Albany, New York, Dec. 03, 2018 (GLOBE NEWSWIRE) -- The global polyethylene wax market is highly consolidated in nature as few players in the market hold the majority of the share, notices Transparency Market Research. Top five companies which are The International Group Inc., Mitsui Chemicals America, Inc., Honeywell International Inc., SCG Chemicals Co., and WIWAX held two-third of the total revenue share in the market. Major players are opting for strategic partnership such as mergers and acquisitions with regional or local players to widen their customer base in untapped pockets. These partnerships are expected to create growth opportunities for both the players. Players are investing hefty amount behind research and development activities in order to produce more efficient products in the market.
Request A Sample of Global Polyethylene Wax Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5111
According to a study done by Transparency Market Research, the global polyethylene wax market is predicted to expand at a steady CAGR rate of 3.7% over the tenure period, 2015 – 2023. The market which was valued at US$0.25 bn in 2014 is likely to be worth at US$0.35 bn by the end of the assessed period. On the basis of application, the market is segregated into candles, wood and firelogs, packaging, rubber, adhesives and coatings, cosmetics, plastic additives and lubricants. Of these, the candle segment is expected to thrive, thus driving the market. Candles segment holds 20% share in the overall market. On the basis of geography, Asia Pacific is anticipated to dominate the market due tremendous rise in demand for polyethylene wax in China. Rapid industrialization is another important factor favoring Asia Pacific to hold leading position.
Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=5111
Surge In Demand for Packaged Food Products to Push the Market
Decline of crude oil prices in recent years is considered to provide a boost the sales rate of the market product. Surge in demand of polyethylene wax from various paint and coating industry across the world is expected to favor the market. Strict rules and regulation pertaining to VOC emission are anticipated to increase the demand for enhanced coating system, this is directly like to bring a positive influence on the global polyethylene wax industry. Packaging and food processing industry are also bided by strict rules and regulations. These rules have compelled the manufacturers to improve quality of packaging which is stimulating the market. Low capital investment required is likely to foster the market.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=5111
Presence of Alternative Products and Volatile Crude Oil Prices to Hamper Market Growth
Rise in middle class throughout the world has significantly increased trends like home décor, celebrations, tourism, and presenting innovative gifts, these are prognosticated to bolster the demand. However, it has been noticed that presence of substitute products like Fisher-Tropsch is expected to deter polyethylene wax demand, thus hampering market growth. Volatile crude oil prices due to ongoing political tensions among countries is considered to be a major restraint factor. Nonetheless, growing demand for polyethylene wax in the asphalt industry is foreseen to lift the market.
Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/polyethylene-wax-market.htm
The information presented in this review is based on a TMR report, titled “Polyethylene Wax Market (Application –Candles, Packaging, Wood & Firelogs, Plastic Additives & Lubricants, Rubber, Adhesive & Coatings, Cosmetics, and Printing Inks, Laminates and Polishes) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023.”
The Global Polyethylene Wax Market has been segmented as presented below:
Global Polyethylene Wax Market - Application Analysis
- Candles
- Packaging
- Wood & Firelogs
- Plastic Additives & Lubricants
- Rubber
- Adhesive & Coatings
- Cosmetics
- Others (Including printing inks, laminates, polishes, etc.)
Browse Chemicals and Materials Market Research Reports
Popular Research Reports by TMR:
- Polyester Staple Fiber Market: https://www.transparencymarketresearch.com/polyester-staple-fiber.html
- Synthetic Fiber Market: https://www.transparencymarketresearch.com/specialty-synthetic-fiber.html
- Styrenic Polymers Market: https://www.transparencymarketresearch.com/styrenic-polymers-medical-applications-market.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: https://cmfenews.com/