Market Overview:
The global wood wax market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the wood wax market can be attributed to the increasing demand for medium density fiberboard (MDF), particleboard, wood coating, oriented strand board (OSB), and lubrication across the globe. In terms of type, paraffin wood wax is expected to hold a major share of the global wood wax market during the forecast period. This can be attributed to its properties such as high thermal stability and low volatility which make it suitable for use in various applications such as MDF, particleboard, and OSB.
Product Definition:
A type of wax that is used to make wood more durable, water-resistant, and easier to work with. Wood wax can also give wood a finished appearance.
Paraffin Wood Wax:
Paraffin wax is a type of petroleum by-product which is melted and sold to manufacturers of coatings, adhesives, sealants & hot melt applications. It has high melting point and low molecular weight which makes it ideal for coating paper & boards. The product also acts as an excellent binder in the manufacturing of various products such as candles, cosmetics packaging films among others.
Bees Wood Wax:
Beeswax is a natural wax produced by honeybees to store food for the winter. It has high demand in cosmetics and pharmaceutical industries as it is used as an emulsifier, binder, and polishing agent. Beeswax consists of fatty acids esters which are mainly used in skincare products such as face masks, hand creams, lipsticks or any other cosmetic product that requires a moisturizing effect on skin.
Application Insights:
Medium density fiberboard (MDF) application segment led the global market in 2017. MDF is a composite material, which consists of wood flour and adhesive. It is mainly used for wall panels in kitchen cabinets and bathroom vanities owing to its decorative appeal, durability, moisture resistance, cost-effectiveness as well as ease of installation process.
The wood coating application segment was valued at USD 544.1 million in 2017 on account of rising demand from construction sector for exterior applications such as flooring & roofing tiles among others. Increasing demand for wooden floorings due to their natural look along with benefits such as sound insulation and comfort are expected to boost product consumption over the forecast period driving the growth of this segment over the coming years.
Regional Analysis:
North America dominated the global wood wax market in 2017. The growth is attributed to increasing consumption of furniture, construction and automotive products in the region. Europe accounted for a significant share of global consumption owing to high demand from automobile industry for glazing materials and wood-based paneling on account of its durability, ease of installation, low cost as compared to metals and plastics used for constructing vehicles.
Asia Pacific is expected to witness substantial growth over the forecast period owing to rapid expansion plans by various manufacturers across emerging economies such as China, India, Indonesia & Thailand (ITC) coupled with rising disposable income among consumers leading towards increased spending on household goods including furniture & decorative items which will drive product demand over next eight years.
The Asia Pacific was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the construction industry for wood wax as a sealant and finish.
- Rising popularity of wood flooring, which requires regular application of wood wax to protect and enhance the appearance of the flooring.
- Growing use of wood wax in furniture manufacturing to give a natural shine and protection to wooden furniture pieces.
- Increasing awareness about the benefits of using wood wax among consumers, which is driving its adoption for various applications such as home décor, automotive care, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Wax Market Research Report
By Type
Paraffin Wood Wax, Bees Wood Wax, Carnauba Wood Wax
By Application
Medium Density Fiberboard, Particleboard, Wood Coating, Oriented Strand Board, Lubrication
By Companies
Akzo Nobel, BASF, Berkshire Hathaway, GE(Baker Hughes), DowDuPont
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Wood Wax Market Report Segments:
The global Wood Wax market is segmented on the basis of:
Types
Paraffin Wood Wax, Bees Wood Wax, Carnauba Wood 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
Medium Density Fiberboard, Particleboard, Wood Coating, Oriented Strand Board, Lubrication
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:
- Akzo Nobel
- BASF
- Berkshire Hathaway
- GE(Baker Hughes)
- DowDuPont
Highlights of The Wood 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:
- Paraffin Wood Wax
- Bees Wood Wax
- Carnauba Wood Wax
- By Application:
- Medium Density Fiberboard
- Particleboard
- Wood Coating
- Oriented Strand Board
- Lubrication
- 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 Wood 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?
