Washington Magazine

Polyethylene Wax Market Worth 1.32 Billion USD by 2022 – Report by MarketsandMarkets™

 Breaking News
  • No posts were found

Polyethylene Wax Market Worth 1.32 Billion USD by 2022 – Report by MarketsandMarkets™

October 25
14:20 2018

Polyethylene Wax Market
Polyethylene Wax Market by Process (Polymerization, Modification, Thermal Cracking), Type (LDPE, HDPE, Oxidized, Micronized), Application (Plastic Processing, Hot-melt Adhesive, and Ink & Coating)

Polyethylene wax is a low molecular weight polyethylene polymer. It acts as an activator and dispersing material for polyethylene, polypropylene, and acrylonitrile butadiene styrene resins. There are different types of polyethylene wax, such as LDPE, HDPE, oxidized, and micronized wax, which are manufactured through polymerization, modification, and thermal cracking. It is used in various applications, such as are plastic processing, inks & coatings, hot-melt adhesives, rubber processing, polishes, textile, and cable filling.  

Download FREE PDF Sample Report at https://www.marketsandmarkets.com/pdfdownload.asp?id=124498707

Key players operating in the polyethylene wax market have adopted various strategies to strengthen their position in the market. Mergers & acquisitions was the key strategy adopted by the leading market players to achieve growth in the polyethylene wax market between 2014 and 2017. Key players in the market also adopted strategies, such as investments & expansions and partnerships to increase their global footprint and strengthen their distribution networks.

Honeywell International (US), Clariant International (Switzerland), Trecora Resources (US), Mitsui Chemicals (Japan), Marcus Oil and Chemical (US), and BASF (Germany), are some of the leading players in the polyethylene wax market.

Honeywell occupies the top position in the market for its broad product portfolio and global presence. The company offers different types of polyethylene wax, such as LDPE, HDPE, oxidized and EVA copolymer PE wax for a wide range of applications. Its products are widely preferred for PVC processing due to its excellent output rates, reduced calibration plate-out, controlled fusion maintaining physical properties, and enhanced surface quality. The company constantly focuses on a technological enhancement to improve its product performance and quality.

Mitsui Chemicals is the second-largest manufacturing company in polyethylene wax market. It offers different types of PE wax for a wide range of applications, such as pigment dispersants, slip agents and mold release agents for the molding of various synthetic resins, modifiers for printing ink and paints, aids for textile treatment and others. The major challenge faced in this business is the development of new products and the company focuses on improving its product quality.

In 2017, Clariant invested in its additives facilities to strengthen its position in China. The production units focus on offering performance additive solutions for packaging, agro-films, automotive, and other applications, and micronized waxes for various coatings & inks applications. The expansion also enables to shorten supply lead times and deliver high-tech solutions rapidly in this region.

Similarly, in 2014, Trecora Resources acquired SSI Chusei, Inc to enhance its specialty chemical and custom processing business. It increased the company’s footprint through the addition of a second chemical plant in Texas. Also, in 2015, the company partnered with Alpha Wax (Netherlands). The partnership helped the company expand its footprint in Europe and enhance its customer service.

The polyethylene wax market is projected to grow from USD 1.08 billion in 2017 to USD 1.32 billion by 2022, at a CAGR of 4.1% from 2017 to 2022. In this study, 2016 is considered as the base year to estimate the size of the polyethylene wax market, while 2017 to 2022 is considered as the forecast period. The increasing use of polyethylene wax across various applications, such as plastic processing, inks & coatings, hot-melt adhesives, rubber processing, polishes, textile, and cable filling, will increase the demand for polyethylene wax during the forecast period.

Based on process, modification is the fastest-growing segment in the polyethylene wax market. Micronized and oxidized polyethylene waxes are obtained by the modification process. The growth is backed by their major applications in different industries as they offer maximum rub and mar resistance, block resistance, slip, and re-coat ability.

Based on type, oxidized is expected to be the fastest-growing type segment of the polyethylene wax market during the forecast period. The growth of this segment is backed by its use in different applications, such as lubricants for PVC processing, dispersing agents for polar masterbatches, surface modifiers in hot-melt adhesives, and processing aids in various industries.

Based on application, ink & coating is projected to be the fastest-growing application segment of the polyethylene wax market during the forecast period. Polyethylene wax is used as an additive in the ink & coating industry for scratch, rub, and moisture resistance.  

APAC is the fastest-growing market for polyethylene wax. Key factors expected to drive the polyethylene wax in APAC are rapid industrialization, growing demand from various applications, and increasing government spending in emerging countries.  China is the fast-growing market for polyethylene wax in APAC.

Clariant International (Switzerland), Trecora Resources, Mitsui Chemicals (Japan), Honeywell International (US), Marcus Oil and Chemical (US), and BASF (Germany) are some of the leading players in the polyethylene wax market. These companies are majorly focusing on both organic and inorganic growth to increase its global footprint and market share.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/polyethylene-wax-market-124498707.html