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Oxidized Polyethylene Wax Market Report by Product (High-density, Low-density), Application (Plastic Processing, Paints and Coatings, Textiles, Rubber Processing, Metal Processing, Adhesives, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A3899
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Market Overview:
The global oxidized polyethylene wax market size reached US$ 187.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 435.6 Million by 2032, exhibiting a growth rate (CAGR) of 9.8% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 187.9 Million |
| Market Forecast in 2032 | US$ 435.6 Million |
| Market Growth Rate (2024-2032) | 9.8% |
Oxidized polyethylene (PE) wax is a resin that offers high bond strength and improved adherence when used in varnishes, inks, coatings, and textiles. It is widely used as a polymer additive, polyvinyl chloride (PVC) lubricant, aqueous emulsion, and protective coating for floors, tiles, and furniture. Additionally, it is employed in the food and beverage (F&B) industry as a defoamer and packaging adhesive and for the surface treatment of various fruits and vegetables. Other uses of oxidized PE wax include incorporating hydrophobic substances into aqueous systems and coating metals for aesthetic purposes and reducing aging.
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Oxidized Polyethylene Wax Market Trends:
The global market growth can be attributed to the extensive utilization of oxidized PE wax in various end use industries. For instance, it finds application in the construction industry as a sealer or to protect concrete. Moreover, it is used in floor finishes to minimize black marks, provide stability, enhance friction, and decrease slipping. It can also be utilized to coat plastic materials and provide them protection. This, in confluence with the growing demand for building services and the increasing number of infrastructure projects worldwide, is acting as a key factor influencing the market positively. Apart from this, with the rising environmental concerns, several companies from different industry verticals are adopting oxidized PE waxes to produce bacterial polyhydroxyalkanoates (PHAs). In addition to this, the escalating demand for PHAs is anticipated to strengthen the market growth in the coming years.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oxidized polyethylene wax market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
- High-density
- Low-density
Breakup by Application:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Plastic Processing
- Paints and Coatings
- Textiles
- Rubber Processing
- Metal Processing
- Adhesives
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Clariant AG, Deurex Ag, Honeywell International Inc, Industrial Raw Material LLC, Innospec Inc., Mitsui Chemicals Inc, Palmer Holland, The Lubrizol Corporation (Berkshire Hathaway Inc.), Trecora Resources, Westlake Chemical Corporation and Zellag.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Product, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | BASF SE, Clariant AG, Deurex Ag, Honeywell International Inc, Industrial Raw Material LLC, Innospec Inc., Mitsui Chemicals Inc, Palmer Holland, The Lubrizol Corporation (Berkshire Hathaway Inc.), Trecora Resources, Westlake Chemical Corporation and Zellag |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the global oxidized polyethylene wax market to exhibit a CAGR of 9.8% during 2024-2032.
The rising demand for oxidized polyethylene wax in floor finishes to minimize black marks, provide stability, enhance friction, decrease slipping, etc., is primarily driving the global oxidized polyethylene wax market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for oxidized polyethylene wax.
Based on the product, the global oxidized polyethylene wax market has been segregated into high-density and low-density. Currently, high-density holds the largest market share.
Based on the application, the global oxidized polyethylene wax market can be bifurcated into plastic processing, paints and coatings, textiles, rubber processing, metal processing, adhesives, and others. Among these, plastic processing exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global oxidized polyethylene wax market include BASF SE, Clariant AG, Deurex Ag, Honeywell International Inc, Industrial Raw Material LLC, Innospec Inc., Mitsui Chemicals Inc, Palmer Holland, The Lubrizol Corporation (Berkshire Hathaway Inc.), Trecora Resources, Westlake Chemical Corporation, and Zellag.
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