Global Polyethylene Wax Market was valued at an estimated USD 1.15 billion in 2018 and the market is expected to grow with a CAGR of 3.95% in the forecast period of 2019-2026, resulting in a projected rise to a value of USD 1.56 billion by 2026. The factor behind this rise in market value is the enhanced characteristics that are increasing the demand from various end-use industries.
An exceptional polyethylene wax market research report can be formulated well with the blend of top attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology and dedication. Not to mention, while building this report, all of these attributes are strictly followed. It also aids in taking important decisions for the growth of your business. This polyethylene wax market research report gives detailed market insights with which visualizing market place clearly become easy. All the data and statistic included in the report is backed up by well-known analysis tools which include SWOT analysis and Porter’s Five Forces analysis.
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Few of the major competitors currently working in the polyethylene wax market are WIWAX, The International Group Inc., SCG Chemicals Co. Ltd., Mitsui Chemicals Inc., Honeywell International Inc., Westlake Chemical Corporation, Clariant, BASF SE, MLA Group Of Industries, TRECORA RESOURCES, Euroceras Sp. z o.o., Innospec, The Lubrizol Corporation, Synergy Additives, Kerax Limited, Micro Powders Inc., DEUREX AG, michelman inc., SQI Group, LION CHEMTECH CO.LTD., ceronas GmbH & Co.KG, ALTANA, Cosmic Petrochem Private Limited, Brenntag Pte. Ltd. and Qingdao Bouni Chemical Co. Ltd.
Competitive Analysis: Global Polyethylene Wax Market
Global polyethylene wax market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyethylene wax market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
High amount of characteristics such as resistance to moisture and grease, easy molding capabilities resulting in enhanced end-products that utilize polyethylene wax is expected to act as a driver for the market growth
High growth of the end-users like packaging industry, printing industry subsequently resulting in the increased demand for the product is expected to act as a driver for the market growth
Growth in adoption of available substitutes to the product is expected to act as a restraint to the market growth
Vulnerable and fluctuating prices of crude oil resulting in variations of prices of ethylene that is used in the production of polyethylene wax is expected to act as a restraint to the market growth
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Segmentation: Global Polyethylene Wax Market
High Density Polyethylene Wax
Low Density Polyethylene Wax
Oxidized Polyethylene Wax
Micronized Polyethylene Wax
Acid-Modified Polyethylene Wax
Ink & Coating Industry
Middle East and Africa
Key Developments in the Market:
In December 2016, Brenntag Pte. Ltd. announced that they had completed the acquisition of EPChem. With the completion of this acquisition Brenntag Pte. Ltd. enhanced their distribution capabilities for wax and wax additives in Asia-Pacific region.
In June 2016, TRECORA RESOURCES announced that they had initiated the production of specialty waxes and wax additives at the plant they acquired from BASF SE, situated in Texas, United States. With this step, the production capabilities of TRECORA have increased significantly resulting in enhanced revenue streams.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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