Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Industrial Wax Market by Type (Fossil Based, Synthetic Based, Bio Based), By Application (Candles, Packaging, Coatings & Polishing, Hot Melt Adhesive, Tires & Rubber, Cosmetics & Personal Care, Food) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Industrial Wax Market by Type (Fossil Based, Synthetic Based, Bio Based), By Application (Candles, Packaging, Coatings & Polishing, Hot Melt Adhesive, Tires & Rubber, Cosmetics & Personal Care, Food) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 137837 3300 Chemical & Material 377 246 Pages 4.9 (30)
                                          

Market Overview:


The global industrial wax 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 candles, packaging, coatings & polishing, hot melt adhesive, tires & rubber and cosmetics & personal care products. In terms of type, the fossil based segment is expected to dominate the market during the forecast period. However, bio-based industrial waxes are projected to grow at a higher CAGR owing to their environmental friendly nature and superior properties as compared with other types of industrial waxes.


Global Industrial Wax Industry Outlook


Product Definition:


Industrial wax is a synthetic wax that is used as an additive in paints, coatings, and sealants. It helps to improve the flow and leveling of the coating, and it also increases the hardness and gloss of the finished product.


Fossil Based:


Fossil based products are the solid remains or fossilized plants and animals that were living in the past. The term is generally used for referring to carbon-rich organic substances including coal, tar, oil shale, and petroleum. Fossil fuels are formed from plant material that was compressed over a long period of time; these fuels contain energy which can be utilized by the industries for producing various chemicals as well as heat & light.


Synthetic Based:


Synthetic-based waxes are produced from petroleum or natural gas. They are usually preferred over their counterparts as they have a higher melting point and better viscosity. Also, these products do not contain animal or plant fats which makes them suitable for vegan consumers.


The demand for synthetic based wax is increasing owing to its superior properties such as high melting point and low volatility than paraffin waxes, petrolatum, & beeswax.


Application Insights:


Candles were the largest application segment in 2017 and are projected to witness significant growth over the forecast period. The candles manufactured from natural waxes have a longer shelf life as compared to those made from petroleum-based products. Furthermore, these candles offer better heat retention properties which make them ideal for use in electric candle warmers or electric candles. These factors are likely to drive demand for synthetic and bio based waxes over the coming years.


Packaging was another prominent segment accounting for a share of 22% in 2017 owing to growing demand for packaging solutions that address specific requirements of various industries such as food & beverage, medical devices, industrial machinery and electronics among others. Wax coatings play an important role in providing protection against moisture loss due to water vapor during transportation and storage along with enhancing the aesthetic appeal of final products such as bottles, cartons among others used within packaged foods industry worldwide.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam among others. Increasing population coupled with rising living standards have resulted in an increased demand for household products such as candles and packaging materials such as corrugated boxes that are manufactured using waxes. This trend is projected to propel industry growth over the coming years.


Europe accounted for a significant share of revenue in 2017 owing to high demand from end-use industries such as coatings & polishing, hot melt adhesives and tires & rubber applications majorly located across Germany, U.K.


Growth Factors:


  • Increasing demand from end-use industries such as construction, automotive, and packaging
  • Rising demand for industrial waxes in developing countries due to the growth of their economies and rising population
  • Growing use of industrial waxes in emerging applications such as solar energy and medical implants
  • Technological advancements that have led to the development of new products with better performance characteristics
  • Expansion of global trade, which is providing opportunities for companies to export their products to new markets

Scope Of The Report

Report Attributes

Report Details

Report Title

Industrial Wax Market Research Report

By Type

Fossil Based, Synthetic Based, Bio Based

By Application

Candles, Packaging, Coatings & Polishing, Hot Melt Adhesive, Tires & Rubber, Cosmetics & Personal Care, Food

By Companies

Sinopec, Shell, Petrobras, ExxonMobil, Sasol, Lukoil, Numaligarh Refinery, HCI, Blayson, IGI

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

246

Number of Tables & Figures

173

Customization Available

Yes, the report can be customized as per your need.


Global Industrial Wax Market Report Segments:

The global Industrial Wax market is segmented on the basis of:

Types

Fossil Based, Synthetic Based, Bio Based

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

Candles, Packaging, Coatings & Polishing, Hot Melt Adhesive, Tires & Rubber, Cosmetics & Personal Care, Food

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:

  1. Sinopec
  2. Shell
  3. Petrobras
  4. ExxonMobil
  5. Sasol
  6. Lukoil
  7. Numaligarh Refinery
  8. HCI
  9. Blayson
  10. IGI

Global Industrial Wax Market Overview


Highlights of The Industrial Wax Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Fossil Based
    2. Synthetic Based
    3. Bio Based
  1. By Application:

    1. Candles
    2. Packaging
    3. Coatings & Polishing
    4. Hot Melt Adhesive
    5. Tires & Rubber
    6. Cosmetics & Personal Care
    7. Food
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Wax 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

Global Industrial Wax Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Industrial wax is a type of wax that is used in industrial applications. It is a soft, white to yellowish material that can be melted and poured into molds to create products such as candles, figurines, ornaments, and other objects.

