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. Polyethylene wax is used
globally in diversified industries including coating, printing ink, adhesives,
food packaging, and masterbatches.
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.
Browse full report by Grand View
Research :
Further key findings from the report suggest:
·
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
·
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
·
The high density polymerized segment
accounted for 40.5% of the volume in 2016 and is expected to grow at a high
CAGR from 2017 to 2025
·
High density polymerized PE wax is widely
used as a lubricant for plastics processing and in the textile industry.
·
Petrochemical manufacturers in Asia Pacific
have invested in large-scale ethylene plants, and have upgraded and expanded
their facilities to cater to large demand arising in the region
·
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
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has
segmented the Asia & Africa polyethylene wax market on the basis of
technology, product, application, and region:
Technology Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
·
Polymerization
·
Modification
·
Thermal Cracking
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
·
High Density Polymerized PE Wax
·
Low Density Polymerized PE Wax
·
Oxidized PE Wax
·
Acid-Modified PE Wax
·
Low Density Cracked PE Wax
·
Others
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
·
Printing Inks
·
Adhesives
·
Masterbatches
·
Plastics
·
Rubber
·
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
·
Asia
o Australia
o New Zealand
o Malaysia
o Indonesia
o Thailand
·
Africa
o South Africa
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/asia-africa-polyethylene-pe-wax-market-analysis
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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