The global oxidized polyethylene wax market exhibited negative growth in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global oxidized polyethylene wax market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
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Breakup by Application:
Breakup by Region:
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.
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