Polyethylene Wax Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia, Brazil, Mexico, GCC, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Report ID: GMI2206

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Polyethylene (PE) Wax Market size is likely to witness steady gains over the foreseeable timeframe owing to its strong application outlook in paints, coatings and textile industries. It is widely used as an activator and dispersing material for polypropylene, PE and ABS resins. These are well-suited with petroleum and other counterparts.
 

PE wax is generally obtained through polymerization and thermal cracking process. It is formulated using molecular distillation technology, which is a liquid-liquid separation process. Increasing demand for customized and specialized waxes in food packaging, adhesives, coatings and printing ink industries, which may stimulate industry growth.
 

Global food packaging market may surpass USD 350 billion by 2024. Rise in consumption of packaged foods owing to change in eating habits may trigger polyethylene market size. Superior properties such as moisture barrier characteristics, flexibility, good impact strength and oil & chemical resistance along with protection of food stuffs from transportation and handling may stimulate PE wax market growth.
 

Polyethylene wax market size from paints & coatings applications may witness an uptrend over the forecast timeframe. Global paints and coatings market was valued at over USD 130 billion in 2016 and is likely to surpass USD 180 billion by 2024. Rise in consumer good and automotive industries may stimulate industry growth demand. Superior properties such as scuff resistance, scratch resistance, resistance against water and chemical materials and excellent stability against polishing will drive industry growth.
 

Positive indicators towards plastic & rubber processing, industrial paints & surface coatings and textile industries will drive high density polyethylene wax market size. Rising demand for HDPE wax in various commercial and industrial applications owing to good heating stability and moisture barrier properties will influence industry growth.
 

Low density polyethylene wax is used in thermoplastics, rubber materials and hot melt adhesives manufacturing. Low melting point and non-polarity of these products makes it suitable for various industrial applications such as rigid containers, coatings, plastic films and adhesives.
 

North America driven by the U.S. polyethylene wax market should register significant gains owing to rise in construction and automotive sectors. Favourable government schemes to increase construction spending along with stringent regulations pertaining to improve vehicle efficiency should stimulate regional industry growth. Increasing demand for automotive refinish coupled with improvement in living standard of consumers will propel industry growth resulting into higher product demand.
 

Increasing application scope in textile sector should drive polyethylene wax market demand. Global textile production was over 90 million tons in 2016. Expansion of textile industries in China, Pakistan and India along with superior fabric properties such as tear strength, flex abrasion resistance, yarn knittability and sewability will favor product demand. Increased demand for several types of textiles from domestic segment owing to growing disposable income and rise in living standard will stimulate industry growth, thereby propelling product demand.
 

Asia Pacific, led by India, Japan and China polyethylene wax market size may grow significantly over the forecasted period. Increase in automotive industries will result into demand of paints and coatings, thereby fuelling product demand. Strong R&D spending in adhesives, printing inks and textile sectors, mainly in India and China, should drive regional industry growth.
 

Global printing inks market is valued to surpass USD 20 billion by 2024. They are widely used in coloring surfaces such as books & magazines, newspaper, ceramic tiles and cardboard. Increasing applications in end-use industries such as printing, publication, packaging and food & beverage industries will drive market growth, thereby boosting polyethylene wax demand. These products are used in printing inks to minimize blocking of stacked sheets and improve scratch and stuff resistance.
 

Europe polyethylene wax market size, led by France, UK and Germany may register significant gains over the forecast period. Major automobile companies such as BMW, Mercedes and Audi are based in Europe, which should positively influence regional product demand. Rapid urbanization and industrialization accompanied with stringent regulations regarding low VOC emission will propel industry growth.
 

Middle East, led by Saudi Arabia and UAE polyethylene wax market demand is likely to witness steady gains owing to lower raw material prices. Development in oil & gas infrastructure along with stable energy pricing will drive overall business growth.
 

PE is the key raw material used for the production process. Volatility in raw materials owing to wide product usage in food packaging, construction, automobile and adhesives industries may affect polyethylene wax market price trend and challenge industry profitability.
 

Global polyethylene wax market share is fragmented with key industry participants include BASF, Marcus Oil & Chemicals, Westlake Chemical, OPI, Honeywell Zell Chemie, Mitsui Chemicals, Michelman, Baker Hughes, Innospec, Trecora Chemical and Clariant. Most of the industry participants are focused on strengthening regional presence and enhancing product portfolio.
 

Honeywell purchased Evonik industries’ Ziegler-Natta-based PE wax portfolio. It acquired patents and manufacturing technology to develop new additives for paints, coatings, printing inks and adhesives industries, thus enhancing its existing product portfolio and strengthening its global presence.
 


What Information does this report contain?

What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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