Europe Wax Market Size, Share & Trends Analysis Report By Type (Paraffin/Mineral Wax, Synthetic Wax, Natural Wax, and Other Types), By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The Europe Wax Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,014.65 kilo tonnes, showcasing a growth of 23.1% (2020-2024).

Synthetic waxes, such as polyethylene and Fischer-Tropsch waxes, are manufactured to offer superior performance in industrial applications like coatings, adhesives, and plastics. These waxes provide enhanced hardness, durability, and resistance to heat, making them essential in sectors that require precise, high-performance materials. Synthetic waxes are widely used in automotive coatings, where they deliver a protective, glossy finish. Hence, by the year 2031, 85.44 kilo tonnes of Synthetic wax would be utilized in Germany.

The Germany market dominated the Europe Wax Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $842 million by 2031. The UK market is registering a CAGR of 3.5% during (2024 - 2031). Additionally, The France market would witness a CAGR of 5% during (2024 - 2031).

Waxes are key ingredients in cosmetic and personal care products, providing texture, stability, and performance benefits. They thicken, emulsify, and structure formulations such as lipsticks, creams, lotions, hair styling products, and mascaras. Moreover, waxes are used in pharmaceutical formulations as binders, coatings, and lubricants for tablets, capsules, and suppositories. They help improve drug delivery, enhance shelf life, and provide controlled release of active ingredients.

In addition, in the automotive industry, waxes are used in polishes, coatings, and lubricants to protect and enhance the appearance of vehicle surfaces. They provide shine, water repellency, UV protection, and corrosion resistance to automotive paints, plastics, and metal surfaces. Additionally, waxes are used in the construction industry in applications such as waterproofing, sealants, and concrete additives. They provide moisture resistance, adhesion, and durability to construction materials such as coatings, sealants, and adhesives. Similarly, waxes serve as encapsulants, potting compounds, and conformal coatings in the electronics industry to protect electronic components from moisture, dust, and mechanical damage. They provide insulation, thermal management, and environmental sealing to electronic devices and circuitry.

As the demand for candles grows in Europe, there is a corresponding increase in the consumption of candle wax. Candle manufacturers require large quantities of wax to produce candles of various shapes, sizes, and formulations to meet consumer preferences. This leads to higher demand for wax types commonly used in candle production, such as paraffin wax, soy wax, beeswax, and palm wax. In response to the increased consumer interest in candles for medical, aromatic, and ornamental purposes, European candle manufacturers are now broadening their product offers to fulfill the demands of many market segments. This includes the development of scented candles, decorative candles, specialty candles, and seasonal candles with unique fragrances, colors, and designs. The diversification of candle product offerings drives demand for a wide range of waxes suitable for different candle formulations and applications. Thus, the increasing demand for candles in Europe drives the market's growth.

Based on Type, the market is segmented into Paraffin/Mineral Wax, Synthetic Wax, Natural Wax, and Other Types. Based on Application, the market is segmented into Candles, Packaging, Emulsions, Hot Melts, Floor Polishes, and Other Applications. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

The Dow Chemical Company
Evonik Industries AG (RAG-Stiftung)
Akzo Nobel N.V.
Exxon Mobil Corporation
Solvay SA
BASF SE
Sasol Limited
Shell plc
Honeywell International, Inc.
Kraton Corporation

Europe Wax Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Paraffin/Mineral Wax
Synthetic Wax
Natural Wax
Other Types

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Candles
Packaging
Emulsions
Hot Melts
Floor Polishes
Other Applications

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Wax Market, by Type
- 1.4.2 Europe Wax Market, by Application
- 1.4.3 Europe Wax Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Europe Wax Market by Type

4.1 Europe Paraffin/Mineral Wax Market by Country
4.2 Europe Synthetic Wax Market by Country
4.3 Europe Natural Wax Market by Country
4.4 Europe Other Types Market by Country

Chapter 5. Europe Wax Market by Application

5.1 Europe Candles Market by Country
5.2 Europe Packaging Market by Country
5.3 Europe Emulsions Market by Country
5.4 Europe Hot Melts Market by Country
5.5 Europe Floor Polishes Market by Country
5.6 Europe Other Applications Market by Country

