Report Description

Global Polyethylene Wax Market is projected to grow at an impressive rate through 2028 due to increasing demand from the packaging industry. China's overall production of plastic products amounted to 80 million metric tons in 2021.

Polyethylene wax refers to synthetic wax. It is a high molecular weight polyethylene made from chains of the ethylene monomer. There are various ways to make polyethylene wax, including by polymerizing ethylene. Due to its characteristics, including formulation flexibility, low melt viscosity, strong heat resistance, thermal stability, and a controlled molecular weight, it is applied in the plastic production process. Candles, rubber adhesives, plastic additives, lubricants, and cosmetics employ polyethylene wax. Additionally, it applies coatings, bonds, and printing inks. Consequently, the global polyethylene wax market is experiencing profitable growth due to rising product demand.

Polyethylene (PE) wax is a blend of non-polar polymers used in a variety of industrial applications. It has waxy qualities and contains hydrocarbons with a C20 to C50 or greater molecular weight. PE waxes are significant materials that can be produced in several ways, including low-molecular-weight polyethylene fraction separation from high-molecular-weight polyethylene fractions and direct polymerization of ethylene under specific conditions.

PE waxes are commercially employed in several plastic/polymer processing applications because of their distinctive physicochemical characteristics, such as high crystallinity and linearity, limited solubility in solvents, hardness at high temperatures, and the capacity to thicken oil. Polyethylene (PE) wax is a common addition used to provide lubrication in lubricating oils and coatings. It increases the lubricity and control set/softening point of hot melt adhesives. In many formulations, they act as lubricants and/or as physical modifiers, altering viscosity and/or melting points. They are also employed to alter chemical properties like viscosity, temperature, gloss, and fusion rate.

Analytical techniques such as FTIR, SEM/EDX, XRD, DSC, and TGA have shown that the commercial PE wax samples possessed characteristics that were similar to those of typical commercial PE wax samples used in a variety of industrial applications. Making candles, adding external lubricants to thermoset and thermoplastic extrusions and other polymers, preparing pigment masterbatches, and creating water-repellent hydrophobic surfaces, which are essential to prevent moisture absorption to be able to speed up the degradation process, particularly in the carpet industry, are a few examples.

Manufacturers are now using metallocene, a polymerization process, to produce HDPE and LDPE because it offers enhanced and improved performance. This is anticipated to support the market expansion of polymerization technology for PE wax. Manufacturing of co-polymers, oxidized, acid-modified, and unique monomers uses modification technology. The technological share is anticipated to expand during the projection period because of the rapid demand for acid-modified and oxidized products.

Growing Demand from The Construction Industry

According to the United Nations, the world's population reached 8 billion on November 15, 2022. Hence, there is promising demand in the construction industry to meet the demand for urban and rural homes. The market for polyethylene wax is anticipated to be driven by the expanding construction industry. Because it gives a good level of water repellency, enhances texture, has anti-settling qualities, and offers abrasion resistance, polyethylene wax is used in paints and coatings. Emulsions made from polyethylene wax improve texture and prevent color fading. The printing industry is another significant consumer of polyethylene wax, which it is used as a surface coating material to provide gloss, smoothness, and water resistance to the printed materials. The increasing demand for high-quality printing inks and coatings is driving the growth of the market.


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Increasing Demand from Packaging Industry

The packaging industry is one of the largest consumers of polyethylene wax, as it is used in the production of various types of packaging materials, such as films, bags, and sheets. The growing demand for packaged food and beverages, personal care products, and pharmaceuticals is expected to boost the demand for polyethylene wax in the packaging industry. According to China's National Development and Reform Commission, domestic garment, and knitwear sales for the first 11 months of 2019 were roughly USD 172.4 billion, up about 3% over the same time in 2018. Increased demand for FMCGs, pharmaceutical supplies, and other consumer durables has increased the need for packaging. These factors, together with growing urban populations, are to blame for the increase in packaging requirements. According to the Flexible Packaging Association, more than 60% of the market comprises flexible packaging for food. The demand for flexible packaging is growing swiftly because it has the potential to offer novel solutions to many packaging issues. IBEF further notes that the food processing industry, which accounts for 32% of India's total food market and ranks fifth in production, consumption, and exports, is one of the country's most important industries, with 70% of revenues coming from retail.

