Polyethylene Wax Market Research Report - Forecast till 2030

Polyethylene Wax Market Research Report: Information by Type (High-Density Polyethylene (HDPE) Wax, Oxidized Polyethylene Wax), by Process (Polymerization, Modification), by Application (Plastic Processing, Hot Melt Adhesive) - Forecast till 2030

ID: MRFR/CnM/3901-HCR | February 2023 | Region: Global | 138 Pages         

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Polyethylene Wax Market

The Polyethylene Wax Market is projected to reach USD 2.2 Billion by 2030, at a CAGR of 6.1% during the forecast period.

Segmentation
By Type High-Density Polyethylene (HDPE) Wax Oxidized Polyethylene Wax
By Process Polymerization Modification
By Application Plastic Processing Hot Melt Adhesive
Key Players
Companies Profiled   Honeywell International Inc. (U.S.)   Mitsui Chemicals   Clariant (Switzerland)   TRECORA RESOURCES (U.S.)   BASF SE (Germany)   SCG (Thailand)   Innospec (U.S.)   The Lubrizol Corporation (U.S.)   EUROCERAS (Poland)   and Westlake Chemical Corporation (U.S.) among others.
Drivers
Market Driving Forces    Its growing consumption in paints & coatings    and others are set to drive the market in the next couple of years.
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Polyethylene Wax Market Overview The Polyethylene Wax Market is projected to reach USD 2.2 Billion by 2030, at a CAGR of 6.1% during the forecast period. Polyethylene wax is polyethylene with a very low molecular weight made out of ethylene monomer chains. PE wax is another name for it. High-density polyethylene (HDPE) wax, low-density polyethylene (LDPE) wax, and oxidized polyethylene wax are the three forms of the chemical. Furthermore, thermal stability, biocompatibility, durability, and better performance are essential trends and aspects that are confidently influencing the market. As a result, they are used in a wide range of applications, including plastic processing, hot melt glue, ink & coating, and so on. Because of rising demand from the plastics segment, the polyethylene wax market is likely to develop over the forecast period. Due to rising consumption in countries such as China, India, and Japan, the Asia-Pacific region constitutes the largest market and is predicted to grow at the highest rate throughout the projection period. Growing demand for paints and coatings, among other factors, is expected to drive the market in the coming years. The modification segment is expected to increase at a high rate due to its wide range of applications in food packaging, textiles, and adhesives. Because of the endless production of high-density and low-density waxes, the polymerization sub-segment is the most widely used method in the market.

The Polyethylene Wax Market Share by Application:


 polyethylene <a href='https://www.marketresearchfuture.com/reports/carnauba-wax-market-1403'>wax market</a>


Product: MRFR analysis


Regional Analysis


The Polyethylene Wax Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to growing demand for the product in packaging, buildings & construction, woodworking, and others. The oxidized polyethylene wax segment holds the major portion and is anticipated to continue its dominance in the market due to increasing consumption of polyethylene wax in various processes such as polymerization, modification, thermal cracking, and other processes. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.


The North American region is growing significantly due to the growing demand for hot melt adhesives in automotive, construction, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the Polyethylene Wax Market during the forecast period. The growing consumption of magazines, catalogs, periodicals, directories in end-use applications has propelled the growth in countries such as the U.S., Canada, and Mexico to achieve a stunning growth in the market as they provide unique structural properties, and high standard performance to the product.


The European market has observed a steady growth in the last couple of years. It is projected that due to stringent rules and regulations implemented by the regional governments to use lightweight materials in end-use industries, the Polyethylene Wax Market is set to grow at a higher rate during the forecast period. These rules and regulations drive various applications such as packaging, chemical, oil & gas industries, and others. Moreover, it is estimated that the growing innovation and technological advancement of the products, is predicted to propel the market growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.


The Middle East & Africa region is estimated to witness a significant growth in the Polyethylene Wax Market due to the growing adoption of polyethylene wax in construction, automotive, and packaging industries. Moreover, Latin America is anticipated to witness a higher growth in the market due to increasing demand for polyethylene oxide products in the end-use industries.


Segmental Analysis:


The Polyethylene Wax Market is segmented into the Type, Process, and Application. On the basis of Type, the Polyethylene Wax Market is segregated into high-density polyethylene (HDPE) wax, low-density polyethylene (LDPE) wax, and oxidized polyethylene wax. The Polyethylene Wax Market by the process is sub-divided into polymerization, modification, and thermal cracking segments. The Polyethylene Wax Market by application is further categorized into plastic processing, hot-melt adhesive, ink & coating, and others.


Key Players:


Some of the prominent players operating in the Polyethylene Wax Market are Honeywell International Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), Clariant (Switzerland), TRECORA RESOURCES (U.S.), BASF SE (Germany), SCG (Thailand), Innospec (U.S.), The Lubrizol Corporation (U.S.), EUROCERAS (Poland), and Westlake Chemical Corporation (U.S.) among others.Recent Development


Mitsui Chemicals (Japan) has a strong position in the polyethylene wax market due to its varied product portfolios, strategically located R&D centers, continual adoption of various growth strategies, and technological developments for the development of new types of goods and technologies. A subsidiary of SK Capital Partners, LP, a private investment corporation focused on specialty materials, chemicals, and medicines have completed its previously announced acquisition of Baker Hughes' specialty polymers business. The company has been rebranded as NuCera Solutions as a result of the acquisition, indicating the company's history of innovation in the polyethylene wax and specialty polymers markets.

Geographical Analysis:


The Polyethylene Wax Market Report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience:



  • Polyethylene Wax Market manufacturers

  • Traders and Distributors of Polyethylene Wax market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 2.2 Billion
  CAGR   6.1% (2020-2030)
  Base Year   2021
  Forecast Period   2020 to 2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Process, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Honeywell International Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), Clariant (Switzerland), TRECORA RESOURCES (U.S.), BASF SE (Germany), SCG (Thailand), Innospec (U.S.), The Lubrizol Corporation (U.S.), EUROCERAS (Poland), and Westlake Chemical Corporation (U.S.) among others.
  Key Market Opportunities   The increasing demand for biocompatible, efficient organic compound in plastic processing, hot melt adhesive, and other sectors are projected to drive the market
  Key Market Drivers   Its growing consumption in paints & coatings, and others are set to drive the market in the next couple of years.


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Frequently Asked Questions (FAQ) :

The Polyethylene Wax Market is projected to reach USD 2.2 Billion by 2030, at a CAGR of 6.1% during the forecast period.

The forecast period for Polyethylene Wax market research report is 2020-2030.

Global Polyethylene Wax market is dominated by APAC region.

Honeywell International Inc. (U.S.), Mitsui Chemicals, Inc. (Japan), Clariant (Switzerland), TRECORA RESOURCES (U.S.), BASF SE (Germany), SCG (Thailand), Innospec (U.S.), The Lubrizol Corporation (U.S.), EUROCERAS (Poland), and Westlake Chemical Corporation (U.S.) among others.