Oxidized Polyethylene Wax Market Size, Share & Trends Report

Oxidized Polyethylene Wax Market Size, Share & Trends Analysis Report By Application (Paints & Coatings, Printing Inks), By Product (Low-, High-density), By Region (Europe, North America, APAC), And Segment Forecasts, 2021 - 2028

  • Report ID: GVR-3-68038-137-5
  • Number of Report Pages: 85
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2019
  • Forecast Period: 2021 - 2028
  • Industry: Bulk Chemicals

Research Methodology

A three-pronged approach was followed for deducing the oxidized polyethylene wax market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for oxidized polyethylene wax market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of oxidized polyethylene wax market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Oxidized Polyethylene Wax Market Categorization:

The oxidized polyethylene wax market was categorized into three segments, namely product (High-density, Low-density), application (Plastic Processing, Paints & Coatings, Printing Inks, Textiles, Rubber Processing, Metal Processing, Adhesives, Candles, Food), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The oxidized polyethylene wax market was segmented into product, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The oxidized polyethylene wax market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twelve countries, namely, the U.S.; Canada; Germany; the UK; France; Italy; China; India; Japan; South Korea; Brazil; Argentina.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Oxidized polyethylene wax market companies & financials:

The oxidized polyethylene wax market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • BASF SE - BASF SE conducts its operations across five distinct business segments: chemicals, performance products, functional materials & solutions, agricultural solutions, and others (oil & gas). With a global reach, BASF operates in over 80 countries, utilizing six Verbund sites and 353 production sites. The company promotes its polyethylene wax products under the Luwax brand, catering to diverse applications such as polishes, coatings, and plastics processing.

  • Innospec - Innospec, a global specialty chemical manufacturer, operates business operations worldwide. The company conducts research in the United States and the United Kingdom, where a dedicated team focuses on developing new product lines to serve a broader market. Innospec markets its oxidized polyethylene wax products under the Viscowax brand, specifically for water-based wax emulsion applications. Additionally, the company has a fuel specialty manufacturing facility in Newark, where oxidized PE wax is formulated.

  • Marcus Oil - Marcus Oil, an American chemical manufacturing company, specializes in the production of a wide range of polyethylene-based waxes, such as paints & coatings, adhesives, and candles, for various industries. The company operates two primary manufacturing facilities in Texas, USA, and Haldia, India. Currently, the company's primary operations are based in India, with an average production capacity of 42,000 tons of oxidized PE wax. Marcus Oil markets its oxidized polyethylene wax products under the brand name Marcus Oil & Chemicals, widely used in applications such as coatings, color concentrates, bitumen modification, emulsions, and more.

  • The Lubrizol Corporation - The Lubrizol Corporation is an American chemical manufacturing company that enhances its business operations by blending intricate specialty chemicals, thus catering to its customer base through two primary business divisions: additives and advanced materials. The company serves major markets such as coatings, chlorinated applications, lubricants, and personal care divisions. They promote their oxidized polyethylene wax products under the brands Lanco, Liquitron, Aquaslip, and Pinnacle, which find extensive application in coatings, emulsions, and more. The formulation of oxidized PE wax takes place at their surface modifier manufacturing facility in Ritterhude.

  • Trecora Chemical - Trecora Chemical, an American chemical company, conducts its business in three main sectors: petrochemicals, specialty synthetic wax, and mining operations. Trecora Chemicals operates as a subsidiary of Trecora Resources, specializing in the field of specialty synthetic waxes. The company promotes its oxidized polyethylene wax products under the Trecora brand, catering to various applications such as coatings, printing, and more. With an annual production capacity of 7,000 kilotons, Trecora Chemical ensures a steady supply of oxidized PE wax.

  • Industrial Raw Materials LLC - Since 1939, Industrial Raw Materials LLC has been involved in the production of petroleum wax. Their extensive portfolio has diverse applications, including inks, crayons, candles, tires, cosmetics, adhesives, and more. Their wax division offers various products, including slack waxes, fully refined waxes, synthetic waxes, polyethylene waxes, and more. The company's manufacturing facility is based in New York, U.S., and they distribute their oxidized polyethylene wax products under the brand name Indrapol. These products are specifically designed for use in coatings and various other applications.

  • Westlake Chemical Corporation - Westlake Chemical Corporation is a U.S. company that specializes in the production of chemical and plastic products worldwide. Additionally, they serve as a major supplier of plastics, building materials, petrochemical products, and more. Their primary focus lies in the vinyl and olefins sector. With a manufacturing capacity of 165 kilotons per annum, the company produces oxidized PE wax under the Epolene brand. These products are designed for various applications such as coatings, printing, and more.

  • Honeywell International Inc. - Honeywell International Inc. is an American conglomerate corporation that specializes in chemical manufacturing and distributes its products worldwide. In 2018, the company achieved a total sales revenue of USD 41.8 billion, catering to various industries such as aerospace, building & construction, manufacturing, and footwear. Honeywell operates a state-of-the-art oxidized PE wax manufacturing facility in Texas, United States, and promotes it under the Honeywell brand. This particular product is primarily used in coatings, inks, and polishing applications.

  • Clariant AG - Clariant AG, a chemical manufacturing company headquartered in Switzerland, was founded initially as Sandoz Chemical Company in 1886. The company operates its business worldwide in various industries, including agriculture, consumer goods, chemical intermediates, automotive, oil & gas, electronics, and pharmaceuticals. Located in Muttenz, Switzerland, Clariant AG produces oxidized PE wax and markets its high-quality oxidized polyethylene wax products under the Licowax brand. These products are specifically designed for plastics, emulsifiers, and other applications.

  • Zell Wax - ZELL WAX Industrial Additives is a chemical manufacturing company headquartered in Spain. With a focus on serving industries like PVC, paints, hot melt, adhesives, and plastics, ZELL WAX operates under the brand name Zell Wax. The company has a wide customer base of approximately 300 clients across 40 countries. Zell Wax Company boasts an annual production capacity of around 700 tons of oxidized PE Wax. Its range of oxidized polyethylene wax products, marketed under the Zell Wax brand, finds specific applications in coatings, plastics, and other sectors.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Oxidized Polyethylene Wax Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2020, historic information from 2017 to 2019, and forecast from 2021 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Oxidized Polyethylene Wax Market Report Assumptions:

  • The report provides market value for the base year 2020 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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