Polyethylene Wax Market statistics and research analysis released in latest report

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Polyethylene (PE) Wax Market to Cross USD 370mn
by 2024 Global Market Insights, Inc.
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• Global Market Scenario of Polymer Industry

• Polyethylene Wax Market to surpass USD 370
  million by 2024 according to a new research
  report by Global Market Insights, Inc.
• Escalating coatings industry across the globe is
  a prominent factor propelling the overall (PE)
  polyethylene wax market by 2024. The overall
  coatings business generated revenue more than USD
  90 billion in 2016 and is likely to mark USD 150
  billion, with estimated gains close to 5 CAGR
  over the estimated period.
• The product addition on the coating material
  enhances its properties including heat chemical
  resistance, thermal stability, friction
  coefficient, electrical insulation, rheology and
  gloss. In addition, coatings used in textiles,
  furniture, plastic products, wood products,
  containerboards, automotive, metals and
  electronics products are generally blended with
  the product.
• Therefore, fervent growth in automotive,
  electronics and construction industry will
  subsequently boost industry growth by 2024, as
  these industries essentially require coatings.

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• PE wax market share is positively influence by
  inclining product applications in PVC
  manufacturing. It is widely used in the PVC
  production process to upscale its features such
  as molding complexity and resistance against
  chemicals, abrasion heat. The global PVC
  manufacturing process will expand at more than 3
  CAGR by 2024 for its widespread applications in
  the construction industry. Furthermore,
  polyethylene wax market is driven by broad
  applications printing inks industry.
• The product is used in printing inks formulation
  process to upgrade its friction coefficient and
  gloss. In addition, the global printing inks
  industry revenue was close to USD 15 billion in
  2015 and shall exceed USD 23 billion by 2024,
  with growth close to 5 in the due course.
  Therefore, increasing demand of printing inks in
  commercial applications as newspapers,
  promotional catalogues and brochures will
  positively influence the business growth in the
  near future.

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• 360 Industry Analysis

• Fischer-tropsch (FT) wax is a product alternative
  for various applications including printing inks
  and adhesives owing to its similar features. In
  addition, major raw material utilized in the
  industry is ethylene, which is a crude oil
  derivate. Therefore, the polyethylene wax market
  price trends follow similar price dynamics. Thus,
  stiff substitute threat laid by FT along with
  wavering crude oil price trends may hamper the
  global industry size in coming years.
• Plastics additives and lubricants was one of the
  major global PE wax market share contributor in
  2016 and is forecast to observe prominent gains
  in the coming years. Increasing product
  applications as a slip agent, mold release agent,
  resin modifier and dispersant in the plastic
  processing industry will positively boost the
  overall size during the estimated timeframe. The
  product has also been used in the plastic
  applications in order to enhance its impact
  strength and flexural modulus. Escalating global
  plastic demand on account of its widespread
  applications across automotive and electronics
  industry will substantially boost the overall
  industry size.

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• Regional Analysis

• In 2016, Asia Pacific accounted for more than 30
  of overall polyethylene wax market volume.
  Improving consumer lifestyle dynamics, booming
  construction sector and escalating automobile
  sales in China, Japan and India are the chief
  factors stimulating the regional industry size.
  North America contributed over 20 of the overall
  PE wax market share in 2016. Uplifting
  construction spending along with robust packaging
  industry in the U.S. are the prime regional
  growth prospects.

• Competitive Analysis

• In 2016, the overall PE wax market was
  consolidated as the major participants
  contributed over 50 market share. Some key
  business contributors are Honeywell
  International, BASF SE, Clariant AG, Innospec
  Inc, Westlake Chemical, Arya Chem, WIWAX, SCG
  Chemicals, Mitsui Chemicals, Synergy Additives,
  Lubrizol Corporation, Micro Powders and Kerax
  Limited.

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Latest Research Report On Polyethylene Wax Market
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