Market Overview:
The global alcohol wick market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for alcohol wicks from various applications such as hospitals, laboratories, schools, restaurants, and families. In addition, the growing demand for premium-quality products is also contributing to the growth of this market. On the basis of type, the global alcohol wick market can be segmented into 1/2 inch, 3/16 inch, and other types. The 1/2 inch segment is expected to account for a major share of this market during the forecast period owing to its high performance and durability characteristics. On the basis of application, this market can be divided into hospitals & clinics; laboratories; schools; restaurants & catering services; families & households; and others (including military applications).
Product Definition:
Alcohol Wick is a thin, absorbent material made of cotton or other fibrous material, used to draw liquid fuel such as methanol or ethanol up into a lamp's wick. The alcohol in the fuel is drawn up the wick where it is then vaporized and burned. Alcohol Wick helps to ensure that the lamp's flame stays lit by providing a steady supply of fuel.
1/2 Inch:
1/2 inch is a unit of length which is used for measuring the thickness of wicks. It's mainly used in alcohol wicks as it's the most commonly accepted standard worldwide. The 1/2 inch wick has a flame spread distance of approximately 50 feet (15 meters).
The growth factor in alcohol wick market depends on various factors such as type, brand, quality and applications etc.
3/16 Inch:
3/16 inch is a measurement used for wick size. It is an important factor to be considered while selecting the type of wick to use in any hydroponic system. The 3/16 inch wick can be used with a range of substrates such as peat, rockwool, perlite and many others.
Application Insights:
The market is segmented by application into the family, hospital, laboratory, school, restaurant and others. The other applications include industrial and commercial facilities such as wineries and distilleries. Hospital was the largest application segment in 2017 owing to increasing alcohol consumption due to rise in diseases like diabetes which has increased the demand for wicks that are used for heating purposes in hospitals.
Alcohol wick is a non-toxic material made of cellulose acetate which can be used safely by patients who are admitted in hospitals without risk of contamination from other substances such as drugs or lotions. These products have high demand among restaurants & bars where they are used for various applications including steaming food/drinks hot plates warming blankets etc., They also help reduce energy costs while providing reliable heat at an affordable price with no smoke or odor emission making it environment friendly product choice over traditional fuels like wood charcoal etc.
Regional Analysis:
North America dominated the global alcohol wick market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing consumption of e-cigarettes and cigars, coupled with growing popularity for smoking lounges and bars among millennials. The region has witnessed an increase in the number of restaurants that offer a variety high-end food items such as Kobe beef, truffle macaroni cheese, and caviar service menu items; which have led to an increase in demand for premium quality lighting products such as alcohol wicks.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising product demand from countries like Japan, China, India, Australia & New Zealand (INZ), South Korea etc., where smoking lounges are popular among young adults who smoke cigarettes or cigars at home or on special occasions with friends & family members out on weekends or during celebrations etc.
Growth Factors:
- Increasing demand from end-use industries such as healthcare, automotive, and aerospace
- Growing popularity of alcohol wicks in the flameless candle market
- Rising demand for low-emission and fuel-efficient vehicles
- Technological advancements in production processes that improve quality and efficiency
- Growing awareness about the benefits of using alcohol wicks over traditional candles
Scope Of The Report
Report Attributes
Report Details
Report Title
Alcohol Wick Market Research Report
By Type
1/2 Inch, 3/16 Inch, Other
By Application
Hospital, Laboratory, School, Restaurant, Family, Other
By Companies
TSI Incorporated, Wittex, Eisco Scientific, Wiltronics, WAYMIL, DWK
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Alcohol Wick Market Report Segments:
The global Alcohol Wick market is segmented on the basis of:
Types
1/2 Inch, 3/16 Inch, Other
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
Hospital, Laboratory, School, Restaurant, Family, Other
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:
- TSI Incorporated
- Wittex
- Eisco Scientific
- Wiltronics
- WAYMIL
- DWK
Highlights of The Alcohol Wick 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:
- 1/2 Inch
- 3/16 Inch
- Other
- By Application:
- Hospital
- Laboratory
- School
- Restaurant
- Family
- Other
- 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 Alcohol Wick 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Alcohol Wick is a type of candle that uses alcohol as the fuel source. The wick is made of cotton and the flame is created by using a lighter to heat up the alcohol.
Some of the key players operating in the alcohol wick market are TSI Incorporated, Wittex, Eisco Scientific, Wiltronics, WAYMIL, DWK.
The alcohol wick market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alcohol Wick Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alcohol Wick Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alcohol Wick Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alcohol Wick Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alcohol Wick Market Size & Forecast, 2018-2028
4.5.1 Alcohol Wick Market Size and Y-o-Y Growth
4.5.2 Alcohol Wick Market Absolute $ Opportunity
Chapter 5 Global Alcohol Wick Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Alcohol Wick Market Size Forecast by Type
5.2.1 1/2 Inch
5.2.2 3/16 Inch
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Alcohol Wick Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Alcohol Wick Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Laboratory
6.2.3 School
6.2.4 Restaurant
6.2.5 Family
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alcohol Wick Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alcohol Wick Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Alcohol Wick Analysis and Forecast
9.1 Introduction
9.2 North America Alcohol Wick Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Alcohol Wick Market Size Forecast by Type
9.6.1 1/2 Inch
9.6.2 3/16 Inch
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Alcohol Wick Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Laboratory
9.10.3 School
9.10.4 Restaurant
9.10.5 Family
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Alcohol Wick Analysis and Forecast
10.1 Introduction
10.2 Europe Alcohol Wick Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Alcohol Wick Market Size Forecast by Type
10.6.1 1/2 Inch
10.6.2 3/16 Inch
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Alcohol Wick Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Laboratory
10.10.3 School
10.10.4 Restaurant
10.10.5 Family
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Alcohol Wick Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Alcohol Wick Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Alcohol Wick Market Size Forecast by Type
11.6.1 1/2 Inch
11.6.2 3/16 Inch
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Alcohol Wick Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Laboratory
11.10.3 School
11.10.4 Restaurant
11.10.5 Family
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Alcohol Wick Analysis and Forecast
12.1 Introduction
12.2 Latin America Alcohol Wick Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Alcohol Wick Market Size Forecast by Type
12.6.1 1/2 Inch
12.6.2 3/16 Inch
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Alcohol Wick Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Laboratory
12.10.3 School
12.10.4 Restaurant
12.10.5 Family
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Alcohol Wick Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Alcohol Wick Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Alcohol Wick Market Size Forecast by Type
13.6.1 1/2 Inch
13.6.2 3/16 Inch
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Alcohol Wick Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Laboratory
13.10.3 School
13.10.4 Restaurant
13.10.5 Family
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alcohol Wick Market: Competitive Dashboard
14.2 Global Alcohol Wick Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TSI Incorporated
14.3.2 Wittex
14.3.3 Eisco Scientific
14.3.4 Wiltronics
14.3.5 WAYMIL
14.3.6 DWK
