Market Overview:
The global hydrocarbon waxes market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for hydrocarbon waxes from various end-use industries such as lubricating additives, plastic additives, paints & coatings, metalworking fluids and others. Based on type, the global hydrocarbon waxes market has been segmented into single type and compound. The single type segment is estimated to account for a major share of the global hydrocarbon waxes market in 2018. However, the compound segment is projected to register highest CAGR during the forecast period owing to its growing demand from end-use industries such as lubricating additives and plastic additives. On basis of application, the global hydrocarbon waxes market has been classified into lubricating additives, plastic additives Paints & coatings Metalworking fluids Others). Lubricating additive application segment dominates th eglobal Hydrocarbons Wax Market with highest value share in 2018 . It ia s also projected t o maintain its dominance throughout th eforecast period . Plastic additive application segm ent i s expected t o witness high growth rate duri ng th e forecast peri od owing t o increasin g demand f or hi gh performanc e plasti cs across variou s industri es .
Product Definition:
A hydrocarbon wax is a type of organic compound that is composed of only hydrogen and carbon atoms. These compounds are typically insoluble in water but soluble in organic solvents. Hydrocarbon waxes are used as lubricants, polishes, and coatings.
Single Type:
Single-type hydrocarbon waxes are produced from one source of raw material and their properties remain the same throughout the production process. They have high demand in various end-use industries such as cosmetics, food packaging, adhesives & sealants and automotive. The market is expected to witness significant growth owing to its increasing application scope in these end-use industries over the forecast period.
Compound:
Compound is a combination of two or more elements, which are chemically bonded. Compounds can be natural or synthetic. Natural compounds include sugar, milk & butter, yeast, and corn syrup whereas synthetic compounds include nylon 6 & 12 and benzene.
Application Insights:
Lubricating additives was the largest application segment in 2016 and is expected to witness growth over the forecast period. The product has a low friction coefficient, high viscosity index and high thermal stability which makes it suitable for use as lubricants in various industrial machinery. It also finds applications as anti-friction agents in manufacturing industries such as food processing, paper & pulp, textile etc. Hydrocarbon waxes are used to improve adhesion of lubricant to metal surfaces thereby providing long-term lubrication protection with low maintenance cost.
The plastic additives segment is anticipated to grow at a CAGR of XX% from 2017 to 2030 owing to its rising demand from various end-use industries including construction materials, automotive parts & components and medical devices among others.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to witness significant growth over the forecast period owing to rapid industrialization, high population density, and increasing per capita income. The region accounted for a volume share of over 54% in 2017. Increasing demand from end-use industries such as lubricants & greases, plastics, paints & coatings will drive the market further.
China is one of the largest consumers of hydrocarbon waxes due to its large manufacturing base for automotive industry coupled with growing domestic consumption for plasticizers and lubricants additives applications. Rapid industrialization along with supportive government policies are anticipated to boost product demand in this country during the forecast period.
Europe was valued at USD X million in 2017 owing to presence of major automobile manufacturers such as BMW Group; Mercedes Benz AG; Volkswagen Group; AUDI AG etc., which has resulted into high consumption levels of hydrocarbon waxes across this region during past few years.
Growth Factors:
- Increasing demand for Hydrocarbon Waxes from end-use industries, such as cosmetics, pharmaceuticals, and agrochemicals
- Rising investment in R&D by hydrocarbon waxes manufacturers to develop new products and applications
- Growing popularity of hydrocarbon waxes as an environmentally friendly alternative to petrochemical-based waxes
- Increasing use of hydrocarbon waxes in the production of high-value products, such as coatings and adhesives
- Proliferation of online retail platforms that offer a wide range of hydrocarbon wax products at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrocarbon Waxes Market Research Report
By Type
Single Type, Compound
By Application
Lubricating Additives, Plastic Additives, Paints & Coatings, Metalworking Fluids, Others
By Companies
Sasol Ltd., Exxon Mobil Corp., Kerax Limited, Faith Industries Limited, Poth Hille & Company Limited, Strahl & Pitsch Inc., Blended Waxes Inc., Calwax Llc, Goyel Chemical Corporation, Valan Wax Products Limited, A F Suter & Company Limited, Matchem, King Honor International Ltd.
