Global Oxidized Polyethylene Wax Market by Application (Paints & Coatings, Printing Inks), by Product (High-density, Low-) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global oxidized polyethylene wax market was worth USD 721.5 million in 2020. It is expected to grow at a compound annual rate (CAGR of 4.8%) between 2021 and 2028. Due to widespread use of the product in plastics, coatings and hot melt adhesives as well as rubber processing, the market is expected to grow significantly over the forecast period. Other applications such as textile, leather and cosmetics also see increasing product use in their manufacturing processes. Market growth is expected to be driven by increasing demand for wax and its derivatives due to their outstanding properties such as non-toxicity, water repellency and chemical resistance.

The market growth will also be driven by the rising demand for paperboard, paper and building boards. The market will be driven by the rapid growth of the personal care, cosmetics, adhesives and inks & coats industries. Industry growth is expected to be further fueled by rising demand for adhesives and fire logs, candles, as well as the expansion of plastic & rubber processing. Industry growth will also be fueled by the increasing demand for plastics and other rubber in defense, aerospace, automotive, and automotive industries.

The market growth may be hampered by the high cost of raw materials and the potential for environmental disasters such as the disposal of synthetic derivatives. Hot melt adhesives are expected to play a major role in increasing the use of hot glues in various consumer goods applications such as furniture manufacturing, shoe manufacturing, packaging and baby sheets. Asia Pacific is the largest market for oxidized polyethylene wax (PE), with China having the highest market share. China and other countries have developed the coal-to-olefins process for making polymers such as polyethylene. This is expected to have positive effects on market growth.

Due to the high demand for these products, almost three-quarters of the ethylene produced goes into plastics and polyethylene manufacturing. To tap the lucrative market opportunities, ethylene producers have integrated their businesses. Another raw material that is used to make HTML3_ PE wax HTML3_ HTML4_ at high temperatures is petrochemical wax. Paraffin wax bases have been used by companies to replace petroleum wax in manufacturing processes.

There are three main distribution channels in the market: the company's distribution network and direct supply agreements to industrial users. Third-party distribution channels are also available. End-users are entering into agreements with manufacturers to receive cost savings and ensure uninterrupted supply. Direct supply agreements are becoming more important. Third-party distribution channels will play an important role in the future, as oxidized PE wax production becomes more concentrated in certain regions.

Product Insights

The high-density segment of the market dominated in terms of volume with a 51.4% share in 2020. The wide range of applications that HDPE has is responsible for its high market share, including its low viscosity and chemical resistance. HDPE can be used to disperse oil paints and printing dye to enhance the appearance of printing work and improve its surface finish. Because of its chemical resistance, HDPE is used in rubber processing and adhesive manufacturing.

Product consumption in printing inks depends on the product's physical properties. Global industrial output is a major factor in product consumption in the rubber, metal and plastic processing markets. The plastic industry's slow growth is expected to have an impact on the demand for waxes.

Low-density products can be used in a variety of industries as lubricants for plastic processing, dispersing agents in color masterbatches and surface modifiers in printing inks. This market is driven by a rising demand for specialty products, and a greater emphasis on innovative offerings.

Application Insights

The printing ink segment is expected to grow at a rate of 4.7% per year, based on volume. This is due to the increasing demand for packaging printing products around the world. Ink manufacturing uses polyethylene wax to add anti-slip, anti-scuff properties. For printing purposes, solvent- and oil-based inks can be used in combination with wax for digital printing, offset printing and flexo printing.

Application of product in adhesive formulation improves strength, provides antiblock performance, modifies open and set time, modifies permanent tack, modifies stickiness, improves adhesion properties, and many other benefits. Due to the growing reliability of customers purchasing goods online, the number of packaging companies is expected to increase the demand for adhesives across the application spectrum. This will lead to an increase in demand for oxidized PE wax worldwide.

It is a great water repellent and is used primarily as an emulsion in paints & coatings. It protects paints and coatings from pollution and other harmful elements like high humidity and temperature. The demand for PE wax-based products will rise due to increased infrastructure renovations in North America and Europe, as well as new projects in Asia Pacific.

Regional Insights

With a volumetric share at 24.3%, the U.S. dominated the North American regional markets in 2020. North America could be a strong market for oxidized plasticethylene wax, with a lot of demand coming from the expanding plastics industry. Multinationals such as Chevron claim that the majority of the demand for PE comes from formulators of PE resins. The application range of these compounds is expanding over the past decade, according to Chevron. The market is expected to grow significantly due to rising demand from various industries such as printing inks and rubbers.

Asia Pacific is expected to show steady growth. This is due to the growing demand for plastic compounds by packaging material formulators, bottle manufacturers, and component manufacturers. This region is one the most dynamic in terms of product development for oxidized PE wax. It is due to increasing product demand from end markets.

There are many plastic processors in the region, which means that there is a high demand for plastic emulsions in countries like India, South Korea, Japan, South Korea, South Korea, South Korea, South Korea, South Korea, China, and South Korea. Regional market growth is expected to be positive due to the availability of multiple formulators, easy trade with neighboring nations, and skilled labor.

Market Share Insights & Key Companies

Companies that engage in strategic mergers and acquisitions, regional expansion, product development, and other activities are all part of the market's dynamic environment. With their concentrated efforts to improve their product portfolio, both large- and small-scale companies such as Trecora Chemicals and Marcus Oil are expected make significant inroads.

Industry growth is expected to be fueled by the increasing demand for rubber and plastics in the aerospace, defense and automotive sectors. To maintain their industry leadership, major companies have taken different initiatives such as capacity expansions, strategic alliances and acquisitions. The following are some of the most prominent players in global oxidized polyethylene wax market:

• Baerlocher GmbH

• The Lubrizol Corp.

• SCG Chemicals Co., Ltd.

• Marcus Oil

• Deurex AG

• Munzing Chemie GmbH

• Honeywell International Inc.

Up Market Research published a new report titled “Oxidized Polyethylene Wax Market research report which is segmented by Application (Paints & Coatings, Printing Inks), by Product (High-density, Low-), By Players/Companies The Lubrizol Corp, Baerlocher GmbH, SCG Chemicals Co Ltd, Deurex AG, Honeywell International Inc, Marcus Oil, Munzing Chemie GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Oxidized Polyethylene Wax Market Report Segments:

The market is segmented by Application (Paints & Coatings, Printing Inks), by Product (High-density, Low-).

Oxidized Polyethylene Wax Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Oxidized Polyethylene Wax Market

Overview of the regional outlook of the Oxidized Polyethylene Wax Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Oxidized Polyethylene Wax Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Oxidized Polyethylene Wax Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Paints & Coatings

                2. Printing Inks

                1. High-density

                2. Low-

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Oxidized Polyethylene Wax Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Oxidized Polyethylene Wax Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.