Growing Technological Advancement

Due to the rising demand from numerous sectors, several aggressive market players are concentrating on raising polyethylene wax output, assisting in the market's expansion. Market participants compete to maintain an edge over rivals. To investigate cutting-edge methods for manufacturing polyethylene wax, scientists from industrialized nations are expanding their research activities in polymer science. Technological advancements are accelerating the growth of the polyethylene wax market. Market expansion is accelerating across Asia, particularly in China and India. The market is expected to develop due to the surge in demand for affordable polyethylene wax. The automotive industry is also a significant consumer of polyethylene wax, which it is used in the production of coatings and polishes to provide protection and shine to car surfaces. The growing demand for automobiles in emerging economies is expected to boost the demand for polyethylene wax in the automotive industry.

Recent Developments

  • In 2018, Clariant, a leading player in the polyethylene wax market, announced the expansion of its production capacity for waxes at its site in China. The expansion was aimed at meeting the growing demand for waxes in the Asia-Pacific region.
  • In 2019, China produced approximately 25% of the world's total plastic manufacturing, or 75 million tonnes. Due to its durability and lightweight, plastic is mostly employed in the packaging business. The demand for plastics, which makes up around 30% of all plastics used, is anticipated to rise as the e-commerce business expands. The market for polyethylene wax is anticipated to be driven by the expanding plastics industry.

Product Launch

  • In 2019, BASF SE introduced a new product in the polyethylene wax market, called Luwax A. This product is designed to provide excellent slip properties to polymer materials, making it suitable for use in various applications, including films, coatings, and adhesives.
  • In 2018, Mitsui Chemicals, a leading player in the polyethylene wax market, launched a new product called Tafmer XM-7070E. This product is a functionalized polyethylene wax that is designed to provide excellent lubrication and slip properties to various polymer materials, making it suitable for use in a wide range of applications, including films, coatings, and adhesives.

Market Segmentation

The global Polyethylene Wax market is segmented by type, process, and application. Based on type, the market is divided into HDPE Wax, LDPE Wax, Oxidized Polyethylene Wax, and Others. Based on the process, the market is segmented into Polymerization, Modification, and Thermal Cracking. Based on application, the market is segmented into Plastic Processing, Hot-Melt Adhesive, Ink & Coating Industry, and Others.

Market players

BASF SE, Innospec Inc, SCG Chemicals Public Company Limited, Mitsui Chemicals, SABIC, LyondellBasell Industries N.V., Trecora Resources, Honeywell International Inc., The Lubrizol Corporation, and Westlake Chemical Corporation are some of the key market players.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Process

Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Canada, Mexico; China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South Africa, UAE, Saudi Arabia, Turkey, and Egypt.

Key companies profiled

BASF SE, Innospec Inc, SCG Chemicals Public Company Limited, Mitsui Chemicals, SABIC, LyondellBasell Industries N.V., Trecora Resources, Honeywell International Inc., The Lubrizol Corporation, and Westlake Chemical Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Global Polyethylene Wax Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Polyethylene Wax market, by type:
    • HDPE Wax
    • LDPE Wax
    • Oxidized Polyethylene Wax
    • Others
  • Global Polyethylene Wax market, by process:
    • Polymerization, Modification
    •  Thermal Cracking
  • Global Polyethylene Wax market, by application:
    • Plastic Processing
    • Hot-Melt Adhesive
    • Ink & Coating Industry
    • Others
  • Global Polyethylene Wax Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • South America
      • Brazil
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies in Global Polyethylene Wax Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Polyethylene Wax Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    Global Polyethylene Wax Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Type (HDPE Wax, LDPE Wax, Oxidized Polyethylene Wax and Others)

5.2.2.     By Process (Polymerization, Modification and Thermal Cracking)

5.2.3.    By Application (Plastic Processing, Hot-Melt Adhesive, Ink & Coating Industry and Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.     By Company (2022)

5.3.  Market Map

5.3.1.     By Type

5.3.2.     By Process

5.3.3.     By Application

5.3.4.     By Region

5.4.  Pricing Analysis

6.    North America Polyethylene Wax Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Process

6.2.3.     By Application

6.2.4.     By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.     United States Polyethylene Wax Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Type

6.4.1.2.2.             By Process

6.4.1.2.3.             By Application

6.4.2.     Mexico Polyethylene Wax Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Type

6.4.2.2.2.             By Process

6.4.2.2.3.             By Application

6.4.3.     Canada Polyethylene Wax Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Type

6.4.3.2.2.             By Process

6.4.3.2.3.             By Application

7.    Europe Polyethylene Wax Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Process

7.2.3.     By Application

7.2.4.     By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.     France Polyethylene Wax Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Type

7.4.1.2.2.             By Process

7.4.1.2.3.             By Application

7.4.2.     Germany Polyethylene Wax Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Type

7.4.2.2.2.             By Process

7.4.2.2.3.             By Application

7.4.3.     United Kingdom Polyethylene Wax Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Type

7.4.3.2.2.             By Process

7.4.3.2.3.             By Application

7.4.4.     Italy Polyethylene Wax Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Type

7.4.4.2.2.             By Process

7.4.4.2.3.             By Application

7.4.5.     Spain Polyethylene Wax Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Type

7.4.5.2.2.             By Process

7.4.5.2.3.             By Application

8.    Asia-Pacific Polyethylene Wax Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Process

8.2.3.     By Application

8.2.4.     By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Polyethylene Wax Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Process

8.4.1.2.3.             By Application

8.4.2.     India Polyethylene Wax Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Process

8.4.2.2.3.             By Application

8.4.3.     Japan Polyethylene Wax Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Process

8.4.3.2.3.             By Application

8.4.4.     South Korea Polyethylene Wax Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Process

8.4.4.2.3.             By Application

8.4.5.     Australia Polyethylene Wax Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Process

8.4.5.2.3.             By Application

9.    South America Polyethylene Wax Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Process

9.2.3.     By Application

9.2.4.     By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil Polyethylene Wax Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Process

9.4.1.2.3.             By Application

10.  Middle East and Africa Polyethylene Wax Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Process

10.2.3.  By Application

10.2.4.  By Country

10.3.              Pricing Analysis

10.4.              MEA: Country Analysis

10.4.1.  South Africa Polyethylene Wax Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           By Process

10.4.1.2.3.           By Application

10.4.2.  Saudi Arabia Polyethylene Wax Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By Process

10.4.2.2.3.           By Application

10.4.3.  UAE Polyethylene Wax Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Type

10.4.3.2.2.           By Process

10.4.3.2.3.           By Application

10.4.4.  Turkey Polyethylene Wax Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Type

10.4.4.2.2.           By Process

10.4.4.2.3.           By Application

10.4.5.  Egypt Polyethylene Wax Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value & Volume

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Type

10.4.5.2.2.           By Process

10.4.5.2.3.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges       

12.  Market Trends & Developments

12.1.              Merger & Acquisition

12.2.              Product Launches

12.3.              Recent Developments

13.  Porters Five Forces Analysis

13.1.              Competition in the Industry

13.2.              Potential of New Entrants

13.3.              Power of Suppliers

13.4.              Power of Customers

13.5.              Threat of Substitute Products

14.  Competitive Landscape

14.1.              Business Overview

14.2.              Company Snapshot

14.3.              Products & Services

14.4.              Financials (In case of listed companies)

14.5.              Recent Developments

14.6.              SWOT Analysis

14.6.1.  BASF SE

14.6.2.  Innospec Inc

14.6.3.  SCG Chemicals Public Company Limited

14.6.4.  Mitsui Chemicals

14.6.5.  LyondellBasell Industries N.V.

14.6.6.  Trecora Resources

14.6.7.  Honeywell International Inc.

14.6.8.     The Lubrizol Corporation

14.6.9.     Westlake Chemical Corporation

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Applications of polyethylene wax are Plastic Processing, Hot-Melt Adhesive, Ink & Coating Industry, and Others.

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BASF SE, Innospec Inc, SCG Chemicals Public Company Limited, Mitsui Chemicals, SABIC, LyondellBasell Industries N.V., Trecora Resources, Honeywell International Inc., The Lubrizol Corporation, and Westlake Chemical Corporation are the key players operating in the global polyethylene wax market.

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Packaging is expected to capture the highest market share in the forecast period.

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The Asia Pacific is dominating the market and is expected to maintain its dominance over the next five years.