Market Overview:
The global wax blends 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 natural wax blends and synthetic wax blends across different applications such as food, cosmetics, candles, industrial products, and others. In terms of region, North America is expected to lead the global wax blends market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Wax blends are a mixture of two or more types of wax. They are often used to create specific effects, like adding shine or making something waterproof. Wax blends can also be used to make candles, polish furniture, and seal envelopes.
Natural Wax Blends:
Natural wax blends are a group of natural waxes that are blended together to achieve desired properties. They can be used as an alternative to synthetic polyolefin waxes and have applications in the automotive, industrial, home care and other industries. Natural Wax Blends do not contain any harmful chemicals such as paraffin or petroleum based products which makes them safe for use in various applications.
Synthetic Wax Blends:
Synthetic wax blends are manufactured by mixing paraffin, polyethylene, and other synthetic resins with the help of chemical synthesis. These products have a high melting point and low water solubility which makes them ideal for use in applications that require high-melting point waxes. Synthetic wax blends are used as adhesives or binders in various end-use industries such as packaging, automotive & transportation, textile and paper industry among others.
Application Insights:
The global wax blends market has been segmented on the basis of application into food, cosmetics, candles, industrial products and others. The food application segment led the market in 2017 and is projected to continue its dominance over the forecast period. Increasing demand for packaged foods along with a growing population is expected to drive this growth during the forecast period.
Candles are one of the fastest-growing segments due to increasing consumer preference for home decorating as well as therapeutic benefits associated with these products. Natural candles made from plant-based materials have become increasingly popular alternatives due to their ecofriendly properties and low melting point compared to synthetic counterparts.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand from end-use industries such as food, cosmetics, candles and industrial products. The region is expected to witness moderate growth over the forecast period on account of saturation in end-user industries. However, increasing per capita spending power among consumers is anticipated to drive product demand from candlesticks and other household accessories to electronic gadgets and automobiles.
Asia Pacific wax blends market is projected to grow at a significant rate over the forecast period owing to rapid urbanization along with growing population especially in China, India Japan Malaysia Indonesia Singapore Thailand Vietnam South Korea Philippines Bangladesh Pakistan Sri Lanka Myanmar Russia & Maldives. This has led towards an increase in construction activities for new commercial spaces such as shopping malls offices etc.
Growth Factors:
- Increasing demand for premium fragrances: The global fragrance market is expected to grow at a CAGR of 5.8% from 2016 to 2021. This growth can be attributed to the increasing demand for premium fragrances, especially in developed countries. Wax blends are used in making premium fragrances, which is driving the growth of the wax blends market.
- Growing popularity of candles: Candles are becoming increasingly popular due to their ability to create a relaxing and soothing ambiance. They are also considered as a safer alternative to traditional lighting options such as incandescent bulbs and CFLs. This is driving the growth of the candle industry, which in turn is propelling the growth of the wax blends market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wax Blends Market Research Report
By Type
Natural Wax Blends, Synthetic Wax Blends
By Application
Food, Cosmetics, Candles, Industrial Products, Others
By Companies
Sonneborn, Brenntag, Koster Keunen, Paramold Manufacturing LLC, Wooden Wick, Poth Hille, Holland Chemicals, Industrial Raw Materials LLC, PMC Crystal, Abril Industrial Waxes Ltd, Usocore, Marcus 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Wax Blends Market Report Segments:
The global Wax Blends market is segmented on the basis of:
Types
Natural Wax Blends, Synthetic Wax Blends
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
Food, Cosmetics, Candles, Industrial Products, 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:
- Sonneborn
- Brenntag
- Koster Keunen
- Paramold Manufacturing LLC
- Wooden Wick
- Poth Hille
- Holland Chemicals
- Industrial Raw Materials LLC
- PMC Crystal
- Abril Industrial Waxes Ltd
- Usocore
- Marcus Oil
Highlights of The Wax Blends 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:
- Natural Wax Blends
- Synthetic Wax Blends
- By Application:
- Food
- Cosmetics
- Candles
- Industrial Products
- 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 Wax Blends 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?
