Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Synthetic Industrial Wax Market by Type (Industrial Grade, Pharmaceutical Grade, Cosmetics Grade), By Application (Candle, Cosmetics, Packaging, Pharmaceutical, Adhesive & Sealant, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Synthetic Industrial Wax Market by Type (Industrial Grade, Pharmaceutical Grade, Cosmetics Grade), By Application (Candle, Cosmetics, Packaging, Pharmaceutical, Adhesive & Sealant, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 137834 3300 Chemical & Material 377 231 Pages 4.5 (30)
                                          

Market Overview:


The global synthetic industrial wax 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 synthetic industrial waxes from various end-use industries, such as candles, cosmetics, packaging, pharmaceuticals, adhesive & sealants and others. In terms of type, the industrial grade segment is expected to lead the global synthetic industrial wax market during the forecast period. This can be attributed to its growing demand from various end-use industries across different regions.


Global Synthetic Industrial Wax Industry Outlook


Product Definition:


Synthetic industrial waxes are used in a variety of industries, including automotive, aerospace, marine and construction. They are used to improve the performance of products such as paints, coatings, sealants and adhesives. Synthetic industrial waxes help these products adhere better to a surface and resist weathering and fading over time.


Industrial Grade:


Industrial grade is a type of wax that is produced from petroleum and natural gas. It has high melting point, low viscosity & molecular weight, high density and it's used in various end-use industries such as cosmetics & personal care, adhesives & sealants, lubricants packaging materials.


Pharmaceutical Grade:


Pharmaceutical grade is a product that has passed through a series of filtration processes to ensure the removal of particulate matter and impurities. The process does not affect the color, taste, or fragrance of the product. It is used in synthetic industrial wax market as an ingredient for manufacturing polishes and coatings for metal surfaces such as aluminum foil, aluminum-based products (aluminum paper), magnesium alloy papers, tin/brass/copper alloy papers among others.


Application Insights:


The candle application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The product is widely used in candle making as it helps maintain a constant temperature which ensures better quality of candles. It also helps reduce shrinkage caused during cooling, thus maintaining a consistent density throughout the production process. These factors are projected to drive demand for Siwax over the next six years.


Packaging was another key segment that accounted for a significant share of revenue in 2017 owing to rising consumer preference for packaged food products such as frozen meals and snacks over traditional foods due to increasing costs associated with them.


Regional Analysis:


Asia Pacific was the dominant regional segment occupying over 54.0% of the global market in 2017. The region is expected to continue its dominance over the forecast period owing to rapid industrialization and increasing foreign investments coupled with rising living standards among consumers, especially in developing countries such as China, India, Thailand and Indonesia.


China emerged as a major consumer of synthetic industrial waxes due to high demand from various application industries including packaging, pharmaceuticals and cosmetics along with other emerging end-use markets such as adhesives & sealants and candles & scented candles. Rapidly growing automotive industry is also anticipated to drive product demand further in Asia Pacific region during the forecast period.


Europe accounted for a significant share of global market revenue owing to large-scale production facilities set up by leading players operating across Germany, U.K., France Italy Spain Netherlands Belgium Sweden Poland Russia Turkey Ukraine Greece Portugal Romania Croatia Bosnia And Herzegovina Bulgaria Montenegro And others).


Growth Factors:


  • Increasing demand for synthetic industrial wax from end-use industries such as automotive, construction, and packaging
  • Rising investment in the construction sector across the globe
  • Growing demand for lightweight and fuel-efficient vehicles
  • Proliferation of nanotechnology and its increasing application in various end-use industries
  • Stringent environmental regulations to reduce emissions from transportation and manufacturing sectors

Scope Of The Report

Report Attributes

Report Details

Report Title

Synthetic Industrial Wax Market Research Report

By Type

Industrial Grade, Pharmaceutical Grade, Cosmetics Grade

By Application

Candle, Cosmetics, Packaging, Pharmaceutical, Adhesive & Sealant, Others

By Companies

Sasol, The Blayson Group, Indian Oil Corporation, Calumet Specialty Products Partners, Sonneborn, International Group, Koster Keunen, Kerax Limited, Iberceras Specialties, H & R South Africa, Cirebelle Fine Chemicals, Matchem - Specialty Waxes & Inspired Blends, The Darent Wax Company, Royal Dutch Shell, Asian Oil

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

231

Number of Tables & Figures

162

Customization Available

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


Global Synthetic Industrial Wax Market Report Segments:

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

Types

Industrial Grade, Pharmaceutical Grade, Cosmetics Grade

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

Candle, Cosmetics, Packaging, Pharmaceutical, Adhesive & Sealant, 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:

  1. Sasol
  2. The Blayson Group
  3. Indian Oil Corporation
  4. Calumet Specialty Products Partners
  5. Sonneborn
  6. International Group
  7. Koster Keunen
  8. Kerax Limited
  9. Iberceras Specialties
  10. H & R South Africa
  11. Cirebelle Fine Chemicals
  12. Matchem - Specialty Waxes & Inspired Blends
  13. The Darent Wax Company
  14. Royal Dutch Shell
  15. Asian Oil

Global Synthetic Industrial Wax Market Overview


Highlights of The Synthetic 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. Industrial Grade
    2. Pharmaceutical Grade
    3. Cosmetics Grade
  1. By Application:

    1. Candle
    2. Cosmetics
    3. Packaging
    4. Pharmaceutical
    5. Adhesive & Sealant
    6. Others
  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 Synthetic 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 Synthetic 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?


