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Global Polyethylene Wax Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Chemical and Materials
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Polyethylene Wax Market, By Type (Low Density Polyethylene Wax, High Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax, Others), Process (Polymerization Type, Modified Type, Thermally Cracking Type, Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes, Aqueous Wax Emulsions), Grade (Emulsifiable, Non-Emulsifiable), Production Process (High-Pressure Polymerization, Synthesis By The Ziegler-Natta Method, Thermal Degradation Process of Polyethylene, Oxidation of Synthetic Waxes, Walter-Reppe Synthesis, Metallocene Process, Others), Application (Plastic Processing, Hot-melt Adhesive, Ink and Coating, Others) – Industry Trends and Forecast to 2029.

Polyethylene Wax Market

Market Analysis and Size

The pharmaceutical and petroleum and the refining industry's significant presence are estimated to improve polyethylene wax usage rates over the forecasted period. Furthermore, significant expansion in the petroleum business worldwide is supporting the polyethylene wax industry's manufacturing side. Consequently, the market is estimated to grow significantly over the forecasted period.

Global Polyethylene Wax Market was valued at USD 1.15 billion in 2021 and is expected to reach USD 1.69 billion by 2029, registering a CAGR of 4.90% in 2022-2029. The polymerization type segment is anticipated to dominate the segment owing to its electrical insulation properties which have widened its application in various sectors. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Polyethylene wax (PE) is basically a sort of synthetic wax. It is a polyethylene with a high molecular weight made up of ethylene monomer chains. Polyethylene wax can be made using a variety of processes, including ethylene polymerization, due to features such as formulation flexibility, low melt viscosity, high heat resistance, thermal stability, and regulated molecular weight. Plastic additives and lubricants, rubber adhesives, candles, and cosmetics all employ polyethylene wax. It is also utilized in the application of printing inks and adhesives and coatings.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Low Density Polyethylene Wax, High Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax, Others), Process (Polymerization Type, Modified Type, Thermally Cracking Type, Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes, Aqueous Wax Emulsions), Grade (Emulsifiable, Non-Emulsifiable), Production Process (High-Pressure Polymerization, Synthesis By The Ziegler-Natta Method, Thermal Degradation Process of Polyethylene, Oxidation of Synthetic Waxes, Walter-Reppe Synthesis, Metallocene Process, Others), Application (Plastic Processing, Hot-melt Adhesive, Ink and Coating, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

BASF SE (Germany), ChemPoint (Israel), Clariant (Switzerland), Trecora Resources (U.S.), AVERY DENNISON CORPORATION (U.S.), Marcusoil (U.S.), Mitsui Chemicals, Inc., (Japan), 3M (U.S.), Sika AG (Switzerland),  CEM Corporation (U.S.0, Honeywell International Inc.,(U.S.), Westlake Corporation (U.S.),  Formosa Plastics Corporation (U.S.), Innospec (U.S.), Clariant (Switzerland) and Goyel Chemical Corporation (India)

Market Opportunities

  • Increasing awareness about good quality packaging for food 

  • Developments as well as improvements in polyethylene wax quality

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

  • High Demand Across Various Applications

The market is being driven by the increasing use of polyethylene wax in various applications such as plastic processing, hot-melt adhesive, ink and coating and others. Furthermore, the market is expected to be driven by rising demand for biocompatible, efficient organic compounds in plastic manufacturing, hot melt adhesive, and other industries over the forecast period.

The rapidly growing e-commerce industry, coupled with the increasing consumer spending will further propel the growth rate of polyethylene wax market. Additionally, the presence of well-established regulatory frameworks is projected to bolster the market's growth.

Opportunities

  • Awareness and Developments

Furthermore, various developments and improvements in polyethylene wax quality extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing awareness about good quality packaging for food will further expand the future growth of the polyethylene wax market.

Restraints/Challenges

  • Volatile Prices

The demand and supply dynamics of the polyethylene wax market are disrupted by fluctuating crude oil and petroleum prices. The volatility in raw material prices will create hindrances for the growth of the polyethylene wax market.

  • Limited Investments

Moreover, the limited investment in new product development is also expected to hamper growth of the global polyethylene wax market. Therefore, this factor will 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.