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Hydrocarbon Waxes Market Report Segments:
The global Hydrocarbon Waxes market is segmented on the basis of:
Types
Single Type, Compound
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
Lubricating Additives, Plastic Additives, Paints & Coatings, Metalworking Fluids, 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 Ltd.
- Exxon Mobil Corp.
- Kerax Limited
- Faith Industries Limited
- Poth Hille & Company Limited
- Strahl & Pitsch Inc.
- Blended Waxes Inc.
- Calwax Llc
- Goyel Chemical Corporation
- Valan Wax Products Limited
- A F Suter & Company Limited
- Matchem
- King Honor International Ltd.
Highlights of The Hydrocarbon Waxes 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:
- Single Type
- Compound
- By Application:
- Lubricating Additives
- Plastic Additives
- Paints & Coatings
- Metalworking Fluids
- 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 Hydrocarbon Waxes 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?
Hydrocarbon waxes are a type of wax that is made from hydrocarbons. Hydrocarbon waxes are used to create a variety of products, including candles, polish, and lip balm.
Some of the major companies in the hydrocarbon waxes market are Sasol Ltd., Exxon Mobil Corp., Kerax Limited, Faith Industries Limited, Poth Hille & Company Limited, Strahl & Pitsch Inc., Blended Waxes Inc., Calwax Llc, Goyel Chemical Corporation, Valan Wax Products Limited, A F Suter & Company Limited, Matchem, King Honor International Ltd..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrocarbon Waxes 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 Hydrocarbon Waxes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrocarbon Waxes 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 Hydrocarbon Waxes 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 Hydrocarbon Waxes Market Size & Forecast, 2020-2028
4.5.1 Hydrocarbon Waxes Market Size and Y-o-Y Growth
4.5.2 Hydrocarbon Waxes Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Type
5.2.2 Compound
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Lubricating Additives
6.2.2 Plastic Additives
6.2.3 Paints & Coatings
6.2.4 Metalworking Fluids
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrocarbon Waxes 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 Hydrocarbon Waxes 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Type
9.6.2 Compound
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 Market Size Forecast by Applications
9.10.1 Lubricating Additives
9.10.2 Plastic Additives
9.10.3 Paints & Coatings
9.10.4 Metalworking Fluids
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Type
10.6.2 Compound
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 Market Size Forecast by Applications
10.10.1 Lubricating Additives
10.10.2 Plastic Additives
10.10.3 Paints & Coatings
10.10.4 Metalworking Fluids
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Type
11.6.2 Compound
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 Market Size Forecast by Applications
11.10.1 Lubricating Additives
11.10.2 Plastic Additives
11.10.3 Paints & Coatings
11.10.4 Metalworking Fluids
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Type
12.6.2 Compound
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 Market Size Forecast by Applications
12.10.1 Lubricating Additives
12.10.2 Plastic Additives
12.10.3 Paints & Coatings
12.10.4 Metalworking Fluids
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Type
13.6.2 Compound
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) Market Size Forecast by Applications
13.10.1 Lubricating Additives
13.10.2 Plastic Additives
13.10.3 Paints & Coatings
13.10.4 Metalworking Fluids
13.10.5 Others
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 Hydrocarbon Waxes Market: Competitive Dashboard
14.2 Global Hydrocarbon Waxes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sasol Ltd.
14.3.2 Exxon Mobil Corp.
14.3.3 Kerax Limited
14.3.4 Faith Industries Limited
14.3.5 Poth Hille & Company Limited
14.3.6 Strahl & Pitsch Inc.
14.3.7 Blended Waxes Inc.
14.3.8 Calwax Llc
14.3.9 Goyel Chemical Corporation
14.3.10 Valan Wax Products Limited
14.3.11 A F Suter & Company Limited
14.3.12 Matchem
14.3.13 King Honor International Ltd.