Chapter 6. Europe Wax Market by Country

6.1 Germany Wax Market
- 6.1.1 Germany Wax Market by Type
- 6.1.2 Germany Wax Market by Application
6.2 UK Wax Market
- 6.2.1 UK Wax Market by Type
- 6.2.2 UK Wax Market by Application
6.3 France Wax Market
- 6.3.1 France Wax Market by Type
- 6.3.2 France Wax Market by Application
6.4 Russia Wax Market
- 6.4.1 Russia Wax Market by Type
- 6.4.2 Russia Wax Market by Application
6.5 Spain Wax Market
- 6.5.1 Spain Wax Market by Type
- 6.5.2 Spain Wax Market by Application
6.6 Italy Wax Market
- 6.6.1 Italy Wax Market by Type
- 6.6.2 Italy Wax Market by Application
6.7 Rest of Europe Wax Market
- 6.7.1 Rest of Europe Wax Market by Type
- 6.7.2 Rest of Europe Wax Market by Application

Chapter 7. Company Profiles

7.1 Exxon Mobil Corporation
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
7.2 Solvay SA
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 SWOT Analysis
7.3 BASF SE
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 SWOT Analysis
7.4 The Dow Chemical Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
7.5 Sasol Limited
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
7.6 Shell plc
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
7.7 Evonik Industries AG (RAG-Stiftung)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
7.8 Akzo Nobel N.V.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 SWOT Analysis
7.9 Kraton Corporation
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
7.10. Honeywell International, Inc.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 Europe Wax Market, 2020 - 2023, USD Million
TABLE 2 Europe Wax Market, 2024 - 2031, USD Million
TABLE 3 Europe Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 4 Europe Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 5 Europe Wax Market by Type, 2020 - 2023, USD Million
TABLE 6 Europe Wax Market by Type, 2024 - 2031, USD Million
TABLE 7 Europe Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 8 Europe Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 9 Europe Paraffin/Mineral Wax Market by Country, 2020 - 2023, USD Million
TABLE 10 Europe Paraffin/Mineral Wax Market by Country, 2024 - 2031, USD Million
TABLE 11 Europe Paraffin/Mineral Wax Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 Europe Paraffin/Mineral Wax Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 Europe Synthetic Wax Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Synthetic Wax Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Synthetic Wax Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 Europe Synthetic Wax Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 Europe Natural Wax Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Natural Wax Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Natural Wax Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 Europe Natural Wax Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 Europe Other Types Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Other Types Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Other Types Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 Europe Other Types Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 Europe Wax Market by Application, 2020 - 2023, USD Million
TABLE 26 Europe Wax Market by Application, 2024 - 2031, USD Million
TABLE 27 Europe Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 28 Europe Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 29 Europe Candles Market by Country, 2020 - 2023, USD Million
TABLE 30 Europe Candles Market by Country, 2024 - 2031, USD Million
TABLE 31 Europe Candles Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 Europe Candles Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 Europe Packaging Market by Country, 2020 - 2023, USD Million
TABLE 34 Europe Packaging Market by Country, 2024 - 2031, USD Million
TABLE 35 Europe Packaging Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 Europe Packaging Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 Europe Emulsions Market by Country, 2020 - 2023, USD Million
TABLE 38 Europe Emulsions Market by Country, 2024 - 2031, USD Million
TABLE 39 Europe Emulsions Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 Europe Emulsions Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 Europe Hot Melts Market by Country, 2020 - 2023, USD Million
TABLE 42 Europe Hot Melts Market by Country, 2024 - 2031, USD Million
TABLE 43 Europe Hot Melts Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 Europe Hot Melts Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 Europe Floor Polishes Market by Country, 2020 - 2023, USD Million
TABLE 46 Europe Floor Polishes Market by Country, 2024 - 2031, USD Million
TABLE 47 Europe Floor Polishes Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 Europe Floor Polishes Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 Europe Other Applications Market by Country, 2020 - 2023, USD Million
TABLE 50 Europe Other Applications Market by Country, 2024 - 2031, USD Million
TABLE 51 Europe Other Applications Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 Europe Other Applications Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 Europe Wax Market by Country, 2020 - 2023, USD Million
TABLE 54 Europe Wax Market by Country, 2024 - 2031, USD Million
TABLE 55 Europe Wax Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 56 Europe Wax Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 57 Germany Wax Market, 2020 - 2023, USD Million
TABLE 58 Germany Wax Market, 2024 - 2031, USD Million
TABLE 59 Germany Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 60 Germany Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 61 Germany Wax Market by Type, 2020 - 2023, USD Million
