Market Overview:
The global paste wax market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the global paste wax market can be attributed to the increasing demand for automotive, furniture, and metal surface applications. In terms of type, the synthetic wax segment is expected to dominate the global paste wax market during the forecast period. This can be attributed to its properties such as high thermal stability and resistance to water and chemicals.
Product Definition:
Paste Wax is a type of liquid wax that is used to coat and protect wood furniture, floors, and other surfaces. The wax forms a protective barrier that helps to seal out moisture and prevent scratches and other damage. Paste Wax can also be used to give surfaces a glossy finish.
Synthetic Waxes:
Synthetic waxes are man-made or laboratory produced waxes that are used as adhesives for various products. They have a very high melting point and can be easily liquefied, which makes them suitable to use in hot-melt applications. Synthetic wax is also known as paraffin wax or microcrystalline petroleum oil (MCPO) and is represented by the symbol “Wax”.
Natural Wax:
Natural wax is a by-product collected from the processing of oil crops such as soy, palm, and rapeseed. These waxes are free from synthetic additives and colorants. They have high demand in cosmetics & personal care products owing to their ability to provide protection against moisture, enhance texture & add shine to the product they are used with.
Application Insights:
Automotive was the largest application segment in 2017 and accounted for over 60.0% of the global paste wax market. The growing automotive industry, especially in emerging economies such as India and China is expected to have a positive impact on market growth over the forecast period. Growing demand for luxury vehicles is also anticipated to fuel product demand during the forecast period.
The furniture sector has witnessed tremendous growth in recent years owing to increasing consumer spending on home dĩcor projects, which often include new furniture or refurbishing old pieces with fresh coat of paint or paste waxes applied directly onto them. Furniture manufacturers are increasingly using these products due to their durability and easy applicability along with superior protection against spills, scratches and other damage caused by daily use of a piece of furniture at home or at work place respectively across all seasons including spring summer autumn winter .
Regional Analysis:
Asia Pacific was the largest market for paste wax in 2016 and is expected to continue its dominance over the forecast period. The presence of key automobile manufacturers such as Toyota, Honda, Nissan, Suzuki and Mazda has led to high product demand in this region. In addition, growing sales of luxury cars have also fueled demand for luxury vehicle maintenance including paste waxes application.
The furniture industry is one of the significant sectors contributing towards economic growth in most countries across Asia Pacific especially India China Japan and Australia among others owing to increasing disposable income coupled with rising population particularly after 1991 when these countries gained independence from British rule.
Growth Factors:
- Increasing demand from automotive and transportation industry for paste waxes as a protective coating against corrosion and weathering.
- Rising demand for paste waxes in the construction industry as a sealant and finish coatings for concrete, masonry, stone, and other building materials.
- Growing popularity of natural-based paste waxes over synthetic-based ones on account of their environmental friendliness and biodegradability properties.
- Increasing application scope of paste waxes in the furniture manufacturing sector as a finish coat to enhance the appearance and durability of wood products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Paste Wax Market Research Report
By Type
Synthetic Waxes, Natural Wax
By Application
Automotive, Furniture, Metal Surface, Other
By Companies
Turtle Wax, 3M, Henkel, SONAX, Northern Labs, Malco Products, Mother’s, Bullsone, Prestone, Darent Wax, Biaobang, Chief, Tetrosyl (CarPlan), SOFT99, Howard Products, S. C. Johnson & Son
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Paste Wax Market Report Segments:
The global Paste Wax market is segmented on the basis of:
Types
Synthetic Waxes, Natural 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
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:
- Turtle Wax
- 3M
- Henkel
- SONAX
- Northern Labs
- Malco Products
- Mother’s
- Bullsone
- Prestone
- Darent Wax
- Biaobang
- Chief
- Tetrosyl (CarPlan)
- SOFT99
- Howard Products
- S. C. Johnson & Son
Highlights of The Paste Wax 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 Wax
- 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 Paste 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
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?
Paste wax is a type of wax that is used to create a strong and durable seal between two surfaces. Paste wax can be used to create seals between metal parts, plastic parts, or other materials.
Some of the major companies in the paste wax market are Turtle Wax, 3M, Henkel, SONAX, Northern Labs, Malco Products, Mother¢â‚¬â„¢s, Bullsone, Prestone, Darent Wax, Biaobang, Chief, Tetrosyl (CarPlan), SOFT99, Howard Products, S. C. Johnson & Son.
The paste wax market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paste 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. Paste Wax Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Paste Wax Market - Supply Chain
4.5. Global Paste Wax Market Forecast
4.5.1. Paste Wax Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paste Wax Market Size (000 Units) and Y-o-Y Growth
4.5.3. Paste Wax Market Absolute $ Opportunity
5. Global Paste 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. Paste Wax Market Size and Volume Forecast by Type
5.3.1. Synthetic Waxes
5.3.2. Natural Wax
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Paste 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. Paste Wax Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Furniture
6.3.3. Metal Surface
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Paste 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. Paste 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 Paste 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. Paste 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 Paste Wax Demand Share Forecast, 2019-2029
9. North America Paste 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 Paste 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 Paste Wax Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Furniture
9.4.3. Metal Surface
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Paste Wax Market Size and Volume Forecast by Type
9.7.1. Synthetic Waxes
9.7.2. Natural Wax
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 Paste Wax Demand Share Forecast, 2019-2029
10. Latin America Paste 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 Paste 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 Paste Wax Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Furniture
10.4.3. Metal Surface
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Paste Wax Market Size and Volume Forecast by Type
10.7.1. Synthetic Waxes
10.7.2. Natural Wax
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 Paste Wax Demand Share Forecast, 2019-2029
11. Europe Paste 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 Paste 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 Paste Wax Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Furniture
11.4.3. Metal Surface
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Paste Wax Market Size and Volume Forecast by Type
11.7.1. Synthetic Waxes
11.7.2. Natural Wax
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 Paste Wax Demand Share, 2019-2029
12. Asia Pacific Paste 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 Paste 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 Paste Wax Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Furniture
12.4.3. Metal Surface
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Paste Wax Market Size and Volume Forecast by Type
12.7.1. Synthetic Waxes
12.7.2. Natural Wax
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 Paste Wax Demand Share, 2019-2029
13. Middle East & Africa Paste 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 Paste 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 Paste Wax Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Furniture
13.4.3. Metal Surface
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Paste Wax Market Size and Volume Forecast by Type
13.7.1. Synthetic Waxes
13.7.2. Natural Wax
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 Paste Wax Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Paste Wax Market: Market Share Analysis
14.2. Paste Wax Distributors and Customers
14.3. Paste Wax Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Turtle Wax
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3M
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Henkel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SONAX
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Northern Labs
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Malco Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mothers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bullsone
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Prestone
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Darent Wax
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Biaobang
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Chief
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tetrosyl (CarPlan)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SOFT99
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Howard Products
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. S. C. Johnson & Son
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
