- In March 2022, Mitsui Chemicals, Inc. made significant strides in sustainability by announcing that its subsidiary, Prime Polymer Co., Ltd., became the first company in Japan to commercially produce and deliver biomass polypropylene (PP). This achievement marks a crucial milestone in the development of environmentally friendly materials, aligning with global efforts to reduce carbon footprints and promoting the use of renewable resources in plastic production
- In June 2021, Braskem, a leading Brazilian petrochemical company, unveiled the world’s first renewable-sourced polyethylene (PE) wax. This innovative material, derived from sugarcane ethanol, offers a sustainable alternative to traditional fossil-based PE wax. It serves as a viscosity modifier in various applications, including coatings, beauty products, and adhesives. The new wax not only performs similarly to its conventional counterpart but also boasts a reduced CO2 footprint and recyclability
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (High Density Polyethylene Wax, Low Density Polyethylene Wax, Oxidized Polyethylene Wax, Micronized Polyethylene Wax, Acid-Modified Polyethylene Wax, and Others), End- Use Industry (Plastic Industries, Paint Industries, Textile Industries, Printing Inks, Pulp and Paper Industries, and Other), Application (Plastic, Paints, Packaging, and Others) - Industry Trends and Forecast to 2031
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The Global Polyethylene Homopolymer Waxes Market size was valued at USD 411.40 USD Million in 2023.
The Global Polyethylene Homopolymer Waxes Market is projected to grow at a CAGR of 5.8% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
