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PUBLISHER: Grand View Research | PRODUCT CODE: 1530458
PUBLISHER: Grand View Research | PRODUCT CODE: 1530458
Wax Market Size, Share & Trends Analysis Report By Product (Mineral, Synthetic, Natural), By Application (Candles, Packaging, Plastic & Rubber), By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 120 Pages
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Wax Market Growth & Trends:
The global wax market size is expected to reach USD 14,165.8 million by 2030, registering a CAGR of 4.6% according to a new report by Grand View Research, Inc. The growth is majorly driven by growing inclusion of wax as a performance additive in the plastics industry on account of its rising utilization as water and solvent-based mold release agent. Wax has become one of the critically utilized materials globally with widespread application across multiple industries. It is used in the automotive industry for vehicle polishing, hair removal, packaging applications, and as an additive in the food industry.
In addition, it is used in paints and coating industry and printing ink application. Rising demand in various applications, including candles, rubber and plastic processing, cosmetic and toiletries, fire logs, building boards, is likely to propel overall growth in the coming years. High consumption of wax owing to its advantage including UV resistance, anti-caking, excellent insulation, is expected to augment market growth. The stringent COVID-19 lockdown in 2020 induced a downward trend in the market. The recovery in the industrial businesses and activities in the second half of 2020 moderately improved the demand. Additionally, the festive season in the final quarter of 2020 improved the demand from different industries including candles, cosmetics, and packaging.
Wax Market Report Highlights:
- The synthetic wax segment accounted for the fastest CAGR of 4.7% over the forecast period, owing to a significant increase in application across lotion, shampoo, foundation, lipstick, and other personal care products
- The cosmetics and toiletries application segment accounted for the highest CAGR over the forecast period considering the growing inclusion of product in formulation of creams and moisturizers. In addition, above average living standards and new product innovation are expected to propel the demand
- Asia Pacific accounted for the highest CAGR of 4.9% over the forecast period which can be traced to growing construction activities, mainly in economies such as China and India. Moreover, technological developments in Korea and Japan have spurred the growth of adhesives
- The market's value chain comprises raw materials suppliers, product manufacturers, distribution channels, and application industry. Depending upon the type, wax formulation requires timely procurement of key feedstocks which includes lubricating oils, base oils, and bee's milk. Product prices are highly impacted depending on the availability of these feedstocks
- The industry is made up of large and medium-sized players. The small players are either suppliers or distributors. Companies are working on strategies that can harness their internal strategic advantage and position according to the end-use segment growth
Product Code: GVR-2-68038-024-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Plastics & Rubber
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Wax Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Technological Overview
- 3.2.3. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Wax Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Wax Market Estimates & Forecast, By Product, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. Mineral
- 4.3.1. Mineral Wax Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Synthetic
- 4.4.1. Synthetic Wax Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Natural
- 4.5.1. Natural Wax Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Wax Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Wax Market Estimates & Forecast, By Application, 2018 to 2030 (USD Million) (Kilotons)
- 5.3. Candles
- 5.3.1. Wax Market Estimates and Forecasts in Candles, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Packaging
- 5.4.1. Wax Market Estimates and Forecasts in Packaging, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Plastic & Rubber
- 5.5.1. Wax Market Estimates and Forecasts in Plastic & Rubber, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Pharmaceutical
- 5.6.1. Wax Market Estimates and Forecasts in Pharmaceutical, 2018 - 2030 (USD Million) (Kilotons)
- 5.7. Cosmetics & Toiletries
- 5.7.1. Wax Market Estimates and Forecasts in Cosmetics & Toiletries, 2018 - 2030 (USD Million) (Kilotons)
- 5.8. Fire Logs
- 5.8.1. Wax Market Estimates and Forecasts in Fire Logs, 2018 - 2030 (USD Million) (Kilotons)
- 5.9. Adhesives
- 5.9.1. Wax Market Estimates and Forecasts in Adhesives, 2018 - 2030 (USD Million) (Kilotons)
- 5.10. Others
- 5.10.1. Wax Market Estimates and Forecasts in Other Applications, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Wax Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. U.S.
- 6.2.2.1. Key country dynamics
- 6.2.2.2. U.S. Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Canada Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Europe Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Germany
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. Germany Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. UK
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. UK Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. China
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. China Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. India
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. India Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Central & South America Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Brazil Wax Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Plastics & Rubber Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Wax Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share/Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.6. Company Profiles
- 7.6.1. Sinopec
- 7.6.1.1. Participant's overview
- 7.6.1.2. Financial performance
- 7.6.1.3. Product benchmarking
- 7.6.1.4. Recent developments
- 7.6.2. China National Petroleum Corporation
- 7.6.2.1. Participant's overview
- 7.6.2.2. Financial performance
- 7.6.2.3. Product benchmarking
- 7.6.2.4. Recent developments
- 7.6.3. HollyFrontier Corporation
- 7.6.3.1. Participant's overview
- 7.6.3.2. Financial performance
- 7.6.3.3. Product benchmarking
- 7.6.3.4. Recent developments
- 7.6.4. BP P.L.C
- 7.6.4.1. Participant's overview
- 7.6.4.2. Financial performance
- 7.6.4.3. Product benchmarking
- 7.6.4.4. Recent developments
- 7.6.5. NIPPON SEIRO CO., LTD.
