Metallocene linear low-density polyethylene (mLLDPE) demand in India is projected to grow at a healthy CAGR of 7.21% during the forecast period. mLLDPE’s unmatched quality and superior film performance makes it a highly reliable choice for downstream packaging sectors, thereby contributing to its exceptional growth in the India Polyethylene market. Due to its outstanding properties like high flexibility and elasticity, mLLDPE is finding strong applications particularly in producing stretch wrap films, agricultural films and food packaging films.

Metallocene LLDPE resins are well recognized for their excellent dart impact and puncture resistance, lightweight, superior organoleptic properties, brilliant clarity and outstanding hot tack and heat seal benefits. There has been a tremendous rise in mLLDPE packaging films demand from the country’s strongly growing food, beverages and medical sectors. Moreover, increasing demand for shrink wraps and heavy-duty shipping sacks will drive the mLLDPE demand during the forecast period. mLLDPE resin is also blended or coextruded with other Polyethylene resins for manufacturing agricultural films. Increasing investments by the government of India towards development of its agriculture sector, are likely to boost the demand for mLLDPE in the years to come.

These days, retailers and consumers are opting for more sustainable films made from fewer resources and at the same time do not want to compromise on performance of the packaging material. mLLDPE can satisfy these seemingly conflicting requirements of the consumers, allowing for significant down-gauging opportunities.

Currently, India’s mLLDPE industry is relatively dull due to bearish buying sentiments on the back of a wider price gap between C4 LLDPE and C6 mLLDPE in India. However, Prime Minister Narendra Modi’s vision and prevalent echoes on establishing a self-reliant country through “Make in India” scheme shall enable the mLLDPE market to register a significant spike in its yearly growth sooner than expected.

Years Considered for this Report:

  • Historical Years: 2015– 2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022 – 2030

Objective of the Study:

  • The primary objective of the study was to evaluate and forecast metallocene linear low-density polyethylene capacity, production, demand, inventory, and demand – supply gap in India.
  • To categorize metallocene linear low-density polyethylene demand based on application, distribution channel, grade and region.
  • To study trade dynamics and company share in India metallocene linear low-density polyethylene market.
  • To identify major customers of metallocene linear low-density polyethylene in India.
  • To evaluate and forecast metallocene linear low-density polyethylene pricing in India.
  • To identify and profile major companies operating in India metallocene linear low-density polyethylene market.
  • To identify major news, deals and expansion plans in India metallocene linear low-density polyethylene market.

Currently, GAIL India Ltd. and RIL are the only producer of mLLDPE in India, making country’s total installed mLLDPE capacity to 550 KTPA as of financial year 2020. Other international players operating in the India mLLDPE market include ExxonMobil Corporation, The Dow Chemical Company, Braskem, China Petrochemical Corporation (CPC), Mitsui & Co., INEOS, LyondellBasell Industries Holdings B.V. and Nova Chemicals Corporation.

Import of mLLDPE increased by almost 8 per cent in FY20 and mLLDPE prices were assessed at USD XXX per MT on bulk contract basis. The mLLDPE prices in India were pushed up to around $1,260-1,280/tonne CIF India in Q4FY20 due to trade restrictions throughout Southeast Asia due to COVID-19 related uncertainties. mLLDPE prices are likely to get higher in the next two quarters, triggered by tight supply situation and increasing demand in the downstream sectors as Indian economy head towards recovery after strong blows of the pandemic. Moreover, the recent plunge in crude oil and naphtha values due to coronavirus outbreak has resulted in a significant slump in mLLDPE feedstock costs and hence, players are likely to enjoy better margins and anticipating their annual profits to increase beyond their expectations.

To extract data for India metallocene linear low-density polyethylene market, primary research surveys were conducted with metallocene linear low-density polyethylene manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India metallocene linear low-density polyethylene market over the coming years.
ChemAnalyst calculated metallocene linear low-density polyethylene demand in India by analyzing the historical data and demand forecast was carried out considering raw material prices and crude oil prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.

Key Target Audience:

  • Metallocene linear low-density polyethylene manufacturers and other stakeholders
  • Organizations, forums and alliances related to metallocene linear low-density polyethylene distribution
  • Government bodies such as regulating authorities and policy makers
  • Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as metallocene linear low-density polyethylene manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:
In this report, the India mLLDPE market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Grade- Mono layer & Multilayer Films, Extrusion Coating, Rotational Molding, Others
  • Market, by Application- Flexible Packaging, Extrusion Coated Lamination, Rotational Molding and Others
  • Market, by Sales Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
  • Market, by Region- North, West, East and South