USD 731.3 million
Report ID:
SQMIG15E2164 |
Region:
Global |
Published Date: March, 2025
Pages:
184
|Tables:
91
|Figures:
77
Oxidised Polyethylene Wax Market size was valued at USD 731.3 million in 2023 and is poised to grow from USD 775.91 million in 2024 to USD 1246.05 million by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
Oxidized polyethylene wax market is expected to increase in the forecast period due to its usage of the product in applications such as coatings, hot melt adhesives, plastics, rubber processing, and printing. Oxidized Polyethylene Wax is used as an ingredient in manufacturing processes of various textile, leather, and cosmetics products. The increasing demand for oxidised polyethylene wax is due to their Good water repellency, non-toxicity, and outstanding chemical resistance property, which creates demand for oxidised polyethylene wax in forecast period.
Rapidly growing personal care & cosmetics, inks & coatings, and adhesives sectors are contributing to the market growth. Candles and decorative products and also expansion of the plastic & rubber processing sector, is expected to increase industry growth in forecast period. Shoe assembling infant diapers, furniture making, and bundling, these products are creating demand for dissolved glues and which will propel the growth of the oxidized polyethylene wax market in upcoming years.
US Oxidised Polyethylene Wax Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 731.3 million
Largest Segment
Polymerization
Fastest Growth
Polymerization
Growth Rate
6.1% CAGR
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Global Oxidised Polyethylene Wax Market is segmented by Product, Grade, Form, Application, End-Use Industry and region. Based on Product, the market is segmented into High-Density Oxidized PE Wax and Low-Density Oxidized PE Wax. Based on Grade, the market is segmented into Standard, Premium and Specialty. Based on Form, the market is segmented into Solid and Liquid. Based on Application, the market is segmented into Plastic Processing, Paints & Coatings, Printing Inks, Textiles, Rubber Processing, Metals Processing, Adhesives, Candles, Food and Others. Based on End-Use Industry, the market is segmented into Automotive, Electrical and Electronics, Construction, Packaging, Pharmaceuticals and Food and Beverage. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The high density product segment dominated the market with a share of 52.1% in 2021. High Density Polyethylene Wax is used in oil paint and printing ink, to make printing work look glossy and to improve the surface finish. Due to its properties, such as color and chemical resistance, low viscosity, good hardness, and high softening point, the oxidised polyethylene wax is used in plastics, rubber processing, and the adhesive industry.
The low density Oxidized Polyethylene Wax is used for lubricant in plastic processing. Low density Oxidized Polyethylene Wax have various uses like dispersing agents, surface modifiers in printing inks, and as toners and processing aids in many more industries.
Plastic processing will dominate the market due to its strength, cost-effectiveness, durability, lightweight, ease of handling and its helpful application in agriculture, domestic and industrial sectors.
The printing ink is expected to be the fastest growing application segment with a CAGR of 4.72% over the forecast period. The printing ink is in developed demand due to its use in packaging print products. Oxidised polyethylene wax provides anti slip and anti scuff properties in the water-based printing process.
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North America will dominate the oxidized polyethylene wax market in 2021, due to the rise in the plastics industry. Plastics, rubbers, and printing inks which will increase demand for the Oxidized Polyethylene wax product. The U.S. led the North American regional market with a largest share of 25% in 2021.
Asia Pacific is the fastest growing region for the oxidized polyethylene wax market due to the rise in the need for plastic compounds from packaging material manufacturers, automobile component manufacturers and bottle producers. These factors are influencing the market growth of Oxidized Polyethylene wax in forecast period.
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Growing Use in Paints to Bolster Market Growth
Harmful Chemical Content to Hinder Market Growth
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The market for oxidised polyethylene wax is very competitive and dispersed. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Oxidised polyethylene wax market analysis, The increasing demand for oxidized polyethylene wax is due to wax is used in various plastic processing industries and that will create demand for oxidised polyethylene wax. Market of Oxidized polyethylene wax is dominated by high density product in terms of type. Also regionaly market fastest growth found in Asia Pacific region which will increase demand for oxidised polyethylene wax in forecast period. Oxidised polyethylene wax is more used in plastic processing industries.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 731.3 million |
Market size value in 2032 | USD 1246.05 million |
Growth Rate | 6.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Oxidised Polyethylene Wax Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Oxidised Polyethylene Wax Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Oxidised Polyethylene Wax Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Oxidised Polyethylene Wax Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Oxidised Polyethylene Wax Market size was valued at USD 830.47 Million in 2023 and is poised to grow from USD 870.33 Million in 2024 to USD 1266.4 Million by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
The market for oxidised polyethylene wax is very competitive and dispersed. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions. 'BASF SE', 'The Lubrizol Corporation', 'Clariant AG', 'SCG Chemicals Co., Ltd.', 'Mitsui Chemicals, Inc.', 'TRECORA Resources', 'Nanjing Tianshi New Material Technologies Co., Ltd.', 'Westlake Chemical Corporation', 'Deurex AG', 'Qingdao Bouni Chemical Co., Ltd.', 'SQI Group', 'Lion Chemtech Co., Ltd.', 'Euroceras Sp. z o.o.', 'Qingdao Sainuo Chemical Co., Ltd.', 'Zellwax SA', 'Hase Petroleum Wax Co. Ltd.', 'JX Nippon Oil & Energy Corporation', 'Coschem Co., Ltd.', 'Darent Wax Co., Ltd.', 'SCG Performance Chemicals Co., Ltd.', 'In March 2022,According to a new study, however, the use of wax-coated sand may be a cheaper and greener way to go.'
Oxidised polyethylene wax is used in the manufacturing of paints for its properties and its application as coating on fruits and various products which drives the market growth of Oxidized Polyethylene Wax market.
The increasing awareness about good quality packaging for food will help to increase the growth of Oxidized Polyethylene Wax market in forecast period. Also the use of wax in printing ink creates a demand for oxidised polyethylene wax because Polyethylene wax is used as an additive in the ink. Customers are purchasing those products with wax coating because they protect products from various harmful chemicals. That factor influences the market growth.
North America will dominate the oxidized polyethylene wax market in 2021, due to the rise in the plastics industry. Plastics, rubbers, and printing inks which will increase demand for the Oxidized Polyethylene wax product. The U.S. led the North American regional market with a largest share of 25% in 2021.
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