PUBLISHER: IMARC | PRODUCT CODE: 1518695
PUBLISHER: IMARC | PRODUCT CODE: 1518695
The global textile wax market size reached US$ 885.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,307.8 Million by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032. The expanding product applications across the textile industry, the rising demand for water-resistant fabrics, and significant advancements in wax formulations represent some of the key factors driving the market.
Textile wax, or paraffin wax, is commonly used in the textile industry to improve the performance of fabrics. It is obtained from petroleum and contains a combination of hydrocarbons that solidify at room temperature. Textile wax forms a barrier on the fabric's surface, offering water resistance to fabrics and making them suitable for outdoor clothing and equipment such as tents, awnings, and backpacks. In addition to this, it increases the durability and strength of fabrics made from cotton or natural fibers, reduces wear and tear, provides a glossy or shiny appearance, and enhances color. Apart from this, it also helps reduce friction between fabrics, making them easier to sew or process. As a result, it is widely used across the apparel industry for a variety of applications, including outdoor gear and everyday clothing.
The textile wax market is primarily driven by the widespread product adoption across the textile industry. The rising demand for water-resistant outdoor clothing and equipment that can withstand harsh weather conditions is propelling the use of hydrophobic treatments in the textile industry, further creating a favorable outlook for the market. Moreover, the increasing product utilization in producing high-quality fabrics with gloss and greater abrasion resistance is acting as another significant growth-inducing factor. Besides this, the escalating consumer awareness regarding environmental sustainability is fueling the demand for eco-friendly alternatives to traditional waterproofing materials, such as petroleum-based waxes, which, in turn, is contributing to the market growth. Concurrent with this, the largescale demand for workwear and uniforms that require durable and water-resistant fabrics to withstand the rigors of the workplace, along with the rising popularity of outdoor activities, such as hiking and camping, is aiding in market expansion. In addition to this, ongoing technological advancements in wax formulations that offer better performance and durability than traditional waxes are presenting remunerative growth opportunities for the market. Furthermore, the expanding product utilization in dyeing and finishing of fabrics and the surging demand for non-woven fabrics in a variety of applications, including hygiene, home products, and medical such as wound dressings, surgical gowns, curtains, and upholstery, are positively impacting the market growth.
IMARC Group provides an analysis of the key trends in each segment of the global textile wax market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type and application.
Yellow Wax
Green Wax
White Wax
Blue Wax
The report has provided a detailed breakup and analysis of the textile wax market based on the type. This includes yellow, green, white, and blue wax. According to the report, white wax represented the largest segment.
Wool
Cotton
Viscose
Others
A detailed breakup and analysis of the textile wax market based on the application has also been provided in the report. This includes wool, cotton, viscose, and others. According to the report, cotton accounted for the largest market share.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for textile wax. Some of the factors driving the Asia Pacific textile wax market included the growing product utilization in the textile industry, the rising popularity of outdoor activities, and the escalating environmental concerns among consumers.
The report has also provided a comprehensive analysis of the competitive landscape in the global textile wax market. Detailed profiles of all major companies have also been provided. Some of the companies covered include American Wax Inc., Ghazi Trading Company, MM International, Reed Wax, The Seydel Companies Inc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.