Polyethylene wax come with outstanding features, which is utilized extensively for improving the quality of different materials, such as petroleum wax blends, rubber processing, and plastic additives. Polyethylene wax also contains high crystalline value and hence, it has hardness at an increased temperature and low solubility in solvents. It also comes with oil thickening property, which makes it suitable for use in the processing of several products. These factors are likely to drive the globalpolyethylene wax market in years to come. The globalpolyethylene wax market is likely is likely to prosper riding on the back of its growing demand from various end-users.
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Increased supply of polyethylene and rapid industrialization is expected to propel the growth of polyethylene wax market in China and India. In addition of presence of several leading market players is estimated to offer scope for the expansion of the polyethylene wax market in the region.
Expansion of PVC Industry to Offer Promising Opportunities for Growth
The expansion of the global polyethylene wax market is expected to ride on the back of massive demand from the coating and ink applications. Waxes come with important impact on several formulations and processes. Comparatively a small quantity of polyethylene wax assists on the betterment of effects such as anti-blocking, slip and lubrication, and abrasion resistance. In addition, polyethylene wax also has the water repellant nature that is required for printing ink and coatings. These properties are likely to open up several avenues of growth for the global polyethylene wax market over the tenure of assessment.
In the processing of Poly Vinyl Chloride, the use of polyethylene wax has increased manifold, which is likely to help in the growth of the market in near future. The utilization of lubricant is crucial in the Poly Vinyl Chloride or PVC industry, thanks to increased focus on factors like energy consumption of equipment and machine melt pressure. As such, expansion of the PVC industry is likely to influence growth of the global polyethylene wax market positively over the period of review.
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