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Flexibility with Robustness – The two factors driving the Polyethylene Wax Market

Polyethylene wax market is expected to reach US$ 1.63 Bn by the year 2032 at a CAGR of 5.2%. Polyethylene wax is known for having several chemical and physical properties for rendering it suitable for a broad range of applications. Some of them include crayons, paper-coating, leather and ink auxiliaries, and packaging. Polymerization gives polyethylene. The manufacturers do make necessary changes, so as to obtain product of the desired quality. However, it needs to be noted that some basic properties happen to be the same for all types of polyethylene wax. As polyethylene wax falls in the category of ethylene homopolymer, it’s crystalline and linear. This is the reason behind it finding its way through plastic additives, blends, and rubber manufacture. The crystalline nature does render it hard at higher temperatures along with lower solubility in a variety of solvents.

 

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polyethylene-wax-market

 

 Polyethylene wax is one of the thermoplastics, which melt at 110 degree Celsius. In other words, polyethylene wax melting point is 110 degree Celsius. The material doesn’t undergo extensive degradation. Furthermore, due to limited molecular weight and poly disparity, the material provides sizable resistance against chemical attacks. How does the Polyethylene Wax market disperse itself? The global polyethylene wax market, by form of product, spans prills/flakes, powder, and gels/paste. By production process, it’s polymerization (HDPE wax, LDPE wax, and modified PE wax) and thermal degradation (LDPE cracked type and PP cracked type). By application, it’s candles, plastics & rubber, paints & coatings, printing inks, adhesives, and likewise. By type, it says high density polyethylene wax, low density polyethylene wax, oxidized polyethylene wax, micronized polyethylene wax, polyethylene glycol wax, and likewise. Out of these, plastics & rubber hold the largest market share and the scenario is expected to remain unchanged even in the forecast period. How has Covid-19 impacted the Polyethylene Wax Market? The outbreak of Covid-19 did halt the production of polyethylene (PE) wax as the end-users as well as the manufacturers of PE wax had to undergo partial/total lockdowns between March 2020 and September 2021. However, with normalcy getting restored, the market is riding on high hopes. What’s with the Key Players? The key players in polyethylene wax market include Innospec Inc., BASF, Mitsui Chemicals America, Inc., Clariant International, Honeywell International, Trecora Resources, EUROCERAS, Westlake Chemical Corporation, The Lubrizol Corporation, Allied Signal, Qingdao Haihao Chemical Co., Ltd., Prizm Marketing Inc., Yimei New Material Technology Co., Ltd., National Organic Chemicals Ltd., and likewise. These players are into organic expansion mode, in particular, so as to make their presence stronger in the polyethylene wax market.  

 

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What do the US and Asia-Pacific say? The US is amongst the prominent players in global polyethylene wax market, both – in terms of manufacture and consumption. This could be attributed to presence of various key manufacturers of adhesives, paints & coatings, rubber & plastics, and the other end-use products. The US is also known as a key exporter of synthetic wax. Coming to the Asia-Pacific, Indonesia rules the roost. It is expected to grow on significant grounds in the forecast period. It is amongst the biggest manufacturers of polyethylene wax. The other reason is the region being a hub of apparel and textiles. The petroleum industry is also nearing its zenith. This keeps the Asia-Pacific continuously on the toes.

Tags: Polyethylene Wax Marketshare, Polyethylene Wax Market Size, Polyethylene Wax Market, Polyethylene Wax Market sales

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Contact Information:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
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