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Wax Market
Waxes discover their application crosswise over businesses, for example, materials, paints, bundling, hardware, electrical, inks and coatings, elastic, pharmaceuticals, sustenance, and beautifying agents. Along these lines, a development in these end client businesses likewise spells an elevated interest for wax. Since a greater part of the previously mentioned enterprises have been seeing a development in the ongoing years and this incorporates hardware, bundling, nourishment, makeup and pharmaceuticals, the market for wax is encountering a sound development. The generation of paraffin wax has diminished throughout the years, however this is adjusted by the higher creation of manufactured and characteristic waxes, which is boosting the development of the market around the world.
Wax is utilized widely as added substances, base materials, and to help preparing. Since the significance of completed products such in metals, surface shine, and surface insurance in earthenware production is expanding, the utilization of wax will likewise build, driving the market. Wax likewise fills in as a consumption inhibitor in metal works, along these lines finding their application in assembling metal items. They repulse water and along these lines, discover their application in material businesses. In addition, they are utilized as protectors in hardware and electrical businesses. In 2018, the global wax market stood at US$ 8.49 Bn progressing at a CAGR of 2.62% between 2019 and 2027, the market’s opportunity is likely to touch US$ 10.73 Bn by the end of 2027.
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On the basis of application, the global wax market is segmented into In terms of product types, the report segments the global wax market into petroleum and mineral wax, synthetic wax, and natural wax. In 2018, petroleum and mineral wax segment dominated the market. However, over the forcast period, synthetic wax segment is projected to be the largest growing product type. Synthetic wax accounted for around 11% of the overall market in 2018. Additionally, in the coming years, the natural wax segment is expected to register lucrative growth.
In terms of end-use industries, the global wax market has been classified into candles, packaging, wood and fire-logs, rubber, adhesive, cosmetics, and other end-use industries. Of these, candles accounted for the largest share in the market in the year 2018 by accounting more than 41% of the market.
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In terms of geography, the global wax market is segmented into North America, Latin America, Europe, Japan, and Asia Pacific excluding Japan. Asia Pacific has been holding an overwhelming position regarding both volume and income in the worldwide wax advertises. The fundamental purpose for this is the nearness of many assembling units. The interest for wax is likewise high from candles, glues, bundling, and beautifying agents businesses in APAC. A key segment of the wax created in China is sent out to the U.S. A vast amount of the wax is additionally provided to huge numbers of the European countries. China remains the biggest provider of wax, even more explicitly, the oil based waxes around the world.
Another explanation behind the development of the Asia Pacific wax advertises is the prospering end client ventures. As nations, for example, China and India are rising as key markets, holding promising potential for countless which require wax, the market for wax will become even in the coming years. North America and Europe are foreseen to observe a sluggish development in the gauge time frame.
Some of the key players operating in the global wax market are
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Global Wax Market: Recent Developments
Global Wax Market: Segmentation
This report on the global wax market provides segmentation of the market based on product, end-user industry, and region
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Wax Market is projected to reach US$ 10.7 Bn by the end of 2027
Wax Market is expected to grow at a CAGR of 2.62 % during 2019-2027
The packaging and cosmetics industries are driving the demand from the Wax Market
Asia Pacific is a more attractive region for vendors in the Wax Market
Key vendors in the Wax Market are The International Group, Inc. (IGI), China National Petroleum Corporation (CNPC), Sasol Wax, Exxon Mobil Corporation, Lukoil, Sinopec Limited and Royal Dutch Shell plc, etc
