Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 752 Million | USD 1,050 Billion | 5.1% | 2021 |
FrequentlyAsked Questions
Mammoth popularity of wax and its derivatives due to its exceptional features such as non-toxicity, good water repellency, and outstanding chemical resistance will drive market trends.
According to Zion market research report, the global Oxidized Polyethylene Wax Market accrued earnings worth approximately 752 (USD Million) in 2021 and is predicted to gain revenue of about 1,050 (USD Million) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2022 to 2028.
North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to thriving plastics sector in countries such as the U.S.
The key market participants include BASF SE, Munzing Chemie GmbH, Clariant AG, Honeywell International Inc., Westlake Chemical, Industrial Raw Material LLC, Trecora Chemical, The Lubrizol Corporation, Marcus Oil and Chemicals, and Innospec Inc.
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