Market Overview:
The global solid waxes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solid waxes from various applications such as automotive, furniture, metal surface, and others. In addition, the growing demand for natural waxes over synthetic waxes is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
A solid wax is a type of organic compound that is composed of long hydrocarbon chains. These compounds are typically insoluble in water but soluble in organic solvents. Solid waxes are used as lubricants, polishes, and waterproofing agents.
Synthetic Waxes:
Synthetic waxes are man-made or laboratory produced waxes that are used as a base material for manufacturing solid (opaque) wax. They have several properties such as high melting point, low viscosity, and high density which makes them suitable to be used in the production of opaque solid wax.
The major applications of synthetic (man-made) wax include packaging and cosmetics industries where they are widely utilized in the production of containers.
Natural Waxes:
Natural waxes are obtained from plant & animal sources, such as petroleum, soybean, palm kernel and beeswax. These products do not contain any synthetic additives or paraffin. They have high melting points ranging from 70°C to 80 °C and low viscosity ranging between that of honey and vegetable oil. Natural waxes are used in solid (paraffin-free) wax production owing to their lower cost than synthetic counterparts.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The product is widely used in automotive applications as it provides excellent hardness, high thermal resistance, and low permeability. It also finds a wide range of applications such as engine parts, transmission components, brake systems and discs/rotors among others.
Solid waxes are extensively used for manufacturing candles that are then used for various end-use industries including furniture making and metal surface coating among others. Furniture was the second largest application segment of solid waxes in 2017 owing to its properties such as durability & hardness along with being cost-effective compared to other products like paraffin or petroleum jelly which are commonly used for similar purposes across all markets globally.
Regional Analysis:
Asia Pacific was the leading market and accounted for over 45% of the global revenue in 2017. The region is expected to witness significant growth on account of increasing automobile production, coupled with growing consumer spending on household durables. China emerged as a major producer and consumer of solid waxes in Asia Pacific owing to its large-scale manufacturing industry, which includes furniture, automobiles, construction materials among other industries.
Europe was the second largest market for global solid waxes followed by North America owing to high demand from end-use industries such as automotive and furniture. Growing environmental concerns have resulted in stringent government regulations regarding VOC emissions from synthetic polymers used across various applications such as interior coating or plastic molded parts manufacturing that are resistant to heat or moisture among others; this factor is anticipated to boost product demand over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food & beverages
- Rising awareness about the benefits of using solid waxes over other forms of waxes
- Growing popularity of natural and organic products
- Technological advancements in production processes that result in improved quality and performance of solid waxes
- Expansion of distribution networks by key players to reach a wider customer base
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid 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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Solid Waxes Market Report Segments:
The global Solid 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 Solid 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 Solid 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?
Solid waxes are a type of wax that is solid at room temperature. They are often used as a sealant or coating on surfaces.
Some of the key players operating in the solid waxes market are AkzoNobel, BASF, DowDuPont, Liberon, Fiddes, Osmo, Sinopec Limited, Exxon Mobil Corporation, Sasol, Simoniz, AkzoNobel, Bona, GiriWax, Ronseal, Staples.
The solid 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 Solid 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 Solid Waxes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid 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 Solid 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 Solid Waxes Market Size & Forecast, 2018-2028
4.5.1 Solid Waxes Market Size and Y-o-Y Growth
4.5.2 Solid Waxes Market Absolute $ Opportunity
Chapter 5 Global Solid 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 Solid 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 Solid 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 Solid 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 Solid 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 Solid 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 Solid Waxes Analysis and Forecast
9.1 Introduction
9.2 North America Solid 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 Solid 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 Solid 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 Solid Waxes Analysis and Forecast
10.1 Introduction
10.2 Europe Solid 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 Solid 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 Solid 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 Solid Waxes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solid 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 Solid 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 Solid 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 Solid Waxes Analysis and Forecast
12.1 Introduction
12.2 Latin America Solid 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 Solid 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 Solid 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) Solid Waxes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solid 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) Solid 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) Solid 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 Solid Waxes Market: Competitive Dashboard
14.2 Global Solid 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
