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Polyethylene Wax Market Trends

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

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Polyethylene Wax Market Trends

The market is set to witness robust growth through 2032, with notable trends, including the shift towards bio-based polyethylene wax. As environmental concerns and regulations around plastic use intensify, the industry is moving towards more sustainable alternatives. Bio-based polyethylene wax, derived from renewable sources, is gaining traction as a greener option, providing the same performance benefits while reducing environmental impact.

Furthermore, advancements in polymer technology are leading to the development of new forms of polyethylene wax that offer enhanced properties, such as improved hardness and melting point, catering to specific industrial needs. These innovations are expected to drive the adoption of polyethylene wax in various applications, supporting market growth.

For instance, in June 2021, Braskem introduced the world's first polyethylene (PE) wax sourced from renewable materials. This innovative product, utilized in adhesives, coatings, cosmetics, and compounds, serves as a viscosity-modifying agent in various formulations. It matches the properties and performance of traditional PE wax derived from fossil fuels.

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.