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Global Polyethylene Wax Market Analysis With Top Key Players Like SCG Chemicals Co. Ltd., Mitsui Chemicals Inc., Honeywell International Inc & Others
Global Polyethylene Wax Market
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Due to high demand and the value of market research for the success of different sectors, Polyethylene Wax market report has been prepared by covering many work areas. Polyethylene Wax market report delivers a detailed study with present and upcoming opportunities to simplify the future investment in the market. Market segmentation is also covered in detail by considering several aspects that is sure to help businesses out there. The base year for calculation in the report is taken as 2019 and the historic year is 2018 which will inform you how the Polyethylene Wax market is going to perform in the forecast years.
Market Analysis:
Global Polyethylene Wax Market
Global Polyethylene Wax Market was valued at an estimated USD 1.15 billion in 2018 and the market is expected to grow with a CAGR of 3.95% in the forecast period of 2019-2026, resulting in a projected rise to a value of USD 1.56 billion by 2026. The factor behind this rise in market value is the enhanced characteristics that are increasing the demand from various end-use industries.
Key Market Competitors:
Few of the major competitors currently working in the polyethylene wax market are WIWAX, The International Group Inc., SCG Chemicals Co. Ltd., Mitsui Chemicals Inc., Honeywell International Inc., Westlake Chemical Corporation, Clariant, BASF SE, MLA Group Of Industries, TRECORA RESOURCES, Euroceras Sp. z o.o., Innospec, The Lubrizol Corporation, Synergy Additives, Kerax Limited, Micro Powders Inc., DEUREX AG, michelman inc., SQI Group, LION CHEMTECH CO.LTD., ceronas GmbH & Co.KG, ALTANA, Cosmic Petrochem Private Limited, Brenntag Pte. Ltd. and Qingdao Bouni Chemical Co. Ltd.
Competitive Analysis:
Global polyethylene wax market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyethylene wax market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
High amount of characteristics such as resistance to moisture and grease, easy molding capabilities resulting in enhanced end-products that utilize polyethylene wax is expected to act as a driver for the market growth
High growth of the end-users like packaging industry, printing industry subsequently resulting in the increased demand for the product is expected to act as a driver for the market growth
Market Restraints:
Growth in adoption of available substitutes to the product is expected to act as a restraint to the market growth
Vulnerable and fluctuating prices of crude oil resulting in variations of prices of ethylene that is used in the production of polyethylene wax is expected to act as a restraint to the market growth
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Segmentation: Global Polyethylene Wax Market
By Type
High Density Polyethylene Wax
Low Density Polyethylene Wax
Oxidized Polyethylene Wax
Micronized Polyethylene Wax
Others
Acid-Modified Polyethylene Wax
By Form
Pellets
Powders
Flakes
By Process
Polymerization
Modification
Thermal Cracking
By Application
Plastic Processing
Hot-Melt Adhesive
Ink & Coating Industry
Others
By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Key Developments in the Market:
In December 2016, Brenntag Pte. Ltd. announced that they had completed the acquisition of EPChem. With the completion of this acquisition Brenntag Pte. Ltd. enhanced their distribution capabilities for wax and wax additives in Asia-Pacific region.
In June 2016, TRECORA RESOURCES announced that they had initiated the production of specialty waxes and wax additives at the plant they acquired from BASF SE, situated in Texas, United States. With this step, the production capabilities of TRECORA have increased significantly resulting in enhanced revenue streams.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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Contact:
Data Bridge Market Research
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About Us:
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few.
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