Global Polyethylene Wax Market: Overview
The global polyethylene wax market is all set to register high growth trajectory during the forecast period of 2019 to 2029. This growth is attributed to gamut of factors. One of the key factors driving the market growth is increased use of polyethylene wax in various end-use applications such as hot-melt adhesive, plastic processing, ink and coating, and others. The global polyethylene wax market is expected to experience remarkable demand avenues from various sectors such as coatings and printing inks in the years ahead.
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Polyethylene wax is a synthetic wax manufactured by using ethylene polymerization process. It is white colored polymer with nontoxic and hard nature. The segmentation of the global polyethylene wax market is performed on the basis of process, application, type, and region. Based on process, the market for polyethylene wax is classified into thermal cracking, modification, polymerization, and others.
Global Polyethylene Wax Market: Growth Dynamics
The global polyethylene wax market is growing on the back of plethora of reasons. Growing use of polyethylene wax as a modifier in hot-melt adhesives and as a lubricant for PVC processing is working as a big positive for market growth. Apart from this, polyethylene wax is widely used as an additive in the water-based emulsion. The main purpose behind using polyethylene wax is to improve rub, slip, and scratch resistance. Owing to all these applications, the global polyethylene wax market is witnessing stupendous demand opportunities from diverse industries from all across the world.
In recent period, the global polyethylene wax market is experiencing remarkable sales avenues for oxidized polyethylene wax. One of the key reasons supporting this scenario is increased use of this wax in various applications including dispersing agents for polar masterbatches and processing aids in gamut of industries. This scenario shows that the market for polyethylene wax will grow at rapid pace during the forthcoming year.
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Global Polyethylene Wax Market: Notable Development and Competitive Analysis
The polyethylene wax market is fairly fragmented in nature. Presence of various active players signifies that the competitive landscape of the market for polyethylene wax is highly intense. To deal with this high competition, players are executing various strategies such as mergers, acquisitions, joint ventures, and product launches.
Major enterprises working in the global polyethylene wax market are growing investments in research and development activities. The main motive of this move is to improve the product quality. This aside, several players in the market for polyethylene wax are focused on growing their regional presence. All these moves connote that the global polyethylene wax market will grow at rapid pace during the forecast period of 2019 to 2029.
The list of important players in the global polyethylene wax market includes:
- Clariant International
- Honeywell International
- Trecora Resources
- Mitsui Chemicals
Global Polyethylene Wax Market: Regional Assessment
The global polyethylene wax market is spread across five key regions, namely, North America, South America, Europe, Asia Pacific, and Middle East and Africa. Among the important regions, Asia Pacific is one of the prominent regions in the market for polyethylene wax. Key reason for this growth is increased industrialization and growing polyethylene supplies from various countries of Asia Pacific including China and India.
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