Polyethylene Wax Market is Dazzling Worldwide with Latest Rising Trends
Polyethylene Wax Industry Trend
The growth of the global polyethylene wax market is driven by its extensive applications across various industries including plastics, packaging, textiles.
WILMINGTON, DELAWARE, UNITED STATES, May 24, 2024 /EINPresswire.com/ -- Allied Market Research has published a report titled "Polyethylene Wax Market by Type (Low Density Polyethylene (LDPE) Wax, High-Density Polyethylene (HDPE) Wax, and Others) and Application (Plastics, Masterbatch, Hot Melt Adhesives, Coatings, Paints and Inks, Tire and Rubber, and Others): Global Opportunity Analysis and Industry Forecast, 2022โ2031". The report highlights that the global polyethylene wax industry, valued at $1.1 billion in 2021, is projected to reach $1.5 billion by 2031, growing at a CAGR of 2.9% from 2022 to 2031.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/17447
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The growth of the global polyethylene wax market is driven by its extensive applications across various industries including plastics, packaging, textiles, and tire & rubber. Emulsifiable PE wax is utilized in paper coatings, crayons, leather, and cosmetics, while non-emulsifiable PE wax is commonly used in paints, printing inks, and pigment concentrates. These diverse applications present lucrative growth opportunities for the market.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
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- High-Density Polyethylene (HDPE) Wax: Dominated the market in 2021 with around half of the global share, expected to maintain this status due to high demand from the manufacturing sector for its low melt viscosity and compatibility with plasticizers, lubricants, and stabilizers.
- Low-Density Polyethylene (LDPE) Wax: Anticipated to exhibit the highest CAGR of 2.9% from 2022 to 2031, driven by its increasing use in plastic processing, hot-melt adhesives for road marking, and the rise in shale gas exploration and production activities.
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- Plastics: Held the largest share in 2021, contributing to nearly one-third of the market, expected to maintain its lead due to cost-efficiency, durability, and ease of handling.
- Hot Melt Adhesives: Projected to register the highest CAGR of 3.2% from 2022 to 2031, owing to increased usage in packaging and building & construction industries.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
- Europe: Accounted for more than two-fifths of the global market revenue in 2021, driven by a large consumer base in the plastics, tire & rubber, and paint industries.
- Asia-Pacific: Expected to witness the fastest CAGR of 3.3% from 2022 to 2031, fueled by growing demand from the paint & coatings industry and population growth in the region.
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Key players in the market include:
- DUEREX AG
- Forplast
- Innospec
- Marcus Oil & Chemical
- Merco
- MLA Group of Industries
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/polyethylene-wax-market/purchase-options
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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