1. Executive Summary: Global Wax Market
2. Market Overview
2.1. Market Segmentation
2.2. Market Definitions
2.3. Market Trends
2.4. Market Dynamics
2.4.1. Drivers
2.4.2. Restraints
2.4.3. Opportunities
2.5. Porter’s Five Forces Analysis
2.6. Value Chain Analysis
2.7. Regulatory Landscape
3. Global Wax Market Analysis and Forecast, by Product
3.1. Key Findings
3.2. Market Definitions
3.3. Global Wax Market Value (US$ Mn), by Product, 2018–2027
3.3.1. Petroleum & Mineral wax
3.3.1.1. Paraffin wax
3.3.1.2. Microcrystalline wax
3.3.1.3. Others
3.3.2. Synthetic wax
3.3.2.1. Gas-to-liquids (GTL) wax
3.3.2.2. Polymer wax
3.3.2.3. Others
3.3.3. Natural wax
3.3.3.1. Beeswax
3.3.3.2. Vegetable wax
3.3.3.3. Others
3.4. Global Wax Market Attractiveness Analysis, by Product
4. Global Wax Market Analysis and Forecast, by End-user Industry
4.1. Key Findings
4.2. Market Definitions
4.3. Global Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
4.3.1. Candles
4.3.2. Packaging
4.3.3. Wood & fire-logs
4.3.4. Rubber
4.3.5. Adhesive
4.3.6. Cosmetics
4.3.7. Others
4.4. Global Wax Market Attractiveness Analysis, by End-user Industry
5. Global Wax Market Analysis and Forecast, by Region
5.1. Global Wax Market Value (US$ Mn), by Region, 2018–2027
5.1.1. North America
5.1.2. Europe
5.1.3. Asia Pacific
5.1.4. Middle East & Africa
5.1.5. Latin America
5.2. Global Wax Market Attractiveness Analysis, by Region
6. North America Wax Market Analysis and Forecast
6.1. Key Findings
6.2. North America Wax Market Value (US$ Mn), by Product, 2018–2027
6.3. North America Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
6.4. North America Wax Market Value (US$ Mn), by Country/Sub-region, 2018–2027
6.4.1. U.S.
6.4.2. Canada
6.5. U.S. Wax Market Value (US$ Mn), by Product, 2018–2027
6.6. U.S. Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
6.7. Canada Wax Market Value (US$ Mn), by Product, 2018–2027
6.8. Canada Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
6.9. North America Wax Market Share and Attractiveness Analysis, by Product
6.10. North America Wax Market Share and Attractiveness Analysis, by End-user Industry
6.11. North America Wax Market Share and Attractiveness Analysis, by Country/Sub-region
7. Europe Wax Market Analysis and Forecast
7.1. Key Findings
7.2. Europe Wax Market Value (US$ Mn), by Product, 2018–2027
7.3. Europe Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.4. Europe Wax Market Value (US$ Mn), by Country/Sub-region, 2018–2027
7.4.1. U.K.
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia & CIS
7.4.7. Rest of Europe
7.5. U.K. Wax Market Value (US$ Mn), by Product, 2018–2027
7.6. U.K. Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.7. France Wax Market Value (US$ Mn), by Product, 2018–2027
7.8. France Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.9. Germany Wax Market Value (US$ Mn), by Product, 2018–2027
7.10. Germany Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.11. Italy Wax Market Value (US$ Mn), by Product, 2018–2027
7.12. Italy Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.13. Spain Wax Market Value (US$ Mn), by Product, 2018–2027
7.14. Spain Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.15. Russia & CIS Wax Market Value (US$ Mn), by Product, 2018–2027
7.16. Russia & CIS Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.17. Rest of Europe Wax Market Value (US$ Mn), by Product, 2018–2027
