Polyolefin Wax Market
Polyolefin Wax Market Share & Trends Analysis, By Product Type (Polyethylene, Polypropylene, Polytetrafluoroethylene), By Particle Size (Powder, Flakes, Granules), By Production Process (Thermal Degradation, Polymerization), By End-use & By Region Forecast - Global Market Insights 2019 to 2029
Analysis of Polyolefin Wax market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polyolefin Wax Market: Introduction
Polyolefin wax is a type of synthetic wax or homopolymer wax, which is produced from simple olefin as a monomer. Polyolefin wax is manufacturing by various types or processes such as polymerizing, thermal degradation, and synthesis of monomers. Most of the polyolefin wax is made up at a large industrial scale through polymerization by using a catalyst. For example, the Ziegler-Natta catalyst is used in the polymerization process of ethylene to polyethylene.
The most common types of polyolefin waxes are polyethylene wax, polypropylene wax, polyamides, among others. Polyolefin wax properties are ranged from liquid to solid, and it will be primarily defined by the degree of crystallinity and molecular weight. The polyolefin wax defines from range 0 to 60 as a liquid to rigid plastic respectively. Polyolefin wax surfaces are not joined effectively by solvent welding because they are not affected by common solvents and have an admirable resistivity across the chemicals. In addition, in terms of the chemical properties of polyolefin wax, it has excellent lubricant rate, color, and thermal stability.
Moreover, polyolefin wax is used as releasing agent, lubricating agent, dispersant, among others across the various end-use including paints and coatings, printing inks, lubricants, adhesives, and sealants, packaging, and rubber & plastic processing among many others.
Polyolefin Wax Market: Dynamics
The global polyolefin wax is projected to register significant growth over the coming years owing to the growing demand for polyolefin wax across the various end-use industry including paints and coating, plastic processing, printing inks among many others. The paints and Coating industry is one of the most appealing industries across the globe to maintain and rising the consumption for polyolefin wax over the course of the forecast period. Rising demand for plastics and adhesives & sealants are also contributing to the growth of polyolefin wax across the globe during the forecast period.
The use of general consumable items as the growing use of candles for decoration, and presenting innovative gifts are the center of attraction of candles, in turn, the polyolefin wax market is expected to register significant growth during the forecast period.
However, the polyolefin wax is produced by refining crude oils, and it will be over-dependent on petrochemical feedstock. And, volatility in prices of refinery feedstock will be resulting in fluctuating prices of polyolefin wax. Such a factor is anticipated to act as a restrain for the global polyolefin wax market during the forecast period.
Polyolefin Wax Market: Regional Outlook
Growing population and consumer class in emerging as well as developing economies will support the demand for waxes/hydrocarbons. Further, the main increase in consumption will come from the paints and coating industry among the developing countries. Owing to the growing demand for polyolefin wax across the various end-use industries such as printing inks, plastic processing, candles, among many others are projected to trigger the growth of the polyolefin wax market in the Asia Pacific region over the forecast period.
Emerging Economies of the Asia Pacific such as China and India are estimated to hold a significant share in the global polyolefin wax market over the coming years. North America and Europe are estimated to account for the dominant share in the global polyolefin wax market owing to the growing demand for adhesives and sealants across various end-use industries such as automotive and construction among others. Latin America and Middle East & Africa are projected to witness moderate growth during the forecast period owing to the gain of traction of polyolefin wax demand across the paints and coating industry, because of the growing consumption of powder coatings in the automotive industry.
Polyolefin Wax Market: Market participants
Some of the key market participants identified across the value chain of the polyolefin wax market are:
- Clariant AG
- Mitsui Chemicals America, Inc.
- Blended Waxes, Inc.
- SCG Chemicals Co., Ltd.
- BASF SE
- Honeywell International Inc.
- Trecora Resources
- Westlake Chemical Corporation’
- The Lubrizol Corporation
- Yi Mei New Material Tech Co., Ltd.
- L.A. industries
- Innospec Inc.
- Nanjing Tianshi New Material Technologies Co. Ltd
- Marcus Oil & Chemicals Private Ltd.
- Repsol S.A.
The research report presents a comprehensive assessment of the Polyolefin Wax market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Polyolefin Wax market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Polyolefin Wax market segments such as geographies, application, and industry.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Market Supply/Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Polyolefin Wax market segments and geographies.
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- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected Polyolefin Wax market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Polyolefin Wax market performance
- Must-have information for Polyolefin Wax market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Company
Polyolefin Wax Market: Segmentation
The global polyolefin wax market can be segmented on the basis of product type, particle size, production process, application, and region.
Based on the product type, Polyolefin Wax market has been segmented as:
Based on the particle size, Polyolefin Wax market has been segmented as:
Based on the production process, Polyolefin Wax market has been segmented as:
- Thermal Degradation
- Fusion of Monomers
Based on the end-use, Polyolefin Wax market has been segmented as:
- Paints and Coatings
- Plastic Processing
- Printing Inks
- Adhesives and Sealants
- Building Materials
- Tire and Rubbers
- FAQs -
The polyolefin wax market thrives on a CAGR of 8.9% during the forecast period.
Rising demand from coating, plastic processing, printing inks fuel the growth of the polyolefin wax market.
Asia Pacific region dominates the polyolefin wax market.