Polyethylene Wax Market to accrue commendable proceeds over 2019-2024

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Polyethylene Wax Market to accrue commendable
proceeds over 2019-2024
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Global Market Scenario of Polyethylene Wax
Industry

• Plastic additives lubricants segment had
  significant share in global PE wax market in 2016
  and is expected to rise with gains over 3 CAGR
  by 2024. Polyethylene wax market will have a
  significant demand as a lubricant in PVC
  extrusion, in the future years. Product usage
  marks better molding complexity, abrasion
  chemical resistance.
• Global PE wax market is certain to be driven by
  the rising demand from coatings industry in the
  next 7 years. The coatings industry will cross
  USD 150 billion by 2024, with a strong potential
  for PE wax coating blend in furniture, textiles,
  wood products, plastic products, containerboards,
  metals, automotive and electronics.
• Product blending with coating material results in
  improved chemical thermal resistance, friction
  coefficient, thermal stability, electrical
  insulation, gloss and rheology. Robust growth in
  construction, automotive and electronics
  industries will propel the product demand over
  the forecast period.

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• Growing PE wax applications as a resin modifier,
  mold releasing agent, dispersant and slip agent
  in plastic processing will hold substantial
  potential for industry growth by 2024.
• Escalating growth trends in global plastic
  industry for the widespread applications will
  boost polyethylene wax market The product will
  also witness strong demand in formulation of
  printing inks for enhancing its gloss and
  friction coefficient.
• Demand for printing inks in promotional
  catalogues, newspapers, brochures and banners
  will have positive influence on PE wax market by
  2024.
• Also, modern packaging trends from several
  end-use industries including pharmaceutical,
  food beverage, electronic gadgets, textile,
  among others will also support the product
  growth.

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360 Industry Analysis

• Asia Pacific region is expected to lead the PE
  wax market by 2024, with a massive share over
  30. Robust growth in the regional automotive
  sector, plastic industry and the infrastructural
  activities portray high growth potential for the
  product in the region in the coming years.
• Higher demand for PE wax is expected from China
  India particularly for the candles usage in
  festive seasons.
•  

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• Competitive Analysis
• PE wax market exhibited trends of consolidation
  in 2016 since the key industry participants held
  above 50 share. Key manufacturers are BASF SE,
  Honeywell International, Clariant AG, Synergy
  Additives, Innospec Inc, Arya Chem, Mitsui
  Chemicals, SCG Chemicals, WIWAX, Micro Powders,
  Lubrizol Corporation, Kerax Limited and Westlake
  Chemical.

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