According to the new market research report “Polyethylene Wax Market by Process (Polymerization, Modification, Thermal Cracking), Type (LDPE, HDPE, Oxidized, Micronized), Application (Plastic Processing, Hot-melt Adhesive, and Ink & Coating), and Region – Global Forecast to 2022”, The polyethylene wax market is projected to grow from USD 1.08 Billion in 2017 to USD 1.32 Billion by 2022, at a CAGR of 4.1% from 2017 to 2022. The growth of this market can be attributed to the growing applications of polyethylene wax. Plastic processing is the largest application segment of the polyethylene wax market. The various advantages of polyethylene wax as a lubricant in PVC processing and as a dispersing agent in masterbatch will help create demand for polyethylene wax in plastic processing during the forecast period.
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The polymerization process segment accounted for the largest share in terms of volume in 2016, of the polyethylene wax market. It is produced by the high-pressure polymerization of ethylene. HDPE and LDPE are obtained through this process. These waxes are generally used as a lubricant for PVC processing, a modifier in hot-melt adhesives, and as an additive in the water-based emulsion to improve slip, rub, and scratch resistance.
The oxidized segment of the polyethylene wax market is projected to register the highest growth, in terms of volume, during the forecast period. The growth of this segment is backed by its use in different applications, such as lubricants for PVC processing, dispersing agents for polar masterbatches, surface modifiers in hot-melt adhesives, and processing aids in various industries.
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Polyethylene wax is a low molecular weight polyethylene polymer. It acts as an activator and dispersing material for polyethylene, polypropylene, and acrylonitrile butadiene styrene resins. There are different types of polyethylene wax, such as LDPE, HDPE, oxidized, and micronized wax, which are manufactured through polymerization, modification, and thermal cracking. It is used in various applications, such as are plastic processing, inks & coatings, hot-melt adhesives, rubber processing, polishes, textile, and cable filling.
Key players operating in the polyethylene wax market have adopted various strategies to strengthen their position in the market. Mergers & acquisitions was the key strategy adopted by the leading market players to achieve growth in the polyethylene wax market between 2014 and 2017. Key players in the market also adopted strategies, such as investments & expansions and partnerships to increase their global footprint and strengthen their distribution networks.
Honeywell International (US), Clariant International (Switzerland), Trecora Resources (US), Mitsui Chemicals (Japan), Marcus Oil and Chemical (US), and BASF (Germany), are some of the leading players in the polyethylene wax market.
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Honeywell occupies the top position in the market for its broad product portfolio and global presence. The company offers different types of polyethylene wax, such as LDPE, HDPE, oxidized and EVA copolymer PE wax for a wide range of applications. Its products are widely preferred for PVC processing due to its excellent output rates, reduced calibration plate-out, controlled fusion maintaining physical properties, and enhanced surface quality. The company constantly focuses on a technological enhancement to improve its product performance and quality.
Mitsui Chemicals is the second-largest manufacturing company in polyethylene wax market. It offers different types of PE wax for a wide range of applications, such as pigment dispersants, slip agents and mold release agents for the molding of various synthetic resins, modifiers for printing ink and paints, aids for textile treatment and others. The major challenge faced in this business is the development of new products and the company focuses on improving its product quality.
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