NEW YORK, Nov. 26, 2021 /PRNewswire/ -- The polyethylene wax market size is expected to increase by USD 177.40 million from 2020 to 2025, registering a CAGR of 2.97%, according to the latest research report from Technavio. 46% of the market's growth will originate from APAC. China and India are the key markets for polyethylene wax in APAC.

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The polyethylene wax market covers the following areas:

• Polyethylene Wax Market Sizing
• Polyethylene Wax Market Forecast
• Polyethylene Wax Market Analysis

The polyethylene wax market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The increased demand for polyethylene wax to process polyvinyl chloride is notably driving the polyethylene wax market growth. However, the factors such as the availability of substitutes may impede market growth. 

Technavio analyzes the polyethylene wax market by Application (masterbatches, plastics, printing inks, adhesives, and others) and Geography (APAC, North America, Europe, MEA, and South America). The polyethylene wax market share growth by the masterbatches segment will be significant for revenue-generating. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

The polyethylene wax market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• BASF SE
• Clariant International Ltd.
• COSCHEM CO. LTD.
• Cosmic Petrochem Pvt. Ltd.
• Honeywell International Inc.
• Innospec Inc.
• Marcus Oil
• Mitsui Chemicals Inc.
• The Lubrizol Corp.
• Trecora Resources

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SOURCE Technavio