Rising application of Polyethylene Wax (PE) in ink and coating industry owing to improved properties such as high melting point, anti-blocking, abrasion resistant, and waterproof has driven the market. Use of polyethylene wax as lubricant in PVC production and rising demand of PVC in the construction sector is another segment expected to fuel the polyethylene wax market. Moreover, growing end-use industries such as plastics, rubbers, inks & coating, adhesives, masterbatches, and others will further propel the product demand. Enhanced properties of polyethylene wax have widened its application as mold release agent, resin modifiers, slip agents & others in end-use industries.
As per the new market study added by Value Market Research, the Global Polyethylene (PE) Wax Market was valued USD 1,785.5 MN (by revenue) in 2017 and is anticipated to reach USD 3,065.3 MN by 2024 with a CAGR of 8.10%. By volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
HIGH DENSITY POLYMERIZED PE WAX LED THE PRODUCT SEGMENT
High density polymerized PE wax is anticipated to reach at USD XX.X MN by the end of 2024. High density polymerized PE wax has dominated the product segment owing to their excellent properties such as chemical & color resistant, low viscosity & better hardness & compatibility thereby, raising their demand. The key application of high density polymerized PE wax as lubricant in plastics (PVC) processing and in the textile industry is driving the market growth.
POLYMERIZATION TO GAIN MAJOR MARKET BY TECHNOLOGY
Polymerization technology is estimated to reach at USD XX.X MN by the end of 2024. Polymerization technology has dominated the segment owing to rising demand of PE wax especially high-density polyethylene wax in wood plastic composition and in paint & ink industry as a dispersant to impart glossy appearance.
MASTERBATCHES LED THE APPLICATION SEGMENT
Masterbatches sector is forecasted to reach at USD XX.X MN by the end of 2024. Masterbatches dominated the application segment owing to rising plastic consumption globally. Also, masterbatches act as plastic additive in the plastic industry to improve product performance; this will foster its application in plastic processing.
ASIA PACIFIC TO GAIN HIGHEST REGIONAL SHARE
Asia Pacific is presumed to reach USD XX.X MN by the end of 2024. Asia Pacific dominated the segment geographically, especially China owing to the high regional presence of end-user industry such as inks, coating, packaging, and others. Moreover, improving the standard of living with increasing expenditure power of the population in China & India is expected to augment the regional market in following years.
KEY PLAYERS OF THE POLYETHYLENE MARKET
Major market players are Baker Hughes, BASF, Clariant, EPChem International Pte Ltd, Hase Petroleum Wax Co., Honeywell International Inc, Innospec Inc., Marcus Oil & Chemicals Private Ltd, Mitsui Chemicals, Nanjing Tianshi New Material Technologies Co. Ltd, S. Kato & Co, Sanyo Chemical Industries, SCG Chemicals, Synergy Additives and Trecora Chemical.
As per this study, the Global Polyethylene (PE) Wax market was valued USD 1.84 MN (by revenue) in 2021 and is anticipated to reach USD 3.6 MN by 2028 with a CAGR of 10.1%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Polyethylene is known as a thermoplastic polymer which offers variable crystalline structure and an extremely large range of applications depending on the particular type. Commonly, polyethylene wax is categorized into one of several major compounds of which the most common include LDPE, LLDPE, HDPE, and ultrahigh molecular weight polypropylene. Other variants include medium density polyethylene (MDPE), ultra-low-molecular-weight polyethylene (ULMWPE or PE-WAX), and others.
Market Dynamics
The market of PE wax is mainly growing on the account of growing product demand for polyvinyl chloride (PVC) production. Also, rising demand for polyethylene wax from the coatings and printing inks industries will augment the growth of the global polyethylene wax market during the forecast period. On the other hand, fluctuating prices of crude oil will negatively impact the overall polyethylene wax market as ethylene, the raw material for polyethylene wax, is derived from crude oil.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polyethylene (PE) wax.
Market Segmentation
The broad polyethylene (PE) wax market has been sub-grouped into product, technology and applications. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- High Density Polymerized PE Wax
- Low Density Polymerized PE Wax
- Oxidized PE Wax
- Acid-Modified PE Wax
- Low-Density Cracked PE Wax
- Others
By Technology
- Polymerization
- Modification
- Thermal Cracking
By Application
- Printing Inks
- Adhesives
- Masterbatches
- Plastics
- Rubber
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for polyethylene (PE) wax in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Polyethylene (PE) Wax Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the polyethylene (PE) wax market includes Baker Hughes, BASF, Clariant, EPChem International Pte Ltd, Hase Petroleum Wax Co., Honeywell International Inc, Innospec Inc., Marcus Oil & Chemicals Private Ltd, Mitsui Chemicals, Nanjing Tianshi New Material Technologies Co. Ltd, S. Kato & Co, Sanyo Chemical Industries, SCG Chemicals, Synergy Additives, and Trecora Chemical. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
