According to this report, the global Metallocene Polyethylene market is expected to grow at US$ 22.3 Bn by the end of 2025 from US$ 20.4 Bn in the year 2018. The Metallocene Polyethylene market is growing with a sluggish CAGR of 1.1% during the predicted period.
Global Metallocene Polyethylene Market: Drivers and Restraints
With the increasing demand for injection molded products such as medical products, food containers, plumbing products, agriculture products, garbage receptacles, and toys the metalloccene polyethylene market is expected to grow in the years to come. The increasing demand for packaging materials is contributing to the growth of packaging industry around the world. This is one of the significant drivers that drives the growth of the market.
Due to the rising demand from several end-use industries such as personal care, food and beverages, and consumer goods, the metallocene polyethylene market is showing a higher growth in flexible packaging. This is due to its higher efficiency and capability in optical and sealing properties.
However, growing concerns regarding the disposal of plastic products and films are expected to restrict the growth of the global Metallocene polyethylene market over the anticipated period.
Global Metallocene Polyethylene Market: Segmental Analysis
The global market for metallocene polyethylene is segmented into product type and applications. mLDPE, mLLDPE, and mHDPE are the key segments of the product type. The mLLDPE segment is likely to hold the remarkable market share due to its high tensile power and puncture resistance. Based on the applications, the market is segmented into Extrusion Coating, Film, Injection Molding, and Sheet.
Global Metallocene Polyethylene Market: Regional Analysis
Asia Pacific is likely to grab significant market share for metallocene polyethylene over the anticipated period. This is due to the rising demand from end-use industries and the increasing plastic industry sector in the emerging economies such as India and China. Europe is expected to grow at a significant rate in the near future. North America is likely to perform well in the global metallocene polyethylene over the forecasted period.
Global Metallocene Polyethylene Market: Key Manufacturers
Some of the leading companies functioning into the global market for metallocene polyethylene are Qilu Petrochemical, ExxonMobil, UBE, Dow Chemical, Borealis, Total Petrochemical & Refining, Nova Chemical, Chevron Phillips Chemical, INEOS Olefins and Polymers, SK, Daelim, Univation Technologies, LyondellBasell Industries, and Prime Polymer
Exxon Mobil posts big quarterly profit beat as oil major hikes production
Exxon Mobil on February 15 posted quarterly earnings that easily beat the expectations and have also shown slowly increased in the fossil fuel production moving towards the trend of declining output. The stock price of the world's largest Oil and Gas Company was more than 3% to nearly $76 per share. The company has earned a quarterly profit of $6 billion with including the impacts of US Tax changes that goes down to 28% year ago.
Exxon EPS is $1.41 by beating Refinitiv forecasts to $1.08 per share. With excluding tax impacts, the company earned $6.41 billion in the end of the quarter, by making 72% increase during the same period of time. The company has grown its overall production of oil & natural gas, and other hydrocarbons slightly by hitting 4 million barrels of oil in the same quarter period.