Polyethylene Wax Market growth outlook with industry review and forecast 2018-2024

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Polyethylene Wax Market to Witness A Phenomenal
Growth over 2018 to 2024
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• Overview

• APAC Polyethylene Wax Market is slated to
  generate a substantial momentum in the coming
  timeframe. Add to it, the expansive automotive
  sector is also claimed to be another pivotal
  factor complementing the business growth.
• Boasting of an all-encompassing application
  landscape including packaging, candles, and
  plastics additives lubricants sectors,
  polyethylene wax market, is poised to carve a
  profitable roadmap over the ensuing years.
  Polyethylene waxes are basically low molecular
  weight polymers, widely utilized for improving
  the process properties and parameters of finished
  products closely linked to plastic industry.
• It therefore comes as no surprise that changing
  polyethylene wax industry trends are meticulously
  hinged to the massive growth in plastic sector.
  For the records, world plastics production, in
  the year 2016, was almost around 335 million
  metric tons, and has witnessed an estimated CAGR
  of 8.6 over 1950-2015.
• In fact, over 9 billion tons of plastic has been
  produced since 1950, claim reliable sources.
  Quite vividly evident from the aforementioned
  statistics, plastic industry has witnessed a
  paramount upswing over the years, subsequently
  opening up a plethora of new opportunities for
  polyethylene wax industry players.

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• Having said that, it is imperative to mention
  that the competitive hierarchy of polyethylene
  wax market is rather consolidated, with few
  large-scale manufacturers having procured almost
  50 of the global share in 2016. These giants, as
  it is observed lately, have been readily
  inclining toward integrating their operational
  capabilities throughout the supply chain model of
  the product ecosystem, in a bid to stronghold
  their presence in the global business space.
• For instance, renowned biggies like SCG Chemicals
  and Westlake Corporation, have not limited their
  production facilities to PE wax, but also PVC,
  given the fact that these lubricants are
  extensively deployed in polyvinylchloride
  production.
• In PVC processing industry, the deployment of
  lubricants is extremely essential. Several
  rationales like machine melt pressure,
  productivity, energy consumption of the
  processing equipment, and gelation of PVC, are
  directly affected by the right combination,
  selection, and dosage of lubricants. Probably,
  pertaining to its capabilities of improving
  molding complexity and abrasion resistance, PE
  wax has been universally recognized as an
  efficient external lubricant for PVC processing.

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• 360 Analysis

• Already having witnessed a percentage of
  authority in the global polyethylene wax industry
  share, Asia Pacific undoubtedly stands as one of
  the most opportunistic avenues for overall
  business growth. In fact, as claimed by Global
  Market Insights, Inc., the belt covered almost
  30 of the overall market in terms of volume in
  2016.
• The massive scope that APAC Polyethylene wax
  market holds in terms of growth mainly grounds on
  the fact that the region has shown immense growth
  in construction, automotive, and food sectors
  over the past few years. The region, for
  instance, accounted for almost 35 of the overall
  construction spending in 2016, and is likely to
  cover nearly 60 of the global share by 2025.
• Inherently stimulated by the fact that PVCs have
  been increasingly replacing traditional building
  materials on grounds of its cost effectiveness
  and versatility, APAC polyethylene wax industry
  size is slated to generate a substantial momentum
  in the coming timeframe. Add to it, the expansive
  automotive sector is also claimed to be another
  pivotal factor complementing the business growth.

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Competitive Trends

• The notable industries in Polyethylene Wax Market
  are
• Honeywell International Inc.
• BASF SE
• Arya Chem Inc.
• Clariant AG
• Westlake Chemical Corporation
• SCG Chemicals
• WIWAX
• Synergy Additives
• Mitsui Chemicals America, Inc.
• The Lubrizol Corporation
• Kerax Limited
• Micro Powders, Inc.

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