openPR Logo
Press release

The next 10 years to see the Polyethylene Wax Market riding on new-fangled chemical compositions at a CAGR of 5%

The recent report on the global polyethylene wax market published by PMR offers a comprehensive analysis of the global market. The polyethylene wax market reached ~US$ 770 Mn in 2018. According to the research report, the polyethylene wax market is expected to grow at ~5% CAGR in terms of value over the forecast period. Rising demand for polyethylene wax in end-use industries such as paints & coatings, adhesives, printing ink, and candles along with its growing application in the construction industry are anticipated to fuel the growth of the polyethylene wax market during the forecast period.

Polyethylene wax has a relatively higher melting point, and it is used as an additive for hot melt adhesives, as a lubrication and processing aid for plastics, PVC, and rubber, and as a dry stir-in additive for ink, etc. Further, it is used in textile emulsion, as a wax portion in polish formulation, and a lubricant in PVC extrusion.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/24958

global polyethylene wax market 2019

According to the detailed study by PMR, the superior properties of polyethylene wax have contributed to its wide range of applications across the end-use industries including paints & coatings, hot-melt adhesives, inks, plastic additives, paper, polishes, textiles, wax blends, personal care products, and others which have positively impacted the growth of the polyethylene wax market. Additionally, high demand for polyethylene wax for food packaging industry is expected to boost the market growth throughout the forecast period.

Significant demand for polyethylene wax manufactured from the polymerization process is strengthening the growth of the polyethylene wax market over the forecast period. The market value of the global polyethylene wax market is estimated to be ~US$ 810 Mn by 2019 end, and is forecasted to reach ~US$ 1,300 Mn by the end of 2029.

East Asia Remains in the Vanguard

As a result of steady demand for polyethylene wax from the growing industrialization and rapidly expanding end-use industries, East Asia is expected to hold a noticeable market share of the global polyethylene wax market, in terms of both value and volume. Moreover, the Asia Pacific market's dominance is projected to remain constant over the forecast period, followed by Europe and South Asia, where the polyethylene wax market is expected to grow at a noteworthy rate.

Key manufacturers involved in the production of polyethylene wax are strongly focusing on expansion activities in order to generate more revenue, for instance Trecora Resources signed an agreement with SSI Chusei Inc. - a US base PE wax manufacturer, to acquire 100% stakes of the company, which is anticipated to raise the production capacity of polyethylene wax

To connect with our sales representative@ sales@persistencemarketresearch.com

Demand Bolstered by Multifarious Applications in Adhesives and Coatings

PMR found that polyethylene wax is suitably employed in the adhesives and coatings industry for a variety of applications. Polyethylene wax is a low molecular weight polyethylene polymer that is used for improving and enhancing the process parameters and properties of finished products in in the plastic industry. It is being used in several applications as a slip agent, resin modifier, mold release agent, processing aid for hot-melt adhesive composition, for improving physical appearance and thermal properties. It is also added to coatings and inks to resist adhesion, scratches, and increase smoothness.

Cost Effectiveness & High Productivity - Dual Drivers for PE Wax Demand

Cost effectiveness of polyethylene wax is a key factor boosting its demand over the years. The other options available in the market, such as Fischer-Tropsch wax and others, have much lower viscosity and higher prices as compared to polyethylene wax. Prominent companies have developed processes to produce polyethylene wax using paraffin bases as a replacement to petroleum ones, and the use of such alternative raw materials for oxidized polyethylene wax, has benefited manufacturers by overruling the price imbalance caused due to ethylene costs.

Polyethylene Wax Market: Competition Landscape

Some of the prominent market participants of the global polyethylene wax market operating at international and domestic levels are as follows:

BASF
Mitsui Chemicals America, Inc.
Clariant International
Honeywell International
Trecora Resources
EUROCERAS
Westlake Chemical Corporation
The Lubrizol Corporation
Qingdao Haihao Chemical Co.,Ltd
Yimei New Material Technology Co., Ltd
Darent Wax Co.Ltd
With a large number of market participants in the global polyethylene wax market, the competition among these players is intense. The market players are differentiated on the basis of tier structure ranging from Tier 1 to Tier 3. Some of the players such as BASF, Clariant AG, Honeywell International, along with other key players, are categorized under Tier 1 players of the global polyethylene wax market. To expand product offerings, market leaders are collaborating with other market players.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/24958

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The next 10 years to see the Polyethylene Wax Market riding on new-fangled chemical compositions at a CAGR of 5% here

News-ID: 2566531 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Asia

Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value. https://boomingfaucet.com/ Asia Private Equity Consulting E-mail:nolan@pandacuads.com In China,
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the