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Global Oxidized Polyethylene Wax Industry Market Dynamics & Strategic Insights 2021-2030

Published : Feb 2021

Report ID: FMO8305

Pages : 200

Format :

Polyethylene wax is a polyethylene polymer that has low molecular weight and is used to improve and enhance process parameters & properties of various finished products across a range of applications in the plastics industry.


Global Oxidised Polyethylene Wax Market іѕ ѕеgmеntеd on the bаѕіѕ оf Type (High-Density Polyethylene Wax, Low-Density Polyethylene Wax) Application (Hot Melt Adhesive, Plastics, Coatings, Printing Inks, Rubber Processing, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).


The Global Oxidised Polyethylene Wax Market wаѕ vаluеd аt UЅD 315.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 9.2% frоm 2021 tо 2030.


The report on Global Oxidised Polyethylene Wax Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Oxidised Polyethylene Wax Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Oxidised Polyethylene Wax Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Oxidised Polyethylene Wax Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Oxidised Polyethylene Wax Market.


Market Dynamics:


 


The rising use of hot melt adhesives in consumer goods applications such as shoe manufacturing, furniture making, packaging, cigarettes, and baby diapers is anticipated to play a prominent role in future market growth. Rising demand for oxidized polyethylene wax from printing ink, as well as rubber & plastic, is a factor expected to drive the growth of the global market in the years to come. Moreover, ethylene is the major raw material used for manufacturing oxidized polyethylene wax and it finds high demand in various application segments. Increasing capacities of petroleum refineries and manufacturers of petroleum products have been insufficient to meet the parallel increase in product demand across end-use industries, and hence it has created a supply-demand gap in the market during the forecast period.


However, the raw materials for manufacturing polyethylene wax include polyethylene resin, polyethylene waste plastic, and polypropylene. These are petroleum-based products, the supply-demand gap of which results in volatile raw material prices. Furthermore, environmental regulations on the production of petroleum-based products such as the Clean Air Act, Clean Water Act, etc. are a key factor that hampers the growth of the global market over the forecast period.


Segmental Analysis:


 


Among the type segments, the high-density polyethylene wax segment is accounted for a major revenue share and is expected to maintain its dominance in the global market. This is attributed to use as a lubricant in PVC manufacturing as well as printing inks, color masterbatches, sealants, as well as rubbers & sealants.


Among the application segments, the plastics segment is projected to dominate the global market, owing to its strength, cost-effectiveness, durability, lightweight, and ease of handling, this product has found useful applications in agricultural, domestic, and industrial sectors.


Regional Analysis:


 


North America market is expected to account for major revenue share in the global oxidised polyethylene wax market, due to its consumption of automotive manufacturing and packaging industries. Also, increasing renovation and construction activities in the region, as well as paints & coatings used in the automotive industry, are factors that can be attributed to future market growth. The market for printing ink is strong in the Middle East and Africa regions due to its high requirement from the packaging industry. The UAE had indexed high growth in the demand for plastic products with Dubai accounting for a majority revenue share.


Asia Pacific is expected to account for the highest CAGR in the global oxidised polyethylene wax market, due to the largest consumers of ethylene with growing consumption into construction, packaging, and automotive sector in the region. Increasing demand in packaging applications is dominating over others due to characteristics of the product such as thermal resistance, corrosion resistance, and lightweight. China is the largest paints and coatings market and is expected to grow irrespective of economic growth. Major automobile manufacturers are also shifting their bases to this country which is further anticipated to have a positive impact on the product consumption.


Global Oxidised Polyethylene Wax Market Segmentation:


 


Segmentation by Type:



  • High-Density Polyethylene Wax

  • Low-Density Polyethylene Wax


Segmentation by Application:



  • Hot Melt Adhesive

  • Plastics

  • Coatings

  • Printing Inks

  • Rubber Processing

  • Others


Segmentation by region:


North America


Europe


Asia Pacific


Latin America


Middle East & Africa


 


Key Players:


 


BASF SE.


Westlake Chemicals


Honeywell International Inc.


Trecora Chemical


Munzing Chemie Gmbh


Marcus Oil

Scope:

Report Data Market
Forecast 2022 XX million/billion (2022-2032)
CAGR 2022 - 2032%
Analysis Period2022 - 2032
Base Year2021
Forecast Data2022 - 2032
Segments CoveredBy Type, By Application, And by Regions
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled.
Key Segments

By Type

By Applications

Report CoverageMarket Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Frequently Asked Questions

What is the future market value of the ?

The current market value for is expected USD XX million/billion by 2022.

What is the CAGR of the Market?

The is to grow at a CAGR of 5.3% during the forecast by 2032.

What is the Market segment?

On the basis of type, the is segmented into Types.

Who are the key players operating in the ?

The major players operating in the are Company.

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Published Date : Feb 2021 | Formats :

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