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

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.