Market Overview:
The global synthetic beeswax market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for synthetic beeswax from various applications such as cream, lipstick, depilatory product and others. In addition, the growing awareness about the benefits of using synthetic beeswax is also propelling the growth of this market. Based on type, pastille accounted for a major share of the global synthetic beeswax market in 2017. This segment is projected to grow at a CAGR of 6% during the forecast period. On account of its properties such as high melting point and low volatility, pastille is widely used in various applications including cream and lipstick products. In terms of application, cream held a dominant position in 2017 and is projected to grow at a CAGR of 5% during 2018-2030 owing to its properties such as moisturizing effect and long lasting nature.
Product Definition:
Synthetic Beeswax is a mixture of hydrocarbons that are created artificially. It is used as an ingredient in cosmetics, lip balms, and candles. Synthetic beeswax can be made from a variety of different materials, including petrolatum, paraffin wax, or microcrystalline wax.
Pastille:
Pastille is a crystalline honey-like substance produced by the bees. It is formed in wax cells and stored in the hive. During extraction process, it is heated at a very high temperature to melt the wax and separate it from other materials present inside the beehive. The melted pastille can then be used as an alternative for regular wax used for sealing or coating paper, cardboards, etc.
Wax:
Wax is a natural by-product of the honeycomb and consists of fatty acids, long-chained alcohols, long-chain saturated hydrocarbons, and shorter chain unsaturated hydrocarbons. Waxes are produced in almost all plants; however some plants do not produce wax in large quantities. The most common plant that produces wax in abundance is the soybean plant (Glycine max).
Application Insights:
Cream was the largest application segment in terms of revenue and is expected to witness growth at a CAGR of XX% over the forecast period. Growing demand for creams in various applications such as make-up, candles, and massage oils is anticipated to drive product demand over the forecast period. In addition, growing awareness regarding health benefits associated with natural ingredients used in cosmetics is projected to promote product usage across different applications including lipsticks and depilatories.
Lipstick application segment accounted for USD 446 million in 2017 owing to its extensive use as a cosmetic ingredient across various products such as lipsticks, glosses/lip balms/sugar scrubs among others.
Regional Analysis:
Europe was the largest market for the product and accounted for over 35% of global share in 2017. Europe has been witnessing increasing demand from several cosmetic application segments, such as lipsticks, creams, and depilatory products. The region is expected to maintain its dominance during the forecast period owing to rising consumer awareness regarding health & hygiene coupled with a growing preference for natural ingredients-based cosmetics.
Asia Pacific is anticipated to be one of the fastest-growing regional markets during the forecast years on account of rapid urbanization and expanding population base in emerging economies including China, India, Indonesia among others are expected to drive product demand across various applications over next eight years.
Growth Factors:
- Increasing demand for natural waxes in various end-use industries
- Rising awareness about the benefits of synthetic beeswax over other waxes
- Growing popularity of candles and other personal care products made from synthetic beeswax
- Technological advancements in the production of synthetic beeswax that improve its quality and performance
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Beeswax Market Research Report
By Type
Pastille, Wax
By Application
Cream, Lipstick, Depilatory Product, Others
By Companies
Northern Technologies, Koster Keunen(Paramelt BV), ROELMI HPC, A&A Fratelli Parodi, The International Group, TH. C. tromm, Croda
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Beeswax Market Report Segments:
The global Synthetic Beeswax market is segmented on the basis of:
Types
Pastille, Wax
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
Cream, Lipstick, Depilatory Product, 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:
- Northern Technologies
- Koster Keunen(Paramelt BV)
- ROELMI HPC
- A&A Fratelli Parodi
- The International Group
- TH. C. tromm
- Croda
Highlights of The Synthetic Beeswax 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:
- Pastille
- Wax
- By Application:
- Cream
- Lipstick
- Depilatory Product
- 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 Synthetic Beeswax 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?
Synthetic beeswax is a man-made product that is made from petroleum and other chemicals.
Some of the major companies in the synthetic beeswax market are Northern Technologies, Koster Keunen(Paramelt BV), ROELMI HPC, A&A Fratelli Parodi, The International Group, TH. C. tromm, Croda.
The synthetic beeswax market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Beeswax 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 Synthetic Beeswax Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Beeswax 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 Synthetic Beeswax 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 Synthetic Beeswax Market Size & Forecast, 2020-2028
4.5.1 Synthetic Beeswax Market Size and Y-o-Y Growth
4.5.2 Synthetic Beeswax 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 Pastille
5.2.2 Wax
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 Cream
6.2.2 Lipstick
6.2.3 Depilatory Product
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Beeswax 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 Synthetic Beeswax 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 Pastille
9.6.2 Wax
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 Cream
9.10.2 Lipstick
9.10.3 Depilatory Product
9.10.4 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 Pastille
10.6.2 Wax
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 Cream
10.10.2 Lipstick
10.10.3 Depilatory Product
10.10.4 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 Pastille
11.6.2 Wax
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 Cream
11.10.2 Lipstick
11.10.3 Depilatory Product
11.10.4 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 Pastille
12.6.2 Wax
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 Cream
12.10.2 Lipstick
12.10.3 Depilatory Product
12.10.4 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 Pastille
13.6.2 Wax
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 Cream
13.10.2 Lipstick
13.10.3 Depilatory Product
13.10.4 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 Synthetic Beeswax Market: Competitive Dashboard
14.2 Global Synthetic Beeswax Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Northern Technologies
14.3.2 Koster Keunen(Paramelt BV)
14.3.3 ROELMI HPC
14.3.4 A&A Fratelli Parodi
14.3.5 The International Group
14.3.6 TH. C. tromm
14.3.7 Croda
