PE wax finds application in a wide range of industries, including plastic, packaging, textile, and tire & rubber, which drives the growth of the global polyethylene wax market. In addition, the emulsifiable type of PE wax is also used in auxiliaries, paper coatings, crayons, leather, and cosmetics, while the non-emulsifiable type is the most common in paints, printing ink, and pigment concentrates. These factors present lucrative opportunities for the market growth.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global polyethylene wax industry generated $1.1 billion in 2021, and is anticipated to generate $1.5 billion by 2031, witnessing a CAGR of 2.9% from 2022 to 2031.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The plastics segment accounted for the largest share in 2021, contributing to nearly one-third of the global polyethylene wax market, and is projected to maintain its lead position during the forecast period. This is attributed to its cost-efficient, durability, and easy handling properties. Moreover, the hot melt adhesives segment is expected to portray the largest CAGR of 3.2% from 2022 to 2031, due to increase in usage of hot melt adhesives in various end-use industries such as packaging and building & construction.
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The Polyethylene wax market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
The high density polyethylene (HDPE) wax segment held the highest market share in 2021, accounting for around half of the global polyethylene wax market, and is estimated to maintain its leadership status throughout the forecast period, due to increased demand from the manufacturing industry for its properties such as low melt viscosity and compatibility with plasticizers, lubricants, and stabilizers. However, the low density polyethylene (LDPE) wax segment is projected to manifest the highest CAGR of 2.9% from 2022 to 2031. This is owing to increase in use of low density polyethylene (LDPE) wax in plastic processing and hot-melt adhesives in road marking application along with the increase in the shale gas exploration and production activities in developed and developing economies.
Polyethylene wax Companies covered market:- DUEREX AG, Forplast, Innospec, Marcus Oil & Chemical Merco, MLA Group of Industries and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Polyethylene wax market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Polyethylene wax market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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