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Middle East and Africa Polyethylene Wax Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Middle East and Africa Polyethylene Wax Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa Polyethylene Wax Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 61.66 USD million
Diagram Market Size (Forecast Year) USD 85.86 USD million
Diagram CAGR %

Major Markets Players

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Middle East and Africa Polyethylene Wax Market, By Type (Polymerization Type, Modified Type, Thermally Cracking Type, and Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes, and Aqueous Wax Emulsions), Raw Material (Ethylene, Low-Density Polyethylene and Polypropylene), Grade (Emulsifiable and 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, and Others) – Industry Trends and Forecast to 2030.

Middle East and Africa Polyethylene Wax Market

Middle East and Africa Polyethylene Wax Market Analysis and Size  

The rising usage of PE wax helps improve the quality of varied materials such as petroleum wax blends, plastic additives, and rubber processing. Moreover, it provides consistent coloration with high color strength. Polyethylene wax helps enhance the process reliability and reduces the cost through less downtime. The growing use of polyethylene wax as a smoothing agent in textiles also fuels the polyethylene wax market.

Data Bridge Market Research analyses that the Middle East and Africa polyethylene wax market, which was USD 61.66 million in 2022, would rocket up to USD 85.86 million by 2030 and is expected to undergo a CAGR of 4% during the forecast period.

"Polymerization Type" dominates the type segment of the Middle East and Africa polyethylene wax market owing to the increased usage of polyethylene wax as a smoothing agent in textiles.

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.

Middle East and Africa Polyethylene Wax Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Tons, and Pricing in USD

Segments Covered

By Type (Polymerization Type, Modified Type, Thermally Cracking Type, and Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes, and Aqueous Wax Emulsions), Raw Material (Ethylene, Low-Density Polyethylene, and Polypropylene), Grade (Emulsifiable and 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, and Others)

Countries Covered

U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and Rest of Middle East and Africa

Market Players Covered

BASF SE (Germany), Honeywell International, Inc. (U.S.), Baker Hughes (U.S.), a GE company LLC (U.S.), Clariant (Switzerland), euroceras Sp. z o.o. (Poland), and Lion Chemtech Co., Ltd. (South Korea), among others.

Market Opportunity

  • The application of synthetic wax for the improvement of foamed bitumen parameters.

Market Definition

Optically clear adhesive is the bonding technology widely used to bind display devices, touch panels, and cover lens or other optic materials such as sensors. Optically clear adhesives are transparent or colorless substances that allow the entire surface area of a screen of the device to bond properly without any distortion.

Middle East and Africa Polyethylene Wax Market Dynamics

Drivers

  • Increased usage of polyethylene wax in packaging

The excellent features of PE wax help improve the quality of varied materials such as petroleum wax blends, plastic additives, rubber processing, and various other blends. Hence, the usage of PE wax has increased tremendously, and it has been seen that the most common application found for PE wax is in food packaging applications.

  • Increased usage of polyethylene wax as a smoothing agent in textiles

Polyethylene acts as a lubricating agent, providing suppleness and softness to the applied fabric, which is very fast compared to continuous launderings. In the finishing bath of resin, 15 to 20 kg/liter of polyethylene wax emulsion can be used. The emulsion is also used as a finishing agent for whom the fabric may be padded between diluted emulsions at a suitable concentration, and the percent required in emulsion should be 1%-5% of polyethylene wax on the fabric. After this, the pad liquor should be easily made by diluting the polyethylene emulsion for the required volume.

  • Increasing usage of PE wax in masterbatches

The usage of polyethylene wax has been increased in the formulation of masterbatches. It provides consistent coloration with high color strength. Polyethylene wax helps enhance the process reliability and reduces the cost through less downtime. It also increases the flow ability of the high masterbatches. Polyethylene wax helps in preventing the cracking of fiber at the time of spinning.

