Global metallocene polyethylene market to hit $19.33 billion by 2020

The global metallocene polyethylene  (mPE) market is projected to be worth $ 19.33 billion by 2020, growting yearly by  8.9% from 2015 to 2020, according to a recent report by Research and Markets.

With various selections of of mPE available in the market today,  metallocene-based PE now comes in a range of grades and types. For example, mHDPE has  injection grades for high melt flow and good impact properties. mMDPE provides grades for film application; similarly, various grades are developed by mLLDPE for providing high puncture resistance, high stiffness, heat resistance, low heat sealing temperatures, and superior optical properties.

The report further states that the market will grow due to the shift in preference toward high grade polyethylene, high demand for films and sheet from the packaging and non-packaging industries, and technological advancements in end-use industries.

North America accounts for the largest share in the global metallocene polyethylene market in 2014 and is expected to continue doing so during the forecast period. Asia-Pacific is the fastest growing market due to rising demand for superior performance polymers from the packaging industry.

The high-scale industrialization, developing economy are some of the factors that have resulted into growth of this industry. Many global players are entering into the region due to cheap labor, easily availability of raw material, and favorable governmental rules and regulations.