Market Overview:
The global bio-based industrial wax market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bio-based products across different applications, and the growing awareness about the benefits of using bio-based products over conventional petroleum-based products. The global bio-based industrial wax market is segmented on the basis of type, application, and region. On the basis of type, it is divided into industrial grade, pharmaceutical grade, and cosmetics grade. The application segment includes candle making, cosmetics manufacturing, packaging industry, pharmaceuticals industry adhesive & sealant industry among others. Region wise it covers North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U K), Asia Pacific (China Japan India South Korea Australia New Zealand) Middle East Africa(GCC Countries Turkey Iran Israel South Africa).
Product Definition:
Bio-based industrial wax is made up of natural materials that come from plants or other renewable resources. It is used in a variety of ways, including as a lubricant, polisher, and sealant. Bio-based industrial wax can also be added to paints and coatings to improve their durability and resistance to weathering.
Industrial Grade:
Industrial grade is a product that is used in various end-use industries such as automotive, construction, packaging and labeling. It has high melting point and low molecular weight which makes it ideal for use in the above-mentioned end uses. The growth factor of industrial grade wax depends on its application.
Pharmaceutical Grade:
Pharmaceutical grade is a product that has passed through several quality control procedures and is free from any contamination. It has been used in the pharmaceutical industry for tablet processing, compounding, and manufacturing drugs. The waxes are processed via supercritical fluid CO2 extraction which yields high purity products with almost zero impurities. Pharmaceutical grade products have uniform molecular weight distribution (MWD), low surface area, high melting point & viscosity as well as specific gravity properties.
Application Insights:
Candle application dominated the global bio-based industrial wax market, accounting for over 35.0% of the overall revenue share in 2017. The product is widely used in candle making as it helps to create a smooth surface and provides an attractive look to candles. Furthermore, growing demand for candles owing to their various benefits including fragrance emission and therapeutic properties is expected to boost industry growth over the forecast period.
Packaging was one of the fastest growing segments with a CAGR of XX% from 2018 to 2030 on account of increasing demand for bioplastics across various industries coupled with rising concerns regarding food safety.
Regional Analysis:
North America was the largest regional market in 2017 owing to the presence of a large number of bio-based industrial wax manufacturers. The region is expected to maintain its dominance over the forecast period due to increasing demand for candles and packaging applications. In addition, growing pharmaceutical industry in this region will drive growth further.
Asia Pacific is projected to be one of the fastest-growing markets during the forecast years on account of rapid development in emerging economies such as India and China along with other countries such as Indonesia, Vietnam, Thailand, Philippines etc. Increasing population coupled with rising living standards has resulted into increased demand for packaged food items which will fuel growth further over next eight years or so.
Growth Factors:
- Increasing demand for bio-based industrial waxes from end-use industries, owing to their properties such as thermal stability, low volatility, and non-toxicity
- Rising awareness about the benefits of bio-based industrial waxes over petrochemical counterparts among consumers
- Proliferation of green technologies and initiatives across various sectors that are likely to drive the demand for bio-based industrial waxes in the near future
- Growing investments in research and development activities for developing innovative bio-based industrial wax products
- Stringent environmental regulations mandating use of ecofriendly products across various industries is expected to create lucrative opportunities for growth of the global Bio based Industrial Wax market in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-based Industrial Wax Market Research Report
By Type
Industrial Grade, Pharmaceutical Grade, Cosmetics Grade
By Application
Candle, Cosmetics, Packaging, Pharmaceutical, Adhesive & Sealant, Others
By Companies
Sasol, The Blayson Group, Indian Oil Corporation, Calumet Specialty Products Partners, Sonneborn, International Group, Koster Keunen, Kerax Limited, Iberceras Specialties, H & R South Africa, Cirebelle Fine Chemicals, Matchem - Specialty Waxes & Inspired Blends, The Darent Wax Company, Royal Dutch Shell, Asian Oil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Bio-based Industrial Wax Market Report Segments:
The global Bio-based Industrial Wax market is segmented on the basis of:
Types
Industrial Grade, Pharmaceutical Grade, Cosmetics Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Candle, Cosmetics, Packaging, Pharmaceutical, Adhesive & Sealant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sasol
- The Blayson Group
- Indian Oil Corporation
- Calumet Specialty Products Partners
- Sonneborn
- International Group
- Koster Keunen
- Kerax Limited
- Iberceras Specialties
- H & R South Africa
- Cirebelle Fine Chemicals
- Matchem - Specialty Waxes & Inspired Blends
- The Darent Wax Company
- Royal Dutch Shell
- Asian Oil
Highlights of The Bio-based Industrial Wax Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Pharmaceutical Grade
- Cosmetics Grade
- By Application:
- Candle
- Cosmetics
- Packaging
- Pharmaceutical
- Adhesive & Sealant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-based Industrial Wax Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-based industrial wax is a type of wax made from plant or animal sources.
