Published: Apr, 2018

The global polyethylene wax market appears consolidated, with the leading 5 companies holding over two-third of the revenue, according to Transparency Market Research (TMR). The key companies profiled by TMR’s report include SCG Chemicals Co., Ltd., The International Group Inc., Westlake Chemical Corporation, Honeywell International Inc., and Clariant AG. Recently, Honeywell purchased technology from Evonik Industries for the production of polyethylene wax production. The technology consisted of ziegler-natta catalysts which aims at improving polyethylene wax performance in paints, coating, printing inks, and adhesives industries. Vendors are expected to invest in research and development of the product and new technologies which can be imbibed in it in a quest to thrive in the worldwide market.

According to our report, the global polyethylene wax market was estimated to stand at US$258.9 mn in 2014. With a growth rate of 3.7% over the forecast period of 2015 to 2023, the market is expected to reach US$359.1 mn by 2023. China accounted for nearly 30% of the worldwide demand for the product, being a hub of end-use industries such as adhesives, coatings, and packaging, thereby propelling the region of Asia Pacific to the forefront in this market. The global polyethylene wax market share for candles was noteworthy and substantial in 2014. The product is used in candles to enhance its characteristics such as its hardness, gloss, hardness, and burning rate as well as quality. Presence of the polyethylene also prevents mottling and improves the color distribution in colored candles.

Cost Effectiveness of Product to Propel Growth

Polyethylene is widely used in paper & paperboard coatings for consumer goods, food and beverage applications, and industrial applications. It offers excellent resistive properties towards grease and moisture. For instance, the presence of polyethylene in packaging films aid in reducing the spread of printing in into the food product. Increasing demand for packaged food across the globe, aided by the surging working population and improving lifestyle dynamics are expected to positively impact the global polyethylene wax market.

To top this, propylene wax is easy to store and transport, as well as cost-efficient. Polyethylene waxes are easily modifiable as per requirements, and do not require a large capital investment. Increasing demand for candles in countries such as China and India for festival and decoration purposes is expected to subsequently fuel the overall growth of the polyethylene wax market in the coming years. These are some of the significant factors that are expected to stoke the growth of the global polyethylene wax market in the years to come.

Presence of Alternatives May Restrain Market Demand

In certain applications, the use of alternative products such as Fisher-Tropsch (FT) wax is preferred over polyethylene. This could hamper the growth rate of the market over the coming years. Moreover, the steep and dynamic prices of crude oil, from which polyethylene is derived, is another significant impediment to market growth. However, the industry is expected is expected to recover from these blows on account of the high demand from the asphalt industry utilizing recycled pyrolytic cross-linked polyethylene wax to a large extent.

This review is based    TMR’s report titled, “Polyethylene Wax Market (Application –Candles, Packaging, Wood & Firelogs, Plastic Additives & Lubricants, Rubber, Adhesive & Coatings, Cosmetics, and Printing Inks, Laminates and Polishes) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023.”

The market is segmented along the following lines:

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

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

U.S. Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

.