Global Polyethylene Wax Market by Product (Low Density Polymerized Wax, Acid-Modified, High Density Polymerized Wax, Low Density Cracked, Oxidized) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global polyethylene wax market was worth USD 953.2 million. This market is expected to grow due to the rising production of shale gas in China and North America in 2018, and growing demand from the coatings and printing inks industries.

The polyethylene (PE), wax, is a type synthetic wax that has been prepared using ethylene polymerization. It is nontoxic and hard and white. You can buy PE waxes in flakes, pellets, or powder form. The main end-use industries of PE wax include coating, textile, printing, polish, food packaging and processing, paints oil & gas, cosmetics pharmaceuticals, paper, leather, and pharmaceuticals.

The expansion of US shale gas resources is expected to be the main driver for product segment growth. Chevron Phillips Chemical and INEOS, Williams Company and Dow Chemical are some of the regional industry players. They have also undertaken expansion projects to increase their end-use productions as well as expand their customer base.

The market is governed by stringent regulations from various international agencies. Contrary to the established regulatory frameworks in North America and Europe, emerging regions such as Asia Pacific are still improving their regulatory structures to protect the environment and rights.

REACH (Registration Evaluation Authorization and Restriction Of Chemicals), EPA and FDA have established strict emission standards for harmful automobile emissions. This will drive the demand for polyethylene wax in coating applications.

Polyethylene wax will be more in demand as the food industry uses high quality packaging. In order to improve their manufacturing processes, industry players are looking for advanced technologies. Honeywell was the first to adopt technology for producing PE wax and its additives. This technology is currently used by many other plastic and chemical companies around the world.

Product Insights

The high density polymerized segment was the most popular in 2018 and accounted to a large share of market revenue. High density polymerized PE wax is the most popular, with high density and high tensile strengths. Because of its high market penetration, they are widely used and will continue to grow at an accelerated rate.

High performance properties such as low melting viscosity, compatibility with plasticizers, and stabilizers have made the product a popular choice in the manufacturing industry. LDPE and HDPE can be obtained by high-density Polymerization. They are used to enhance slip, friction and scratch resistance.

The second largest product segment was oxidized. It is expected to grow due to increased use in the rubber, coating, inks and lubricants industries. The Asia Pacific oxidized market will see significant growth because of rapid industrialization and increasing R&D.

The use of PE wax in coatings has seen significant acceptance. It is now being used in nonionic emulsions and water-based waxes.

Technology Insights

The market can be divided into three types of technology: modification, polymerization and thermal cracking. Manufacturers have recently begun to use metallocene as a polymerization technology for producing HDP and LDP. This will help to boost the growth of polymerization technology in the PE wax market.

Modification technology can be used to make co-polymer and oxidized, acid modified, or special monomer products. The technology share will also increase due to high growth in acid-modified or oxidized demand.

The growing demand for co-polymers, oxidized, special monomer and acid modified products in the modification segment is a significant influence on its demand. Over the forecast period, the market volume will be driven by the growth in acid-modified coatings.

Application Insights

Polyethylene waxmarket can be divided by application into printing inks and adhesives, masterbatches or plastics, rubber, etc. Other segments include cosmetics, leather and paper, candles, as well as textiles.

Masterbatches was the most popular application segment due to its broad application. This is because plastic additives are in high demand. Masterbatches will be in great demand as plastic consumption is predicted to increase exponentially during the forecast period. This is due to the rapid development of emerging economies like India, Vietnam and China.

These waxes are lubricating and support resin processing. These waxes can also be used to disperse colors in plastics and other additives. The segment's growth is expected to be boosted by the increasing demand for PE plastics in the food and packaging industries. In addition, the increasing westernization of emerging economies has positively impacted the demand for quality products. This will likely drive printing inks sales to the Asia Pacific.

Regional Insights

PE wax can be divided by region into North America and Europe, Asia Pacific (Middle East & Africa), Central & South America, and Europe. North America also includes the U.S. and Europe includes Germany. Asia Pacific was the largest global market for polyethylene and is projected to grow at the highest rate of CAGR over the forecast period.

The rapid industrialization of China and India has resulted in a significant growth in the PE wax market. China's established polyethylene wax infrastructure and the presence of major players in the country have fueled Asia Pacific's dominance in 2018. The region will see a surge in PE wax demand due to rapid industrial growth in India, Vietnam and other countries.

