North America Oxidized Polyethylene Wax Market Size & Outlook
North America oxidized polyethylene wax market, 2018-2030 (US$M)
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North America oxidized polyethylene wax market highlights
- The North America oxidized polyethylene wax market generated a revenue of USD 261.7 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 261.7 million |
| Market revenue in 2030 | USD 373.1 million |
| Growth rate | 5.2% (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, North America region accounted for 41.8% 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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North America 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 73.56% in 2023. Horizon Databook has segmented the North America oxidized polyethylene wax market based on hdpe, ldpe covering the revenue growth of each sub-segment from 2018 to 2030.
North America is a robust market for oxidized polyethylene wax with major demand arising from the growing plastics and paints & coatings production. The U.S. is one of the strongest markets for polymers in North America with a total projected production capacity of 23 billion pounds annually.
According to multinationals such as Chevron, the demand of polyethylene is largely undertaken by formulators of PE resins and the application scope of these compounds are broadening since the past decade.
Simultaneously, the application scope of oxidized polyethylene wax in coatings industry is significantly gaining traction in North America wherein a major share of coatings demand arises from architectural coatings, followed by industrial coatings and specialty purpose coatings. According to American Coatings Association.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America oxidized polyethylene wax market , including forecasts for subscribers. This continent databook contains high-level insights into North America oxidized polyethylene wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America oxidized polyethylene wax market size, by country, 2018-2030 (US$M)
North America Oxidized Polyethylene Wax Market Outlook Share, 2023 & 2030 (US$M)
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