The polyethylene wax market is projected to grow from USD 1.08 billion in 2017 to USD 1.32 billion by 2022, at a CAGR of 4.1% from 2017 to 2022. In this study, 2016 is considered as the base year to estimate the size of the polyethylene wax market, while 2017 to 2022 is considered as the forecast period. The increasing use of polyethylene wax across various applications, such as plastic processing, inks & coatings, hot-melt adhesives, rubber processing, polishes, textile, and cable filling, will increase the demand for polyethylene wax during the forecast period.

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Based on process, modification is the fastest-growing segment in the polyethylene wax market. Micronized and oxidized polyethylene waxes are obtained by the modification process. The growth is backed by their major applications in different industries as they offer maximum rub and mar resistance, block resistance, slip, and re-coat ability.

Based on type, oxidized is expected to be the fastest-growing type segment of the polyethylene wax market during the forecast period. The growth of this segment is backed by its use in different applications, such as lubricants for PVC processing, dispersing agents for polar masterbatches, surface modifiers in hot-melt adhesives, and processing aids in various industries.

Based on application, ink & coating is projected to be the fastest-growing application segment of the polyethylene wax market during the forecast period. Polyethylene wax is used as an additive in the ink & coating industry for scratch, rub, and moisture resistance.  

APAC is the fastest-growing market for polyethylene wax. Key factors expected to drive the polyethylene wax in APAC are rapid industrialization, growing demand from various applications, and increasing government spending in emerging countries.  China is the fast-growing market for polyethylene wax in APAC.

Clariant International (Switzerland), Trecora Resources, Mitsui Chemicals (Japan), Honeywell International (US), Marcus Oil and Chemical (US), and BASF (Germany) are some of the leading players in the polyethylene wax market. These companies are majorly focusing on both organic and inorganic growth to increase its global footprint and market share.

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