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Oxidized Polyethylene Wax Market Size Worth $1.04 Billion By 2028: Contrive Datum Insights, Inc.

The global oxidized polyethylene wax market size is expected to reach USD 1.04 billion by 2028, according to a new report by Contrive Datum Insights, Inc. It is projected to expand at a compound annual growth rate of 4.8% from 2021 to 2028. The global market is expected to witness substantial growth over the forecast period owing to the increase in the demand from end-use applications, such as plastics, coatings, hot melt adhesives, rubber processing, and printing. Nontoxic nature, high thermal stability, and excellent dispersion have increased product consumption in the aforementioned segments.

Key suggestions from the report:

Read 85 page research report with ToC on “Oxidized Polyethylene Wax Market Size, Share & Trends Analysis Report By Application (Paints & Coatings, Printing Inks), By Product (Low-, High-density), By Region (Europe, North America, APAC), And Segment Forecasts, 2021 – 2028” at: https://bit.ly/2QjRHn1

 

It is used in masterbatches in other applications including polymer processing, leather, textile, metalworking industries, and tire manufacturing. The market growth is also driven by rising product demand in the coatings and rubber processing industries. The rising usage of hot melt adhesives in various consumer goods applications, such as furniture making, shoe manufacturing, packaging, baby diapers, and cigarettes, is expected to be one of the major drivers. Moreover, the rise in demand for paperboard & paper and building boards is likely to contribute to the market development.

Ethylene and petrochemical waxes are the main raw materials used in the manufacturing of polyethylene (PE) wax, which is further oxidized to manufacture the product. The major demand for printing ink across the globe arises from printed packaging products, followed by newspaper printing and printed advertisements. Solvent, water, and oil-based inks are used along with wax in digital printing, offset printing, and flexo printing processes. Furthermore, with the high penetration of print manufacturing companies globally, such as DIC India, Toyo Ink, Wikoff Color, and Ruco, the demand is likely to rise over the coming years.

Asia Pacific is one of the largest plastic manufacturing regions globally. The high demand for commodity plastics in the region, such as PVC, PE, and PU, has boosted the application of PE waxes. The demand for products that have applications in the infrastructure and industrial sectors is growing rapidly. The paints and coatings industry is expected to be the major contributor to the regional market growth, owing to the presence of a large number of emerging economies making significant investments in infrastructure development.

Contrive Datum Insights has segmented the global oxidized polyethylene wax market on the basis of product, application, and region:

List of Key Players of Oxidized Polyethylene Wax Market

Get More Info:- https://bit.ly/2QjRHn1

 

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