Key Findings of the Global Polyethylene Wax Market | Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–The latest market research report by Technavio
on the global
polyethylene wax market predicts a CAGR of more than 9% during
the period 2018-2022.

The report segments the global polyethylene wax market by end-user
(academic and research centers and pharmaceutical and biotechnology
companies), by application (masterbatches, plastic, printing ink, and
adhesives), and by geography (the Americas, EMEA, and APAC). It provides
a detailed illustration of the major factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global polyethylene wax market,
according to Technavio chemicals
and materials researchers:

• Increased demand for polyethylene wax to process polyvinyl chloride: a
  major market driver
• Increasing demand for oxidized polyethylene wax: a key market trend
• APAC dominated the global polyethylene wax market with more than 42%
  share in 2017
• Leica Microsystems, Molecular Machines & Industries, Thermo Fisher
  Scientific, and Zeiss International are some of the leading players in
  the market

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Increased demand for polyethylene wax to process polyvinyl chloride:
a major market driver

Increased demand for polyethylene
wax to process polyvinyl chloride is one of the major factors
driving the global polyethylene wax market. Polyethylene wax is
extensively used as a lubricant in the polyvinyl chloride processing
industry. It prevents PVC from sticking to the hot surfaces of certain
machinery and equipment while processing. It also assists in enhancing
the material properties of PVC pipes, containers, and other substances.
PVC occurs both in rigid and flexible form. The rigid form of plastic is
majorly used in the building and construction industry for manufacturing
pipers. The flexible form of plastic is widely used in the production of
products such as business cards, bottles, plastic containers, and many
more.

Polyethylene wax aids in lubricating the movement of the PVC melt,
improves the anti-sticking property, and provides better demolding
effects. Owing to this, it is widely used in injection molding, blow
molding, and extrusion processes. Therefore, due to the advanced
benefits and improved properties of polyethylene wax in plastic
industry, it is expected to witness high growth rate during the forecast
period.

According to a senior analyst at Technavio for research on specialty
chemicals, “The growth rate of the orthopedic plates and
screws market in the Americas is slowing down a bit because of the
region being a mature market. However, the increasing urge to reduce
post-surgical complications has resulted in technological advancements
in orthopedic plates and screws devices such as the use of titanium
material to develop orthopedic plates and screws. Such innovations will
bring back the growth momentum of the market in the region.”

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Increasing demand for oxidized polyethylene wax: a key market trend

In terms of product type, the global polyethylene wax market is
segmented into high-density polyethylene wax, low-density polyethylene
wax, oxidized polyethylene wax, acid-modified polyethylene wax, and
low-density cracked polyethylene wax. The oxidized polyethylene wax is
anticipated to be the fastest growing product segment in the global
polyethylene wax market during the forecast period. Over the next few
years, oxidized polyethylene wax is expected to have an increased demand
due to increased application areas. Some of the end-user sectors for
oxidized polyethylene market include PVC processing, water-based wax
emulsion, non-ionic emulsion, paper coating, textile industry,
packaging, and adhesive.

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polyethylene wax market report free of cost

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