The polyethylene wax market is projected to reach USD 1.32 billion by 2022, at a CAGR of 4.1% from 2017 to 2022
The polyethylene wax market is driven by the increasing demand from various applications, such as plastic processing, inks & coatings, and hot-melt adhesives
NEW YORK, Jan. 30, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05300607
The polyethylene wax market is estimated at USD 1.08 billion in 2017 and is projected to reach USD 1.32 billion by 2022, at a CAGR of 4.1% from 2017 to 2022. The growth of the market is driven by the increasing demand for polyethylene wax as a lubricant in PVC processing and as a dispersing agent in masterbatch.
Based on process, the modification process is projected to witness the highest growth during the forecast period in the polyethylene wax market
Modification process is the fastest-growing segment of the polyethylene wax market. Micronized and oxidized polyethylene waxes are obtained by this process, and the growth is backed by their major applications in different industries as they offer maximum rub and mar resistance, block resistance, and re-coat ability.
China is the largest and fastest-growing market for polyethylene wax market in APAC as well as globally
China is the largest and fastest-growing market for polyethylene wax in APAC as well as globally. It is projected to maintain its dominance during the forecast period due to the rapid industrialization, growing demand from various applications, and increasing government spending on industrial and infrastructural developments. Major key players are focused on inorganic growth strategies, such as mergers & acquisitions and partnership to enhance its footprint in China.
Extensive primary interviews were conducted to determine and verify the market sizes of various segments and subsegments obtained from the data gathered through secondary research. The breakdown of primary interviews has been given below.
• By Company Type - Tier 1 â€" 50%, Tier 2 â€" 40%, and Tier 3 â€" 10%
• By Designation - C level â€" 44%, D level â€" 34%, and Others â€" 22%
• By Region - North America â€" 20%, Europe â€" 25%, APAC â€" 40%, South Americaâ€" 10%, and the Middle East & Africa â€" 5%
Key players profiled in the Polyethylene wax market report are BASF (Germany), Clariant International (Switzerland), Trecora Resources (US), Marcus Oil and Chemical (US), Mitsui Chemicals (Japan), and Honeywell International (US).
Research Coverage:
This report covers the consumption of polyethylene wax in different application and regions. It aims at estimating the market size and future growth potential of the polyethylene wax market across different segments based on process, type, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the polyethylene wax market, along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
This report aims at helping the market leaders/new entrants in the polyethylene wax market by providing them the closest approximations of the revenues for the overall polyethylene wax market and its subsegments. This report aims at helping stakeholders obtain an improved understanding of the competitive landscape of the market and gain insights to improve the position of their businesses by adopting suitable market strategies. This report also aims at helping the stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
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