The analysts forecast global polyethylene wax market to grow at a CAGR of 4.70% during the period 2018-2022. One trend in the market is increasing demand for oxidized polyethylene wax.
In terms of product type, the global polyethylene wax market is segmented as high-density polyethylene wax, low-density polyethylene wax, oxidized polyethylene wax, acid-modified polyethylene wax, and low-density cracked polyethylene wax.”
Major key players in the global polyethylene wax market: BASF, Clariant, Eastman Chemicals, Innospec, and Mitsui Chemicals.
According to the polyethylene wax market report, one driver in the market is increased demand for polyethylene wax to process polyvinyl chloride. Polyethylene wax is widely used as a lubricant in the polyvinyl chloride processing industry.
It prevents PVC from sticking to the hot surfaces of certain machinery and equipment while processing. It helps in enhancing the material properties of PVC pipes, containers, and other substances.
PVC occurs both in rigid and flexible form. The rigid form of plastic is majorly used in the building and construction industry for manufacturing pipers.
The flexible form of plastic is widely used in the production of products like business cards, bottles, plastic containers, and many more.
Further, the polyethylene wax market report states that one challenge in the market is availability of substitutes. Waxes are generally of two types — natural wax and synthetic wax.
The global polyethylene wax falls under the fully synthetic wax category known as polyolefins. FT wax, which also falls under the synthetic wax category is one of the major substitutes for the global polyethylene wax market.
FT waxes have more storage stability and longer shelf-life; hence, they generate lesser wastage during production. One of the important advantages of FT wax is that it is free of sulfur and have a lower emission rate.
Market driver: Increased demand for polyethylene wax to process polyvinyl chloride
Market challenge: Availability of substitutes
Market trend: Increasing demand for oxidized polyethylene wax
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Report at www.reportsnreports.com/.aspx?name=1299364.
Major Points from Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation by Application
9: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers and Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis