Asia & Africa Polyethylene Wax Market Size, Status and Forecast to 2025

Polyethylene wax is used globally in diversified industries including coating, printing ink, adhesives, food packaging, and masterbatches. The Asia & Africa Polyethylene (PE) Wax Market is expected to reach USD 595.1 million by 2025, according to a new report by Grand View Research, Inc.

Ethylene emerges as a key raw material used in the manufacture of polyethylene. Unstable crude oil prices and geopolitical issues are affecting raw material trends. The industry will be driven by high supply from Asia Pacific countries including India, China, and Japan coupled with technological innovations.

HDPPE and LDPPE waxes are obtained using polymerization technology. Oxidized, modified, acid-modified are manufactured using modification technology. Low density cracked is produced by thermal cracking of LDPPE wax.

China consists of large number PE manufacturers with flexible prices. Also, government initiatives to develop shale gas reserves by 2020 are also expected to contribute positively towards low cost and high level of ethylene production. The Middle East, on account of well-established oil & gas infrastructure, is also projected to make a significant contribution towards industry growth.

The Asia PE wax demand was USD 228.9 million in 2016 and is expected to grow at a CAGR of 10.2% from 2017 to 2025. Growth of printing inks, adhesives, cosmetics, and pharmaceuticals particularly in emerging countries of Asia Pacific and Africa are expected to have a positive impact on growth.

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High polyethylene supplies from India and China coupled with rapid industrialization have resulted in high demand in the region. Africa is also projected to observe significant gain in its market size on account of oil & gas infrastructure development coupled with lower product prices.

Top Players of Asia & Africa Polyethylene Wax Market:

Mitsui Chemicals, Inc., Nanjing Tianshi New Material Technologies Co., Ltd., EPChem International Pte Ltd., Sanyo Chemical Industries, Ltd., and SCG Chemicals Co., Ltd. are the prominent leaders in the industry.

Market Segmentation of Asia & Africa Polyethylene Wax Market:

The Asia & Africa Polyethylene Wax Market on the basis of Technology, Product, Application, And Region.

By Technology:

    Polymerization
    Modification
    Thermal Cracking

By Product:

    High Density Polymerized PE Wax
    Low Density Polymerized PE Wax
    Oxidized PE Wax
    Acid-Modified PE Wax
    Low Density Cracked PE Wax

By Application:

    Printing Inks
    Adhesives
    Masterbatches
    Plastics
    Rubber

By Region:

    Asia
        Australia
        New Zealand
        Malaysia
        Indonesia
        Thailand
    Africa
        South Africa

Inquire about Asia & Africa Polyethylene Wax Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4663

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