Market Overview:
The global specialty petroleum wax market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for specialty petroleum wax in various applications such as industry, consumer goods, food, medicine and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand from countries such as China and India.
Product Definition:
A specialty petroleum wax is a type of wax that is made from petroleum. It is used in many different applications, including as a lubricant and a coating.
Rubber Wax:
Rubber wax is a type of petroleum or mineral oil-based coating that is produced from the polymerization process of ethylene and alpha-olefins. The product has high solid content and low liquid content, which makes it suitable for use in tire production. It also finds application in the footwear industry as well as other end-use industries including automotive, textile, construction materials & paper making.
Explosive Wax:
Explosive wax is a hydrocarbon-based solid that consists of paraffin, petrolatum (petroleum jelly), and microcrystalline wax. It has high melting point than other petroleum based products and also has low molecular weight which makes it an ideal product for use in the tire industry. The major application of this product is to be used as a binder for cordage, paper & board making, mining explosives, model building materials & others.
Application Insights:
The industry segment held the largest market share in 2017 and is estimated to expand at a CAGR of XX% over the forecast period. The growth can be attributed to its increasing use in manufacturing industries for various applications such as flooring, furniture polishing, paper coating and others. Specialty petroleum waxes are also used in several consumer goods such as cosmetics containers, shaving equipment handles, shoe polish brushes and others.
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, especially in China, India, Thailand and Indonesia. In addition, rising consumer disposable income levels coupled with an expanding middle-class population group will drive product demand further.
The growing electronic industry in Asia Pacific is also likely to benefit from specialty petroleum waxes as they are used as a coating material for printed circuit boards during manufacturing processes such as screen printing or gravure printing. Specialty petroleum waxes are also widely used across several other end-use industries such as medical devices & pharmaceuticals where they serve various purposes including lubrication and protection against moisture & corrosion among others.
Europe was the second largest market accounting for over 20% of global volume share owing to high automotive vehicle production along with rapidly developing electronics industry particularly in Germany, U K.
Growth Factors:
- Increasing demand for specialty petroleum wax in end-use industries such as cosmetics, pharmaceuticals, and food & beverages due to its properties such as non-toxicity, biodegradability, and eco-friendliness.
- Rising demand for specialty petroleum wax from emerging economies due to the growth of their respective end-use industries.
- Growing use of specialty petroleum wax in personal care products owing to its properties such as transparency, glossiness, softness, and spreadability.
- Increasing investments by key players in research & development activities to develop new products with better performance characteristics that can cater to the specific needs of various end-use industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Petroleum Wax Market Research Report
By Type
Rubber Wax, Explosive Wax, Electronic Wax, Daily Use Wax, Car Wax, Other
By Application
Industry, Consumer Goods, Food, Medicine, Other
By Companies
Shell, Exxon Mobil, H&R Group, Sasol, Freeman Mfg. & Supply, Chevron Phillips Chemical, Sinopec, CNPC
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Petroleum Wax Market Report Segments:
The global Specialty Petroleum Wax market is segmented on the basis of:
Types
Rubber Wax, Explosive Wax, Electronic Wax, Daily Use Wax, Car Wax, Other
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
Industry, Consumer Goods, Food, Medicine, 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:
- Shell
- Exxon Mobil
- H&R Group
- Sasol
- Freeman Mfg. & Supply
- Chevron Phillips Chemical
- Sinopec
- CNPC
Highlights of The Specialty Petroleum 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:
- Rubber Wax
- Explosive Wax
- Electronic Wax
- Daily Use Wax
- Car Wax
- Other
- By Application:
- Industry
- Consumer Goods
- Food
- Medicine
- 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 Specialty Petroleum 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.
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- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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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?
Specialty petroleum wax is a type of wax that is made from a blend of different types of oil. This makes it more versatile and easier to work with than other types of waxes. It can be used for a variety of applications, including candles, polish, and skin care products.
Some of the major companies in the specialty petroleum wax market are Shell, Exxon Mobil, H&R Group, Sasol, Freeman Mfg. & Supply, Chevron Phillips Chemical, Sinopec, CNPC.
