Polyethylene wax, or the PE wax is an ultra-low molecular weight polyethylene polymer which have ethylene monomer chains. The wax is completely saturated with homopolymers of ethylene, which has an excessive level of linearity and crystalline. The PE wax is accessible as a byproduct of polyethylene production from on-purpose production and in both LDPE and HDPE forms. The outstanding properties of PE wax make it as a key material in the plastic industry.
The PE wax helps in enhancing the quality of different materials like rubber processing, petroleum wax blends, plastic additives and multiple other blends. It acts as an activator and dispersing material for polyethylene, polypropylene, ABS resins and others. The features of PE wax like release ability helps in increasing the productivity level and also protects from pollution by enabling the molding of complex shapes. Thus it acts as a molding agent in the plastic industry.
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In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
By Type (Polymerization Type, Modified Type, Thermally Cracking Type, Others), Form (Powder, Granules, Flakes, Pastilles, Micronized Waxes, Aqueous Wax Emulsions), Raw Material (Ethylene, Low-Density Polyethylene, Polypropylene), Grade (Emulsifiable, Non-Emulsifiable), Production Process (High-Pressure Polymerization, Synthesis by the Ziegler-Natta Method, Thermal Degradation Process of Polyethylene, Oxidation of Synthetic Waxes, Walter-Reppe Synthesis, Metallocene Process, Others), Country (China, India, Japan, South Korea, Australia, Indonesia, Singapore, Thailand, Malaysia, Philippines, Rest of Asia-Pacific)
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Market Segmentation
Asia-Pacific polyethylene wax market is segmented into five notable segments which are type, form, raw material, grade and production process.
– On the basis of type, the market is segmented into polymerization type, modified type, thermally cracking type, others.
– On the basis of form, the market is segmented into powder, granules, flakes, pastilles, micronized waxes, aqueous wax emulsions.
– On the basis of raw material, the market is segmented polypropylene, ethylene, low-density polyethylene.
– On the basis of grade, the market is segmented into emulsifiable, non-emulsifiable.
– On the basis of production process, the market is segmented into high-pressure polymerization, synthesis by the ziegler-natta method, thermal degradation process of polyethylene, oxidation of synthetic waxes, walter-reppe synthesis, metallocene process, others.
Market Players
The key market players for Asia-Pacific polyethylene wax market are listed below:
– BASF SE
– SCG Chemicals Co., Ltd.
– Honeywell International, Inc
– Clariant
– Mitsui Chemicals, Inc.
– Innospec
– The Lubrizol Corporation
– Baker Hughes, a GE company LLC
– Westlake Chemical Corporation
– ceronas GmbH & Co. KG
– COSCHEMCO.,LTD
– DEUREX AG
– euroceras Sp. z o.o.
– Formosa Plastics Corporation, U.S.A.
– Linvest GmbH
– Lion Chemtech Co., Ltd.
– Qingdao Bouni Chemical Co., Ltd
– SQI Group
– TRECORA RESOURCES
– The International Group, Inc.
– WIWAX
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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