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Global Polyethylene Wax Market: Snapshot 

The global polyethylene wax market is predicted to soar in the coming years mainly because off exponential growth of end-use industries. This includes paper and paperboard coatings, consumer goods, and food & beverages. The uptake of polyethylene wax is mainly because of distinct perceived advantage of polyethylene wax, i.e. resistance to grease and moisture. Due to this property, polyethylene wax is widely used in packaging films to reduce printing inks to spread into food products. 

The cost effectiveness of polyethylene wax is another key factor boosting the polyethylene wax market. Due to ease of storage and transportation, the overhead costs associated with polyethylene wax are fewer. This is because polyethylene wax can be molded as per the need, which makes it suitable for several intermediate processes across industries. 

Providing headwinds to the global polyethylene wax market is emergence of substitute products such as Fisher Tropsch (FT). Additionally, rebounding prices of crude oil is also posing a challenge for the growth of polyethhlene wax market. This is because polyethylene wax is derived from crude oil. 

According to a report by Transparency Market Research (TMR), the global polyethylene wax market is projected to expand at a CAGR of 3.7% between 2015 and 2023. Expanding at this pace, the global polyethylene wax market is likely to reach a valuation of US$0.35 bn by 2023 from US$0.25 bn in 2014. 

Global Polyethylene Wax Market receives Impetus by Demand from Candles Industry 

The global polyethylene wax market is divided based on application and region. Based on application, the global polyethylene wax market is segregated into candles, adhesives and coatings, cosmetics, lubricants, packaging products, woods and firelogs, and plastic additives. Some other applications of polyethylene wax include printing inks, laminates, and polishes. Among all, candles display the leading demand for polyethylene wax. Adhesives and coatings also hold substantial share in the polyethylene wax. On the other hand, plastics additives and lubricants are likely to emerge as key application segments in the polyethylene wax market. In the years ahead, thermoplastic paints is likely to display substantial demand for polyethylene wax; this is because of expanding use of thermoplastic paints in PVC pipes, plastic masterbatches, roads, and PVC stabilizers. 

Discovery of Shale Gas Wells makes North America Prominent 

From a geographical perspective, the global polyethylene wax market is segmented into North America, South America, Asia Pacific, and the Middle East & Africa. Among them, Asia Pacific is an attractive market for polyethylene wax. The growth in the region is mainly pushed by expansion of the manufacturing sector in China.

North America too holds prominence in the global polyethylene wax market. The discovery of shale wells in the region has reduced the dependence on import of crude oil to manufacture polyethylene wax. 

Leading companies operating in the global polyethylene wax market include WIWAX, SCG Chemicals Ltd., Honeywell International Inc., Mitsui Chemicals America Inc., and The International Group Inc. 

 
Polyethylene wax, an ethylene polymer, is widely used in various applications as it offers properties such as high melting and softening points, high hardness, low viscosity, excellent heat resistance, and thermal stability. Polyethylene wax is employed in the processing of most plastics that are molded using injection and extrusion molding. It is also utilized in applications such as candles, wood & firelogs, rubber, packaging, and cosmetics. 
 
This report covers the estimate and forecast of the polyethylene wax market on a global, regional, and country level. The report includes an estimation of demand for polyethylene wax in 2014 and forecast for the period from 2015 to 2023 in terms of volume (Tons) and revenue (US$ Mn) for the country, regional, and global markets. 
 
The study provides a decisive view of the polyethylene wax market by segmenting it based on applications and regional demand. Application segments have been analyzed based on current trends and future potential, and the market has been forecast from 2014 to 2023 in terms of volume (Tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for North America, Europe, Rest of Asia Pacific, Latin America, and the Middle East & Africa. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual applications in all countries and regions.
 
The study analyzes various factors driving the growth of the polyethylene wax market. It also includes restraining factors of the market. A detailed analysis of the impact of these drivers and restraints during the forecast period has been included. Furthermore, the report evaluates opportunities available in the market at the global and regional level. The report includes value chain analysis to provide value addition at each stage and understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various players involved in the polyethylene wax market, right from raw material suppliers to end-users. 
 
The study also analyzes the market with the help of Porter’s Five Forces model to determine the impact of various factors such as degree of competition, bargaining power of suppliers, threat of substitutes, bargaining power of buyers, and threat of new entrants during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Furthermore, the report comprises market attractiveness analysis, which analyzes application segments that are expected to be lucrative during the forecast period based on their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
 
The polyethylene wax market has been segmented based on applications, which include candles, packaging, wood & firelogs, plastic additives & lubricants, rubber, adhesive & coatings, cosmetics, and others. Detailed analysis of all segments in the regional and global markets, and forecast based on current and future trends of the industry in terms of volume (Tons) and revenue (US$ Mn) have been included in the report. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Demand for polyethylene wax in various applications in these regions has been analyzed and forecast for a period of eight years. 
 
We use a combination of primary and secondary research to determine the market estimate and forecast. Secondary research sources that were typically referred to include, but were not limited to company websites, independent studies, technical journals, annual reports, trade magazines, financial reports, and SEC filings. Other information sources such as internal and external proprietary databases, government documents, statistical databases and market reports, company’s news articles, industry-specific magazines, and webcasts specific to companies operating in the market have also been referred for the report.
 
The report also covers profiles of leading companies in the global polyethylene wax market. Companies profiled in the report include Honeywell International Inc., WIWAX, Mitsui Chemicals America, Inc., The International Group Inc., SCG Chemicals Co., Ltd., Westlake Chemical Corporation, Clariant AG, and BASF SE. Various attributes of these companies such as company overview, financial overview, business strategies, recent developments, new product launches, expansion, alliances, and partnerships constitute the company profiles section.
 
The report segments the global polyethylene wax market as follows:
 
Polyethylene Wax Market - Application Analysis
  • Candles
  • Packaging
  • Wood & Firelogs
  • Plastic Additives & Lubricants
  • Rubber
  • Adhesive & Coatings
  • Cosmetics
  • Others (Including printing inks, laminates, polishes, etc.)
Polyethylene Wax - Regional Analysis
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA