BASF SE, SCG Chemicals Co., Ltd. and Honeywell International, Inc. are Dominating the Global Polyethylene Wax Market in 2019

Global Polyethylene Wax Market is expected to grow with the CAGR of 4.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global polyethylene wax market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global polyethylene wax market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In April 2020, BASF SE had collaboration with FUCHS with the aim to manufacture more sustainable lubricant products. The collaboration helps in maximising the customer base of the company which generates revenue of the business. 

BASF SE is the dominating player in global polyethylene wax market. The other key players existing in the market includes Formosa Plastics Corporation, The Lubrizol Corporation, Honeywell International, Inc., SCG Chemicals Co., Ltd., Westlake Chemical Corporation, Mitsui Chemicals, Inc., Clariant, euroceras Sp. z o.o., COSCHEMCO. LTD, The International Group, Inc., Lion Chemtech Co., Ltd., DEUREX AG, SQI Group, ceronas GmbH & Co. KG, TRECORA RESOURCES, Innospec, WIWAX, BAKER HUGHES, a GE company LLC, Linvest GmbH and Qingdao Bouni Chemical Co., Ltd.      

BASF SE.

BASF SE. headquartered in Ludwigshafen, Germany is engaged in manufacturing of chemicals, plastic products and several other products to the individuals. The company offers various products such as automotive & transportation, agriculture, plastics & rubber, electronics & electric, construction, energy & resources, pharmaceuticals, textile, leather & footwear, furniture & wood, packaging & print, pulp & paper, home care and I&I cleaning, paints & coatings, personal care & hygiene, chemicals and nutrition and the market focused product is home care and I&I cleaning in polyethylene wax market.

For instance,

  • In January 2020, BASF SE started up new BASF production hub for the crop protection in Singapore. The expansion helps in increasing the production of the business which also generates income of the business.

The company has wide global presence across the globe such as Americas, Asia, Middle East and Africa and Europe.

SCG Chemicals Co., Ltd.

SCG Chemicals Co., Ltd founded in 1913 and is headquartered in Bangkok, Thailand. The company is engaged in manufacturing of wider range of high quality polymers. The company offers various products such as cement-building materials, chemicals, packaging among which chemicals is market focused segment.

For Instance,

  • In December 2018, SCG Chemicals Co. Ltd. entered into the partnership with DOW and SA Asset in order to innovate the recycled plastic road. The partnership helps in increasing the customer base of the company which generates revenue of the business.

The company has wide global presence in Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as SCG Cement-Building Materials Co.,Ltd. (Thailand), Thai Polypropylene Co., Ltd. (Thailand), SCG LEGAL COUNSEL LIMITED (Thailand), The Nawaplastic Industries (Saraburi) Co. Ltd. (Thailand), SCG Distribution (Thailand) among others.

 Honeywell International, Inc.

Honeywell International, Inc. founded in 1985 and is headquartered in New Jersey, U.S. The company is engaged in manufacturing of high quality of technologies mainly for electronic, energy, safety global urbanization and for several other areas. The company offers various products such as aerospace & defence, buildings and cities, chemicals & materials, industrial & manufacturing, retail, safety, sporting goods and supply chain  among which chemicals & materials is market focused segment.

For Instance,

  • In March 2020, Honeywell International Inc. expanded a new production line of aerospace manufacturing facility in order to produce N95 masks to remain safe in the coronavirus pandemic globally. The production helps in increasing the customer base of the company which generates revenue of the business.

The company has wide global presence in Africa, Asia-Pacific, Europe, South America, Middle East, and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Hand Held Products, Inc. (U.S.), Honeywell (China) Co., Ltd., Honeywell Aerospace de México, S. de R.L. de C.V. (Mexico), Honeywell ASCa Inc. (Canada), Honeywell Automation India Limited(India), Honeywell Aerospace Avionics Malaysia Sdn Bhd. (Malaysia), Honeywell Aerospace (U.K.), Honeywell Pte. Ltd. (Singapore), Honeywell Specialty Chemicals Seelze GmbH (Germany) among others.