7.18. Rest of Europe Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
7.19. Europe Wax Market Share and Attractiveness Analysis, by Product
7.20. Europe Wax Market Share and Attractiveness Analysis, by End-user Industry
7.21. Europe Wax Market Share and Attractiveness Analysis, by Country/Sub-region
8. Asia Pacific Wax Market Analysis and Forecast
8.1. Key Findings
8.2. Asia Pacific Wax Market Value (US$ Mn), by Product, 2018–2027
8.3. Asia Pacific Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
8.4. Asia Pacific Wax Market Value (US$ Mn), by Country/Sub-region, 2018–2027
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. ASEAN
8.4.5. Rest of Asia Pacific
8.5. China Wax Market Value (US$ Mn), by Product, 2018–2027
8.6. China Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
8.7. Japan Wax Market Value (US$ Mn), by Product, 2018–2027
8.8. Japan Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
8.9. India Wax Market Value (US$ Mn), by Product, 2018–2027
8.10. India Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
8.11. ASEAN Wax Market Value (US$ Mn), by Product, 2018–2027
8.12. ASEAN Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
8.13. Rest of Asia Pacific Wax Market Value (US$ Mn), by Product, 2018–2027
8.14. Rest of Asia Pacific Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
8.15. Asia Pacific Wax Market Share and Attractiveness Analysis, by Product
8.16. Asia Pacific Wax Market Share and Attractiveness Analysis, by End-user Industry
8.17. Asia Pacific Wax Market Share and Attractiveness Analysis, by Country/Sub-region
9. Middle East & Africa Wax Market Analysis and Forecast
9.1. Key Findings
9.2. Middle East & Africa Wax Market Value (US$ Mn), by Product, 2018–2027
9.3. Middle East & Africa Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
9.4. Middle East & Africa Wax Market Value (US$ Mn), by Country/Sub-region, 2018–2027
9.4.1. GCC
9.4.2. South Africa
9.4.3. Rest of Middle East & Africa
9.5. GCC Wax Market Value (US$ Mn), by Product, 2018–2027
9.6. GCC Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
9.7. South Africa Wax Market Value (US$ Mn), by Product, 2018–2027
9.8. South Africa Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
9.9. Rest of Middle East & Africa Wax Market Value (US$ Mn), by Product, 2018–2027
9.10. Rest of Middle East & Africa Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
9.11. Middle East & Africa Wax Market Share and Attractiveness Analysis, by Product
9.12. Middle East & Africa Wax Market Share and Attractiveness Analysis, by End-user Industry
9.13. Middle East & Africa Wax Market Share and Attractiveness Analysis, by Country/Sub-region
10. Latin America Wax Market Analysis and Forecast
10.1. Key Findings
10.2. Latin America Wax Market Value (US$ Mn), by Product, 2018–2027
10.3. Latin America Wax Market Value (US$ Mn), by Country/Sub-region, 2018–2027
10.3.1. Brazil
10.3.2. Mexico
10.3.3. Rest of Latin America
10.4. Brazil Wax Market Value (US$ Mn), by Product, 2018–2027
10.5. Brazil Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
10.6. Mexico Wax Market Value (US$ Mn), by Product, 2018–2027
10.7. Mexico Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
10.8. Rest of Latin America Wax Market Value (US$ Mn), by Product, 2018–2027
10.9. Rest of Latin America Wax Market Value (US$ Mn), by End-user Industry, 2018–2027
10.10. Latin America Wax Market Share and Attractiveness Analysis, by Product
10.11. Latin America Wax Market Share and Attractiveness Analysis, by End-user Industry
10.12. Latin America Wax Market Share and Attractiveness Analysis, by Country/Sub-region
11. Competition Landscape
11.1. Competition Matrix, by Key Players
11.2. Global Wax Market Share Analysis, by Company, 2018
11.3. Product Mapping
11.4. Company Profiles
11.4.1. China National Petroleum Corporation
11.4.1.1. Company overview
11.4.1.2. Product portfolio
11.4.1.3. Financial overview
11.4.1.4. Business strategy
11.4.1.5. Recent developments
11.4.2. Sasol Wax
11.4.2.1. Company overview
11.4.2.2. Product portfolio
11.4.2.3. Financial overview
11.4.2.4. Business strategy
11.4.2.5. Recent developments
11.4.3. International Group, Inc (IGI)
11.4.3.1. Company overview
11.4.3.2. Product portfolio
11.4.3.3. Financial overview
11.4.3.4. Business strategy
11.4.3.5. Recent developments
11.4.4. Lukoil Company
11.4.4.1. Company overview
11.4.4.2. Product portfolio
11.4.4.3. Financial overview
11.4.4.4. Business strategy
11.4.4.5. Recent developments
11.4.5. Petroleo Brasileiro S.A. (Petrobras)
11.4.5.1. Company overview
11.4.5.2. Product portfolio
11.4.5.3. Financial overview
11.4.5.4. Business strategy
11.4.5.5. Recent developments
11.4.6. Royal Dutch Shell plc
11.4.6.1. Company overview
11.4.6.2. Product portfolio
11.4.6.3. Financial overview
11.4.6.4. Business strategy
11.4.6.5. Recent developments
11.4.7. Exxon Mobil Corporation
11.4.7.1. Company overview
11.4.7.2. Product portfolio
11.4.7.3. Financial overview
11.4.7.4. Business strategy
11.4.7.5. Recent developments
11.4.8. Total S.A.
11.4.8.1. Company overview
11.4.8.2. Product portfolio
11.4.8.3. Financial overview
11.4.8.4. Business strategy
11.4.8.5. Recent developments
11.4.9. Petro-Canada Lubricants Inc.
11.4.9.1. Company overview
11.4.9.2. Product portfolio
11.4.9.3. Financial overview
11.4.9.4. Business strategy
11.4.9.5. Recent developments
11.4.10. Sinopec Limited
11.4.10.1. Company overview
11.4.10.2. Product portfolio
11.4.10.3. Financial overview
11.4.10.4. Business strategy
11.4.10.5. Recent developments
11.4.11. Petróleos de Venezuela, S.A. (PDVSA)
11.4.11.1. Company overview
11.4.11.2. Product portfolio
11.4.11.3. Financial overview
11.4.11.4. Business strategy
11.4.11.5. Recent developments
12. Primary Research - Key Insights
13. Appendix
13.1. Research Methodology and Assumptions