TABLE 62 Germany Wax Market by Type, 2024 - 2031, USD Million
TABLE 63 Germany Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 64 Germany Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 65 Germany Wax Market by Application, 2020 - 2023, USD Million
TABLE 66 Germany Wax Market by Application, 2024 - 2031, USD Million
TABLE 67 Germany Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 68 Germany Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 69 UK Wax Market, 2020 - 2023, USD Million
TABLE 70 UK Wax Market, 2024 - 2031, USD Million
TABLE 71 UK Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 72 UK Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 73 UK Wax Market by Type, 2020 - 2023, USD Million
TABLE 74 UK Wax Market by Type, 2024 - 2031, USD Million
TABLE 75 UK Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 76 UK Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 77 UK Wax Market by Application, 2020 - 2023, USD Million
TABLE 78 UK Wax Market by Application, 2024 - 2031, USD Million
TABLE 79 UK Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 80 UK Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 81 France Wax Market, 2020 - 2023, USD Million
TABLE 82 France Wax Market, 2024 - 2031, USD Million
TABLE 83 France Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 84 France Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 85 France Wax Market by Type, 2020 - 2023, USD Million
TABLE 86 France Wax Market by Type, 2024 - 2031, USD Million
TABLE 87 France Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 88 France Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 89 France Wax Market by Application, 2020 - 2023, USD Million
TABLE 90 France Wax Market by Application, 2024 - 2031, USD Million
TABLE 91 France Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 92 France Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 93 Russia Wax Market, 2020 - 2023, USD Million
TABLE 94 Russia Wax Market, 2024 - 2031, USD Million
TABLE 95 Russia Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 96 Russia Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 97 Russia Wax Market by Type, 2020 - 2023, USD Million
TABLE 98 Russia Wax Market by Type, 2024 - 2031, USD Million
TABLE 99 Russia Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 100 Russia Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 101 Russia Wax Market by Application, 2020 - 2023, USD Million
TABLE 102 Russia Wax Market by Application, 2024 - 2031, USD Million
TABLE 103 Russia Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 104 Russia Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 105 Spain Wax Market, 2020 - 2023, USD Million
TABLE 106 Spain Wax Market, 2024 - 2031, USD Million
TABLE 107 Spain Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 108 Spain Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 109 Spain Wax Market by Type, 2020 - 2023, USD Million
TABLE 110 Spain Wax Market by Type, 2024 - 2031, USD Million
TABLE 111 Spain Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 112 Spain Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 113 Spain Wax Market by Application, 2020 - 2023, USD Million
TABLE 114 Spain Wax Market by Application, 2024 - 2031, USD Million
TABLE 115 Spain Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 116 Spain Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 117 Italy Wax Market, 2020 - 2023, USD Million
TABLE 118 Italy Wax Market, 2024 - 2031, USD Million
TABLE 119 Italy Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 120 Italy Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 121 Italy Wax Market by Type, 2020 - 2023, USD Million
TABLE 122 Italy Wax Market by Type, 2024 - 2031, USD Million
TABLE 123 Italy Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 124 Italy Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 125 Italy Wax Market by Application, 2020 - 2023, USD Million
TABLE 126 Italy Wax Market by Application, 2024 - 2031, USD Million
TABLE 127 Italy Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 128 Italy Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 129 Rest of Europe Wax Market, 2020 - 2023, USD Million
TABLE 130 Rest of Europe Wax Market, 2024 - 2031, USD Million
TABLE 131 Rest of Europe Wax Market, 2020 - 2023, Kilo Tonnes
TABLE 132 Rest of Europe Wax Market, 2024 - 2031, Kilo Tonnes
TABLE 133 Rest of Europe Wax Market by Type, 2020 - 2023, USD Million
TABLE 134 Rest of Europe Wax Market by Type, 2024 - 2031, USD Million
TABLE 135 Rest of Europe Wax Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 136 Rest of Europe Wax Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 137 Rest of Europe Wax Market by Application, 2020 - 2023, USD Million
TABLE 138 Rest of Europe Wax Market by Application, 2024 - 2031, USD Million
TABLE 139 Rest of Europe Wax Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 140 Rest of Europe Wax Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 141 Key Information - Exxon Mobil Corporation
TABLE 142 Key Information - Solvay SA
TABLE 143 Key Information - BASF SE
TABLE 144 Key Information - The Dow Chemical Company
TABLE 145 Key Information - Sasol Limited
TABLE 146 Key Information - Shell plc
TABLE 147 Key Information - Evonik Industries AG
TABLE 148 Key information - Akzo Nobel N.V.
TABLE 149 Key Information - Kraton Corporation
TABLE 150 Key Information - Honeywell International, Inc.

Europe Wax Market Size, Share & Trends Analysis Report By Type (Paraffin/Mineral Wax, Synthetic Wax, Natural Wax, and Other Types), By Application, By Country and Growth Forecast, 2024 - 2031