Europe Polyethylene Wax Market, By Type (Polymerization Type, Thermally Cracking Type, Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes, Aqueous Wax Emulsions), Raw Material (Ethylene, Low-Density Polyethylene, Polypropylene), Grade (Emulsifiable, Non-Emulsifiable), Production Process (High-Pressure Polymerization, Synthesis By The Zieglas-Natta method, Thermal Degradation Process of Polyethylene, Oxidation of Synthetic Waxes, Walter-Reppe Synthesis, Metallocene Process, Others) – Industry Trends and Forecast to 2029.
Europe Polyethylene Wax Market Analysis and Size
Over the last few years, the coatings business has experienced tremendous growth due to its expanding use in the building, construction, automotive industries. The ink and coatings market will continue to flourish in the future due to the waxes industry's preparedness for a seismic shift brought on by increased production rates, and the sector will experience a certain influx of demand, which will increase revenues over the course of the forecast period.
Europe polyethylene wax market was valued at USD 1,260.60 million in 2021 and is expected to reach USD 1792.70 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe Polyethylene Wax Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polymerization Type, Thermally Cracking Type, Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes, Aqueous Wax Emulsions), Raw Material (Ethylene, Low-Density Polyethylene, Polypropylene), Grade (Emulsifiable, Non-Emulsifiable), Production Process (High-Pressure Polymerization, Synthesis By The Zieglas-Natta method, Thermal Degradation Process of Polyethylene, Oxidation of Synthetic Waxes, Walter-Reppe Synthesis, Metallocene Process, Others)
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Countries Covered
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Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe
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Market Players Covered
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BASF SE (Germany), Innospec (U.S.), Clariant (Switzerland), Honeywell International (U.S.), Baker Hughes Company (U.S.), The Lubrizol Corporation (U.S.), Mitsui Chemicals, Inc. (Japan), TRECORA RESOURCES (U.S.), SCG (Thailand), euroceras Sp. z o.o. (Poland), Westlake Corporation (U.S.), WIWAX (Israel), Marcus Oil And Chemicals (U.S.), Hase Petroleum Wax Co. (U.S.)
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Market Opportunities
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Market Definition
Polyethylene wax is derived from ethylene through the process called polymerization and is widely used across the industrial sector. Due to its high crystalline nature, this material has unique features such as hardness at high temperatures and low solubility in a wide range of solvents. It finds its main application in blends, plastic additives and rubber manufacturing. An interesting feature of these materials is the ability to be heated and cooled without extensive degradation. It can also be used as dispersant, slip agent, resin additive and mold release agent.
Europe Polyethylene Wax Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising Ink and Coatings Business
The rising ink and coatings businesses across the globe and the increasing demands for polyethylene waxes within these industries due to their enhanced properties is driving the growth of the market. The properties includes superior matting effect, blocking and anti-blocking capabilities of polyethylene waxes, resistance to abrasion and corrosion and resistance to scratching and moisture-related effects. The major market players are expanding their manufacturing units to secure enhanced outcomes. The expansion of end use industries along with the rapid urbanization and industrialization will drive market value growth.
Opportunities
- Technological Advancements and Developments
The latest technological innovation and developments in polyethylene waxes will further expand the market's future growth. The rising demands of the polyethylene waxes due to the rising benefits has been a vital factor boosting the growth of the market. Paints and coating industries make use of polyethylene waxes due to the good quantity of water repellency. Moreover, they allow anti-settling capabilities and anti-abrasive qualities. The significant rising investments within the research and development sector will also create growth opportunities for the market over the forecasted.
Restraints/Challenges
- Stringent Approval Process
The wax manufacturers must enhance their manufacturing and production processes per the regulatory policies imposed by various governments. These stringent policies will create hindrances for the growth of the polyethylene wax market.
- Fluctuations in Raw Material Prices
The inconsistent raw material prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose as a major challenge the polyethylene wax market growth rate.
This polyethylene wax market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyethylene wax market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Europe Polyethylene Wax Market
In 2020, many countries faced strict lockdowns due to the covid-19 pandemic. These lockdowns have resulted in the partial or complete shutdown of manufacturing facilities. The shutdown of manufacturing facilities had a major impact on the consumption of materials. However, with the ease of lockdown manufacturing sector is expected to return to its normal growth. The technology used in the polyethylene wax market is proprietary and needs long-term research and development planning to be implemented efficiently. The market will expand due to continued supply and demand chains and manufacturing activities during the post-covid era.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Europe Polyethylene Wax Market Scope
The polyethylene wax market is segmented on the basis of type, form, raw material, grade, and production process. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polymerization Type
- Thermally Cracking Type
- Others
Form
- Powder
- Granules
- Flakes
- Pastilles
- Micronized Waxes
- Aqueous Wax Emulsions
Raw Material
- Ethylene
- Low-Density Polyethylene
- Polypropylene
Grade
- Emulsifiable
- Non-Emulsifiable
Production Process
- High-Pressure Polymerization
- Synthesis By The Zieglas-Natta method
- Thermal Degradation Process of Polyethylene
- Oxidation of Synthetic Waxes
- Walter-Reppe Synthesis
- Metallocene Process
- Others
Polyethylene Wax Market Regional Analysis/Insights
The polyethylene wax market is analyzed and market size insights and trends are provided by type, form, raw material, grade, and production process as referenced above.
The countries covered in the polyethylene wax market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing demand for polyethylene waxes in the ink industry and high product demands due to the region's enhanced properties.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyethylene Wax Market Share Analysis
The polyethylene wax market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyethylene wax market.
Some of the major players operating in the polyethylene wax market are
- BASF SE (Germany)
- Innospec (U.S.)
- Clariant (Switzerland)
- Honeywell International (U.S.)
- Baker Hughes Company (U.S.)
- The Lubrizol Corporation (U.S.)
- Mitsui Chemicals, Inc. (Japan)
- TRECORA RESOURCES (U.S.)
- SCG (Thailand)
- euroceras Sp. z o.o. (Poland)
- Westlake Corporation (U.S.)
- WIWAX (Israel)
- Marcus Oil And Chemicals (U.S.)
- Hase Petroleum Wax Co. (U.S.)
Research Methodology: Europe Polyethylene Wax Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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