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Polyethylene Wax Market

Polyethylene Wax Market

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Polyethylene Wax Market

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  1. Polyethylene Wax Market Size Volume, Share, Demand Growth, Business Opportunity by 2028

  2. Global Market Scenario of Polyethylene Wax Industry Polyethylene Wax Market Size is expected to exceed USD 1.0 billion by 2028. Augmenting product demand for printing inks coupled with the growing coating industry is anticipated to stimulate industry expansion over the forecast timeline. Some major findings of the polyethylene wax market report include: The powder form of polyethylene wax is experiencing the highest demand from end-uses and is most likely to dominate the market throughout the forecast period Increasing production of plastic additives, lubricants, and candles will fuel the consumption of polyethylene wax in powdered form. Growing consumption of plastics will drive the product demand for plastic additives and lubricants applications.

  3. Continue:- Asia Pacific registered the highest demand for polyethylene wax owing to the significant developments in the end-use industries, such as construction, automotive, food & beverage, and cosmetics, among others. Some of the prominent players in the global polyethylene wax market include BASF SE, Honeywell International Inc., Clariant AG, Arya Chem Inc., SCG Chemicals, Westlake Chemical Corporation, Synergy Additives, WIWAX, The Lubrizol Corporation, Mitsui Chemicals America, Inc., Micro Powders, Inc., Kerax Limited, Innospec Inc., and The International Group, Inc. Liquid or micronized polyethylene wax can be used as an additive in printing inks to modify surface properties such as mar & abrasion, coefficient of friction (slip), and gloss. Polyethylene wax is used to modify the properties of both the applied ink & final film. It is used to control the rheology characteristics of ink formulations and surface properties of the final film. Several properties of polyethylene wax, especially hardness, molecular weight, and particle size, contribute to its effectiveness in enhancing mar & abrasion resistance, slip, trapping, and anti-blocking properties.

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/2206

  5. 360° Industry Analysis Request for customization:https://www.gminsights.com/roc/2206 These property enhancements are of prime importance to ink manufacturers and result in more efficient & cost-effective products that meet customer requirements. However, the fluctuation in raw material prices is expected to have a negative impact on the market. The polyethylene wax market from pellet acquired over 4.2% of the total product demand and is anticipated to experience a positive outlook by 2028. The market growth is underpinned by the rising product usage in PVC pipe production. In addition, the growing penetration of pelletized polyethylene wax in other application areas, such as candle manufacturing, poultry depilation, and food packaging, is providing substantial growth potential to the product segment. Among various applications of polyethylene wax, the adhesives & coatings segment was valued at over USD 160 million in 2021 and is expected to reach over USD 220 million by 2028. The desired product properties including good water repellency, anti-settling properties, texture improvement capabilities, and abrasion resistance, among others are significantly contributing to the increasing consumption of polyethylene in the respective market. Furthermore, rising wax demand in printing inks and paper coatings due to its wetting properties and low coefficient of friction will garner lucrative opportunities for product manufacturers in the coming years.

  6. Competitive Analysis: The European polyethylene wax market was valued at over USD 245 million in 2021 and is anticipated to reach USD 310 million by the end of 2028. Strong demand for plastic additives, lubricants, wood, candles, and coatings in the region has significantly contributed to the regional industry expansion. However, a decline in plastic production in Europe is a concern for the market. For instance, plastic production dipped to 57.9 million tons in 2019 from 61.8 million tons in 2018. Nevertheless, the increasing production volume of paints & coatings in the region will propel the demand for polyethylene wax during the projected timeframe. Various industry players associated with the polyethylene wax industry are working on developing their production capabilities and upgrading their distribution networks. Participants in the polyethylene wax industry include WIWAX, Honeywell International Inc., SCG Chemicals, Kerax Limited, BASF SE, Clariant AG, Micro Powders, Inc., Westlake Chemical Corporation, Synergy Additives, Mitsui Chemicals America, Inc., The Lubrizol Corporation, Savita, The International Group, Inc., Innospec Inc., and Arya Chem Inc.

  7. Title Latest Research Report On Polyethylene Wax Market@ https://www.gminsights.com/industry-analysis/polyethylene-wax-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2206 Request for customization: https://www.gminsights.com/roc/2206

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