Tuesday 5 December 2017, Amsterdam
The Asia & Africa polyethylene (PE) wax market is expected to reach USD 595.1 million by 2025, according to a new report by Grand View Research, Inc. Polyethylene wax is used globally in diversified industries including coating, printing ink, adhesives, food packaging, and masterbatches.
Ethylene emerges as a key raw material used in the manufacture of polyethylene. Unstable crude oil prices and geopolitical issues are affecting raw material trends. The industry will be driven by high supply from Asia Pacific countries including India, China, and Japan coupled with technological innovations.
HDPPE and LDPPE waxes are obtained using polymerization technology. Oxidized, modified, acid-modified are manufactured using modification technology. Low density cracked is produced by thermal cracking of LDPPE wax.
China consists of large number PE manufacturers with flexible prices. Also, government initiatives to develop shale gas reserves by 2020 are also expected to contribute positively towards low cost and high level of ethylene production. The Middle East, on account of well-established oil & gas infrastructure, is also projected to make a significant contribution towards industry growth.
ASDReports.com contact: S. Koomen
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