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MA2007302 |
Pages: NA |
Jan 2023 |
Polyethylene wax is prepared by ethylene polymerization which is obtained from crude oil. The polymerization in the manufacturing process is significant because physical properties get affected by the level of polymerization. Polyethylene wax is utilized in lubricants, candles, plastic additives, adhesives, coating, and cosmetics. Properties of polyethylene wax are low solubility, heat resistance, and chemical resistance.
Polyethylene wax is a white hard material and is nontoxic. Polyethylene waxes are available as powder, flakes, and pellets. Polyethylene wax Application of polyethylene is found in industries such as textile, food processing, and packaging, pharmaceuticals, oil and gas, paints and varnishes, cosmetics, leather, paper, printing ink, and coating. Based on their molecular weights, they can be classified as emulsified and non-emulsified waxes.
The demand from polyvinyl chloride production is a significant stimulus for the polyethylene wax market globally. Polyethylene wax is a lubricant in polyvinyl chloride with abrasion resistance and molding complexity characteristics. The PVC market is expected to grow exponentially in the forecasted period due to an exponential hike in construction business, causing a rise in demand for polyethylene wax. Other driving factors are its application in the plastic industry as a dispersant, mold release agent, resin modifier, and slip agent. The printing industry uses polyethylene waxes in lithographic printing, silk screen gravure, letterpress, and flexography. The wax provides a gloss and durability to the inks due to which printing inks demand is enhanced in the packing and labeling industry, which is a driving factor for the growth of the polyethylene wax market.
The availability of gas to liquid wax as an alternative for polyethylene wax with multiple applications may hamper the growth of the market. Increased raw materials costs for production are a major restraint for the manufacturers of the polyethylene wax market. Volatility in crude oil prices, limited investments by players in new product development are the hindrances for the growth of the market.
Growth opportunities for polyethylene wax are due to its extensive usage in hot melt adhesives and plastic processing. Alongside utility in multi-segment, the development of new variants are the existing opportunities for the investors in the global polyethylene market.
In the year 2018, the high-density polymerized product is dominating the market with the highest revenue generation. It is the most preferred product type due to its tensile strength and density. Properties such as low melt viscosity and compatibility with lubricants, plasticizers, and stabilizers enhanced its application in the manufacturing sector. By high-density polymerization, LDPE and HDPE are produced, which have applications in hot melt adhesives, polyvinyl chloride processing lubricant, and water-based emulsion additives that enhance scratch resistance and friction. The oxidized product segment is expected to show significant growth in the forecasted period. This demand is anticipated mostly in the Asia Pacific region due to aggressive industrialization and focus on R&D efforts. The oxidized product segment is utilized in plastics, lubricants, shoes, leather, masterbatch industries, inks, and coating.
Masterbatches segment has the highest market share, which is attributable to its application as a plastic additive. Masterbatches' demand is anticipated to grow in the forecasted period due to its exponential utilization of plastics. Masterbatches have significant demand, especially in the rising economies like China, Korea, Vietnam, and India, and dominated the polyethylene market. The rise in demand from the food and packaging industry and surging demand for printing ink in Asia pacific region will drive the demand further.
Metallocene is a new process of polymerization which is being adopted recently by the manufacturers due to better performance solution in preparation of LDP and HDP. This is expected to drive the demand for the polymerization segment. Advanced technology is utilized in co-polymer, acid-modified, and special monomer manufacturing. Significant growth in acid-modified and oxidized types will drive the demand for
polymerization in the forecasted period.
Asia Pacific region is expected to show lucrative demand for the polyethylene wax market in the estimated period. This demand is due to the presence of significant players, increasing infrastructure facilities, and rapid industrialization in this region. Demand in this region arises from sectors such as woodworking, packing, building and construction, and others. Usage of polyethylene wax in processes such as polymerization, thermal cracking, modification, and other processes is leading to increased dominance of this region. North America is an emerging market for the polyethylene wax investors due to the technological advancements and expanding end-user industries. This market is expected to grow due to the demand for hot melt adhesives in construction, automation, and other sectors. The growth of polyethylene wax in this region is propelled with increased usage of catalogs, directories, magazines, and periodicals due to its unique structural properties.
The key players in the manufacturing of polyethylene wax market are SCG Chemicals, WIWAX, Honeywell International Inc., Mitsui Chemicals America, Inc., Clariant AG, BASF SE, Westlake Chemical Corporation, Synergy Additives, Micro Powders, Inc., The Lubrizol Corporation, Innospec Inc., Arya Chem Inc., and The International Group, Inc. The strategies adopted by the leading players are integrated operations at various stages of the product ecosystem and globalization.
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Aspect |
Particulars |
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Historical Market Estimations |
2019-2020 |
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Base Year for Market Estimation |
2019 |
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Forecast timeline for Market Projection |
2019-2027 |
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Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
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Segmentation by Technology |
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Segmentation by Product |
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Segmentation by Application |
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Key Countries Covered |
U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Africa, Russia, Japan, China, India, South Korea Latin America, Middle East and Africa |
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Key Companies Profiled |
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