Rising demand for plastics and adhesives & sealants are also contributing to the growth of polyolefin wax across the globe during the forecast period. Use of general consumable items as growing use of candles for decoration, and presenting innovative gifts are the center of attraction of candles, in turn, the Polyolefin Wax Market is expected to register significant growth during the forecast period.
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Polyolefin wax is a type of synthetic wax or homopolymer wax, which is produced from simple olefin as a monomer. Polyolefin wax is manufacturing by the various types or process such as polymerizing, thermal degradation, and synthesis of monomers. Most of the polyolefin wax is made up at large industrial scale through polymerization by using of catalyst. For example, Ziegler-Natta catalyst is used in the polymerization process of ethylene to polyethylene. The most common types of polyolefin waxes are: polyethylene wax, polypropylene wax, polyamides, among others. Polyolefin wax properties are ranged from liquid to solid, and it will be primarily defined by the degree of crystallinity and molecular weight. The polyolefin wax defines from range 0 to 60 as a liquid to rigid plastic respectively. Polyolefin wax surfaces are not joint effectively by solvent welding because they are not affected by common solvent and have an admirable resistivity across the chemicals. In addition, in terms of chemical properties of polyolefin wax, it has excellent lubricant rate, color, and thermal stability.
Moreover, the polyolefin wax is used as releasing agent, lubricating agent, dispersant, among others across the various end-use including paints and coatings, printing inks, lubricants, adhesives and sealants, packaging, and rubber & plastic processing among many others.
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The global polyolefin wax is projected to register significant growth over the coming years owing to the growing demand of polyolefin wax across the various end-use industry including paints and coating, plastic processing, printing inks among many others. Paints and Coating industry is one of the most appealing industry across the globe to maintain and rising the consumption for polyolefin wax over the course of the forecast period.
However, the polyolefin wax is produced by refining crude oils, and it will be over-dependent on petrochemical feedstock. And, volatility in prices of refinery feedstock will be resulting in fluctuating prices of polyolefin wax. Such factor is anticipated to act as a restrain for global polyolefin wax market during the forecast period.
Growing population and consumer’s class in emerging as well as developing economies will support the demand of waxes/hydrocarbons. Further, the main increase in consumption will come from the paints and coating industry among the developing countries. Owing to the growing demand for polyolefin wax across the various end-use industries such as printing inks, plastic processing, candles, among many others are projected to trigger the growth of polyolefin wax market in the Asia Pacific region over the forecast period. Emerging Economies of the Asia Pacific such as China and India are estimated to hold a significant share in the global polyolefin wax market over the coming years. North America and Europe are estimated to account dominant share in the global polyolefin wax market owing to growing demand for adhesives and sealants across various end-use industries such as automotive and construction among others. Latin America and Middle East & Africa are projected to witness moderate growth during the forecast period owing to gain traction of polyolefin wax demand across the paints and coating industry, because of growing consumption of powder coatings in the automotive industry.
The research report presents a comprehensive assessment of the Polyolefin Wax market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Polyolefin Wax market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Polyolefin Wax market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Polyolefin Wax market segments and geographies.
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