The prevailing oil & natural gas infrastructure and low prices are expected to lead to a significant increase in revenue share for Middle East & Africa. The demand for crude oil from the U.S. is expected to drive the North American market. Europe will also experience steady growth due to the expansion of end-use industries such as coating, printing inks and adhesives and strict food regulations by FDA and REACH.

In terms of technological advances and growing end-user industries, the U.S. market is a vibrant one. The saturation product segment will see steady growth in HDP demand over the next few years. Plastic manufacturing will continue to grow at a slow pace. Due to the increasing use of plastic and elastomer in this area, the oxidized product category is expected to see remarkable growth.

Market Share Insights & Key Companies

Baker Hughes, Clariant; Honeywell and Mitsui Chemicals are major competitors. Zell Chemie International; Marcus Oil & Chemicals Private Ltd. Trecora Chemical; OPI Inc. Nanjing Tianshi is a player that offers high integration and enhanced distribution networks for the manufacturing of PE wax.

GMT is a major exporter and manufacturer of PE wax worldwide. Coschem also sells the business, while EPChem International Pte. Ltd. is an international industry participant that is involved in the distribution and marketing of PE wax. Huber Group is an international holding company that has launched its product portfolio, which includes inks , printing coatings and press chemicals.

Nanotechnology is expected to be a major market driver in the coatings industry. This is due to its high-end characteristics like wear resistance, scratch and corrosion, as well as metallic & microceramic particles. Stringent environmental regulations, along with technological advances, will increase demand for high-solid, UV-curable and waterborne coats in global markets.

Another market strategy is to expand operations and commission new plants. BASF established a new manufacturing facility in Ludwigshafen, Germany, in 2012 to produce oxidized PE-wax. This has allowed it to strengthen its position on the PE wax market.

Polyethylene Wax Market Report Scope

The report covers segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis on industry trends in each sub-segment from 2014 through 2025. Grand View Research segmented the global market for polyethylene wax on the basis technology, product, region, and application.

• Technology Outlook (Volume of Kilo Tons; Revenue USD Million; 2014-2025)

  • Polymerization

  • Modification

  • Thermal cracking

• Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

  • High Density Polymerized PE wax

  • Low Density Polymerized PE wax

  • Oxidized PE Wax

  • Acid-Modified PE Wax

  • Low-Density Cracked Pe Wax

  • Other

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

  • Printing inks

  • Adhesives

  • Masterbatches

  • Plastics

  • Rubber

  • Other

• Regional Outlook (Volume of Kilo Tons; Revenue USD Million; 2014-2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

These are the most frequently asked questions about this report

b. The market for polyethylene wax in the world was valued at USD 1.04 billion in 2019, and will reach USD 1.13 billion by 2020.

b. The global market for polyethylene wax is expected to grow at a compound annual rate of 9.1% between 2019 and 2025, to reach USD 1.76 Billion by 2025.

b. North America was the dominant market for polyethylene wax in 2019, with a 31.7% share. This can be attributed to the increasing demand for plastic and elastomers.

b. Baker Hughes, Clariant, Honeywell; Mitsui Chemicals and Hase Petroleum Wax Co. are some of the key players in the polyethylene wax industry.

b. The key factors driving growth in the polyethylene wax market include increasing shale gas production from China and North America, as well as growing demand for coatings or printing inks.

Up Market Research published a new report titled “Polyethylene Wax Market research report which is segmented by Product (Low Density Polymerized Wax, Acid-Modified, High Density Polymerized Wax, Low Density Cracked, Oxidized), By Players/Companies Baker Hughes; BASF; Clariant; Honeywell; Mitsui Chemicals; Hase Petroleum Wax Co; Zell Chemie International; Marcus Oil & Chemicals Private Ltd; Trecora Chemical; and OPI Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

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 Polyethylene Wax Market Report Segments:

The market is segmented by Product (Low Density Polymerized Wax, Acid-Modified, High Density Polymerized Wax, Low Density Cracked, 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 Polyethylene Wax Market

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

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

                1. Low Density Polymerized Wax

                2. Acid-Modified

                3. High Density Polymerized Wax

                4. Low Density Cracked

                5. Oxidized

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

We have studied the 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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Reasons to Purchase the 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.