At 3% growth, Polyethylene Wax Market exceeding 370 million-dollar mark by 2024
Feb 4, 2019
Some key business contributors in polyethylene wax market are Honeywell International, BASF SE, Clariant AG, Innospec Inc, Westlake Chemical, Arya Chem, WIWAX, SCG Chemicals, Mitsui Chemicals, Synergy Additives, Lubrizol Corporation, Micro Powders and Kerax Limited.
Selbyville, United States - February 4, 2019 /MarketersMedia/ —
Polyethylene Wax Market demand will surpass from US$ 250 million to US$370 million by 2024. Escalating coatings industry across the globe is a prominent factor propelling the overall (PE) polyethylene wax market by 2024. The overall coatings business generated revenue more than USD 90 billion in 2016 and is likely to mark USD 150 billion, with estimated gains close to 5% CAGR over the estimated period.
The global PVC manufacturing process will expand at more than 3% CAGR by 2024 for its widespread applications in the construction industry. Furthermore, polyethylene wax market is driven by broad applications printing inks industry. The product is used in printing inks formulation process to upgrade its friction coefficient and gloss.
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Considering the physical form of the product, powders are estimated to lead the overall market by 2024. They feature better anti-sticking properties in PVC melts, better rub & scratch resistance and high viscosity modification when used as hotmelt adhesives.
Candles had above 20% of the PE wax market share. The factors such as the increasing product application in candles for improving the gloss and burning rate, the strong demand of candles in India and China for decoration and festival usage will drive the business size by 2024. Packaging applications are projected to observe growth over CAGR 3.5% in the forecast period.
Plastics additives and lubricants was one of the major global PE wax market share contributor in 2016 and is forecast to observe prominent gains in the coming years. Increasing product applications as a slip agent, mold release agent, resin modifier and dispersant in the plastic processing industry will positively boost the overall size during the estimated timeframe. The product has also been used in the plastic applications in order to enhance its impact strength and flexural modulus. Escalating global plastic demand on account of its widespread applications across automotive and electronics industry will substantially boost the overall industry size.
Browse key industry insights spread across 180 pages with 251 market data tables & 30 figures & charts from the report, “Polyethylene Wax Market Size By Form (Pellets, Powders, Flakes), By Application (Candles, Packaging, Wood & Firelogs, Plastic Additives & Lubricants, Rubber, Adhesive & Coatings, Cosmetics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/polyethylene-wax-market
In 2016, Asia Pacific accounted for more than 30% of overall polyethylene wax market volume. Improving consumer lifestyle dynamics, booming construction sector and escalating automobile sales in China, Japan and India are the chief factors stimulating the regional industry size. North America contributed over 20% of the overall PE wax market share in 2016. Uplifting construction spending along with robust packaging industry in the U.S. are the prime regional growth prospects.
In 2016, the overall PE wax market was consolidated as the major participants contributed over 50% market share. Some key business contributors are Honeywell International, BASF SE, Clariant AG, Innospec Inc, Westlake Chemical, Arya Chem, WIWAX, SCG Chemicals, Mitsui Chemicals, Synergy Additives, Lubrizol Corporation, Micro Powders and Kerax Limited.
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Polyethylene wax market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Polyethylene Wax Market, Form By Application
• Pellets
o Candles
o Packaging
o Wood & firelogs
o Plastic additives & lubricants
o Rubber
o Adhesive & coatings
o Cosmetics
o Others
• Powders
o Candles
o Packaging
o Wood & firelogs
o Plastic additives & lubricants
o Rubber
o Adhesive & coatings
o Cosmetics
o Others
• Flakes
o Candles
o Packaging
o Wood & firelogs
o Plastic additives & lubricants
o Rubber
o Adhesive & coatings
o Cosmetics
o Others
Polyethylene Wax Market By Application
• Candles
• Packaging
• Wood & firelogs
• Plastic additives & lubricants
• Rubber
• Adhesive & coatings
• Cosmetics
• Others
Browse Full Table of Contents (TOC) @ https://www.gminsights.com/toc/detail/polyethylene-wax-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: MarketersMedia
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