Looking at the current market trends as well as the promising demand status of the “ — Polyethylene Wax Market” it can be projected that the future years will bring out positive outcomes. This research report added by Marketresearchfuture.com on its online portal delivers clear insight about the changing tendencies across the global market.
Market Introduction :
Polyethylene (PE) Wax is an ultra-low molecular weight polyethylene produced form ethylene monomer chains. These wax is highly used in various applications such as plastic processing, hot melt adhesive, ink & coating, and others due to its thermal stability, bio-compatible, durability, and superior performance. The hot melt adhesives are used in road marking application which is likely to drive the global market.
The increasing infrastructure and rapid urbanization along with the high monetary investments is expected to propel the market growth. These adhesives are also used in construction and automotive as a slip agent, resin modifier, mold release agent, and others. The increasing demand for plastic products in food packaging, textiles, and others is anticipated to propel the market growth. The growing applications of the polyethylene wax in the paint & coatings industry is anticipated to augment the market growth during the review period.
Top Key Players :
Mitsui Chemicals, Inc. (Japan), Honeywell International Inc. (U.S.), Clariant (Switzerland), BASF SE (Germany), TRECORA RESOURCES (U.S.), SCG (Thailand), The Lubrizol Corporation (U.S.), Innospec (U.S.), Westlake Chemical Corporation (U.S.), and EUROCERAS (Poland)
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Industry/ Innovation/ Related News :
May 02, 2016-
TRECORA RESOURCES, leading manufacturer of specialty polyethylene waxes and provider of custom processing services located in Pasadena, Texas acquired the sterols production plant of BASF. Trecora acquired this sterol production plant to expand and diversify its revenue sources, to address new markets and to allow flexible manufacturing. This has enabled significant operating efficiencies and enhanced the value of combined facilities. This acquisition resulted in the purchase of production equipment of BASF which further resulted into broadening capabilities and potential markets for Trecora Resources.
23 February, 2017-
ChemSpec Ltd., OH launched Deurex LDPE wax products in the U.S. Market, which are produced by Deurex AG, Germany. The products are named Deurex E 06 and Deurex E12 K and they exhibit low molecular weight, low melting points and have applications in a range of products such as cosmetics and skin care. These products are additives that act as dispersion aids, lubricants, flow promoters, and release agents. Deurex’s technologically advanced manufacturing processes which include the High-Pressure Polymerization of ethylene and the Ziegler-Natta Polymerization Method has enabled the wax production at a very competitive price and has boosted the market growth.
January 12, 2018-
Lubrizol Corporation announced to take participation at the American Coatings Show (ACS) to showcase its latest innovations named PowderAdd ™ and Lanco ™ which will be held on April 9-12 in Indianapolis. PowderAdd ™ is a micronized wax technology that enables unique matting and texturing effects for powder coated metal surfaces. Lanco ™ is the technology which delivers matting efficiency while providing high mar and scratch resistance for wood and metal applications. The wax based research and development is likely to augment the market growth in paints & coatings industry. These properties are also expected to drive the product demand in automotive sector
Global Polyethylene Wax Market Geographical Analysis :
The Asia Pacific region leads the global polyethylene wax market with the largest market share. The market is growing with the increasing demand for the product in packaging, buildings & construction, woodworking, and others. Rapidly expanding production capacities in the region impact the market growth positively.
Besides, the increasing industrialization especially in India and China foster the market growth in the region. The APAC region is expected to retain its dominance during the forecast period. Countries such as China, Japan, South Korea, and India account for the key contributors to the market growth owing to the increasing consumption of polyethylene wax in various processes such as polymerization, modification, and thermal cracking, among others.
The North American region is too growing significantly owing to the augmenting demand for hot melt adhesives in automotive, construction, and other industries. Substantial investments in the end-use industries are driving the market growth in the region.
Besides, countries such as the U.S., Canada, and Mexico backed by the growing consumption of catalogs, magazines, periodicals, directories in end-use applications are propelling the growth in the regional market.
The polyethylene wax market in the European region has observed a steady growth in the last couple of years. Stringent regulations implemented by the regional governments promoting the use of lightweight materials in end-use industries to achieve fuel efficiency are supporting the market to grow at a higher rate during the forecast period. Simultaneously, these regulations drive also drive various applications such as packaging, chemical, oil & gas industries, and others.
Markets in some European countries such as the U.K, Italy, Germany, and France growing with the increasing innovations and technological advancements of the products are expected to support the market growth during the forecast period
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Global Polyethylene Wax Market Segmentation :
MRFR has segmented its analysis into four key dynamics for enhanced understanding.
By Type : High-Density Polyethylene (HDPE) Wax, Low-Density Polyethylene (LDPE) Wax, and Oxidized Polyethylene Wax among others.
By processes : Polymerization, Modification, and Thermal Cracking among others.
By Applications : Plastic Processing, Hot-Melt Adhesive, Ink and Coating, among others
By Regions : North America, Europe, APAC and the Rest-of-the-World.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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