List of Tables
TABLE 1 Global Wax Market Snapshot
TABLE 2 Drivers for the Wax Market: Impact Analysis
TABLE 3 Restraints for Wax Market: Impact Analysis
TABLE 4 North America Petroleum & Mineral Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 5 North America Petroleum & Mineral Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 6 North America Synthetic Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 7 North America Synthetic Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 8 North America Natural Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 9 North America Natural Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 10 North America Wax Market Volume, By End-user Industries, 2018 - 2027 (Kilo Tons)
TABLE 11 North America Wax Market Revenue, By End-User Industries, 2018 - 2027 (US$ Mn)
TABLE 12 Europe Petroleum & Mineral Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 13 Europe Petroleum & Mineral Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 14 Europe Synthetic Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 15 Europe Synthetic Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 16 Europe Natural Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 17 Europe Natural Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 18 Europe Wax Market Volume, By End-User Industries, 2018 - 2027 (Kilo Tons)
TABLE 19 Europe Wax Market Revenue, By End-User Industries, 2018 - 2027 (US$ Mn)
TABLE 20 Asia Pacific Petroleum & Mineral Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 21 Asia Pacific Petroleum & Mineral Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 22 Asia Pacific Synthetic Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 23 Asia Pacific Synthetic Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 24 Asia Pacific Natural Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 25 Asia Pacific Natural Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 26 Asia Pacific Wax Market Volume, By End-user Industries, 2018 - 2027 (Kilo Tons)
TABLE 27 Asia Pacific Market Revenue, By End-user Industries, 2018 - 2027 (US$ Mn)
TABLE 28 CASA Petroleum & Mineral Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 29 CASA Petroleum & Mineral Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 30 CASA Synthetic Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 31 CASA Synthetic Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 32 CASA Natural Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 33 CASA Natural Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 34 CASA Wax Market Volume, By End-User Industries, 2018 - 2027 (Kilo Tons)
TABLE 35 CASA Wax Market Revenue, By End-User Industries, 2018 - 2027 (US$ Mn)
TABLE 36 MEA Petroleum & Mineral Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 37 MEA Petroleum & Mineral Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 38 MEA Synthetic Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 39 MEA Synthetic Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 40 MEA Natural Wax Market Volume, By Product Segment, 2018 - 2027 (Kilo Tons)
TABLE 41 MEA Natural Wax Market Revenue, By Product Segment, 2018 - 2027 (US$ Mn)
TABLE 42 MEA Wax Market Volume, By End-User Industries, 2018 - 2027 (Kilo Tons)
TABLE 43 MEA Wax Market Revenue, By End-User Industries, 2018 - 2027 (US$ Mn)
List of Figures
FIG. 1 Global Wax Market Segmentation, By Product, End-user Industries and Region
FIG. 2 Global Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 3 Wax Market: Value Chain Analysis
FIG. 4 Global Packaging Market Revenue, 2018 – 2027 (US$ Bn)
FIG. 5 Global Cosmetics Market Revenue, 2018 – 2027 (US$ Bn)
FIG. 6 Global Base Oil Demand, 2018 – 2027 and 2030 (Volume % Share)
FIG. 7 Global GTL Products Market Revenue, 2018 – 2027 (US$ Bn)
FIG. 8 Porter’s Five Forces Analysis
FIG. 9 Wax Market: Company Market Share Analysis, 2018
FIG. 10 Wax Market: Market Attractiveness Analysis, By End-User Industries
FIG. 11 Global Wax Market Volume Share, By Product Segment, 2018 & 2027
FIG. 12 Global Petroleum & Mineral Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 13 Global Paraffin Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 14 Global Microcrystalline Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 15 Global Other Petroleum & Mineral Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 16 Global Synthetic Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 17 Global GTL Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 18 Global Polymer Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 19 Global Other Synthetic Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 20 Global Natural Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 21 Global Beeswax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 22 Global Vegetable Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 23 Global Other Natural Wax Market, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 24 Global Wax Market Volume Share, By End-user Industries, 2018 & 2027
FIG. 25 Global Wax Market for Candles, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 26 Global Wax Market for Packaging, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 27 Global Wax Market for Wood & Fire-logs, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 28 Global Wax Market for Rubber, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 29 Global Wax Market for Adhesive, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 30 Global Wax Market for Cosmetics, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 31 Global Wax Market for Other End-user Industries, 2018 – 2027 (Kilo Tons) (US$ Mn)
FIG. 32 Global Wax Market Volume Share, By Region, 2018 & 2027
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*86 figures and 60 tables includes