Some of the major companies in the bio-based industrial wax market are Sasol, The Blayson Group, Indian Oil Corporation, Calumet Specialty Products Partners, Sonneborn, International Group, Koster Keunen, Kerax Limited, Iberceras Specialties, H & R South Africa, Cirebelle Fine Chemicals, Matchem - Specialty Waxes & Inspired Blends, The Darent Wax Company, Royal Dutch Shell, Asian Oil.
The bio-based industrial wax market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bio-based Industrial Wax Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bio-based Industrial Wax Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bio-based Industrial Wax Market - Supply Chain
4.5. Global Bio-based Industrial Wax Market Forecast
4.5.1. Bio-based Industrial Wax Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bio-based Industrial Wax Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bio-based Industrial Wax Market Absolute $ Opportunity
5. Global Bio-based Industrial Wax Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bio-based Industrial Wax Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Pharmaceutical Grade
5.3.3. Cosmetics Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bio-based Industrial Wax Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bio-based Industrial Wax Market Size and Volume Forecast by Application
6.3.1. Candle
6.3.2. Cosmetics
6.3.3. Packaging
6.3.4. Pharmaceutical
6.3.5. Adhesive & Sealant
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bio-based Industrial Wax Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bio-based Industrial Wax Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bio-based Industrial Wax Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bio-based Industrial Wax Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bio-based Industrial Wax Demand Share Forecast, 2019-2029
9. North America Bio-based Industrial Wax Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bio-based Industrial Wax Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bio-based Industrial Wax Market Size and Volume Forecast by Application
9.4.1. Candle
9.4.2. Cosmetics
9.4.3. Packaging
9.4.4. Pharmaceutical
9.4.5. Adhesive & Sealant
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bio-based Industrial Wax Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Pharmaceutical Grade
9.7.3. Cosmetics Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bio-based Industrial Wax Demand Share Forecast, 2019-2029
10. Latin America Bio-based Industrial Wax Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bio-based Industrial Wax Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bio-based Industrial Wax Market Size and Volume Forecast by Application
10.4.1. Candle
10.4.2. Cosmetics
10.4.3. Packaging
10.4.4. Pharmaceutical
10.4.5. Adhesive & Sealant
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bio-based Industrial Wax Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Pharmaceutical Grade
10.7.3. Cosmetics Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bio-based Industrial Wax Demand Share Forecast, 2019-2029
11. Europe Bio-based Industrial Wax Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bio-based Industrial Wax Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bio-based Industrial Wax Market Size and Volume Forecast by Application
11.4.1. Candle
11.4.2. Cosmetics
11.4.3. Packaging
11.4.4. Pharmaceutical
11.4.5. Adhesive & Sealant
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bio-based Industrial Wax Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Pharmaceutical Grade
11.7.3. Cosmetics Grade
11.8. Basis Point Shre (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bio-based Industrial Wax Demand Share, 2019-2029
12. Asia Pacific Bio-based Industrial Wax Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bio-based Industrial Wax Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bio-based Industrial Wax Market Size and Volume Forecast by Application
12.4.1. Candle
12.4.2. Cosmetics
12.4.3. Packaging
12.4.4. Pharmaceutical
12.4.5. Adhesive & Sealant
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bio-based Industrial Wax Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Pharmaceutical Grade
12.7.3. Cosmetics Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bio-based Industrial Wax Demand Share, 2019-2029
13. Middle East & Africa Bio-based Industrial Wax Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bio-based Industrial Wax Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bio-based Industrial Wax Market Size and Volume Forecast by Application
13.4.1. Candle
13.4.2. Cosmetics
13.4.3. Packaging
13.4.4. Pharmaceutical
13.4.5. Adhesive & Sealant
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bio-based Industrial Wax Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Pharmaceutical Grade
13.7.3. Cosmetics Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bio-based Industrial Wax Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Bio-based Industrial Wax Market: Market Share Analysis
14.2. Bio-based Industrial Wax Distributors and Customers
14.3. Bio-based Industrial Wax Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sasol
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The Blayson Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Indian Oil Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Calumet Specialty Products Partners
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sonneborn
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. International Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koster Keunen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kerax Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Iberceras Specialties
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. H & R South Africa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cirebelle Fine Chemicals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Matchem - Specialty Waxes & Inspired Blends
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. The Darent Wax Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Royal Dutch Shell
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Asian Oil
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
