic products at affordable rates and rise in demand for packaging materials have contributed to the increased consumption of mPE products in various applications. However, concerns related to higher capacity to demand ratio acting as a key challenge to the growth of the mPE market. The overcapacity of mPE in the market is directly affecting its sales. The supply of mPE has continued to outpace the demand with the establishment of new mPE production centers by existing and new players, creating a demand-supply imbalance in the mPE market.

Leading players operating in the mPE market include Sasol (South Africa), Braskem (Brazil), Reliance (India), Mitsui (Japan), ExxonMobil (US), Dow Chemical (US), LyondellBasell (Netherlands), SABIC (Saudi Arabia), Borealis (Austria), Formosa (Taiwan), INEOS (UK), Westlake (US), and NOVA Chemicals (Canada).

Key market players have focused on the adoption of growth strategies, such as mergers & acquisitions, expansions, new product launches, and agreements to enhance their market presence. Manufacturers of mPE resins are also focused on increasing investments in R&D activities to develop new grades of mPE. This, in turn, has helped mPE manufacturers widen their geographic reach and expand their customer base.

ExxonMobil, one of the key players operating in the mPE market, is engaged in the exploration, production, transportation, and sale of crude oil, natural gas, and petroleum products. The company operates through three business segments, namely, upstream, downstream, and chemical. Under the company’s chemical business segment, it offers mPE resins, in addition to aromatics, polypropylene plastics, and a wide range of specialty products. The company has strong R&D capabilities and has recently launched a new series of mPE resins to enhance its product portfolio. However, the company has experienced a sharp fall in its operating margins, which declined from 8.2% in 2016 to 3.5% in 2016, owing to a rise in operating expenses.

Dow Chemical is the leading producer of mPE resins. It operates as a diversified chemical company that is engaged in the development and distribution of chemicals, plastics, and industrial and agricultural products. The company operates through three business segments, namely, agricultural sciences, consumer solutions, infrastructure solutions, performance materials & chemicals, and performance plastics. The company has adopted new product launches, expansions, and agreements to expand its market share. The company also aims to expand its market presence in North America, Asia Pacific, South America, the Middle East, and Africa. It has filed several patents in the field of mPE, owing to its extensive R&D capabilities. The company has also strengthened its distribution network by establishing strong relationships with suppliers and distributors. For instance, in June 2017, Dow Chemical completed the construction of its new ELITE enhanced polyethylene production facility in Freeport, Texas. The facility produces 400,000 metric tons of polyethylene per year. This expansion strategy enabled the company to strengthen its foothold in the mPE market.

Related Reports:

Metallocene Polyethylene (mPE) Market by Application (Films, Sheets, Injection Molding, Extrusion Coating), Type (mLLDPE, mHDPE), and Region (APAC, North America, Europe, Middle East, South America) - Global Forecast to 2023

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
[email protected]

Metallocene Polyethylene (mPE) Market Size,  Share & Growth Report
Report Code
CH 4064
RI Published ON
4/3/2018
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status