USD 792.43 million
Oxidised Polyethylene Wax Market Size, Share, Growth Analysis, By Process(Polymerization, Modification, Thermal cracking), By Type(Low Density Polyethylene Wax, High Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax), By Application(Plastic Processing, Hot-melt Adhesive, Ink & Coating), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2164 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
91
|Figures:
77
Oxidised Polyethylene Wax Market Insights
Global Oxidised Polyethylene Wax Market size was valued at USD 792.43 million in 2022 and is poised to grow from USD 830.47 million in 2023 to USD 1208.4 million by 2031, growing at a CAGR of 4.8% during the forecast period (2024-2031).
Oxidized polyethylene wax market is expected to increase in the forecast period due to its usage of the product in applications such as coatings, hot melt adhesives, plastics, rubber processing, and printing. Oxidized Polyethylene Wax is used as an ingredient in manufacturing processes of various textile, leather, and cosmetics products. The increasing demand for oxidised polyethylene wax is due to their Good water repellency, non-toxicity, and outstanding chemical resistance property, which creates demand for oxidised polyethylene wax in forecast period.
Rapidly growing personal care & cosmetics, inks & coatings, and adhesives sectors are contributing to the market growth. Candles and decorative products and also expansion of the plastic & rubber processing sector, is expected to increase industry growth in forecast period. Shoe assembling infant diapers, furniture making, and bundling, these products are creating demand for dissolved glues and which will propel the growth of the oxidized polyethylene wax market in upcoming years.
US Oxidised Polyethylene Wax Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Polymerization
Fastest Growth
Polymerization
Growth Rate
4.8% CAGR
Global Oxidised Polyethylene Wax Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Oxidised Polyethylene Wax Market Segmental Analysis
Oxidised polyethylene wax market is segmented based on the Process, type, application, and region. Based on the process, the Oxidised Polyethylene Wax Market is segmented into Polymerization, Modification, Thermal cracking. Based on the type, the Oxidised Polyethylene Wax Market has been segmented into Low Density Polyethylene Wax, High Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax. Based on the application, the Oxidised Polyethylene Wax Market has been segmented into Plastic Processing, Hot-melt Adhesive, Ink & Coating. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Oxidised Polyethylene Wax Market Analysis by Type
The high density product segment dominated the market with a share of 52.1% in 2021. High Density Polyethylene Wax is used in oil paint and printing ink, to make printing work look glossy and to improve the surface finish. Due to its properties, such as color and chemical resistance, low viscosity, good hardness, and high softening point, the oxidised polyethylene wax is used in plastics, rubber processing, and the adhesive industry.
The low density Oxidized Polyethylene Wax is used for lubricant in plastic processing. Low density Oxidized Polyethylene Wax have various uses like dispersing agents, surface modifiers in printing inks, and as toners and processing aids in many more industries.
Oxidised Polyethylene Wax Market Analysis by Application
Plastic processing will dominate the market due to its strength, cost-effectiveness, durability, lightweight, ease of handling and its helpful application in agriculture, domestic and industrial sectors.
The printing ink is expected to be the fastest growing application segment with a CAGR of 4.72% over the forecast period. The printing ink is in developed demand due to its use in packaging print products. Oxidised polyethylene wax provides anti slip and anti scuff properties in the water-based printing process.
Global Oxidised Polyethylene Wax Market By Location Type, 2021 (%)
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Oxidised Polyethylene Wax Market Regional Insights
North America will dominate the oxidized polyethylene wax market in 2021, due to the rise in the plastics industry. Plastics, rubbers, and printing inks which will increase demand for the Oxidized Polyethylene wax product. The U.S. led the North American regional market with a largest share of 25% in 2021.
Asia Pacific is the fastest growing region for the oxidized polyethylene wax market due to the rise in the need for plastic compounds from packaging material manufacturers, automobile component manufacturers and bottle producers. These factors are influencing the market growth of Oxidized Polyethylene wax in forecast period.
Global Oxidised Polyethylene Wax Market By Geography, 2021-2028
- Largest
- Fastest
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Oxidised Polyethylene Wax Market Dynamics
Oxidised Polyethylene Wax Market Drivers
Growing Use in Paints to Bolster Market Growth
- Oxidised polyethylene wax is used in the manufacturing of paints for its properties and its application as coating on fruits and various products which drives the market growth of Oxidized Polyethylene Wax market.
Oxidised Polyethylene Wax Market Restraints
Harmful Chemical Content to Hinder Market Growth
- Oxidised polyethylene wax, synthetic derivatives produce harmful chemicals after disposal of its waste, which will hinder the market growth. Also the polyethylene wax market is disrupted by fluctuating crude oil and petroleum prices, and the volatility of raw material hinder the market growth.
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Oxidised Polyethylene Wax Market Competitive Landscape
The market for oxidised polyethylene wax is very competitive and dispersed. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions.
Oxidised Polyethylene Wax Market Top Player's Company Profiles
- BASF SE
- The Lubrizol Corporation
- Clariant AG
- SCG Chemicals Co., Ltd.
- Mitsui Chemicals, Inc.
- TRECORA Resources
- Nanjing Tianshi New Material Technologies Co., Ltd.
- Westlake Chemical Corporation
- Deurex AG
- Qingdao Bouni Chemical Co., Ltd.
- SQI Group
- Lion Chemtech Co., Ltd.
- Euroceras Sp. z o.o.
- Qingdao Sainuo Chemical Co., Ltd.
- Zellwax SA
- Hase Petroleum Wax Co. Ltd.
- JX Nippon Oil & Energy Corporation
- Coschem Co., Ltd.
- Darent Wax Co., Ltd.
- SCG Performance Chemicals Co., Ltd.
Oxidised Polyethylene Wax Market Recent Developments
- In March 2022,According to a new study, however, the use of wax-coated sand may be a cheaper and greener way to go.
Oxidised Polyethylene Wax Key Market Trends
- The increasing awareness about good quality packaging for food will help to increase the growth of Oxidized Polyethylene Wax market in forecast period. Also the use of wax in printing ink creates a demand for oxidised polyethylene wax because Polyethylene wax is used as an additive in the ink. Customers are purchasing those products with wax coating because they protect products from various harmful chemicals. That factor influences the market growth.
Oxidised Polyethylene Wax Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Oxidised polyethylene wax market analysis, The increasing demand for oxidized polyethylene wax is due to wax is used in various plastic processing industries and that will create demand for oxidised polyethylene wax. Market of Oxidized polyethylene wax is dominated by high density product in terms of type. Also regionaly market fastest growth found in Asia Pacific region which will increase demand for oxidised polyethylene wax in forecast period. Oxidised polyethylene wax is more used in plastic processing industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 792.43 million |
| Market size value in 2031 | USD 1208.4 million |
| Growth Rate | 4.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Oxidised Polyethylene Wax Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Oxidised Polyethylene Wax Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Oxidised Polyethylene Wax Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Oxidised Polyethylene Wax Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Oxidised Polyethylene Wax Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Oxidised Polyethylene Wax Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Oxidised Polyethylene Wax Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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