Asia-Pacific Takes Lead in World Polyethylene Wax Market, Says Azoth Analytics in New Report Recently Published at MarketPublishers.com
31 May 2017 • by Natalie Aster
LONDON – The world’s polyethylene (PE) wax market is projected to exhibit positive growth at a nearly 4.75% CAGR over 2017-2022, driven primarily by escalating demand from rapidly evolving industries (like coatings, textiles, plastics, etc.) and increasing disposable incomes and industrialization across the emerging countries.
Through the coming 5 years, the demand for oxidized polyethylene wax is anticipated to record the highest growth rates, due to high applicability in a wide range of end-use sectors. today, the consumption of oxidized PE wax increases in such high-end industries as paper coating, adhesives, packaging and textile industry.
Asia-Pacific captures the major share (around 40%) of the overall PE wax market, and this regional market is forecast to increase at the highest CAGR during 2017-2022, majorly due to remarkable uptake in the construction and automotive sectors, escalating consumer demand and continuous economic development.
Azoth Analytics new research report “Global Polyethylene Wax (PE Wax) Market: Analysis By Type, By End User Industry, By Region, By Country: Opportunities and Forecast (2017-2022)” provides in-depth insights into the PE wax market and discloses trustworthy data on the market size, shares, segments and growth influencing factors. This research report includes updated statistics, discusses prevailing development trends, identifies and evaluates the major emerging challenges and opportunities, sheds light on market entry strategies for different companies worldwide as well as offers a comprehensive assessment of the PE wax market on the basis of types, end-uses and geography. Additionally, the research study gives forecasts through 2022.
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