Opportunity

  • Applications of synthetic wax for improvement of foamed bitumen parameters

Polyethylene wax shows this effect for some bitumen. The bitumen was modified with a synthetic wax to acknowledge the broader range of applications, resulting in favorable foaming parameters with perfect foam dispersion and fine coatings. The penetration, softening point, penetration index, and range of plasticity are improved due to this enhancing quality of the synthetic wax upon some foamed bitumen parameters. The addition of synthetic wax changed the bitumen grade, contributing to pavement layer improvements. It also expanded the plasticity range of the foamed bitumen.

Restraint/Challenge

  • Swallowing of wax can create a choking hazard

Wax is a greasy and oily solid that melts on heating. When this material is swallowed in large amounts, it becomes poisonous to the body. Wax poisoning is caused due to mixture of different polyolefins such as polyesters, acrylics, polyacetals, and others. Generally, waxes are non-toxic substances but intake of much quantity of wax may cause harm. The addition of synthetic chemicals and colors makes the wax toxic.

This Middle East and Africa Polyethylene Wax Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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, for more info on the polyethylene wax market contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed decision to achieve market growth.

Recent Development

  • In June 2021, DOW, a leading manufacturer of rapid curing materials and services, announced a plan to build the world's first net-zero carbon emission ethylene and derivatives complex. It will be a driver in the polyethylene wax market from the environmental point of view

  • In August 2020, Clariant signed an agreement with Jianping Cimco Mining Co. Ltd, China, to acquire Clay Industrial Minerals Co Ltd. This transaction will secure longer-term access to clay and strengthen the functional mineral's foothold and the company's position in the Chinese market.

Middle East and Africa Polyethylene Wax Market Scope

The Middle East and Africa polyethylene wax market is segmented based on type, form, raw material, grade, and production process. The growth amongst these segments will help you analyze meager industry growth segments. It will also provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.

Type

  • Polymerization Type
  • Modified 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 Ziegler-Natta Method
  • Thermal Degradation Process Of Polyethylene
  • Oxidation Of Synthetic Waxes
  • Walter-Reppe Synthesis
  • Metallocene Process
  • Others

Middle East and Africa Polyethylene Wax Market Regional Analysis/Insights

The Middle East and Africa polyethylene wax market is analyzed, and market size insights and trends are provided by country, type, production process, grade, form, and raw material, as referenced above.

The countries covered in the Middle East and Africa polyethylene wax market report are U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and rest of Middle East and Africa.

U.A.E. dominates the Middle East and Africa polyethylene wax market because of the growing demand for consumer electronics and increased application in smartphones and tablets.   

Saudi Arabia is expected to grow significantly from 2023 to 2030 due to the growing automotive industry and shift towards optically clear adhesives.

The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technological trends Porter's five forces analysis, and case studies are some 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Middle East and Africa Polyethylene Wax Market Growth and New Technology Penetration

The polyethylene wax market also provides you with detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the polyethylene wax market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the optically clear adhesive market. The data is available for the historic period 2010-2020.

Competitive Landscape and Middle East and Africa Polyethylene Wax Market Share Analysis

The polyethylene wax market competitive landscape provides details of competitors. 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, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the polyethylene wax market are:

  •  BASF SE (Germany)
  • Honeywell International, Inc. (U.S.)
  • Baker Hughes (U.S.)
  • a GE company LLC (U.S.)
  • Clariant (Switzerland)
  • euroceras Sp. z o.o. (Poland)
  • Lion Chemtech Co., Ltd. (South Korea)


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FREQUENTLY ASK QUESTIONS

The Middle East and Africa Polyethylene Wax Market is known to be worth USD 85.86 million by 2030.
The Growth Rate of the Middle East and Africa Polyethylene Wax Market is 4% by 2030.
The rising usage of PE wax helps improve the quality of varied materials such as petroleum wax blends, plastic additives, and rubber processing and has created a significant demand for the Middle East and Africa Polyethylene Wax Market.
The major companies in the polyethylene wax market are BASF SE, Honeywell International, Inc., Baker Hughes, a GE company LLC, Clariant, etc
Type, form, raw material, grade, and production process are the factors on which Middle East and Africa Polyethylene Wax Market research is based on.
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