The specialty petroleum wax market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Petroleum 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. Specialty Petroleum Wax Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specialty Petroleum Wax Market - Supply Chain
4.5. Global Specialty Petroleum Wax Market Forecast
4.5.1. Specialty Petroleum Wax Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Petroleum Wax Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specialty Petroleum Wax Market Absolute $ Opportunity
5. Global Specialty Petroleum 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. Specialty Petroleum Wax Market Size and Volume Forecast by Type
5.3.1. Rubber Wax
5.3.2. Explosive Wax
5.3.3. Electronic Wax
5.3.4. Daily Use Wax
5.3.5. Car Wax
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specialty Petroleum 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. Specialty Petroleum Wax Market Size and Volume Forecast by Application
6.3.1. Industry
6.3.2. Consumer Goods
6.3.3. Food
6.3.4. Medicine
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specialty Petroleum 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. Specialty Petroleum 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 Specialty Petroleum 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. Specialty Petroleum 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 Specialty Petroleum Wax Demand Share Forecast, 2019-2026
9. North America Specialty Petroleum 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 Specialty Petroleum 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 Specialty Petroleum Wax Market Size and Volume Forecast by Application
9.4.1. Industry
9.4.2. Consumer Goods
9.4.3. Food
9.4.4. Medicine
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Specialty Petroleum Wax Market Size and Volume Forecast by Type
9.7.1. Rubber Wax
9.7.2. Explosive Wax
9.7.3. Electronic Wax
9.7.4. Daily Use Wax
9.7.5. Car Wax
9.7.6. Other
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 Specialty Petroleum Wax Demand Share Forecast, 2019-2026
10. Latin America Specialty Petroleum 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 Specialty Petroleum 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 Specialty Petroleum Wax Market Size and Volume Forecast by Application
10.4.1. Industry
10.4.2. Consumer Goods
10.4.3. Food
10.4.4. Medicine
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Specialty Petroleum Wax Market Size and Volume Forecast by Type
10.7.1. Rubber Wax
10.7.2. Explosive Wax
10.7.3. Electronic Wax
10.7.4. Daily Use Wax
10.7.5. Car Wax
10.7.6. Other
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 Specialty Petroleum Wax Demand Share Forecast, 2019-2026
11. Europe Specialty Petroleum 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 Specialty Petroleum 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 Specialty Petroleum Wax Market Size and Volume Forecast by Application
11.4.1. Industry
11.4.2. Consumer Goods
11.4.3. Food
11.4.4. Medicine
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Specialty Petroleum Wax Market Size and Volume Forecast by Type
11.7.1. Rubber Wax
11.7.2. Explosive Wax
11.7.3. Electronic Wax
11.7.4. DailyUse Wax
11.7.5. Car Wax
11.7.6. Other
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 Specialty Petroleum Wax Demand Share, 2019-2026
12. Asia Pacific Specialty Petroleum 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 Specialty Petroleum 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 Specialty Petroleum Wax Market Size and Volume Forecast by Application
12.4.1. Industry
12.4.2. Consumer Goods
12.4.3. Food
12.4.4. Medicine
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Specialty Petroleum Wax Market Size and Volume Forecast by Type
12.7.1. Rubber Wax
12.7.2. Explosive Wax
12.7.3. Electronic Wax
12.7.4. Daily Use Wax
12.7.5. Car Wax
12.7.6. Other
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 Specialty Petroleum Wax Demand Share, 2019-2026
13. Middle East & Africa Specialty Petroleum 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 Specialty Petroleum 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 Specialty Petroleum Wax Market Size and Volume Forecast by Application
13.4.1. Industry
13.4.2. Consumer Goods
13.4.3. Food
13.4.4. Medicine
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Specialty Petroleum Wax Market Size and Volume Forecast by Type
13.7.1. Rubber Wax
13.7.2. Explosive Wax
13.7.3. Electronic Wax
13.7.4. Daily Use Wax
13.7.5. Car Wax
13.7.6. Other
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 Specialty Petroleum Wax Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Specialty Petroleum Wax Market: Market Share Analysis
14.2. Specialty Petroleum Wax Distributors and Customers
14.3. Specialty Petroleum Wax Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exxon Mobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. H&R Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sasol
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Freeman Mfg. & Supply
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chevron Phillips Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CNPC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
