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Polyethylene Wax Market Report

RA00302

Polyethylene Wax Market, by Product (High-Density Polymerized PE Wax, Low-Density Polymerized PE Wax, Acid-Modified PE Wax, Oxidized PE Wax, Low-Density Cracked PE Wax, Others), Application (Printing Inks, Masterbatches, Adhesives, Rubber, Plastics, Rubber, Others), Technology (Thermal Cracking, Modification, Polymerization), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2027

RA00302

Pages: NA

Jun 2020

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Impact of covid-19 on Polyethylene Wax Market

Polyethylene wax is prepared by ethylene polymerization which is obtained from crude oil. The polymerization in the manufacturing process is significant because physical properties get affected by the level of polymerization. Polyethylene wax is utilized in lubricants, candles, plastic additives, adhesives, coating, and cosmetics. Properties of polyethylene wax are low solubility, heat resistance, and chemical resistance.

Polyethylene Wax Market Analysis:    

Polyethylene wax is a white hard material and is nontoxic. Polyethylene waxes are available as powder, flakes, and pellets. Polyethylene wax Application of polyethylene is found in industries such as textile, food processing, and packaging, pharmaceuticals, oil and gas, paints and varnishes, cosmetics, leather, paper, printing ink, and coating. Based on their molecular weights, they can be classified as emulsified and non-emulsified waxes.

Demand from printing, construction, and plastic industries is the major driving factor for the polyethylene wax market.

The demand from polyvinyl chloride production is a significant stimulus for the polyethylene wax market globally. Polyethylene wax is a lubricant in polyvinyl chloride with abrasion resistance and molding complexity characteristics. The PVC market is expected to grow exponentially in the forecasted period due to an exponential hike in construction business, causing a rise in demand for polyethylene wax. Other driving factors are its application in the plastic industry as a dispersant, mold release agent, resin modifier, and slip agent. The printing industry uses polyethylene waxes in lithographic printing, silk screen gravure, letterpress, and flexography. The wax provides a gloss and durability to the inks due to which printing inks demand is enhanced in the packing and labeling industry, which is a driving factor for the growth of the polyethylene wax market.

The Volatility of crude prices is a potential restraint for the growth of the polyethylene wax market.

The availability of gas to liquid wax as an alternative for polyethylene wax with multiple applications may hamper the growth of the market. Increased raw materials costs for production are a major restraint for the manufacturers of the polyethylene wax market. Volatility in crude oil prices, limited investments by players in new product development are the hindrances for the growth of the market.

Demand for polyethylene wax in plastic processing and hot melt adhesives is a lucrative opportunity.

Growth opportunities for polyethylene wax are due to its extensive usage in hot melt adhesives and plastic processing. Alongside utility in multi-segment, the development of new variants are the existing opportunities for the investors in the global polyethylene market.

Polyethylene Wax Market, by Product:

High density Polymerized product is expected to show lucrative growth in the forecasted period.

In the year 2018, the high-density polymerized product is dominating the market with the highest revenue generation. It is the most preferred product type due to its tensile strength and density. Properties such as low melt viscosity and compatibility with lubricants, plasticizers, and stabilizers enhanced its application in the manufacturing sector. By high-density polymerization, LDPE and HDPE are produced, which have applications in hot melt adhesives, polyvinyl chloride processing lubricant, and water-based emulsion additives that enhance scratch resistance and friction. The oxidized product segment is expected to show significant growth in the forecasted period. This demand is anticipated mostly in the Asia Pacific region due to aggressive industrialization and focus on R&D efforts. The oxidized product segment is utilized in plastics, lubricants, shoes, leather, masterbatch industries, inks, and coating.

Polyethylene Wax Market, by Application:

Masterbatches are anticipated to show excelled growth in the forecasted period.

Masterbatches segment has the highest market share, which is attributable to its application as a plastic additive. Masterbatches' demand is anticipated to grow in the forecasted period due to its exponential utilization of plastics. Masterbatches have significant demand, especially in the rising economies like China, Korea, Vietnam, and India, and dominated the polyethylene market. The rise in demand from the food and packaging industry and surging demand for printing ink in Asia pacific region will drive the demand further.

Polyethylene Wax Market, by Technology:

Polymerization technology is dominating the polyethylene wax market.

Metallocene is a new process of polymerization which is being adopted recently by the manufacturers due to better performance solution in preparation of LDP and HDP. This is expected to drive the demand for the polymerization segment. Advanced technology is utilized in co-polymer, acid-modified, and special monomer manufacturing. Significant growth in acid-modified and oxidized types will drive the demand for
polymerization in the forecasted period.

Polyethylene Wax Market, by Region:

The Asia Pacific is expected to show significant demand in the forecasted period.

Asia Pacific region is expected to show lucrative demand for the polyethylene wax market in the estimated period. This demand is due to the presence of significant players, increasing infrastructure facilities, and rapid industrialization in this region. Demand in this region arises from sectors such as woodworking, packing, building and construction, and others. Usage of polyethylene wax in processes such as polymerization, thermal cracking, modification, and other processes is leading to increased dominance of this region. North America is an emerging market for the polyethylene wax investors due to the technological advancements and expanding end-user industries. This market is expected to grow due to the demand for hot melt adhesives in construction, automation, and other sectors. The growth of polyethylene wax in this region is propelled with increased usage of catalogs, directories, magazines, and periodicals due to its unique structural properties.

Key Players in Polyethylene Wax Market:

The key players in the manufacturing of polyethylene wax market are SCG Chemicals, WIWAX, Honeywell International Inc., Mitsui Chemicals America, Inc., Clariant AG, BASF SE, Westlake Chemical Corporation, Synergy Additives, Micro Powders, Inc., The Lubrizol Corporation, Innospec Inc., Arya Chem Inc., and The International Group, Inc. The strategies adopted by the leading players are integrated operations at various stages of the product ecosystem and globalization.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2019

  Forecast timeline for Market Projection

  2019-2027

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Technology

  • Thermal Cracking
  • Modification
  • Polymerization

  Segmentation by Product

  • High-Density Polymerized PE Wax
  • Low-Density Polymerized PE Wax
  • Acid-Modified PE Wax
  • Oxidized PE Wax
  • Low-Density Cracked PE Wax
  • Others

  Segmentation by Application

  • Printing Inks
  • Masterbatches
  • Adhesives
  • Rubber
  • Plastics
  • Rubber
  • Others

  Key Countries Covered

U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Africa, Russia, Japan, China, India, South Korea Latin America, Middle East and Africa

  Key Companies Profiled

  • SCG Chemicals
  • WIWAX
  • Honeywell International Inc.
  • Mitsui Chemicals America, Inc.
  • Arya Chem, Inc.
  • Clariant AG
  • BASF SE
  • Synergy Additives
  • The Lubrizol Corporation
  • Micro Powders, Inc.

 


FREQUENTLY ASKED QUESTIONS?
 

A. Honeywell International Inc. and Mitsui Chemicals America, Inc. are the leading companies in the polyethylene wax market.

A. The Asia-Pacific region possesses high investment opportunities for the investors to witness the most promising growth in the future due to industrialization.

A. Globalisation and enhancing operational efficiency are the key strategies opted by the leading players in the polyethylene wax market.

A. The high density polymerised product dominates the polyethylene wax market globally in the forecasted period due to its high density and tensile strength.

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