Polyethylene Wax Market Suppliers 2018 | Top Manufacturers - Honeywell International Inc., Mitsui Chemicals, Inc., Clariant, TRECORA RESOURCES, BASF SE, SCG, Innospec, The Lubrizol Corporation, EUROCERAS and Westlake Chemical Corporation

Polyethylene Wax Market – Market Overview

Polyethylene (PE) Wax is an ultra-low molecular weight polyethylene produced form ethylene monomer chains. These wax is highly used in various applications such as plastic processing, hot melt adhesive, ink & coating, and others due to its thermal stability, bio-compatible, durability, and superior performance. The hot melt adhesives are used in road marking application which is likely to drive the global market. The increasing infrastructure and rapid urbanization along with the high monetary investments is expected to propel the market growth. These adhesives are also used in construction and automotive as a slip agent, resin modifier, mold release agent, and others. The increasing demand for plastic products in food packaging, textiles, and others is anticipated to propel the market growth. The growing applications of the Polyethylene Wax in the paint & coatings industry is anticipated to augment the market growth during the review period.

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Polyethylene Wax Market- Competitive Landscape

The Global Polyethylene Wax Market is witnessing rapid growth primarily driven by growing consumer awareness and rising global sentiments in favour of environmental. Honeywell International Inc., Mitsui Chemicals, Inc., Clariant, BASF SE, Lubrizol, TRECORA RESOURCES are the leading players in this market. Most of these market participants are adopting the acquisition, collaboration tactics and launching new products in order to strengthen their market position and meet the growing demand. Growing construction and automotive sector coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Polyethylene Wax in the global market. Considering these trends, the Global Polyethylene Wax Market is set to witness considerable competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

May 02, 2016- TRECORA RESOURCES, leading manufacturer of specialty polyethylene waxes and provider of custom processing services located in Pasadena, Texas acquired the sterols production plant of BASF. Trecora acquired this sterol production plant to expand and diversify its revenue sources, to address new markets and to allow flexible manufacturing. This has enabled significant operating efficiencies and enhanced the value of combined facilities. This acquisition resulted in the purchase of production equipment of BASF which further resulted into broadening capabilities and potential markets for Trecora Resources.

23 February, 2017- ChemSpec Ltd., OH launched Deurex LDPE wax products in the U.S. Market, which are produced by Deurex AG, Germany. The products are named Deurex E 06 and Deurex E12 K and they exhibit low molecular weight, low melting points and have applications in a range of products such as cosmetics and skin care. These products are additives that act as dispersion aids, lubricants, flow promoters, and release agents.
Deurex’s technologically advanced manufacturing processes which include the High-Pressure Polymerization of ethylene and the Ziegler-Natta Polymerization Method has enabled the wax production at a very competitive price and has boosted the market growth.

January 12, 2018- Lubrizol Corporation announced to take participation at the American Coatings Show (ACS) to showcase its latest innovations named PowderAdd ™ and Lanco ™ which will be held on April 9-12 in Indianapolis. PowderAdd ™ is a micronized wax technology that enables unique matting and texturing effects for powder coated metal surfaces. Lanco ™ is the technology which delivers matting efficiency while providing high mar and scratch resistance for wood and metal applications. The wax based research and development is likely to augment the market growth in paints & coatings industry. These properties are also expected to drive the product demand in automotive sector.

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