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Polyethylene Wax Market Share

Report ID: GMI2206
Published Date: Sep 2024
Report Format: PDF

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Polyethylene Wax Market Share

The polyethylene wax industry is experiencing heightened demand driven by innovative company efforts to introduce sustainable products. For instance, Braskem’s launch of the world’s first renewable-source polyethylene (PE) wax exemplifies the industry’s shift towards eco-friendly solutions.

This renewable PE wax maintains the same performance characteristics as its fossil-based counterparts, catering to diverse applications such as adhesives, cosmetics, coatings, and compounds. Companies are increasingly focusing on developing products that align with environmental sustainability goals while meeting industry standards. This commitment to sustainability and innovation is fueling growth in the market as businesses seek to reduce their carbon footprint and appeal to environmentally conscious consumers.

Polyethylene Wax Market Companies

Various industry players associated with the market are:

Arya Chem Inc
BASF
The Lubrizol Corporation
Honeywell International Inc
Savita, etc.
The International Group, Inc
Clariant AG
Mitsui Chemicals America
SCG Chemicals
Micro Powders
Kerax Limited
Synergy Additives
Westlake Chemical Corporation
Innospec Inc
WIWAX

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global market size for polyethylene wax recorded USD 1 billion in 2023 and will record a 5.1% CAGR from 2023 to 2032, driven by increasing demand across multiple industries, and expansion of polymer production facilities.

The powder polyethylene wax segment reached over USD 562.5 million in 2023 and is expected to surpass USD 891.5 million by 2032, as it is favored in applications requiring precise dosing and uniform distribution, such as in coatings, adhesives, and inks.

Asia Pacific polyethylene wax market reached over USD 338.3 million in 2023 and is expected to reach USD 560.7 million by 2032, due to rapid industrialization, coupled with the expanding manufacturing sectors in countries like China, India, and Japan.

Honeywell International Inc, Savita, The International Group, Inc, Clariant AG, Mitsui Chemicals America, SCG Chemicals, Micro Powders, Kerax Limited, Synergy Additives, and Westlake Chemical Corporation among others.