Polyethylene Wax Market share is positively influence by inclining product applications in PVC manufacturing. It is widely used in the PVC production process to upscale its features such as molding complexity and resistance against chemicals, abrasion & heat.

Sellbyville, DE -- (SBWire) -- 11/09/2018 --GMI presents a most up-to-date research on "Polyethylene Wax Market – Global Industry Analysis, Size, Share, Application (Candles, Packaging, Wood & Firelogs, Plastic Additives & Lubricants, Rubber, Adhesive & Coatings, Cosmetics), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC) and Forecast 2017 – 2024".

Polyethylene Wax Market size is likely to surpass USD 370 million by 2024; according to a new research report by Global Market Insights, Inc.Escalating coatings industry across the globe is a prominent factor propelling the overall (PE) polyethylene wax market by 2024. The overall coatings business generated revenue more than USD 90 billion in 2016 and is likely to mark USD 150 billion, with estimated gains close to 5% CAGR over the estimated period. The product addition on the coating material enhances its properties including heat & chemical resistance, thermal stability, friction coefficient, electrical insulation, rheology and gloss.

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Aided by the exceptional ability of PE wax to enhance the properties of the finished product, polyethylene wax market has indeed registered a commendable growth rate in the last few years. When applied on various material, particularly plastic, PE wax possesses the capability to improvise on the process parameters of the end product.

It is pivotal to state that the plastic industry has become notably expansive in the last couple of decades and the low molecular weight and wax like properties of polyethylene wax have made it an essential component across this business space. Undeniably, the product's extensive deployment in the plastic sector and the massive growth observed in this sphere is slated to have a major impact on polyethylene wax market trends.

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The deployment of PE wax in numerous processes and formulations has led to a surge in the popularity of polyethylene wax industry. Even when used in small quantities, perhaps only 3% of the entire composition, polyethylene wax still has the capacity to impart notable anti-blocking, slip aid and abrasion resistance, which are critical properties essential for coating.

Undeniably, polyethylene wax market garners a major portion of its revenue through the application of the product in packaging and coatings. It is estimated that polyethylene wax industry size from the packaging sector will witness a CAGR of 3.5% between 2017 to 2024. The presence of polyethylene wax in packaging films acts as an anti-blocking agent and creates an effective barrier between two surfaces, increasing their resistance to adhesion even under the influence of temperature, humidity, and pressure. This feature proves to be highly beneficial when printed inks need to be kept from spreading on food or when items that are coated and dried, have to be stacked for immediate shipment.

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PE wax possesses excellent slip properties – that is, substances coated with this product have excellent ability to glide over other surfaces with minimal mechanical damages. Indeed, this is a pivotal property of PE wax that has led to its massive deployment as an abrasion resistant coating additive, thus expanding the scope of polyethylene wax market.

Abrasion resistance protects the coated product from being scratched, scraped, and eroded, in addition to enhancing its performance on account of the hardness, thickness, and elasticity provided by PE wax. Undoubtedly, polyethylene wax market size has witnessed a major upsurge on account of the product's usage as an abrasion resistant coating additive.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.