Europe Oxidized Polyethylene Wax Market Size & Outlook
Europe oxidized polyethylene wax market, 2018-2030 (US$M)
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Europe oxidized polyethylene wax market highlights
- The Europe oxidized polyethylene wax market generated a revenue of USD 187.2 million in 2023.
- The market is expected to grow at a CAGR of 3.8% 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.
Europe data book summary
| Market revenue in 2023 | USD 187.2 million |
| Market revenue in 2030 | USD 243.5 million |
| Growth rate | 3.8% (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, Europe region accounted for 29.9% 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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Europe 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 69.39% in 2023. Horizon Databook has segmented the Europe oxidized polyethylene wax market based on hdpe, ldpe covering the revenue growth of each sub-segment from 2018 to 2030.
The European plastics industry is one of the key contributors to global plastic market with the presence of 1.6 million regional population working across small and medium enterprises. Europe has over 50,000 plastic processing plants that generated an annual turnover of USD 291. 2 billion in revenue, according to European Plastics Converters Association.
The demand for plastics industry in the region is projected to boost demand of oxidized PE wax over the forecast period. However, yet another significant market in the region is the coatings industry which is typically dominated by the Netherlands, Germany, Norway and Denmark among other European countries, in terms of annual coating sales.
Few of the major companies that actively contribute the sector’s growth are AkzoNobel, BASF, Jotun and Hempel which comprised of an overall 285 production sites as of 2017 across Europe. However, as cited by Coatings World, the demand of coatings in 2019 shall be comparatively slow as earlier years due to downturn in capital investments and faltering machineries.
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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 Europe oxidized polyethylene wax market , including forecasts for subscribers. This continent databook contains high-level insights into Europe oxidized polyethylene wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe oxidized polyethylene wax market
Europe Oxidized Polyethylene Wax Market Outlook Share, 2023 & 2030 (US$M)
Europe oxidized polyethylene wax market
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