The International Group, Inc., Westlake Chemical Corporation and Innospec are Dominating the North America Polyethylene Wax Market in 2019

North America Polyethylene Wax Market is expected to grow with the CAGR of 3.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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North America 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 the favourable market scenario.

The major players dealing in the North America polyethylene wax market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio.

For instance, in April 2020, BASF SE has done 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.

The International Group, Inc. is the dominating player in North America polyethylene wax market. The other key players existing in the market includes, Honeywell International, SCG, Westlake Chemical Corporation, BASF SE, TRECORA RESOURCES, Innospec, Baker Hughes, a GE company LLC , Formosa Plastics Corporation, Mitsui Chemicals, Inc., Clariant, euroceras Sp. z o.o., The International Group, Inc. and Lion Chemtech Co., Ltd.

North America Polyethylene Wax MarketThe International Group, Inc.

The International Group, Inc. was founded in 1943 and is headquartered in Toronto, Canada. The company focuses on producing paraffin and microcrystalline wax from its internally sourced materials. The company offers various products such as paraffin wax, microcrystalline wax, petrolatum, polyethylene waxes, synthetic waxes, non-petroleum waxes, water based emulsions, petroleum wax types and the market focused product is polyethylene waxes in polyethylene wax market.

The company has a wide presence across in the U.S., Canada. Company also earns the revenue from the subsidiary which is International Waxes, Inc. (U.S.).

Westlake Chemical Corporation

Westlake Chemical Corporation founded in 1986 and is headquartered in Texas, U.S. The company manufactures various polymer products that are used in food packaging and PVC pipes which help in enhancing the standard of living. Company is engaged in various business segments which are vinyls, olefins out of which our business segment is olefins. The company offers various products such as olefins, vinyls, polyethylene among which polyethylene is market focused segment.

For instance,

  • In June 2018, Westlake Chemical Corporation formed by Axiall Corporation and Lotte Chemical Corporation held a ground breaking ceremony at its Calcasieu Parish. The decision has been made for the final investments for the construction of ethane cracker facility which will be producing 1 million tons of ethylene per year. It will help the company to increase its production capacity to meet the growing demand in the market.

The company has a wide presence in Asia, Europe, and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as NAPCO Pipe & Fittings (China), Suzhou Huasu Plastics (China), Vinnolit GmbH (Germany), Westech Building Products (U.S.) and Westlake Chemical (Asia) Rep. Office (Singapore) among others.

Innospec

Innospec founded in 1938 and is headquartered in Colorado, U.S. The company is engaged in manufacturing specialty chemicals from the oilfield to fuels, refineries and power stations to personal care. Company have business segments which are fuel specialties, performance chemicals, oilfield services and octane additives out of which fuel specialties focused business segment. The company offers various products such as fuel specialties, performance chemicals, oilfield services and octane additives among which fuel specialties is market focused segment.

For instance,

  • In January 2019, Innospec had done an expansion by technologically developing the performance chemicals by consolidating with the European facilities. The expansion helps in generating the revenue of the business.

The company has a wide presence in Americas, Europe, Asia-Pacific and South Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as AK Chemie GmbH (Germany), Alcor Chemie Vertriebs GmbH (Switzerland), Innospec Developments Limited (U.K.), Innospec Fuel Specialties LLC (U.S.), Innospec Limited (U.K.) among others.