Wax blends are a type of candle that use both wax and paraffin wax. The two types of wax are blended together to create a candle that is more durable and has a longer burn time than either type of wax on its own.
Some of the major players in the wax blends market are Sonneborn, Brenntag, Koster Keunen, Paramold Manufacturing LLC, Wooden Wick, Poth Hille, Holland Chemicals, Industrial Raw Materials LLC, PMC Crystal, Abril Industrial Waxes Ltd, Usocore, Marcus Oil.
The wax blends market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wax Blends 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. Wax Blends Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wax Blends Market - Supply Chain
4.5. Global Wax Blends Market Forecast
4.5.1. Wax Blends Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wax Blends Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wax Blends Market Absolute $ Opportunity
5. Global Wax Blends 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. Wax Blends Market Size and Volume Forecast by Type
5.3.1. Natural Wax Blends
5.3.2. Synthetic Wax Blends
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wax Blends 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. Wax Blends Market Size and Volume Forecast by Application
6.3.1. Food
6.3.2. Cosmetics
6.3.3. Candles
6.3.4. Industrial Products
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wax Blends 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. Wax Blends 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 Wax Blends 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. Wax Blends 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 Wax Blends Demand Share Forecast, 2019-2026
9. North America Wax Blends 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 Wax Blends 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 Wax Blends Market Size and Volume Forecast by Application
9.4.1. Food
9.4.2. Cosmetics
9.4.3. Candles
9.4.4. Industrial Products
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wax Blends Market Size and Volume Forecast by Type
9.7.1. Natural Wax Blends
9.7.2. Synthetic Wax Blends
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 Wax Blends Demand Share Forecast, 2019-2026
10. Latin America Wax Blends 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 Wax Blends 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 Wax Blends Market Size and Volume Forecast by Application
10.4.1. Food
10.4.2. Cosmetics
10.4.3. Candles
10.4.4. Industrial Products
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wax Blends Market Size and Volume Forecast by Type
10.7.1. Natural Wax Blends
10.7.2. Synthetic Wax Blends
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 Wax Blends Demand Share Forecast, 2019-2026
11. Europe Wax Blends 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 Wax Blends 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 Wax Blends Market Size and Volume Forecast by Application
11.4.1. Food
11.4.2. Cosmetics
11.4.3. Candles
11.4.4. Industrial Products
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wax Blends Market Size and Volume Forecast by Type
11.7.1. Natural Wax Blends
11.7.2. Synthetic Wax Blends
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 Wax Blends Demand Share, 2019-2026
12. Asia Pacific Wax Blends 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 Wax Blends 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 Wax Blends Market Size and Volume Forecast by Application
12.4.1. Food
12.4.2. Cosmetics
12.4.3. Candles
12.4.4. Industrial Products
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wax Blends Market Size and Volume Forecast by Type
12.7.1. Natural Wax Blends
12.7.2. Synthetic Wax Blends
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 Wax Blends Demand Share, 2019-2026
13. Middle East & Africa Wax Blends 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 Wax Blends 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 Wax Blends Market Size and Volume Forecast by Application
13.4.1. Food
13.4.2. Cosmetics
13.4.3. Candles
13.4.4. Industrial Products
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wax Blends Market Size and Volume Forecast by Type
13.7.1. Natural Wax Blends
13.7.2. Synthetic Wax Blends
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 Wax Blends Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wax Blends Market: Market Share Analysis
14.2. Wax Blends Distributors and Customers
14.3. Wax Blends Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sonneborn
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Brenntag
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Koster Keunen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Paramold Manufacturing LLC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wooden Wick
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Poth Hille
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Holland Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Industrial Raw Materials LLC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PMC Crystal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Abril Industrial Waxes Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Usocore
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Marcus Oil
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
