Oxidised polyethylene wax market

Global Oxidised Polyethylene Wax Market Size, Share, Growth Analysis, By Process(Polymerization, Modification), By Type(Low Density Polyethylene Wax, High Density Polyethylene Wax), By Application(Plastic Processing, Hot-melt Adhesive) - Industry Forecast 2024-2031

Report ID: SQMIG15E2164 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 91 | Figures: 77

Global Oxidised Polyethylene Wax Market Insights

Global Oxidised Polyethylene Wax Market size was valued at USD 792.43 million in 2022 and is poised to grow from USD 830.47 million in 2023 to USD 1208.4 million by 2031, growing at a CAGR of 4.8% during the forecast period (2024-2031).

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.

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Global Oxidised Polyethylene Wax Market size was valued at USD 792.43 million in 2022 and is poised to grow from USD 830.47 million in 2023 to USD 1208.4 million by 2031, growing at a CAGR of 4.8% during the forecast period (2024-2031).

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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