Insights on the Wax Global Market to 2030

DUBLIN, September 23, 2022 /PRNewswire/ — Added the ‘Growing Market by Application, by Type: Global Opportunity Analysis and Industry Forecast, 2020-2030’ report Offer.

Research and market logo

Research and market logo

The global wax market has been assessed $11.6 billion in 2020 and is expected to be achieved $16.7 billion to 2030 and growing at a CAGR of 3.7% from 2021 to 2030.

Wax is an organic ingredient that is solid at normal room temperature but becomes free-flowing at high temperatures. The main commercial source of wax is crude oil. However, waxes are made from plants, lignite, animals and insects. Paraffin/mineral wax, synthetic wax and natural wax are the three types of wax available in the market. These waxes differ in their chemical composition; However, the presence of normal alkanes is always in a high ratio compared to other ingredients.

The high demand for waxes in the packaging industry is driving the growth of the global wax market. Paraffin waxes offer exceptional water resistance and are therefore often used for packaging. Furthermore, increasing demand for waxes from applications such as tires and rubber, coatings and floor polishes is fueling the growth of the market across the globe. Increasing demand for wax from the personal care industry is another driver of wax industry growth. Wax is the most commonly used in the cosmetics and personal care industries.

The personal care industry had a healthy share of the global market in 2019. However, market growth is limited due to high prices for synthetic and natural waxes. In addition, the supply shortage of paraffin/mineral wax is hampering the market growth. However, the growing awareness of natural cosmetics should offer manufacturers great opportunities.

The wax market is segmented by type, application, and region. By type, it is divided into paraffin/mineral wax, synthetic wax, natural wax and others. Depending on the application, it is divided into candles, packaging, emulsions, hot melts, floor waxes and others. A comprehensive regional analysis is carried out North America, Europe, Asia Pacificand LAMEA.

Also Read :  Qatar gears up for FIFA World Cup equity market boom | Qatar World Cup 2022 News

Major players featured in this report include Akzo Nobel NV, Baker Hugher Company, BASF SE, Cepsa, China National Petroleum Corporation, Evonik Industries AG, Exxon Mobil Corporation, HollyFrontier Sinclair Corporation, Honeywell International Inc., The International Group Inc.

Impact of COVID-19 on the global wax market

The outbreak of COVID-19 led to the partial or full closure of non-essential manufacturing facilities due to the ongoing lockdown in key countries including the US, China, Japan, Indiaand Germany. This resulted in either the closure or cessation of their manufacturing activities in most of the industrial units around the world.

The COVID-19 pandemic stagnated production activities in various areas such as packaging, cosmetics, chemicals and candle making. Supply chain disruptions disrupted the supply of raw materials to these industries. As a result, demand for wax from those industries that relied on wax for production decreased. In addition, the decline in demand for cosmetics, candles and consumer goods reduced demand for waxes worldwide.

Main benefits for stakeholders

  • This report provides a quantitative analysis of 2020 to 2030 market segments, current trends, estimates and growth market analysis dynamics to identify the prevailing growth market opportunities.

  • The market research is offered along with information on key drivers, restraints and opportunities.

  • Porter’s Five Forces Analysis highlights the potential of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

  • An in-depth analysis of the growth market segmentation helps in determining the prevailing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution to the global market.

  • The positioning of market participants facilitates benchmarking and provides a clear understanding of the current position of market participants.

  • The report includes the analysis of regional and global growth market trends, key players, market segments, application areas, and market growth strategies.

Main topics covered:



3.1. Market Definition and Scope
3.2. Important Findings
3.2.1. Top investment bags
3.3. Porter’s Five Forces Analysis
3.4. Top player positioning
3.5. market dynamics
3.5.1. driver
3.5.2. limitations
3.5.3. occasions
3.6. COVID-19 Impact Analysis on the Market
3.7. price analysis
3.8. Regulatory Policies
3.9. patent landscape

Also Read :  Bond market jitters continue to sink risk assets, Asian markets set for a mixed open

