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.
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:
- 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
Highlights of The Synthetic Industrial 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:
- Industrial Grade
- Pharmaceutical Grade
- Cosmetics Grade
- By Application:
- Candle
- Cosmetics
- Packaging
- Pharmaceutical
- Adhesive & Sealant
- 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 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.
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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?
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
