Market Overview:
The global liquid waxes market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for liquid waxes from various applications, such as automotive, furniture, metal surface, and other applications. In terms of type, the synthetic wax segment is projected to grow at a higher CAGR than the natural wax segment during the forecast period. The synthetic wax segment is projected to account for more than two-thirds of the global liquid waxes market by 2030.
Product Definition:
Liquid waxes are a class of products that have been developed to provide specific benefits for the user. Liquid waxes can be used as a stand-alone product or in combination with other treatments. They are an important tool for the professional detailer, providing shine and protection while also helping to improve the durability of the finish.
Synthetic Waxes:
Synthetic waxes are man-made, laboratory-engineered materials that look like, feel like and act like natural waxes. They can be used as a direct substitute for natural wax in any application where high temperature resistance is required. Synthetic waxes have been developed over the last century with the objective of developing improved industrial lubricants that would be suitable for use in heavy equipment such as engines and machine tools.
Natural Waxes:
Natural waxes are obtained from plant and animal sources. They are produced in the laboratory by chemical extraction processes using solvents like hexane, which is a type of petroleum-based liquid. The most commonly used natural wax is beeswax, which is also known as carnauba wax. Other types of natural wax include palm, soybean, rapeseed oil and paraffin among others.
The major difference between synthetic.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Liquid waxes are used as a maintenance free lubricant for car windows, exterior body parts, interior body parts and electronics. The growing automotive industry across the globe is expected to be a key factor driving product demand in this segment.
Liquid waxes have high resistance against water, heat & UV light which makes them an ideal choice for marine applications including boats & yachts where durability of products is important. Growing marine industry especially in Asia Pacific coupled with rising disposable income levels of consumers will drive product demand over the forecast period.
Furniture liquid waxes are primarily used on wooden furniture items such as sofas.
Regional Analysis:
Asia Pacific was the leading market and accounted for over 45% of the global revenue in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from countries such as China, India, Japan, South Korea and Taiwan. Rapid industrialization coupled with increasing consumer disposable income levels in these countries will drive industry expansion.
China is one of the largest markets for liquid waxes globally due to rapid industrialization along with a large population base concentrated along with major Chinese cities such as Shanghai, Beijing and Guangzhou are anticipated to boost industry growth in this country during the forecast period. In addition, growing automotive production especially after 2020 when new regulations regarding fuel emissions are relaxed will have a positive impact on market development over next eight years.
Europe was valued at USD X million in 2017 owing to high consumption of synthetic based products particularly from Germany which forms part of Western Europe geographic zone followed by France.
Growth Factors:
- Increasing demand from end-use industries such as automotive and construction
- Rising awareness about the benefits of liquid waxes over traditional waxes
- Growing popularity of liquid waxes among DIY enthusiasts and car enthusiasts
- Technological advancements in production processes that result in better quality products
- Expansion of distribution networks across key markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Waxes Market Research Report
By Type
Synthetic Waxes, Natural Waxes
By Application
Automotive, Furniture, Metal Surface, Other
By Companies
AkzoNobel, BASF, DowDuPont, Liberon, Fiddes, Osmo, Sinopec Limited, Exxon Mobil Corporation, Sasol, Simoniz, AkzoNobel, Bona, GiriWax, Ronseal, Staples
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Waxes Market Report Segments:
The global Liquid Waxes market is segmented on the basis of:
Types
Synthetic Waxes, Natural Waxes
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
Automotive, Furniture, Metal Surface, 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:
- AkzoNobel
- BASF
- DowDuPont
- Liberon
- Fiddes
- Osmo
- Sinopec Limited
- Exxon Mobil Corporation
- Sasol
- Simoniz
- AkzoNobel
- Bona
- GiriWax
- Ronseal
- Staples
Highlights of The Liquid 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:
- Synthetic Waxes
- Natural Waxes
- By Application:
- Automotive
- Furniture
- Metal Surface
- 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 Liquid 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?
Liquid waxes are a type of wax that is made up of liquid oil and beeswax. They are often used to remove hair, paint, and other surface contaminants from objects.
Some of the major companies in the liquid waxes market are AkzoNobel, BASF, DowDuPont, Liberon, Fiddes, Osmo, Sinopec Limited, Exxon Mobil Corporation, Sasol, Simoniz, AkzoNobel, Bona, GiriWax, Ronseal, Staples.
The liquid waxes 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 Liquid 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 Liquid Waxes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquid 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 Liquid 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 Liquid Waxes Market Size & Forecast, 2018-2028
4.5.1 Liquid Waxes Market Size and Y-o-Y Growth
4.5.2 Liquid Waxes Market Absolute $ Opportunity
Chapter 5 Global Liquid Waxes 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 Liquid Waxes Market Size Forecast by Type
5.2.1 Synthetic Waxes
5.2.2 Natural Waxes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Liquid Waxes 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 Liquid Waxes Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Furniture
6.2.3 Metal Surface
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquid 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 Liquid 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 Liquid Waxes Analysis and Forecast
9.1 Introduction
9.2 North America Liquid Waxes 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 Liquid Waxes Market Size Forecast by Type
9.6.1 Synthetic Waxes
9.6.2 Natural Waxes
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 Liquid Waxes Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Furniture
9.10.3 Metal Surface
9.10.4 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 Liquid Waxes Analysis and Forecast
10.1 Introduction
10.2 Europe Liquid Waxes 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 Liquid Waxes Market Size Forecast by Type
10.6.1 Synthetic Waxes
10.6.2 Natural Waxes
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 Liquid Waxes Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Furniture
10.10.3 Metal Surface
10.10.4 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 Liquid Waxes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Liquid Waxes 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 Liquid Waxes Market Size Forecast by Type
11.6.1 Synthetic Waxes
11.6.2 Natural Waxes
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 Liquid Waxes Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Furniture
11.10.3 Metal Surface
11.10.4 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 Liquid Waxes Analysis and Forecast
12.1 Introduction
12.2 Latin America Liquid Waxes 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 Liquid Waxes Market Size Forecast by Type
12.6.1 Synthetic Waxes
12.6.2 Natural Waxes
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 Liquid Waxes Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Furniture
12.10.3 Metal Surface
12.10.4 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) Liquid Waxes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Liquid Waxes 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) Liquid Waxes Market Size Forecast by Type
13.6.1 Synthetic Waxes
13.6.2 Natural Waxes
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) Liquid Waxes Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Furniture
13.10.3 Metal Surface
13.10.4 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 Liquid Waxes Market: Competitive Dashboard
14.2 Global Liquid Waxes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 BASF
14.3.3 DowDuPont
14.3.4 Liberon
14.3.5 Fiddes
14.3.6 Osmo
14.3.7 Sinopec Limited
14.3.8 Exxon Mobil Corporation
14.3.9 Sasol
14.3.10 Simoniz
14.3.11 AkzoNobel
14.3.12 Bona
14.3.13 GiriWax
14.3.14 Ronseal
14.3.15 Staples
