Polyethylene Wax Market to See 3% CAGR Growth to 2024: Growth Factor & Trends

MarketStudyReport.com adds a new Polyethylene Wax Market research report that provides a detailed market overview as well as industry analysis for / of companies, manufacturers and distributors covering data on gross margin, cost structure, consumption value, sale price and more.

The rapidly growing coating and printing inks sectors are essentially the prominent driving factors of polyethylene wax industry. Polyethylene wax is massively used in coatings to enhance electrical insulation, thermal stability, surface nature, friction stability, and heat and chemical resistance. The surging use of coatings in automotive, electronics, plastic products, furniture, wood, metal products is likely to stimulate polyethylene wax industry share over the years ahead. In addition, polyethylene wax is also used in the printing inks formulation process to improve its surface texture and friction coefficient. The escalating use of printing inks for various commercial applications such as brochures, newspaper, and promotional catalog printings will thus fuel polyethylene wax market share over 2016-2024.

Polyethylene Wax Market size is expected to cross a revenue of more than USD 370 million by the end of 2024.

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Polyethylene wax finds tremendous applications in PVC manufacturing to improve the chemical resistance, molding complexity, abrasion and heat resistance properties of PVC. In fact, powdery polyethylene wax is primarily used in PVC melts, owing to its anti-sticking characteristics. Powder PE will be the dominant market in the form-based polyethylene wax industry by 2024, pertaining to its surging usage in hot melt adhesives for maintaining high viscosity and improving scratch resistance capability.

In 2016, plastic additives and lubricants covered major share of polyethylene wax industry and is poised to witness significant growth rate over the years ahead. The escalating use of PE wax in plastic processing industry as a resin modifier, slip agent, dispersant, and mold release agent will boost the product demand noticeably over 2016-2024. In addition, increasing usage of plastics in electronics and automotive sectors is slated influence polyethylene wax market trends positively. Another lucrative application segment of PE wax industry is candles, which accounted for 20% of the overall share in 2016 and will collect considerable revenue over 2016-2024, owing to its huge demand across China and India.

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Considering the regional landscape, in 2016, Asia Pacific accounted for 30% of the overall polyethylene wax market share. Growing investments in the automotive and construction sector in tandem with the improved lifestyles across this region will augment product demand over the years ahead. India, China, and Japan will be the major revenue pockets. The U.S. has been forecast to be a major growth ground for North America polyethylene wax industry share, owing to the increasing spending on construction activities. In 2016, North America covered 20% of the global polyethylene wax market share.

Notable players in polyethylene wax market include Mitsui Chemicals, Honeywell International, Arya Chem, Lubrizol Corporation, Kerax Limited, Clariant AG, SCG Chemicals, BASF SE, WIWAX, Innospec Inc., Micro Powders Inc., Westlake Chemical Corporation, and Synergy Additives.

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Global Micronized Polyethylene Wax Market Research Report 2018
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