The global polyethylene (PE) market is expected to reach USD 1.62 Billion by 2032, according to a new report by Reports and Data. Polyethylene wax, a homopolymer wax, is an exceptional and commonly used ingredient for end formulations to enhance physical appearance and thermal characteristics of products in a wide range of end-user applications.
Increasing demand from ink & coatings applications is estimated to stimulate market demand in the forecast period. Waxes have a significant impact on many processes and formulations. A relatively small quantity of PE wax, often categorized as surface conditioner additives, typically below 3.0% solids content of the total composition of formulations help in improving the effects such as slip and lubrication, anti-blocking, abrasion resistance, matting and water repellency essential for printing ink and coatings.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
· Baker Hughes
· BASF
· Clariant
· Mitsui Chemicals
· Nanjing Tianshi New Material Technologies Co. Ltd.
· Hase Petroleum Wax Company
· EPChem Petroleum Pte Ltd.
· Kato & Co.
· Honeywell International Inc.
· Innospec Inc.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
· What is the expected market size of the global Polyethylene Wax (PE) market during the forecast period?
· What CAGR is the global market expected to register during the forecast period?
· Which key factors are expected to boost global market growth between 2021 and 2028?
· What are the key restraints that are expected to hamper global market growth?
· Which regional market is expected to register robust CAGR during the forecast period?
· Which key players are operating the global Polyethylene Wax (PE) market?
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Polyethylene Wax (PE) Market Segmentation:
Type Outlook:
- Low-Density Polymerized PE Wax
- High-Density Polymerized PE Wax
- Oxidized PE Wax
- Acid-Modified
- Others
Application Outlook:
- Ink & Coatings
- Plastic Processing
- Hot Melt Adhesive
- Others
Regional Outlook:
· North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
· Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of APAC
· Latin America
o Brazil
o Rest of LATAM
· Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA
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