Polyethylene Wax Market to Exceed USD 1.6 Bn by 2031,

July 19, 2023 07:30 ET | Source: Transparency Market Research Transparency Market Research

Wilmington, Delaware, United States, July 19, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global polyethylene wax market was estimated to be worth US$ 1.0 billion in 2022. It is expected to increase at a 5.1% CAGR from 2023 to 2031, reaching US$ 1.6 billion by the end of 2031. The increased manufacturing and consumption of plastics in the creation of various items used in end-use sectors such as automobile packaging, and healthcare is a primary driver boosting the need for polyethylene wax. PE Wax

Polyethylene Wax Market to Exceed USD 1.6 Bn by 2031,

Lubricant demand is increasing in the plastics production industry. The increased use of plastic-based goods including PVC, plasticizers, and antioxidants for multiple industries is fueling the expansion of the polyethylene wax market.

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Transparency Market Research has profiled the following players in its global Polyethylene Wax market report:

Mitsui Chemicals, Inc., BASF SE, The Lubrizol Corporation, Arya Chem Inc., Innospec Inc., Micro Powders, Inc., Kerax Ltd., Clariant, Sinopec Group, WIWAX, The International Group, Inc., INEOS Group Ltd., Synergy Poly Additives Pvt. Ltd., SCG Chemicals Co., Ltd., and Westlake Chemical Corporation.

Polymers are used in the packaging industry for end-user product wrapping and decoration. Polymers are lightweight and come in a variety of hues. They are also resistant to dampness. The use of appropriate substances in plastics helps to increase lifetime, superior design, thermal insulation, clarity, low haze, and mechanical characteristics.

Paints and coatings are commonly utilized in the building, automotive, shipping, and timber industries. They are generally used in the construction industry to safeguard structures from outside damage. Paints and coatings are utilized in a variety of applications, including residential and non-residential structures, buildings, manufacturing equipment, vehicles, and commercial wood. The increasing prevalence of coatings in end-use industries is driving up demand for PE wax.

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Key Takeaways from the Market Report

Polyethylene Wax Market: Prominent Drivers and Trends

Polyethylene Wax Market: Regional Analysis

Polyethylene Wax Market: Key Segments

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Polyethylene Wax Market to Exceed USD 1.6 Bn by 2031,

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