Polyethylene wax is a low molecular weight polyethylene polymer. It acts as an activator and dispersing material for polyethylene, polypropylene, and acrylonitrile butadiene styrene resins. There are different types of polyethylene wax, such as LDPE, HDPE, oxidized, and micronized wax, which are manufactured through polymerization, modification, and thermal cracking. It is used in various applications, such as are plastic processing, inks & coatings, hot-melt adhesives, rubber processing, polishes, textile, and cable filling.
Key players operating in the polyethylene wax market have adopted various strategies to strengthen their position in the market. Mergers & acquisitions was the key strategy adopted by the leading market players to achieve growth in the polyethylene wax market between 2014 and 2017. Key players in the market also adopted strategies, such as investments & expansions and partnerships to increase their global footprint and strengthen their distribution networks.
Honeywell International (US), Clariant International (Switzerland), Trecora Resources (US), Mitsui Chemicals (Japan), Marcus Oil and Chemical (US), and BASF (Germany), are some of the leading players in the polyethylene wax market.
Honeywell occupies the top position in the market for its broad product portfolio and global presence. The company offers different types of polyethylene wax, such as LDPE, HDPE, oxidized and EVA copolymer PE wax for a wide range of applications. Its products are widely preferred for PVC processing due to its excellent output rates, reduced calibration plate-out, controlled fusion maintaining physical properties, and enhanced surface quality. The company constantly focuses on a technological enhancement to improve its product performance and quality.
Mitsui Chemicals is the second-largest manufacturing company in polyethylene wax market. It offers different types of PE wax for a wide range of applications, such as pigment dispersants, slip agents and mold release agents for the molding of various synthetic resins, modifiers for printing ink and paints, aids for textile treatment and others. The major challenge faced in this business is the development of new products and the company focuses on improving its product quality.
In 2017, Clariant invested in its additives facilities to strengthen its position in China. The production units focus on offering performance additive solutions for packaging, agro-films, automotive, and other applications, and micronized waxes for various coatings & inks applications. The expansion also enables to shorten supply lead times and deliver high-tech solutions rapidly in this region.
Similarly, in 2014, Trecora Resources acquired SSI Chusei, Inc to enhance its specialty chemical and custom processing business. It increased the company’s footprint through the addition of a second chemical plant in Texas. Also, in 2015, the company partnered with Alpha Wax (Netherlands). The partnership helped the company expand its footprint in Europe and enhance its customer service.
Polyethylene Wax Market by Process (Polymerization, Modification, Thermal Cracking), Type (LDPE, HDPE, Oxidized, Micronized), Application (Plastic Processing, Hot-melt Adhesive, and Ink & Coating), and Region - Global Forecast to 2022
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