According to The Insight Partners’ Latest Study on “Polyethylene Wax Market Forecast to 2028″ Focuses Covid-19 Impact and Global Analysis – by Process (Polymerization, Modification, Thermal Cracking); Type (High-Density Polyethylene (HDPE) Wax,, Oxidized Polyethylene Wax, Others); Application (Plastic Processing, Hot-Melt Adhesive, Ink and Coating Industry, Others) and Geography
Polyethylene wax, also known as polyethylene homopolymer wax, is a synthetic wax manufactured by three major processes such as polymerization, thermal degradation, and synthesis. It is used as a dispersant, slip agent, resin modifier, and mold release agent due to its molecular structure, which enables it to outperform natural waxes. Polyethylene waxes offer a lot of benefits like using it as a processing agent and enhancing surface properties. Due to its releasability, which increases productivity, enables the molding of complex shapes, and prevents pollution, polyethylene wax can be used as a mold release agent for plastics. Polyethylene wax is a fully saturated homopolymer of ethylene having linearity and a high degree of crystallization.
The polyethylene wax market is anticipated to grow in the forecast period owing to improvements in the quality of polyethylene wax coupled with the rise in growing end-use applications of polyethylene wax. The elevating product demand from printing inks boosted the growth of the polyethylene wax market. However, volatility in raw material prices, restrict the growth of the polyethylene wax market. On the other hand, increased use of polyethylene wax in plastic processing and hot-melt adhesives in road marking application is likely to showcase growth opportunities for the polyethylene wax market during the forecast period.
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MARKET SCOPE
“Global Polyethylene Wax Market Analysis to 2028” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of polyethylene wax market with detailed market segmentation by process, type, application, and geography. The global polyethylene wax market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyethylene wax market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyethylene wax market is segmented on the basis of process, type and application. Based on process, the market is segmented as polymerization, modification and thermal cracking. On the basis of type, the market is segmented as high-density polyethylene (HDPE) wax, low-density polyethylene (LDPE) wax, oxidised polyetylene wax and others. On the basis of the application, the market is segmented as plastic processing, hot-melt adhesive, ink & coating industry and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyethylene wax market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The polyethylene wax market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting polyethylene wax market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the polyethylene wax market in these regions.
MARKET PLAYERS
The report also includes the profiles of key polyethylene wax companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- BASF
- Clariant
- Euroceras
- Honeywell International
- Innospec Inc.
- Mitsui Chemicals
- SCG Group
- The Lubrizol Corporation
- Trecora Resources
- Westlake Chemical Corporation
Impacts of Covid-19 on the Polyethylene Wax Market:
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Polyethylene Wax Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of COVID -19 Situation.
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