Global Polyethylene Homopolymer Waxes Market By Type (High Density Polyethylene Wax, Low Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax, Acid-Modified Polyethylene Wax, Others), End- Use Industry (Plastic Industries, Paint Industries, Textile Industries, Printing Inks, Pulp & Paper Industries, Other), Applications (Plastic, Paints, Packaging, Others )
Market Definition: Global Polyethylene Homopolymer Waxes Market
Polyethylene wax is a low atomic weight polyethylene homopolymer wax, connected as a predictable element for end formulation to better appearance and high warm properties for a wide scope of businesses such as plastic, paints and others. The polyethylene wax has high level of crystallinity on account of the property of usage in hydrocarbon waxes for relaxing. The assessment of this wax finds its application in the preparation of crucial compound such as beautifiers, concretes, paper covering and others.
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Market Drivers:
• Increasing demand of polyethylene waxes in textile industry, paper coating, packaging and adhesives will propel the market growth
• Low molecular weight boosts up its demand in food packaging industries which is driving the growth of the market
• Increase demand of polyethylene waxes in household sector such as cosmetics, home decors and others is fuelling the market growth
• Low production cost will boost up the market for polyethylene waxes
Competitive Analysis:
Global polyethylene homopolymer waxes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyethylene homopolymer waxes market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Market Analysis: Global Polyethylene Homopolymer Waxes Market
Global polyethylene homopolymer waxes market is expected to rise to an estimated value of USD 1.47 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. . The growth of this market can be attributed to the growing demand of polyethylene waxes in paper and textile industries in developed countries such as China and USA.
Market Restraints:
• Stringent environmental rules and regulations of using plastic items can hamper the market growth
• Stickiness of the plastic can restrain the growth of the market
• High contamination of PET will hinder the market growth in the forecast period
Segmentation: Global Polyethylene Homopolymer Waxes Market
By Type
o High Density Polyethylene Wax
o Low Density Polyethylene Wax
o Oxidized Polyethylene Wax
o Micronized Polyethylene Wax
o Acid-Modified Polyethylene
o Others
By End- Use Industry
o Plastic Industries
o Paint Industries
o Textile Industries
o Printing Inks
o Pulp & Paper Industries
o Others
By Applications
o Plastic
o Paints
o Packaging
o Others
Key Developments in the Market:
• In July 2018, The Central Asian state of Azerbaijan announced the launch of their first polypropylene production with the inauguration of SOCAR Polymer's 184,000tpa plant. The main aim for the launch is to give a powerful boost to the country's export potential along with expanding the growth of non-oil market of Azrbaijan
• In May 2017, Orpic’s Plant launched a new product in the market for thermoforming applications which is a transparent material used in various sectors such as in food packaging, automotive industries and others. The main aim for the launch is to expand their product portfolio along with providing low economical and versatile polyethylene to the consumers which will increase its market share in future
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