Asia Pacific Oxidized Polyethylene Wax Market Size & Outlook
Asia Pacific oxidized polyethylene wax market, 2018-2030 (US$M)
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Asia Pacific oxidized polyethylene wax market highlights
- The Asia Pacific oxidized polyethylene wax market generated a revenue of USD 108.0 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, hdpe was the largest revenue generating product in 2023.
- HDPE is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 108.0 million |
| Market revenue in 2030 | USD 163.0 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Hdpe |
| Fastest growing segment | HDPE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HDPE, LDPE |
| Key market players worldwide | The Lubrizol Corp, Marcus Corp, Honeywell International Inc, Baerlocher, SCG Chemicals, Durex Industries, Munzing |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.2% of the global oxidized polyethylene wax market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 163.0 million by 2030.
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Oxidized Polyethylene Wax Market Scope
Oxidized Polyethylene Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific oxidized polyethylene wax market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oxidized polyethylene wax market will help companies and investors design strategic landscapes.
Hdpe was the largest segment with a revenue share of 75.37% in 2023. Horizon Databook has segmented the Asia Pacific oxidized polyethylene wax market based on hdpe, ldpe covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific region is one of the largest plastic manufacturing destinations globally. The high demand for commodity plastics such as PVC, PE and PU has boosted the application of polyethylene waxes. The demand for products that find exposure to the infrastructure and industrial sector is growing rapidly.
The paints and coatings industry is expected to be the major contributor to market growth owing to presence of large number of emerging economies with significant investments in infrastructure. The region is also recognized as one of the largest printing ink market in terms of demographics with a regional sale of USD 6.5 billion in 2018.
Ink manufacturers in the region are focusing on expanding their business operations to countries such as Indonesia, India and Vietnam due to rapidly growing demand of inks from these countries. However, due to unstable access to raw materials required for formulating inks, such as photoinitiators and titanium dioxide, the prices of ink in the country is estimated to raise over the next couple of years.
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Our clientele includes a mix of oxidized polyethylene wax market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific oxidized polyethylene wax market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific oxidized polyethylene wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific oxidized polyethylene wax market size, by country, 2018-2030 (US$M)
Asia Pacific Oxidized Polyethylene Wax Market Outlook Share, 2023 & 2030 (US$M)
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