Polyethylene Wax Market Size, Value, Trend and Outlook 2023
Polyethylene Wax Market research report: information by type (High-Density Polyethylene Wax (HDPE) Wax, Oxidized Polyethylene Wax), by process (polymerization, modification) by application (plastic processing, hot melt adhesive) – Forecast till 2023
Polyethylene Wax Market Top Key Players Analyzed are:
Honeywell International Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), Clariant (Switzerland), TRECORA RESOURCES (U.S.), BASF SE (Germany), SCG (Thailand), Innospec (U.S.), The Lubrizol Corporation (U.S.), EUROCERAS (Poland), and Westlake Chemical Corporation (U.S.) among others.
Polyethylene Wax Market Introduction:
Polyethylene Wax is an ultra low molecular weight Polyethylene Wax composed of ethylene monomer chains. It is also called as PE wax. The three types of the compound are high-density Polyethylene Wax (HDPE) wax, low-density Polyethylene Wax (LDPE) wax and oxidized Polyethylene Wax. Moreover, its thermal stability, bio-compatible, durability, and superior performance are the important trends and factors influencing the market confidently. Therefore, they are used in various applications such as plastic processing, hot melt adhesive, ink & coating, and others.
Among the various segments in Polyethylene Wax market, oxidized Polyethylene Wax sub-segment is the leading type used in the market and is anticipated to continue its dominance over the assessment period. It is extensively used in the end-use industries as a slip agent, resin modifier, mold release agent, and others. Moreover, its growing consumption in paints & coatings, and others are set to drive the market in the next couple of years. It is projected that the modification segment is set to grow at a significant rate owing to its boundless use in food packaging, textiles, and adhesives. Polymerization sub-segment is the leading process utilized in the market owing to the endless production of high density and low-density waxes. The market by application is segregated into plastic processing, hot melt adhesive, ink & coating, and others. The ink & coating segment holds a major portion of the market due to increasing popularity of the product in packaging, corrugated, publication, and others. Moreover, the increasing demand for biocompatible, efficient organic compound in plastic processing, hot melt adhesive, and other sectors are projected to drive the market during the forecast period.
Full report on Polyethylene Wax Market report spread across 138 pages, profiling 15 companies and supported with tables and figures available @ https://www.marketresearchfuture.com/reports/polyethylene-wax-market-5344
Polyethylene Wax Industry Segmental Analysis:
The global Polyethylene Wax market is segmented into the type, process, and application. On the basis of type, the market is segregated into high-density Polyethylene Wax (HDPE) wax, low-density Polyethylene Wax (LDPE) wax, and oxidized Polyethylene Wax. The market by the process is sub-divided into polymerization, modification, and thermal cracking segments. The market by application is further categorized into plastic processing, hot-melt adhesive, ink & coating, and others.
Polyethylene Wax Market Targeted Audience:
- Polyethylene Wax market manufacturers
- Traders and Distributors of Polyethylene Wax market
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Geographical Analysis:
The Polyethylene Wax market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to growing demand for the product in packaging, buildings & construction, woodworking, and others. The oxidized Polyethylene Wax segment holds the major portion and is anticipated to continue its dominance in the market due to increasing consumption of Polyethylene Wax in various processes such as polymerization, modification, thermal cracking, and other processes. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.
The North American region is growing significantly due to the growing demand for hot melt adhesives in automotive, construction, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of magazines, catalogs, periodicals, directories in end-use applications has propelled the growth in countries such as the U.S., Canada, and Mexico to achieve a stunning growth in the market as they provide unique structural properties, and high standard performance to the product.
The European market has observed a steady growth in the last couple of years. It is projected that due to stringent rules and regulations implemented by the regional governments to use lightweight materials in end-use industries, the market is set to grow at a higher rate during the forecast period.
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.