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Global Wax Market – Industry Trends and Forecast to 2027

  • Chemical and Materials
  • Upcoming Report
  • Nov 2020
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Wax Market, By Product Type (Petroleum and Mineral Wax, Synthetic Wax, Natural Wax), Application (Cosmetic, Packaging, Candle Making, Adhesives, Plastic, Rubber, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Wax Market Market Analysis and Insights : Global Wax Market

Wax market size is valued at USD 13.83 billion by 2027 and is expected to grow at a compound annual growth rate of 3.90% in the forecast period of 2020 to 2027. Data Bridge Market Research report on  wax market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

The wax market is estimated to be driven by increasing usage of wax in cosmetics industry. The high consumption of wax due to its benefits such as anti-caking properties, UV resistance as well as exceptional insulation along with resistance from microorganisms, odor and moisture is resulting in high adoption of wax in various industries. The growing demand from applications such as candle, tire and rubber as well as coating and polishes, high growth of polymer processing, food, pharmaceutical and personal care industries, increase in demand in candle making, rising acceptance of synthetic waxes along with ever-increasing demand for eco-friendly and renewable products are also expected to flourish the growth of the target market. Moreover, the thriving application scope of wax in food packaging industry will foster various new opportunities that will accelerate the growth of the wax market in the above mentioned forecast period.

However, the fluctuations in feedstock prices and rising cost of synthetic and bio-based waxes are acting as the major limitation for the growth of the wax market in the forecast period of 2020 to 2027, whereas the decreasing use of fossil-based wax in the packaging industry and growing need to meet the rising demand for paraffin wax will pose as market challenges. 

This wax market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on wax market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

 Wax Market Scope and Market Size

Wax market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  • On the basis of product type, the wax market is segmented into petroleum and mineral wax, synthetic wax and natural wax.
  • Wax market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for wax market is segmented into cosmetic, packaging, candle making, adhesives, plastic, rubber and other.

Global Wax Market Country Level Analysis

Wax market is analyzed and market size, volume information is provided by country, product type and application as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific leads the wax market due to the high demand for wax owing to the increasing technological developments has impelled the demand for adhesives in the region. North America is expected to grow over the forecast period of 2020 to 2027 due to the strong presence of personal care and cosmetics companies in this particular region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Wax Market Share Analysis

Wax market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wax market.

The major players covered in the wax market report are China National Petrochemical Corporation, Sasol Wax GmbH, Sinopec Corp., The International Group, Inc., BP PLC, Lukoil, BASF SE, Petrobras, Honeywell International Inc., Royal Dutch Shell PLC.com, Nippon Seiro Co., Ltd., Mitsui Chemicals Inc., Exxon Mobil Corporation, Baker Hughes, Total S.A., Sasol Ltd., Petro-Canada Lubricants Inc., PDVSA - Petroleos de Venezuela, S.A., and Evonik Industries AG and among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Wax Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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