Impact of Coronavirus Pandemic on Polyethylene Wax Market
The global polyethylene wax market is negatively affected by COVID-19 pandemic. Lockdowns and closing of businesses have led to disruption in supply chain. Even though the COVID-19 pandemic has weaken all the business activities in the polyethylene wax market, manufacturers are creating potential opportunities, owing to the increasing demand from end-use industries such as packaging, pharmaceutical, food & beverages, petroleum, and refining. Increasing applications in coating, printing inks, and plastic processing are creating revenue streams for manufacturers in the global market. Strategic approach by market players are helping them in recovering from losses due to the pandemic. Countries such as China and India hold major market share due to rapid industrialization.
Post time: Feb-17-2022