Transparency Market Research
Metallocene based technology is estimated to boost the growth of the polyolefin polyethylene, and polypropylene industries. The major players operating in the global polyethylene and polypropylene industries invest heavily in developing metallocene technologies to obtain a cutting edge advantage over their competitors.
The investment made for developing metallocene technologies accounts for approximately 75% of the total R&D investment made in the polyolefins industry with the remaining being spent for nourishing conventional technologies. Metallocene based polyolefins are expected to capture a huge market in the overall polymers market (both specialty polymers and bulk polymers market).
The global demand for metallocene resins is on a surge primarily due to the growing demand for superior quality polymers and elastomers, which is facilitated by metallocene technologies. Metallocenes also offer various process advantages over conventional thermoplastics and elastomers.
The growing R&D investment for developing metallocene technologies will provide immense opportunities to the players operating in the global market. Metallocene based polymers are expected to account for 10% of the total thermoplastic and elastomers market globally over the next few years. Although the market for metallocenes holds promise, the relative size of conventional polyethylene and polypropylene makes it look very small.
Flexible non-food packaging is the biggest application segment for metallocene polymers which accounts for approximately 35% of the total metallocenes demand. Shrink/stretch film is the next biggest application segment which accounts for over 27% of the total demand for metallocene resins. The shrink/stretch films segment is also the fastest growing application segment for metallocenes globally.
Some of the leading companies operating in the global market include Total Petrochemicals, Exxon Mobil Chemical Company, The Dow Chemical Company, Equistar Chemicals LP, and Mitsui Chemicals Inc.
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