Oxidized Polyethylene Wax Market - Global Industry Analysis

Oxidized Polyethylene Wax Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6765 Status : Upcoming

Description

Global Oxidized Polyethylene Wax Market: Overview

Oxidized polyethylene wax is composed of various chemicals such as ester, ketone, alcohol, & fatty acid and is obtained by oxidizing polyethylene wax. Based on the chemical composition of these chemical substances, applications of oxidized polyethylene wax are determined. It has low molecular weight and is usually used to enhance and improve the properties & process parameters of finished products in plastic industry. Oxidized polyethylene wax is soluble in aromatic hydrocarbons and has outstanding external & internal lubrication performance as its compatibility with polar resins is highly enhanced.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Oxidized Polyethylene Wax Market: Growth Factors

The global oxidized polyethylene wax market is growing at a healthy rate. Increase in adoption of oxidized polyethylene wax across several industrial sectors is the prominent factor that is propelling the growth of the global market. Further, rapidly expanding rubber & plastic processing sectors are fostering market growth. In addition to this, oxidized polyethylene wax is widely used as an additive for car anti-rust agents and rubber processes. Also, it acts as an additive for textile softening agent, wax paper, carbon paper, coating, paint, polishing wax, car wax, and many more. It is also applied in the field of hot melt road marking material. Such a wide range of applications has significantly excelled the demand for oxidized polyethylene wax. Other factors that are equally contributing to the growth of the oxidized polyethylene wax market include an increase in demand for building boards, rapidly expanding adhesive as well as ink & coatings sector, and growing use of hot melt adhesives in baby diapers, packaging & shoe manufacturing. However, fluctuating prices of raw materials and strict regulations on disposal of synthetic derivatives may hamper the growth of the global oxidized polyethylene wax market. On the other hand, growing prominence on innovative offerings and demand for specialty products may create advantageous opportunities for the growth of the global oxidized polyethylene wax market over the forecast period.

The global oxidized polyethylene wax market is been adversely affected by the outbreak of Covid-19 pandemic. Across the world, outbreak of Covid-19 had a sweeping impact on businesses and inevitably over plastic and rubber industry, the most prominent end-users of oxidized polyethylene wax. On one hand, temporary halt on production units and on other hand disruption in supply chain of raw materials hampered the global market. Further, fluctuations in the global market hampered the industrial potential. However, the market is expected to rise in the forthcoming years as the key players are majorly focusing on sorting issues related to supply chain by evaluating the strength and planning to attain uninterrupted operations during crisis.

Global Oxidized Polyethylene Wax Market: Segmentation

The global oxidized polyethylene wax market is categorized based on product, application, and region. Based on the product, the global market is divided into low-density polyethylene wax and high-density polyethylene wax. The application segment is bifurcated into rubber processing, printing inks, coatings, plastics, hot melt adhesive, and others.

Global Oxidized Polyethylene Wax Market: Regional Analysis

Asia Pacific is expected to hold a maximum share in the global oxidized polyethylene wax market during the forecast period. Countries such as India, Korea, Japan, and China being a home for different plastic processors has led to the increase in demand for plastic compounds and plastic emulsions thereby fostering the demand for oxidized polyethylene wax. The market growth in Asia Pacific is also escalated by rise in utilization of oxidized polyethylene wax in infrastructural industries. Rapidly growing paints & coating sector is also one of the major factors boosting the growth of the market in this region. North America is anticipated to grow at a healthy rate and contribute for a significant share in the market. The US is the most prominent country in this region for oxidized polyethylene wax market and its growth is driven by increase in plastic industries and growing demand for oxidized polyethylene wax in printing inks. Europe is also estimated to account for a healthy share in the market and grow at a steady growth rate during the forecast period.

Global Oxidized Polyethylene Wax Market: Competitive Players

The global oxidized polyethylene wax market is highly competitive. Heavy investments by the key players and growing use of alternative raw materials for the production of oxidized polyethylene wax owing to fluctuating prices of raw materials have led to a competitive edge for the market. BASF SE, Munzing Chemie GmbH, Clariant, Honeywell International, Westlake Chemical, Industrial Raw Material LLC, Trecora Chemical, Lubrizol, Marcus Oil, and Innospec are some of the dominating players that are operating in the global market.

Global Oxidized Polyethylene Wax Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global oxidized polyethylene wax market is growing at a healthy rate. Increase in adoption of oxidized polyethylene wax across several industrial sectors is the prominent factor that is propelling the growth of the global market. Further, rapidly expanding rubber & plastic processing sectors are fostering market growth. Furthermore, growing prominence on innovative offerings and demand for specialty products may create advantageous opportunities for the growth of the global oxidized polyethylene wax market over the forecast period.

 

BASF SE, Munzing Chemie GmbH, Clariant, Honeywell International, Westlake Chemical, Industrial Raw Material LLC, Trecora Chemical, Lubrizol, Marcus Oil, and Innospec are some of the dominating players that are operating in the global market.

 

Asia Pacific is expected to hold a maximum share in the global oxidized polyethylene wax market during the forecast period. Countries such as India, Korea, Japan, and China being a home for different plastic processors has led to the increase in demand for plastic compounds and plastic emulsions thereby fostering the demand for oxidized polyethylene wax. The market growth in Asia Pacific is also escalated by rise in utilization of oxidized polyethylene wax in infrastructural industries. Rapidly growing paints & coating sector is also one of the major factors boosting the growth of the market in this region.

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