Global Polyethylene Wax Market: Key Highlights
Global Polyethylene Wax Market: Key Market Dynamics
Global Polyethylene Wax Market: Regional Overview
North America accounted for the largest market share in 2018 due to the high demand from major end-use industries. The presence of a large manufacturing base in the US is the prime driver of the market. However, the imposition of stringent regulations for the use of petroleum products is expected to have a negative impact on market growth.
Asia-Pacific emerged as the fastest-growing region for this market, mainly driven by the expanding end-use industries. Rapid industrialization and urbanization in emerging economies such as India, Thailand, Vietnam, and Malaysia is expected to fuel the market growth during the review period.
Global Polyethylene Wax Market: Key Players Overview
Clariant is a leading specialty chemical company and operates its business through care chemicals, natural resources, and catalysis. In October 2019, Clariant launched 11 new bio-based additives and 2 new natural-based waxes and dispersing agents for engineering plastics and biopolymers, i.e., Licocare RBW 360 TP Vita and Ceridust 1060 Vita.
20 Microns Nano Minerals Ltd is a manufacturing company for wax, micronized wax, organoclay, attapulgite, bentonite, and others. In February 2018, the company announced the plans to set up a new manufacturing facility in Gujrat, India.
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