The Global Polyethylene Wax Market is expected to register a CAGR of around 5%, reaching a value of more than USD 1,100 million by the end of 2027.
Polyethylene wax is an ultra-low molecular weight polyethylene consisting of ethylene monomer chains. PE Wax is available from on-purpose production and as a byproduct of polyethylene production. PE wax can be made by direct polymerization of ethylene under special conditions that control molecular weight.
PE wax exhibits superior properties such as high melting point, low viscosity, lubrication, and excellent thermal stability and chemical resistance.
Market Driver:
Polyethylene wax acts as an activator and dispersing material for polyethylene, ABS resins, polypropylene, etc. It is added to hydrocarbon waxes for increasing their melting points. PE wax is widely used in the textiles industry as stable softeners as they not yellow the white fabrics and does not change the color of printing and dyeing.
It has a low molecular weight and is used in combination with petroleum waxes in the food packaging industry. It is also used in the coating sector owing to its properties such as scratch resistance, rub resistance, water repellency, and improved slip.
Moreover, PE wax is used as a mold release agent in the plastic industry as it increases the productivity level while preventing pollution and enables the molding of complex shapes.
Emulsifiable and non-emulsifiable are two grades available for PE wax. Between these two, the emulsifiable PE wax is widely used as a processing chemical in textile finishing, cosmetics, polishes, paper coating, leather auxiliaries, adhesives, crayons, packing, and various others while the non-emulsifiable PE wax is used as lubricants for plastics and elastomers, carriers for pigment concentrates, and in paints and printing ink industry.
Market Restraint:
Raw materials for manufacturing polyethylene wax include polyethylene resin, polyethylene waste plastic, and polypropylene. These are petroleum-based products, the supply-demand gap of which results in volatile raw material prices.
Furthermore, environmental regulations on the production of petroleum-based products such as the Clean Air Act, Clean Water Act, etc. is a key factor that hampers the market growth.
Therefore, volatility in raw materials cost is a key restraining factor to the market growth.
The report on the polyethylene wax market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Type, Form, Grade, Production Process, and Application |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Polyethylene Wax Market, by Type
Polyethylene Wax Market, by Form
Polyethylene Wax Market, by Grade
Polyethylene Wax Market, by Production Process
Polyethylene Wax Market, by Application
Polyethylene Wax Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE POLYETHYLENE WAX MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY