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

Published : Feb 2021

Report ID: FMO8290

Pages : 210

Format :

Waxes are a diverse class of organic compounds that are lipophilic, malleable solids near ambient temperatures. There are basically two types of waxes; synthetic and natural. Natural waxes are produced by plants and animals, whereas synthetic waxes are prepared in the laboratory mostly from derivatives of other materials. Polyethylene (PE) wax is a type of synthetic wax manufactured by polymerization of ethylene, which is a derivative of crude oil. Polyethylene wax can be commonly found in a pellet form, that is translucent, hard, and transparent white in appearance. Polyethylene waxes can be made in two main grades, emulsifiable and non-emulsifiable waxes and are differentiated on the basis of their molecular weights. It is mostly non-toxic and is odorless, and is resistant to water and certain types of chemicals.


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


The Global Polyethylene Wax Market wаѕ vаluеd аt UЅD 5,236 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 4.3% frоm 2021 tо 2030.


The report on Global Polyethylene Wax Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global 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 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 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 Polyethylene Wax Market.


Market Dynamics:


 


The rising demand for polyethylene wax from various end-use industries especially from the manufacturing industry for the production of polyvinyl chloride (PVC) is a major factor driving the growth of the global polyethylene wax market. Also, increasing use of polyethylene wax in the manufacture of coatings and printing inks coupled with PE wax being used to increase melting points of hydrocarbon waxes and its compatibility with petroleum and other waxes are major factors expected to fuel the growth of the global polyethylene wax market over the forecast period. Moreover, increasing shale gas exploration and production activities in developed and developing economies, ensuring a continuous supply of ethylene for the production of polyethylene wax is another major factor anticipated to aid the growth of the global polyethylene wax market to a significant extent.


However, volatile prices of crude oil from which ethylene is derived from which used for the production of polyethylene wax is a major factor restraining the growth of the global polyethylene wax market. Additionally, the availability of substitutes for polyethylene wax and developments in other materials that can be a viable substitute for polyethylene wax by players in the market are other major factors anticipated to hamper the growth of the global polyethylene wax 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 the most commonly used PE wax with high density and tensile strength and they are used in diverse application areas as it has high market penetration and is expected to grow at a stable growth rate.


Among the application segments, the masterbatches segment is projected to dominate the global market, owing to its wide application as plastic additives have demonstrated high demand. Plastic consumption is expected to rise exponentially over the forecast period resulting in high consumption of masterbatches.


 


Regional Analysis:


 


The Asia Pacific dominates the global polyethylene wax market in revenue terms owing to the high production of polyethylene wax and the increasing number of exports by industries in countries in the region. Also, the Asia Pacific market is expected to expand, registering the highest CAGR over the forecast period due to rapid industrialization and rising demand for polyethylene wax from emerging economies such as China, Japan, and India. The markets in Europe and North America accounted for significant revenue shares in the global polyethylene wax market, owing to increasing demand for polyethylene wax from various end-use industries, and high reserves of shale gas, and increasing exploration for shale gas reserves.


Global Polyethylene Wax Market Segmentation:


 


Segmentation by Type:



  • Low Density Polyethylene Wax

  • High Density Polyethylene Wax

  • Others


Segmentation by Application:



  • Printing Inks

  • Adhesives

  • Masterbatches

  • Plastics

  • Rubber

  • Others


Segmentation by region:


North America


Europe


Asia Pacific


Latin America


Middle East & Africa


 


Key Players:


 


Honeywell International Inc.


The International Group Inc.


Arya Chemical Inc.


The Lubrizol Corporation


Westlake Chemical Corporation


Clariant International


BASF SE


Trecora Resources


MITSUI CHEMICALS, INC.

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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