Honeywell International (US) and Mitsui Chemicals (Japan) are the Leading Players in the Polyethylene Wax Market


The polyethylene wax market is projected to grow from USD 1.08 Billion in 2017 to USD 1.32 Billion by 2022, at a CAGR of 4.1% from 2017 to 2022. The growth of this market can be attributed to the growing applications of polyethylene wax. Plastic processing is the largest application segment of the polyethylene wax market.

Download FREE PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=124498707

Polyethylene wax is a low molecular weight polyethylene polymer. It acts as an activator and dispersing material for polyethylene, polypropylene, and acrylonitrile butadiene styrene resins. There are different types of polyethylene wax, such as LDPE, HDPE, oxidized, and micronized wax, which are manufactured through polymerization, modification, and thermal cracking. It is used in various applications, such as are plastic processing, inks & coatings, hot-melt adhesives, rubber processing, polishes, textile, and cable filling.

The polymerization process segment accounted for the largest share in terms of volume in 2016, of the polyethylene wax market. It is produced by the high-pressure polymerization of ethylene. HDPE and LDPE are obtained through this process. These waxes are generally used as a lubricant for PVC processing, a modifier in hot-melt adhesives, and as an additive in the water-based emulsion to improve slip, rub, and scratch resistance.

The oxidized segment of the polyethylene wax market is projected to register the highest growth, in terms of volume, during the forecast period. The growth of this segment is backed by its use in different applications, such as lubricants for PVC processing, dispersing agents for polar masterbatches, surface modifiers in hot-melt adhesives, and processing aids in various industries.

Plastic processing is expected to lead the polyethylene wax market during the forecast period. In plastic processing, polyethylene wax is used as a lubricant in PVC processing and as a dispersing agent for color masterbatch. It is used to influence different chemical properties, such as viscosity, temperature, gloss, and fusion speed. Plastic processing includes processing of Polyvinyl Chloride (PVC), Polyethylene (PE), and Polypropylene (PP) pipes. Building & construction is the major application of these pipes, which is witnessing high growth in emerging countries of APAC. Various government initiatives and policies are also boosting the building & construction sector. These factors are contributing to the growth of the plastic processing application segment, globally.


The polyethylene wax market in APAC expected to witness the highest growth during the forecast period. Rapid industrialization, growing demand from various applications, and increasing government spending are expected to drive the market in this region. China is projected to be the fastest-growing market in the region due to huge demand from various end-use applications. Major key players are focused on inorganic growth strategies, such as mergers & acquisitions and partnerships to enhance its footprint as well as distribution networks to cater the growing demand in this region.

Key players operating in the polyethylene wax market have adopted various strategies to strengthen their position in the market. Mergers & acquisitions was the key strategy adopted by the leading market players to achieve growth in the polyethylene wax market between 2014 and 2017. Key players in the market also adopted strategies, such as investments & expansions and partnerships to increase their global footprint and strengthen their distribution networks.

Honeywell International (US), Clariant International (Switzerland), Trecora Resources (US), Mitsui Chemicals (Japan), Marcus Oil and Chemical (US), and BASF (Germany), are some of the leading players in the polyethylene wax market.

Honeywell occupies the top position in the market for its broad product portfolio and global presence. The company offers different types of polyethylene wax, such as LDPE, HDPE, oxidized and EVA copolymer PE wax for a wide range of applications. Its products are widely preferred for PVC processing due to its excellent output rates, reduced calibration plate-out, controlled fusion maintaining physical properties, and enhanced surface quality. The company constantly focuses on a technological enhancement to improve its product performance and quality.

Mitsui Chemicals is the second-largest manufacturing company in polyethylene wax market. It offers different types of PE wax for a wide range of applications, such as pigment dispersants, slip agents and mold release agents for the molding of various synthetic resins, modifiers for printing ink and paints, aids for textile treatment and others. The major challenge faced in this business is the development of new products and the company focuses on improving its product quality.

In 2017, Clariant invested in its additives facilities to strengthen its position in China. The production units focus on offering performance additive solutions for packaging, agro-films, automotive, and other applications, and micronized waxes for various coatings & inks applications. The expansion also enables to shorten supply lead times and deliver high-tech solutions rapidly in this region.

Similarly, in 2014, Trecora Resources acquired SSI Chusei, Inc to enhance its specialty chemical and custom processing business. It increased the company’s footprint through the addition of a second chemical plant in Texas. Also, in 2015, the company partnered with Alpha Wax (Netherlands). The partnership helped the company expand its footprint in Europe and enhance its customer service. 

Comments

  1. Tradeasia InternationalFebruary 6, 2020 at 1:34 AM

    It is really a great and useful piece of info. I’m glad that you shared this helpful info with us. Also explore about Polyethylene Supplier

    ReplyDelete

Post a Comment

Popular posts from this blog

Building Thermal Insulation Market : Size Analysis by Key Players, End Users, Technologies, Growth & Forecast 2027

  The report  " Building Thermal Insulation Market  by Material (Glasswool, Stonewool, Plastic Foam), Application (Roof Insulation, Floor Insulation, Wall Insulation), Building Type (Residential, Non-Residential) and Region - Global Forecast to 2027",  will grow to USD 35.3 billion by 2027, at a CAGR of 4.7% from USD 28.0 billion in 2022. Browse  in-depth TOC on  "Building Thermal Insulation Market" 313 market data Tables 63 Figures  274 Pages  Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=510 Building thermal insulation is used to reduce the amount of energy required to heat or cool a house and minimize the amount of heat that escapes during the winter and limits the hot summer air to penetrate the house. It is the most cost-effective measure in climates that have a wide range of annual average temperatures. The resistance to heat flow of insulation is measured or rated in terms of its thermal resistance or R-value. The higher the
Read more

Face Mask Market – Business Opportunities and Global Forecast to 2027

The report " Face Mask Market  by Nature (Disposable, Reusable), Material Type, Type (Surgical, Respirator), End-Use, Distribution Channel (Pharmacy & Drug Stores, Supermarket & Hypermarket, Specialty Stores, E-commerce) and Region - Global Forecast to 2027 "The face mask market is projected to grow from USD 25.1 billion in 2022 to USD 3.0 billion by 2027, at a CAGR of -34.5% from 2022 to 2027. The market is projected to witness tremendous growth from 2018 to 2021, followed by a sharp decrease in the years till 2027. Factors contributing to the exponential growth and then decrease during the forecast period in the spread of the COVID-19 globally, and the possible decrease in the spread of the novel coronavirus after the years 2022. Other factors such as the rise in consumer awareness pertaining to the importance of face masks, and the surge in social media marketing to encourage a positive attitude towards wearing masks, are driving the demand for face masks globally.
Read more

Solar Photovoltaic Glass Market Outlook: Emerging Trends and Forecast to 2027

Solar photovoltaic glass market size is projected to reach USD 21.1 billion by 2027 from USD 6.2 billion in 2022 growing at a CAGR of 27.9%. Solar Photovoltaic Glass, also known as solar PV glass or solar glass, refers to a specialized type of glass that is designed to generate electricity from sunlight. It combines the functionality of traditional glass with the energy-producing capabilities of photovoltaic (PV) technology. Solar Photovoltaic Glass is typically made by integrating thin-film solar cells or crystalline silicon solar cells into the glass structure during the manufacturing process. These solar cells are responsible for converting sunlight into electricity through the photovoltaic effect. The glass serves as a protective and supportive layer for the solar cells, allowing them to function effectively while maintaining transparency. The main purpose of Solar Photovoltaic Glass is to capture solar energy and convert it into usable electricity. It finds applications in various
Read more