Synthetic industrial wax is a type of synthetic polymer that is used as a coating or sealant on many different surfaces. It can be used to protect metal, plastic, and other materials from moisture and corrosion.

Some of the key players operating in the synthetic industrial wax market are Sasol, The Blayson Group, Indian Oil Corporation, Calumet Specialty Products Partners, Sonneborn, International Group, Koster Keunen, Kerax Limited, Iberceras Specialties, H & R South Africa, Cirebelle Fine Chemicals, Matchem - Specialty Waxes & Inspired Blends, The Darent Wax Company, Royal Dutch Shell, Asian Oil.

The synthetic industrial wax market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Synthetic 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. Synthetic 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. Synthetic Industrial Wax Market - Supply Chain
   4.5. Global Synthetic Industrial Wax Market Forecast
      4.5.1. Synthetic Industrial Wax Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Synthetic Industrial Wax Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Synthetic Industrial Wax Market Absolute $ Opportunity

5. Global Synthetic 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. Synthetic Industrial Wax Market Size and Volume Forecast by Type
      5.3.1. Industrial Grade
      5.3.2. Pharmaceutical Grade
      5.3.3. Cosmetics Grade
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Synthetic 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. Synthetic Industrial Wax Market Size and Volume Forecast by Application
      6.3.1. Candle
      6.3.2. Cosmetics
      6.3.3. Packaging
      6.3.4. Pharmaceutical
      6.3.5. Adhesive & Sealant
      6.3.6. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Synthetic 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. Synthetic 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 Synthetic 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. Synthetic 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 Synthetic Industrial Wax Demand Share Forecast, 2019-2029

9. North America Synthetic 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 Synthetic 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 Synthetic Industrial Wax Market Size and Volume Forecast by Application
      9.4.1. Candle
      9.4.2. Cosmetics
      9.4.3. Packaging
      9.4.4. Pharmaceutical
      9.4.5. Adhesive & Sealant
      9.4.6. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Synthetic Industrial Wax Market Size and Volume Forecast by Type
      9.7.1. Industrial Grade
      9.7.2. Pharmaceutical Grade
      9.7.3. Cosmetics Grade
   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 Synthetic Industrial Wax Demand Share Forecast, 2019-2029

10. Latin America Synthetic 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 Synthetic 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 Synthetic Industrial Wax Market Size and Volume Forecast by Application
      10.4.1. Candle
      10.4.2. Cosmetics
      10.4.3. Packaging
      10.4.4. Pharmaceutical
      10.4.5. Adhesive & Sealant
      10.4.6. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Synthetic Industrial Wax Market Size and Volume Forecast by Type
      10.7.1. Industrial Grade
      10.7.2. Pharmaceutical Grade
      10.7.3. Cosmetics Grade
   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 Synthetic Industrial Wax Demand Share Forecast, 2019-2029

11. Europe Synthetic 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 Synthetic 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 Synthetic Industrial Wax Market Size and Volume Forecast by Application
      11.4.1. Candle
      11.4.2. Cosmetics
      11.4.3. Packaging
      11.4.4. Pharmaceutical
      11.4.5. Adhesive & Sealant
      11.4.6. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Synthetic Industrial Wax Market Size and Volume Forecast by Type
      11.7.1. Industrial Grade
      11.7.2. Pharmaceutical Grade
      11.7.3. Cosmetics Grade
   11.8. Basis Point Shre (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 Synthetic Industrial Wax Demand Share, 2019-2029

12. Asia Pacific Synthetic 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 Synthetic 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 Synthetic Industrial Wax Market Size and Volume Forecast by Application
      12.4.1. Candle
      12.4.2. Cosmetics
      12.4.3. Packaging
      12.4.4. Pharmaceutical
      12.4.5. Adhesive & Sealant
      12.4.6. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Synthetic Industrial Wax Market Size and Volume Forecast by Type
      12.7.1. Industrial Grade
      12.7.2. Pharmaceutical Grade
      12.7.3. Cosmetics Grade
   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 Synthetic Industrial Wax Demand Share, 2019-2029

13. Middle East & Africa Synthetic 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 Synthetic 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 Synthetic Industrial Wax Market Size and Volume Forecast by Application
      13.4.1. Candle
      13.4.2. Cosmetics
      13.4.3. Packaging
      13.4.4. Pharmaceutical
      13.4.5. Adhesive & Sealant
      13.4.6. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Synthetic Industrial Wax Market Size and Volume Forecast by Type
      13.7.1. Industrial Grade
      13.7.2. Pharmaceutical Grade
      13.7.3. Cosmetics Grade
   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 Synthetic Industrial Wax Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Synthetic Industrial Wax Market: Market Share Analysis
   14.2. Synthetic Industrial Wax Distributors and Customers
   14.3. Synthetic Industrial Wax Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Sasol
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. The Blayson Group
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Indian Oil Corporation
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Calumet Specialty Products Partners
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Sonneborn
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. International Group
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Koster Keunen
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Kerax Limited
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Iberceras Specialties
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. H & R South Africa
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Cirebelle Fine Chemicals
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Matchem - Specialty Waxes & Inspired Blends
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. The Darent Wax Company
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Royal Dutch Shell
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Asian Oil
         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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