- 7.6.5.1. Participant's overview
- 7.6.5.2. Financial performance
- 7.6.5.3. Product benchmarking
- 7.6.5.4. Recent developments
- 7.6.6. Baker Hughes Company
- 7.6.6.1. Participant's overview
- 7.6.6.2. Financial performance
- 7.6.6.3. Product benchmarking
- 7.6.6.4. Recent developments
- 7.6.7. Exxon Mobil Corporation
- 7.6.7.1. Participant's overview
- 7.6.7.2. Financial performance
- 7.6.7.3. Product benchmarking
- 7.6.7.4. Recent developments
- 7.6.8. Sasol Limited
- 7.6.8.1. Participant's overview
- 7.6.8.2. Financial performance
- 7.6.8.3. Product benchmarking
- 7.6.8.4. Recent developments
- 7.6.9. The International Group, Inc.
- 7.6.9.1. Participant's overview
- 7.6.9.2. Financial performance
- 7.6.9.3. Product benchmarking
- 7.6.9.4. Recent developments
- 7.6.10. Evonik Industries AG
- 7.6.10.1. Participant's overview
- 7.6.10.2. Financial performance
- 7.6.10.3. Product benchmarking
- 7.6.10.4. Recent developments
- 7.6.11. BASF SE
- 7.6.11.1. Participant's overview
- 7.6.11.2. Financial performance
- 7.6.11.3. Product benchmarking
- 7.6.11.4. Recent developments
- 7.6.12. Dow Evonik Industries AG
- 7.6.12.1. Participant's overview
- 7.6.12.2. Financial performance
- 7.6.12.3. Product benchmarking
- 7.6.12.4. Recent developments
- 7.6.13. Honeywell International Inc.
- 7.6.13.1. Participant's overview
- 7.6.13.2. Financial performance
- 7.6.13.3. Product benchmarking
- 7.6.13.4. Recent developments
- 7.6.14. Shell
- 7.6.14.1. Participant's overview
- 7.6.14.2. Financial performance
- 7.6.14.3. Product benchmarking
- 7.6.14.4. Recent developments
- 7.6.15. Mitsui Chemicals, Inc.
- 7.6.15.1. Participant's overview
- 7.6.15.2. Financial performance
- 7.6.15.3. Product benchmarking
- 7.6.15.4. Recent developments
- 7.6.1. Sinopec
Product Code: GVR-2-68038-024-8
List of Tables
- Table 1 List of key end-users
- Table 2 Trade balance, 2018 - 2020 (USD Million)
- Table 3 Import statistics for major countries, 2018 - 2020 (USD Million)
- Table 4 Export statistics for major countries, 2018 - 2020 (USD Million)
- Table 5 Global wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 6 Global wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 7 Global wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 8 Global wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 9 North America wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 10 North America wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 11 North America wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 12 North America wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 13 U.S. wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 14 U.S. wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 15 U.S. wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 16 U.S. wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 17 Canada wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 18 Canada wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 19 Canada wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 20 Canada wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 21 Europe wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 22 Europe wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 23 Europe wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 24 Europe wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 25 Germany wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 26 Germany wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 27 Germany wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 28 Germany wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 29 UK wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 30 UK wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 31 UK wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 32 UK wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 33 Asia Pacific wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 34 Asia Pacific wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 35 Asia Pacific wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 36 Asia Pacific wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 37 China wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 38 China wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 39 China wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 40 China wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 41 India wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 42 India wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 43 India wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 44 India wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 45 Central & South America wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 46 Central & South America wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 47 Central & South America wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 48 Central & South America wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 49 Brazil wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 50 Brazil wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 51 Brazil wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 52 Brazil wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 53 Middle East & Africa wax market estimates & forecasts, by product, 2018 - 2030 (Kilotons)
- Table 54 Middle East & Africa wax market estimates & forecasts, by product, 2018 - 2030 (USD Million)
- Table 55 Middle East & Africa wax market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
- Table 56 Middle East & Africa wax market estimates & forecasts, by application, 2018 - 2030 (USD Million)
- Table 57 Key company/competition categorization
- Table 58 List of key distributors and channel partners
- Table 59 Market differentiators
- Table 60 List of emerging/innovative companies
- Table 61 Wax production, by geography (%)List of abbreviation
List of Figures
- Fig. 1 Wax Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Wax Market, Segmental Outlook, 2023 (USD Million)
- Fig. 8 Wax Market, Segmental Outlook, 2023 (USD Million)
- Fig. 9 Global Wax Market Volume & Revenue, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 10 Global Wax Market Value Chain Analysis
- Fig. 11 Wax Market Dynamics
- Fig. 12 Market Driver Analysis
- Fig. 13 Market Restraint Analysis
- Fig. 14 Wax Market: Porter's Analysis
- Fig. 15 Global Wax Market Revenue, By Product, 2023 & 2030 (USD Million)
- Fig. 16 Global Wax Market Revenue, By Application, 2023 & 2030 (USD Million)
- Fig. 17 Global Wax Market Revenue, By Region, 2023 & 2030 (USD Million)
- Fig. 18 Market Share Analysis, 2023z
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