Wood wax is a type of wax that is made from the sap of trees. It is used to make candles, polish wood, and seal joints in wooden furniture.
Some of the key players operating in the wood wax market are Akzo Nobel, BASF, Berkshire Hathaway, GE(Baker Hughes), DowDuPont.
The wood wax market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wood 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. Wood Wax Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wood Wax Market - Supply Chain
4.5. Global Wood Wax Market Forecast
4.5.1. Wood Wax Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wood Wax Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wood Wax Market Absolute $ Opportunity
5. Global Wood 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. Wood Wax Market Size and Volume Forecast by Type
5.3.1. Paraffin Wood Wax
5.3.2. Bees Wood Wax
5.3.3. Carnauba Wood Wax
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wood 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. Wood Wax Market Size and Volume Forecast by Application
6.3.1. Medium Density Fiberboard
6.3.2. Particleboard
6.3.3. Wood Coating
6.3.4. Oriented Strand Board
6.3.5. Lubrication
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wood 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. Wood 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 Wood 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. Wood 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 Wood Wax Demand Share Forecast, 2019-2026
9. North America Wood 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 Wood 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 Wood Wax Market Size and Volume Forecast by Application
9.4.1. Medium Density Fiberboard
9.4.2. Particleboard
9.4.3. Wood Coating
9.4.4. Oriented Strand Board
9.4.5. Lubrication
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wood Wax Market Size and Volume Forecast by Type
9.7.1. Paraffin Wood Wax
9.7.2. Bees Wood Wax
9.7.3. Carnauba Wood 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 Wood Wax Demand Share Forecast, 2019-2026
10. Latin America Wood 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 Wood 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 Wood Wax Market Size and Volume Forecast by Application
10.4.1. Medium Density Fiberboard
10.4.2. Particleboard
10.4.3. Wood Coating
10.4.4. Oriented Strand Board
10.4.5. Lubrication
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wood Wax Market Size and Volume Forecast by Type
10.7.1. Paraffin Wood Wax
10.7.2. Bees Wood Wax
10.7.3. Carnauba Wood 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 Wood Wax Demand Share Forecast, 2019-2026
11. Europe Wood 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 Wood 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 Wood Wax Market Size and Volume Forecast by Application
11.4.1. Medium Density Fiberboard
11.4.2. Particleboard
11.4.3. Wood Coating
11.4.4. Oriented Strand Board
11.4.5. Lubrication
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wood Wax Market Size and Volume Forecast by Type
11.7.1. Paraffin Wood Wax
11.7.2. Bees Wood Wax
11.7.3. Carnauba Wood Wax
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectins 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 Wood Wax Demand Share, 2019-2026
12. Asia Pacific Wood 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 Wood 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 Wood Wax Market Size and Volume Forecast by Application
12.4.1. Medium Density Fiberboard
12.4.2. Particleboard
12.4.3. Wood Coating
12.4.4. Oriented Strand Board
12.4.5. Lubrication
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wood Wax Market Size and Volume Forecast by Type
12.7.1. Paraffin Wood Wax
12.7.2. Bees Wood Wax
12.7.3. Carnauba Wood 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 Wood Wax Demand Share, 2019-2026
13. Middle East & Africa Wood 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 Wood 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 Wood Wax Market Size and Volume Forecast by Application
13.4.1. Medium Density Fiberboard
13.4.2. Particleboard
13.4.3. Wood Coating
13.4.4. Oriented Strand Board
13.4.5. Lubrication
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wood Wax Market Size and Volume Forecast by Type
13.7.1. Paraffin Wood Wax
13.7.2. Bees Wood Wax
13.7.3. Carnauba Wood 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 Wood Wax Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wood Wax Market: Market Share Analysis
14.2. Wood Wax Distributors and Customers
14.3. Wood Wax Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akzo Nobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Berkshire Hathaway
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE(Baker Hughes)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DowDuPont
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
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
