Polyethylene wax, commonly known as P.E. wax, is a synthetic wax derived from polyethylene. Its characteristics include being a white solid at room temperature, low melting point, low viscosity, and good compatibility with various polymers. It is used as a lubricant, dispersant, and processing aid in industries such as plastics, coatings, textiles, and adhesives. It provides improved slip, scratch resistance, and surface gloss to the finished products.