Global Polyethylene Wax Market 2018-2022
About Polyethylene Wax
Polyethylene wax is a petrochemical product and is obtained from ethylene, a derivative of crude oil. It is manufactured using three technologies, such as polymerization, modification, and thermal cracking.
Technavio’s analysts forecast the global polyethylene wax market to grow at a CAGR of 4.70% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyethylene wax market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyethylene Wax Market 2018-2022
Technavio recognizes the following companies as the key players in the global polyethylene wax market: BASF, Clariant, Eastman Chemicals, Innospec, and Mitsui Chemicals.
Commenting on the report, an analyst from Technavio’s team said: “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.”
According to the 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 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.
BASF, Clariant, Eastman Chemicals, Innospec, and Mitsui Chemicals.
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