The global metallocene polyethylene (mPE) market is projected to grow from USD 7.7 billion in 2023 to USD 10.5 billion by 2028, at a CAGR of 6.2% during the forecast period. mPE has a number of advantages, including improved mechanical qualities, increased processability, greater heat resistance, and exceptional clarity. Due to these advantages, it is ideal for a wide range of applications, which can drive demand and market growth.
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Companies such as ExxonMobil Corporation (US), The Dow Chemical Company (US), LyondellBasell Industries Holdings B.V. (Netherlands), SABIC (Saudi Arabia), and Borealis AG (Austria) fall under the winners’ category. These are leading players in the metallocene polyethylene (mPE) market globally. These players have adopted the strategies of expansions, joint ventures, new product development, partnerships, mergers, and acquisitions to fulfill the rising demand for face masks on the regional and global levels.
ExxonMobil operates in various business segments such as energy products, upstream, chemical products, and specialty products. The company’s chemical business segments produce different types of metallocene polyethylene resins which are used in diverse applications such as agricultural films, food packaging, and others. In January 2022, ExxonMobil formed a joint venture with SABIC to build a facility that includes an ethane steam cracker, two polyethylene units, and a monoethylene glycol unit.
SABIC is a diverse chemical manufacturing company that operates in various regions including the Americas, Europe, the Middle East, and Asia-Pacific. The company manufactures metallocene polyethylene products under its petrochemicals and specialty unit. The company serves its products to various industries such as construction, packaging, and medical devices. In November 2022, SABIC partnered with Jinming Machinery Co., Ltd. & Bolsas de los Altos. The aim of this partnership is to drive innovation in the flexible film packaging industry.
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LyondellBasell Industries Holdings B.V.
LyondellBasell Industries Holding B.V. operates in various business segments such as Olefins and Polyolefins, Intermediates and Derivatives, Refining and Marketing, and Technology. Its olefins and polyolefins segment manufactures metallocene polymers which is used in diverse applications such as automotive and packaging films. In November 2022, LyondellBasell Industries Holding B.V. announced its plan to expand its propylene production capacity at its Channelview Complex near Houston, TX.
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