Oxidized polyethylene wax is a product produced from oxidation of polyethylene creating a product that has a significantly low molecular weight. Oxidation of polyethylene wax involves utilization of additional monobasic/polybasic inorganic acids or monobasic/polybasic carboxylic acid providing low melt viscosity waxes with a light color.
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The main factors behind the growth of the market are:
The market is segmented on the basis of product as high density polyethylene wax, low density polyethylene wax; application as hot melt adhesive, plastics, coatings, printing inks, rubber processing, lubricants, paper industry, others.
Some of the key market developments are as follows:
“According to Data Bridge Market Research, global oxidized polyethylene wax market is expected to be growing at a substantial CAGR of 10.0% during the forecast period of 2019 to 2026”
Some of the major players operating in the market are Honeywell International Inc., Westlake Chemical Corporation, Baker Hughes, BASF SE, Clariant, Euroceras, MITSUI CHEMICALS AMERICA, INC., Hase Petroleum Wax Co., EC21 Inc., SpecialChem, Palmer Holland, First Source Worldwide, UPICHEM.COM, CALWAX, The International Group Inc., TRECORA RESOURCES, DEUREX AG, WIWAX, Paramelt, Synergy Additives, Brenntag Pte. Ltd. among others.
One of the most fortunate options available with market players/manufacturers of oxidized polyethylene wax is the significant rise in the demands for its associated products. Many end-users and applicable industries are focusing on the adoption of oxidized polyethylene wax based products due to a number of benefits and characteristics that they provide to the products they are added to. They reduce the need for adhesives, enhance the softening point, while maintaining a stable structure and heat stability.
Global Oxidized Polyethylene Wax Market – Industry Trends and Forecast to 2028