The report segments the global polyethylene wax market by end-user (academic and research centers and pharmaceutical and biotechnology companies), by application (masterbatches, plastic, printing ink, and adhesives), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global polyethylene wax market, according to Technavio chemicals and materials researchers:
- Increased demand for polyethylene wax to process polyvinyl chloride: a major market driver
- Increasing demand for oxidized polyethylene wax: a key market trend
- APAC dominated the global polyethylene wax market with more than 42% share in 2017
- Leica Microsystems, Molecular Machines & Industries, Thermo Fisher Scientific, and Zeiss International are some of the leading players in the market
Save more with Technavio. Buy 2 reports and get the third for free: View Technavio’s latest discounts and promotions
Increased demand for polyethylene wax to process polyvinyl chloride: a major market driver
Increased demand for polyethylene wax to process polyvinyl chloride is one of the major factors driving the global polyethylene wax market. Polyethylene wax is extensively 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 also assists 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 such as business cards, bottles, plastic containers, and many more.
Polyethylene wax aids in lubricating the movement of the PVC melt, improves the anti-sticking property, and provides better demolding effects. Owing to this, it is widely used in injection molding, blow molding, and extrusion processes. Therefore, due to the advanced benefits and improved properties of polyethylene wax in plastic industry, it is expected to witness high growth rate during the forecast period.
According to a senior analyst at Technavio for research on specialty chemicals, “The growth rate of the orthopedic plates and screws market in the Americas is slowing down a bit because of the region being a mature market. However, the increasing urge to reduce post-surgical complications has resulted in technological advancements in orthopedic plates and screws devices such as the use of titanium material to develop orthopedic plates and screws. Such innovations will bring back the growth momentum of the market in the region.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Increasing demand for oxidized polyethylene wax: a key market trend
In terms of product type, the global polyethylene wax market is segmented into high-density polyethylene wax, low-density polyethylene wax, oxidized polyethylene wax, acid-modified polyethylene wax, and low-density cracked polyethylene wax. The oxidized polyethylene wax is anticipated to be the fastest growing product segment in the global polyethylene wax market during the forecast period. Over the next few years, oxidized polyethylene wax is expected to have an increased demand due to increased application areas. Some of the end-user sectors for oxidized polyethylene market include PVC processing, water-based wax emulsion, non-ionic emulsion, paper coating, textile industry, packaging, and adhesive.
Get a sample copy of the global polyethylene wax market report free of cost
Access Technavio’s continuously growing specialty chemicals research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.