Low density Oxidized Polyethylene (LDOxPE) homopolymer wax having unique properties from oxidization process . in prill form for use in solvent borne coatings as a rheological aid. It also finds use as a metal release agent in PVC. It can also be atmospherically emulsified for use in aqueous applications, such as textiles, lubricants, coatings and inks, to lower the COF and provide surface properties such as mar & abrasion resistance and increased slip.