Some of the key players operating in the industrial wax market are Sinopec, Shell, Petrobras, ExxonMobil, Sasol, Lukoil, Numaligarh Refinery, HCI, Blayson, IGI.

The industrial wax market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Industrial Wax Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Industrial Wax Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Industrial Wax Market - Supply Chain
   4.5. Global Industrial Wax Market Forecast
      4.5.1. Industrial Wax Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Industrial Wax Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Industrial Wax Market Absolute $ Opportunity

5. Global Industrial Wax Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Industrial Wax Market Size and Volume Forecast by Type
      5.3.1. Fossil Based
      5.3.2. Synthetic Based
      5.3.3. Bio Based
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Industrial Wax Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Industrial Wax Market Size and Volume Forecast by Application
      6.3.1. Candles
      6.3.2. Packaging
      6.3.3. Coatings & Polishing
      6.3.4. Hot Melt Adhesive
      6.3.5. Tires & Rubber
      6.3.6. Cosmetics & Personal Care
      6.3.7. Food
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Industrial Wax Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Industrial Wax Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Industrial Wax Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Industrial Wax Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Industrial Wax Demand Share Forecast, 2019-2029

9. North America Industrial Wax Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Industrial Wax Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Industrial Wax Market Size and Volume Forecast by Application
      9.4.1. Candles
      9.4.2. Packaging
      9.4.3. Coatings & Polishing
      9.4.4. Hot Melt Adhesive
      9.4.5. Tires & Rubber
      9.4.6. Cosmetics & Personal Care
      9.4.7. Food
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Industrial Wax Market Size and Volume Forecast by Type
      9.7.1. Fossil Based
      9.7.2. Synthetic Based
      9.7.3. Bio Based
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Industrial Wax Demand Share Forecast, 2019-2029

10. Latin America Industrial Wax Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Industrial Wax Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Industrial Wax Market Size and Volume Forecast by Application
      10.4.1. Candles
      10.4.2. Packaging
      10.4.3. Coatings & Polishing
      10.4.4. Hot Melt Adhesive
      10.4.5. Tires & Rubber
      10.4.6. Cosmetics & Personal Care
      10.4.7. Food
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Industrial Wax Market Size and Volume Forecast by Type
      10.7.1. Fossil Based
      10.7.2. Synthetic Based
      10.7.3. Bio Based
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Industrial Wax Demand Share Forecast, 2019-2029

11. Europe Industrial Wax Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Industrial Wax Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Industrial Wax Market Size and Volume Forecast by Application
      11.4.1. Candles
      11.4.2. Packaging
      11.4.3. Coatings & Polishing
      11.4.4. Hot Melt Adhesive
      11.4.5. Tires & Rubber
      11.4.6. Cosmetics & Personal Care
      11.4.7. Food
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Industrial Wax Market Size and Volume Forecast by Type
      11.7.1. Fossil Based
      11.7.2. Synthetic Based
      11.7.3. Bio Based
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Industrial Wax Demand Share, 2019-2029

12. Asia Pacific Industrial Wax Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Industrial Wax Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Industrial Wax Market Size and Volume Forecast by Application
      12.4.1. Candles
      12.4.2. Packaging
      12.4.3. Coatings & Polishing
      12.4.4. Hot Melt Adhesive
      12.4.5. Tires & Rubber
      12.4.6. Cosmetics & Personal Care
      12.4.7. Food
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Industrial Wax Market Size and Volume Forecast by Type
      12.7.1. Fossil Based
      12.7.2. Synthetic Based
      12.7.3. Bio Based
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Industrial Wax Demand Share, 2019-2029

13. Middle East & Africa Industrial Wax Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Industrial Wax Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Industrial Wax Market Size and Volume Forecast by Application
      13.4.1. Candles
      13.4.2. Packaging
      13.4.3. Coatings & Polishing
      13.4.4. Hot Melt Adhesive
      13.4.5. Tires & Rubber
      13.4.6. Cosmetics & Personal Care
      13.4.7. Food
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Industrial Wax Market Size and Volume Forecast by Type
      13.7.1. Fossil Based
      13.7.2. Synthetic Based
      13.7.3. Bio Based
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Industrial Wax Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Industrial Wax Market: Market Share Analysis
   14.2. Industrial Wax Distributors and Customers
   14.3. Industrial Wax Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Sinopec
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Shell
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Petrobras
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. ExxonMobil
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Sasol
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Lukoil
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Numaligarh Refinery
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. HCI
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Blayson
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. IGI
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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