COVID-19 Impact on Polyethylene Wax Market

The recent outbreak of coronavirus had a negative impact on the polyethylene wax market, as the supply chain has been disrupted as a result of lockdowns and business closures. Despite the fact that the COVID-19 epidemic has slowed all business activity in the polyethylene wax market, producers are seeing increased demand from end-use industries such as packaging, pharmaceuticals, food and drinks, petroleum, and refining, which is providing new prospects. Manufacturers in the global market are benefiting from growing applications in coating, printing inks, and plastic processing. Market players' strategic approaches are assisting them in recouping losses caused by the pandemic. Because of their growing industrialization, countries like China and India have a large market share.

Recent Development

  • In June 2021, The world's first renewably-sourced polyethylene (PE) wax has been disclosed by Braskem, a Brazilian petrochemical corporation based in So Paulo. The substance is commonly used as a viscosity adjustment ingredient in coatings, cosmetics, adhesives, and other compounds. The most recent polyethylene wax has similar qualities and performs similarly to the fossil-based PE wax. The latest option, made from sugarcane ethanol, has a lower CO2 impact, can be used in various markets, and is recyclable.

Global Polyethylene Wax Market Scope

The polyethylene wax market is segmented on the basis of type, process, form, production process and application. 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

  • Low Density Polyethylene Wax

  • High Density Polyethylene Wax

  • Oxidized Polyethylene Wax

  • Micronized Polyethylene Wax

  • Others

Process

  • Polymerization Type

  • Modified Type

  • Thermally Cracking Type

  • Others

Form

  • Powder

  • Granules

  • Flakes

  • Pastilles

  • Micronized Waxes

  • Aqueous Wax Emulsions

Grade

  • Emulsifiable

  • Non-Emulsifiable

Production Process

  • High-Pressure Polymerization

  • Synthesis By The Ziegler-Natta Method

  • Thermal Degradation Process of Polyethylene

  • Oxidation of Synthetic Waxes

  • Walter-Reppe Synthesis

  • Metallocene Process

  • Others

Application

  • Plastic Processing

  • Hot-melt Adhesive

  • Ink and Coating

  • Others

Polyethylene Wax Market Regional Analysis/Insights

The polyethylene wax market is analyzed and market size insights and trends are provided by country, type, process, form, production process and application as referenced above.

The countries covered in the polyethylene wax market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the polyethylene wax market because of the high usage of the cosmetics and personal care products coupled with the increasing consumption of polyethylene wax as additives within the region.

On the other hand, Asia-Pacific is estimated to show lucrative growth due to the increasing demand for the organic cosmetics, which are majorly manufactured from the polyethylene wax within the region.

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)

  • ChemPoint (Israel)

  • Clariant (Switzerland)

  • Trecora Resources (U.S.)

  • AVERY DENNISON CORPORATION (U.S.)

  • Marcusoil (U.S.)

  • Mitsui Chemicals, Inc., (Japan)

  • 3M (U.S.)

  • Sika AG (Switzerland)

  • CEM Corporation (U.S.)

  • Honeywell International Inc., (U.S.)

  • Westlake Corporation (U.S.)

  • Formosa Plastics Corporation (U.S.)

  • Innospec (U.S.)

  • Clariant (Switzerland)

  • Goyel Chemical Corporation (India)

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Frequently Asked Questions

The Polyethylene Wax Market is expected to show a value of USD 1.69 billion by 2029.
The market is estimated to register a CAGR of 4.90% within the forecast period.
The factors such as increasing use of polyethylene wax in various applications such as plastic processing, hot-melt adhesive, ink and coating and others, the rapidly growing e-commerce industry coupled with the increasing consumer spending are the major drivers for the market.
The major players operating in the Polyethylene Wax Market are BASF SE (Germany), ChemPoint (Israel), Clariant (Switzerland), Trecora Resources (U.S.), AVERY DENNISON CORPORATION (U.S.), Marcusoil (U.S.), Mitsui Chemicals, Inc., (Japan), 3M (U.S.), Sika AG (Switzerland), CEM Corporation (U.S.0, Honeywell International Inc.,(U.S.), Westlake Corporation (U.S.), Formosa Plastics Corporation (U.S.), Innospec (U.S.), Clariant (Switzerland) and Goyel Chemical Corporation (India).

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