Global Polyethylene Wax Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global polyethylene wax market will account to an estimated USD 1.15 billion in 2018 growing at a CAGR of 3.95% during the forecast period of 2019 to 2026.

Polyethylene Wax Market 

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Global Polyethylene Wax Market:

It can be defined as an odorless wax, whose characteristics are dependent on their production process and ingredients. This category of wax has an enhanced level of melting point which makes it ideal for use in a number of applications; this is one of the factors increasing the demand from various end-users. It is majorly utilized as a binding agent, shiner or a lubricant.

Segmentation: Global Polyethylene Wax Market

Global polyethylene wax market is segmented on the basis of type, form, process, application and geography. By Type (High Density Polyethylene Wax, Low Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax, Others), Form (Pellets, Powders, Flakes), Process (Polymerization, Modification, Thermal Cracking), Application (Plastic Processing, Hot-Melt Adhesive, Ink & Coating Industry, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN POLYETHYLENE WAX MARKET Expansion and acquisition strategies adopted by major manufacturers

  • In December 2016, Brenntag Pte. Ltd. announced that they had completed the acquisition of EPChem. With the completion of this acquisition Brenntag Pte. Ltd. enhanced their distribution capabilities for wax and wax additives in Asia-Pacific region.
  • In June 2016, TRECORA RESOURCES announced that they had initiated the production of specialty waxes and wax additives at the plant they acquired from BASF SE, situated in Texas, United States. With this step, the production capabilities of TRECORA have increased significantly resulting in enhanced revenue streams.

Key Market Competitors:

Few of the major competitors currently working in the polyethylene wax market are WIWAX, The International Group Inc., SCG Chemicals Co. Ltd., Mitsui Chemicals Inc., Honeywell International Inc., Westlake Chemical Corporation, Clariant, BASF SE, MLA Group Of Industries, TRECORA RESOURCES, Euroceras Sp. z o.o., Innospec, The Lubrizol Corporation, Synergy Additives, Kerax Limited, Micro Powders Inc., DEUREX AG, michelman inc., SQI Group, LION CHEMTECH CO.LTD., ceronas GmbH & Co.KG, ALTANA, Cosmic Petrochem Private Limited, Brenntag Pte. Ltd. and Qingdao Bouni Chemical Co. Ltd.

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