The polyethylene wax market centers on synthesizing, distributing, and utilizing polyethylene wax, a versatile synthetic derivative of ethylene polymerization. Widely employed in industries such as plastics, coatings, adhesives, and rubber processing, polyethylene wax serves as a lubricating and processing aid. Its applications range from enhancing surface characteristics and imparting wear resistance to improving overall product performance. This crucial component plays a pivotal role in various industrial processes, contributing to end products' functional and performance attributes.
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Data Bridge Market Research analyses that the North America Polyethylene Wax Market, which was USD 150.50 million in 2022, is expected to reach USD 190.43 million by 2030 and undergo a CAGR of 4% from 2023 to 2030. Continuous technological advancements and evolving formulations are driving the creation of innovative polyethylene wax products, playing a key role in stimulating growth within the market.
Key Findings of the Study
Increasing demand for polyethylene wax in plastic manufacturing wax is expected to drive the market's growth rate
The rising demand for polyethylene wax in plastic manufacturing is fueled by its crucial role in enhancing properties such as anti-sticking, lubrication, and thermal stability. With plastics becoming integral to daily life and witnessing heightened demand in industries such as packaging and automotive, the use of polyethylene wax is expected to surge. Its ability to modify viscosity, improve filler dispersion, and enhance heat resistance during plastics manufacturing further drives market growth, meeting the evolving needs of the plastic industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Low-Density Polyethylene Wax, High Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax, Others), Process (Polymerization Type, Modified Type, Thermally Cracking Type and Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes and Aqueous Wax Emulsions), Raw Material (Ethylene, Low-Density Polyethylene and Polypropylene), Grade (Emulsifiable and Non-Emulsifiable), Production Process (High-Pressure Polymerization, Synthesis By The Ziegler-Natta Method, Thermal Degradation Process of Polyethylene, Oxidation of Synthetic Waxes, Walter-Reppe Synthesis, Metallocene Process and Others), Application (Plastic Processing, Hot-melt Adhesive, Ink and Coating, Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway) (U.S.), Honeywell International Inc. (U.S.), Westlake Chemical Corporation (U.S.), BASF SE (Germany), Westlake (U.S.), Clariant, (Switzerland), Baker Hughes (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America polyethylene wax market is segmented on the basis of type, process, form, raw material, grade, production process, and application.
- On the basis of type, the North America polyethylene wax market is segmented into low density polyethylene wax, high density polyethylene wax, oxidized polyethylene wax, micronized polyethylene wax, and others
- On the basis of process, the North America polyethylene wax market is segmented into polymerization type, modified type, thermally cracking type and others
- On the basis of form, the North America polyethylene wax market is segmented into powder, granules, flakes, pastilles, micronized waxes and aqueous wax emulsions
- On the basis of raw material, the North America polyethylene wax market is segmented into ethylene, low-density polyethylene and polypropylene
- On the basis of grade, the North America polyethylene wax market is segmented into emulsifiable and non-emulsifiable
- On the basis of production process, the North America polyethylene wax market is segmented into high-pressure polymerization, synthesis by the ziegler-natta method, thermal degradation process of polyethylene, oxidation of synthetic waxes, walter-reppe synthesis, metallocene process and others
- On the basis of application, the North America polyethylene wax market is segmented into plastic processing, hot-melt adhesive, ink and coating, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America polyethylene wax market players in North America polyethylene wax market are Honeywell International Inc. (U.S.), Westlake Chemical Corporation (U.S.), BASF SE (Germany), Westlake (U.S.), Clariant, (Switzerland), Baker Hughes (U.S.)
Market Developments
- In March 2022, South African energy and chemical company Sasol sold its German subsidiary, Sasol Wax GmbH, to AWAX s.p.a. The acquired entity, now under the name Hywax GmbH, is part of an international group specializing in developing, producing, and distributing wax products. With production facilities in Hamburg, Germany, the U.K., and Austria, this acquisition positions AWAX to strengthen its presence in the wax industry
- In June 2021, Braskem launched the world's inaugural renewable-source polyethylene (PE) wax, derived from sugarcane ethanol. This product, applicable in diverse industries such as adhesives, cosmetics, coatings, and compounds, mirrors the performance of fossil-based PE wax. Notably, it achieves this with a substantially reduced CO2 footprint, showcasing Braskem's commitment to sustainable solutions and environmental responsibility
- In June 2020, Canadian wax manufacturer The International Group Inc. acquired Rheogistics LLC, based in Picayune, Mississippi. Specializing in providing lubricants and mechanical stabilizers for the rigid polyvinyl chloride industry, this strategic acquisition enhances The International Group Inc.'s market presence and capabilities, consolidating its position in the supply chain for essential components in PVC manufacturing
- In January 2020, BASF SE inaugurated a cutting-edge production hub for crop protection in Singapore, enhancing its global footprint. This innovative expansion bolsters production, attracting a broader customer base. The increased output not only meets growing demand but also amplifies the company's revenue, positioning BASF as a key player in the competitive landscape of the crop protection industry
Regional Analysis
Geographically, the countries covered in the North America polyethylene wax market report are U.S., Canada, and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is the dominant country in the North America polyethylene wax market during the forecast period 2023-2030
The U.S. dominates the North America polyethylene wax market due to increasing demand from various end-user industries. The robust growth stems from the versatile applications of polyethylene wax in sectors such as adhesives, plastics, coatings, and packaging. With a flourishing manufacturing landscape and rising demand across diverse industries, the U.S. is a key driver, leading the region's polyethylene wax market expansion.
For more detailed information about the North America polyethylene wax market report, click here – https://www.databridgemarketresearch.com/ar/reports/north-america-polyethylene-wax-market
