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Strong growth in Polyethylene Wax Market exceeding 3% CAGR to 2024

Author : Rahul Varpe | Published Date : 2019-07-02 

Global Polyethylene Wax Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Asia Pacific region is expected to lead the PE wax market by 2024, with a massive share over 30%. Robust growth in the regional automotive sector, plastic industry and the infrastructural activities portray high growth potential for the product in the region in the coming years. Higher demand for PE wax is expected from China & India particularly for the candles usage in festive seasons.

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Polyethylene Wax Market is likely to surpass USD 370 million; as projected by a new research report. Global PE wax market is certain to be driven by the rising demand from coatings industry in the next 7 years. The coatings industry will cross USD 150 billion by 2024, with a strong potential for PE wax coating blend in furniture, textiles, wood products, plastic products, containerboards, metals, automotive and electronics.

Product blending with coating material results in improved chemical & thermal resistance, friction coefficient, thermal stability, electrical insulation, gloss and rheology. Robust growth in construction, automotive and electronics industries will propel the product demand over the forecast period.

Growing PE wax applications as a resin modifier, mold releasing agent, dispersant and slip agent in plastic processing will hold substantial potential for industry growth by 2024. Escalating growth trends in global plastic industry for the widespread applications will boost polyethylene wax market The product will also witness strong demand in formulation of printing inks for enhancing its gloss and friction coefficient.

Demand for printing inks in promotional catalogues, newspapers, brochures and banners will have positive influence on PE wax market by 2024. Also, modern packaging trends from several end-use industries including: pharmaceutical, food & beverage, electronic gadgets, textile, among others will also support the product growth.

Polyethylene Wax Market By Application

  • Candles
  • Packaging
  • Wood & firelogs
  • Plastic additives & lubricants
  • Rubber
  • Adhesive & coatings
  • Cosmetics
  • Others

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/polyethylene-wax-market

 

Polyethylene wax market will be subjected to pricing fluctuations of crude oil in the near future, as ethylene being a chief raw material. The market will witness significant threat of substitution by Fischer-Tropsch (FT) wax, with its rising usage in adhesives & printing inks.

PE wax in powder form had been most prominent in 2016 and will feature the similar trend with a market share over 40% by 2024. Powdered form of product tends to exhibit various unique characteristics such as: better viscosity modification, high scratch resistance, enhanced anti-sticking in the PVC melts, etc.

Plastic additives & lubricants segment had significant share in global PE wax market in 2016 and is expected to rise with gains over 3% CAGR by 2024. Polyethylene wax market will have a significant demand as a lubricant in PVC extrusion, in the future years. Product usage marks better molding complexity, abrasion & chemical resistance.

PE wax market exhibited trends of consolidation in 2016 since the key industry participants held above 50% share. Key manufacturers are: BASF SE, Honeywell International, Clariant AG, Synergy Additives, Innospec Inc, Arya Chem, Mitsui Chemicals, SCG Chemicals, WIWAX, Micro Powders, Lubrizol Corporation, Kerax Limited and Westlake Chemical.

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Partial Chapter of the Table of Content

 

Chapter 3. Polyethylene Wax Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.    Increasing product demand in PVC production

3.4.1.2.    Robust growth in coatings industry

3.4.1.3.    Elevating product demand from printing inks

3.4.2. Industry pitfalls & challenges

3.4.2.1.    Unstable raw material price trends

3.4.2.2.    Substitute threat from Fischer-Tropsch (FT)

3.5.  Regulatory trends

3.5.1.     U.S.

3.5.2.     Europe

3.5.3.     China

3.6.  Pricing analysis

3.6.1.     Cost structure analysis

3.6.2.     Pricing by form

3.6.3.     Pricing by region

3.7.  Innovation & sustainability

3.8.  Growth potential analysis

3.8.1.     Patent landscape

3.9.  Porter’s analysis

3.10.         Competitive landscape, 2016

3.10.1.   Strategy dashboard

3.11.     PESTEL analysis

Read more news @ https://www.marketwatch.com/press-release/polyethylene-wax-market-growth-analysis-forecast-report-2019-2024-2019-06-08

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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