4.1 Overview
4.1.1 Market Size and Forecast
4.2 Candles
4.2.1 Key Market Trends, Growth Factors and Opportunities
4.2.2 Market Size and Forecast by Region
4.2.3 Market Analysis by Countries
4.3 Packaging
4.3.1 Key Market Trends, Growth Factors and Opportunities
4.3.2 Market Size and Forecast by Region
4.3.3 Market Analysis by Countries
4.4 Emulsions
4.4.1 Key Market Trends, Growth Factors and Opportunities
4.4.2 Market Size and Forecast by Region
4.4.3 Market Analysis by Countries
4.5 Hot Melt Adhesives
4.5.1 Key Market Trends, Growth Factors and Opportunities
4.5.2 Market Size and Forecast by Region
4.5.3 Market Analysis by Countries
4.6 floor wax
4.6.1 Key Market Trends, Growth Factors and Opportunities
4.6.2 Market Size and Forecast by Region
4.6.3 Market Analysis by Countries
4.7 Miscellaneous
4.7.1 Key Market Trends, Growth Factors and Opportunities
4.7.2 Market Size and Forecast by Region
4.7.3 Market Analysis by Countries

5.1 Overview
5.1.1 Market Size and Forecast
5.2 Paraffin/Mineral Wax
5.2.1 Key Market Trends, Growth Factors and Opportunities
5.2.2 Market Size and Forecast by Region
5.2.3 Market Analysis by Countries
5.3 Synthetic Wax
5.3.1 Key Market Trends, Growth Factors and Opportunities
5.3.2 Market Size and Forecast by Region
5.3.3 Market Analysis by Countries
5.4 Natural Wax
5.4.1 Key Market Trends, Growth Factors and Opportunities
5.4.2 Market Size and Forecast by Region
5.4.3 Market Analysis by Countries
5.5 Miscellaneous
5.5.1 Key Market Trends, Growth Factors and Opportunities
5.5.2 Market Size and Forecast by Region
5.5.3 Market Analysis by Countries


7.1. introduction
7.2. The best winning strategies
7.3. Product attribution of the top 10 players
7.4. Competition Dashboard
7.5. Competitive heat map
7.6. Important Developments

Also Read :  Dollar falls against yen, markets suspect intervention

8.1 Akzo Nobel NV
8.1.1 Corporate Overview
8.1.2 Company Snapshot
8.1.3 Operating Business Segments
8.1.4 Product Portfolio
8.1.5 Business Performance
8.1.6 Important strategic steps and developments
8.2 Baker Hughes Company
8.2.1 Corporate Overview
8.2.2 Company Snapshot
8.2.3 Operating Segments
8.2.4 Product Portfolio
8.2.5 Business Performance
8.2.6 Important strategic steps and developments
8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Operating Business Segments
8.3.4 Product Portfolio
8.3.5 Business Performance
8.3.6 Important strategic steps and developments
8.4 Cepsa
8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Operating Business Segments
8.4.4 Product Portfolio
8.4.5 Business Performance
8.4.6 Important strategic steps and developments
8.5 China National Petroleum Corporation
8.5.1 Company Overview
8.5.2 Company Snapshot
8.5.3 Operating Business Segments
8.5.4 Product Portfolio
8.5.5 Business Performance
8.5.6 Important strategic steps and developments
8.6 Evonik Industries AG
8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Operating Business Segments
8.6.4 Product Portfolio
8.6.5 Business Performance
8.6.6 Important strategic steps and developments
8.7 Exxon Mobil Corporation
8.7.1 Company Overview
8.7.2 Company Snapshot
8.7.3 Operating Business Segments
8.7.4 Product Portfolio
8.7.5 Business Performance
8.7.6 Important strategic steps and developments
8.8 Holly Frontier Sinclair Corporation
8.8.1 Company Overview
8.8.2 Company Snapshot
8.8.3 Operating Segments
8.8.4 Product Portfolio
8.8.5 Business Performance
8.8.6 Important strategic steps and developments
8.9 Honeywell International Inc.
8.9.1 Company Overview
8.9.2 Company Snapshot
8.9.3 Operating Segments
8.9.4 Product Portfolio
8.9.5 Business Performance
8.9.6 Important strategic steps and developments
8.10 The International Group Inc.
8.10.1 Company Overview
8.10.2 Company Snapshot
8.10.3 Operating segments
8.10.4 Product Portfolio
8.10.5 Business Performance
8.10.6 Important strategic steps and developments

For more information about this report, visit

Media contact:
research and markets
Laura WoodSenior managers
[email protected]

For EST office hours, call +1-917-300-0470
For US/CAN, call toll free +1-800-526-8630
For GMT office hours, call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716




View original content:—by-application-type-and-region-301632113.html

SOURCE Research and Markets

Source link