Polyethylene Wax Market growth outlook withm

Snehal
Snehal 11/19/2019 9:30:33 AM

Polyethylene
Wax Market growth outlook with industry review and forecast 2019-2024


Global Market Insights, Inc. has recently added a report on
Polyethylene Wax Market which
provides a succinct analysis of the market size, revenue forecast, and the
regional landscape of this industry. The report also highlights the major
challenges and current growth strategies adopted by the prominent companies that
are a part of the dynamic competitive spectrum of this business sphere.

Asia Pacific region is expected to lead
the PE wax market by 2024, with a massive share over 30%. Robust growth in the
regional automotive sector, plastic industry and the infrastructural activities
portray high growth potential for the product in the region in the coming
years. Higher demand for PE wax is expected from China & India particularly
for the candles usage in festive seasons.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2206  

Polyethylene Wax Market is likely to
surpass USD 370 million; as projected by a new research report. Global PE wax
market is certain to be driven by the rising demand from coatings industry in
the next 7 years. The coatings industry will cross USD 150 billion by 2024,
with a strong potential for PE wax coating blend in furniture, textiles, wood
products, plastic products, containerboards, metals, automotive and
electronics.

Product blending with coating material
results in improved chemical & thermal resistance, friction coefficient,
thermal stability, electrical insulation, gloss and rheology. Robust growth in
construction, automotive and electronics industries will propel the product
demand over the forecast period.

Growing PE wax applications as a resin
modifier, mold releasing agent, dispersant and slip agent in plastic processing
will hold substantial potential for industry growth by 2024. Escalating growth
trends in global plastic industry for the widespread applications will boost
polyethylene wax market The product will also witness strong demand in
formulation of printing inks for enhancing its gloss and friction coefficient.

Demand for printing inks in promotional
catalogues, newspapers, brochures and banners will have positive influence on
PE wax market by 2024. Also, modern packaging trends from several end-use
industries including: pharmaceutical, food & beverage, electronic gadgets,
textile, among others will also support the product growth.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/polyethylene-wax-market  

Polyethylene wax market will be subjected
to pricing fluctuations of crude oil in the near future, as ethylene being a
chief raw material. The market will witness significant threat of substitution
by Fischer-Tropsch (FT) wax, with its rising usage in adhesives & printing
inks.

PE wax in powder form had been most
prominent in 2016 and will feature the similar trend with a market share over
40% by 2024. Powdered form of product tends to exhibit various unique
characteristics such as: better viscosity modification, high scratch
resistance, enhanced anti-sticking in the PVC melts, etc.

Plastic additives & lubricants segment
had significant share in global PE wax market in 2016 and is expected to rise
with gains over 3% CAGR by 2024. Polyethylene wax market will have a
significant demand as a lubricant in PVC extrusion, in the future years.
Product usage marks better molding complexity, abrasion & chemical resistance.

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@
https://www.gminsights.com/inquiry-before-buying/2206  

PE wax market exhibited trends of
consolidation in 2016 since the key industry participants held above 50% share.
Key manufacturers are: BASF SE, Honeywell International, Clariant AG, Synergy
Additives, Innospec Inc, Arya Chem, Mitsui Chemicals, SCG Chemicals, WIWAX,
Micro Powders, Lubrizol Corporation, Kerax Limited and Westlake Chemical.

About Global Market Insights:

Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.

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