sales@fnfresearch.comTel: +86 21 80360450 | USA: +1-347-989-3985

Home / All latest News / Wax Market

Wax Market

11-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Wax Market – By Type (Natural Wax, Synthetic Wax, Mineral Wax) and By Application (Candles, Packaging, Plastic & Rubber, Cosmetics & Toiletries, Fire Logs, Adhesives, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global demand for Wax market in 2019 was approximately USD 9 Billion. The market is expected to grow at a CAGR of around 3% and is anticipated to reach around USD 14 Billion by 2026.

Waxes are organic compounds that contain higher lipids and alkanes with a melting point above 40 °C. They can be synthesized by many plants and animals and can be used for multiple applications like the construction of honeycombs, food coatings, car polishing, and floss coatings.

Request Sample Request Customization Buy Now

Browse the full “Wax Market – By Type (Natural Wax, Synthetic Wax, Mineral Wax) and By Application (Candles, Packaging, Plastic & Rubber, Cosmetics & Toiletries, Fire Logs, Adhesives, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026." https://www.fnfresearch.com/wax-market-by-type-natural-wax-synthetic-wax-1114

Growing demand for wax and its derivatives owing to its multiple beneficial properties like non-toxicity, water repellent, and good resistance against chemicals, is expected to propel the wax market in the coming years. The growing use of wax packaging in the food packaging industry is with the growing food & beverage industry globally is also driving the market. However, the major environmental issue of water disposal of all the synthetic derivatives, the instability in the prices of raw materials used in the production of wax, along with the discharge of harmful chemical content in the waste is some issues that are restricting in the growth of the market. Also, the rising environmental awareness has led several restrictions on wood cutting which has, in turn, hampered the demand for wax in the industrial wood and fire logs. Nevertheless, the growing automobile industry in developing countries is fuelling the demand for rubber, which in turn provides numerous opportunities in the growth of the wax market in the forecasted period.

As per the type analysis, the wax type is divided into natural wax, synthetic wax, and mineral wax. Synthetic wax is projected to dominate the market in the coming years as it can be manufactured on a large scale through the process of high or low-pressure polymerization, Gas-to-Liquid(GTL), and also using gas-to-liquid process technology. Synthetic wax is majorly used in cosmetics products which in turn is fueling the market. Synthetic wax is also used in the automobile industry as it can be used as an adhesive and protection coatings. As per the application analysis, the wax market is divided into candles, adhesives, firelogs, plastic and rubber, packaging, cosmetics, and other applications. The market for candles is expected to dominate in the forecasted period as it is widely used in home fragrance products. Wax is also widely used in the packaging industry owing to its numerous properties like water-resistant, proving barrier against odor and moisture vapor. Wax is also hugely demanded in the plastic and rubber industry as a performance additive as it is largely utilized as water and solvent-based mold release agent.

As per the regional analysis, the region of Asia Pacific is anticipated to dominate the market in the forecasted period owing to the rapid growth in industrialization. Rapidly growing infrastructure along with an increase in construction activities and per capita income of the people is fuelling the wax market. Moreover, the easy availability of resources and raw materials like required for the production of wax at low price with high production also provides benefits for the market growth. Similarly, the rapidly expanding cosmetics industry and the personal care sector owing to the rise in the sales of personal care goods at the domestic level have projected in the growth of the market.

The major key players involved in the wax market are as follows:

  • China National Petrochemical Corporation
  • Sasol Wax
  • International Group, Inc.
  • Lukoil Company
  • Petroleo Brasileiro S.A. (Petrobras)
  • Royal Dutch Shell PLC
  • ExxonMobil Corporation
  • Total S.A.
  • Petro-Canada Lubricants Inc.
  • Petroleos de Venezuela
  • Sinopec Limited
  • Others

This report segments the Wax market as follows:

Global Wax Market: By Type Segmentation Analysis

  • Natural Wax
  • Synthetic Wax
  • Mineral Wax

Global Wax Market: By Application Segmentation Analysis

  • Candles
  • Packaging
  • Plastic & Rubber
  • Cosmetics & Toiletries
  • Fire Logs
  • Adhesives
  • Others

Global Wax Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

Global Headquarters

Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450

Email: sales@fnfresearch.com

Web: https://www.fnfresearch.com

Latest Added Market Report

Whey Protein Ingredients Market By Type (Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP), Demineralized Whey Protein (DWP)), By Application (Bakery and Confectionery, Dairy Products and Frozen Foods, Sports Nutrition, Beverages, Meat Products, Medicine, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the whey protein ingredients industry. The report analyzes and declares the historical and current trends analysis of the whey protein ingredients industry and subsequently recommends the projected trends anticipated to be observed in the whey protein ingredients market during the upcoming years. The <a href="https://www.fnfresearch.com/news/global-whey-prote ...

Published Date : 09-Jun-2020 | | Category : Food & Beverages | Pages : 178 | Format : Read more

Waterproofing Chemicals Market By Type (Bitumen, Ploymers, and Others) and By Application (Tunnel Liners, Roofing & Walls, Floors & Basements, Waste & Water Management, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the waterproofing chemicals industry. The report analyzes and declares the historical and current trends analysis of the waterproofing chemicals industry and subsequently recommends the projected trends anticipated to be observed in the waterproofing chemicals market during the upcoming years. The <a href="https://www.fnfresearch.com/news/global-waterproofing ...

Published Date : 09-Jun-2020 | | Category : Chemical & Materials | Pages : 180 | Format : Read more

Waste To Energy Market By Technology (Thermal and Biological): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Waste to energy industry. The report analyzes and declares the historical and current trends analysis of the waste to energy industry and subsequently recommends the projected trends anticipated to be observed in the waste to energy market during the upcoming years. The <a href="https://www.fnfresearch.com/news/global-waste-to-energy-market-is-expected-to ...

Published Date : 09-Jun-2020 | | Category : Energy & Mining | Pages : 162 | Format : Read more

Facts & Factors provides an array of marketing and business research solutions distinctly designed by our expertise for the clients.
Copyright © 2020 Facts & Factors. All Rights Reserved. Sitemap - Privacy Policy - Terms & Conditions