Press release
PE Wax Market 2018-2024 |Honeywell, BASF, Westlake Chemical, SCG, Mitsui Chemicals America, Inc., The Lubrizol Corporation, Kerax Limited, Micro Powders, Inc. and Innospec Inc.
Polyethylene Wax Market
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Polyethylene Wax Market is likely to surpass USD 370 million; as projected by a new research report. Growing PE wax applications as a resin modifier, mold releasing agent, dispersant and slip agent in plastic processing will hold substantial potential for industry growth by 2024. Escalating growth trends in global plastic industry for the widespread applications will boost polyethylene wax market The product will also witness strong demand in formulation of printing inks for enhancing its gloss and friction coefficient.
Demand for printing inks in promotional catalogues, newspapers, brochures and banners will have positive influence on PE wax market by 2024. Also, modern packaging trends from several end-use industries including: pharmaceutical, food & beverage, electronic gadgets, textile, among others will also support the product growth.
Polyethylene wax market will be subjected to pricing fluctuations of crude oil in the near future, as ethylene being a chief raw material. The market will witness significant threat of substitution by Fischer-Tropsch (FT) wax, with its rising usage in adhesives & printing inks.
PE wax in powder form had been most prominent in 2016 and will feature the similar trend with a market share over 40% by 2024. Powdered form of product tends to exhibit various unique characteristics such as: better viscosity modification, high scratch resistance, enhanced anti-sticking in the PVC melts, etc.
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Plastic additives & lubricants segment had significant share in global PE wax market in 2016 and is expected to rise with gains over 3% CAGR by 2024. Polyethylene wax market will have a significant demand as a lubricant in PVC extrusion, in the future years. Product usage marks better molding complexity, abrasion & chemical resistance.
Asia Pacific region is expected to lead the PE wax market by 2024, with a massive share over 30%. Robust growth in the regional automotive sector, plastic industry and the infrastructural activities portray high growth potential for the product in the region in the coming years. Higher demand for PE wax is expected from China & India particularly for the candles usage in festive seasons.
PE wax market exhibited trends of consolidation in 2016 since the key industry participants held above 50% share. Key manufacturers are: BASF SE, Honeywell International, Clariant AG, Synergy Additives, Innospec Inc, Arya Chem, Mitsui Chemicals, SCG Chemicals, WIWAX, Micro Powders, Lubrizol Corporation, Kerax Limited and Westlake Chemical.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Polyethylene wax industry 360° synopsis, 2013 – 2024
2.1.1. Polyethylene Wax Market Business trends
2.1.2. Form by application trends
2.1.3. Application trends
2.1.4. Regional trends
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Chapter 3. Polyethylene Wax Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing product demand in PVC production
3.4.1.2. Robust growth in coatings industry
3.4.1.3. Elevating product demand from printing inks
3.4.2. Industry pitfalls & challenges
3.4.2.1. Unstable raw material price trends
3.4.2.2. Substitute threat from Fischer-Tropsch (FT)
3.5. Regulatory trends
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Pricing analysis
3.6.1. Cost structure analysis
3.6.2. Pricing by form
3.6.3. Pricing by region
3.7. Innovation & sustainability
3.8. Growth potential analysis
3.8.1. Patent landscape
3.9. Porter’s analysis
3.10. Competitive landscape, 2016
3.10.1. Strategy dashboard
3.11. PESTEL analysis
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