Rapid shale gas development in North America has provided new avenues for producing ethylene, which has benefited production. Increasing PE wax demand across printing inks and adhesives industry is also expected to support the market growth. Volatile prices of polyethylene are expected to impact the profitability of key producers.
The Global Polyethylene Wax Market is expected to reach USD 2.37 billion by 2022, according to a new report by Grand View Research, Inc.
Polymerization was the leading technology segment and accounted for over 50% of total market volume in 2014. The technology is primarily used for high density polymerized and low density polymerized PE wax. On account of developing demand for specialized and customized wax, modification technology is expected to witness significant gain in its size over the next seven years.
High density polymerized wax was the leading product segment and accounted for 40% of total market volume in 2014. Increasing penetration of high density polymerized wax across printing inks, textile, food packaging, cosmetics and adhesives is expected to drive this segment.
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Masterbatches were the most dominant application segment with demand share estimated at over 20% in 2014. Printing inks is expected to witness the fastest growth of 8.7% from 2015 to 2022 on account of technological innovations in the industry.
Top Players of Polyethylene Wax Market:
Key industry participants include Marcus Oil & Chemicals Private Ltd, Merco Wax Company, Innospec Inc., Hase Petroleum Wax Co., Young's, Sanyo Chemical, SCG Chemicals, Synergy Additives, GMT, Lion Chemtech and Coschem.
Market Segmentation of Polyethylene Wax Market:
The Global Polyethylene Wax Market segmented on the basis of Technology, Product, and Application.
By Technology:
Polymerization
Modification
Thermal Cracking
By Product:
High Density Polymerized PE Wax
Low Density Polymerized PE Wax
Oxidized PE Wax
Acid-Modified PE Wax
Low-Density Cracked PE Wax
By Application:
Printing Inks
Adhesives
Masterbatches
Plastics
Rubber
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