Global Wax Market Size, Share, Forecast Report 2019-2025

The global wax market is projected to reach USD 11.9 billion by 2025, growing at a CAGR of 3.4% over the next seven years. Factors driving market growth include; vast applications in various end-use industries and increasing demand of natural wax across the globe. Moreover, high population and increasing disposable income in developing countries is projected to impel the market growth. However, fluctuating raw material prices is expected to restrain the market growth over the forecast period.

Waxes are a type of lipids, which are malleable near ambient temperatures. Depending on their type, waxes can be petroleum and mineral wax, synthetic wax, and naturally occurring. Waxes are soluble in organic, non-polar solvents, but insoluble in water. A large number of waxes are commercially produced, and find their application in packaging, coatings, cosmetics and lubricants among others.

The years used for the assessment are as follows;

  • Historical year : 2015, 2016 and 2017
  • Base year  : 2018
  • Forecast period: 2019 – 2025

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the wax market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
  • Finalizing the overall size and share for the global market

OBJECTIVES:

  • To classify global wax market into segments to analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with wax
  • Profiling key companies operating in the global wax market
  • To study market response with respect to the mergers and acquisitions in the industry

CHAPTER 1. Market Scope and Methodology

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

CHAPTER 2. Executive Summary

2.1. Wax Market – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market Definition

3.2. Market Segmentation

3.3. Key Findings of the Global Wax Market

3.4. Value Chain Analysis

3.5. Market Opportunities & Trends

3.5.1 Technological advancements in the wax market

3.6. Market Dynamics

3.6.1. Market driver analysis

  3.6.1.1. Vast applications in various end-use industries

  3.6.1.2. High population and increasing disposable income in developing countries

  3.6.1.3. Increasing demand of natural wax

3.6.2. Market restraint analysis

  3.6.2.1. Fluctuating raw material prices

CHAPTER 4. Competitive Outlook

4.1. Porter’s Five Forces Analysis

4.2. Company Market Share Analysis

CHAPTER 5. Global Wax Market Size and Forecast (2015 – 2025)

5.1. Global Wax Market, By Type (USD Billion) (Kilo Tons)

5.1.1. Petroleum and Mineral Wax

5.1.2. Synthetic Wax

5.1.3. Natural Wax

5.2. Global Wax Market, By Application (USD Billion) (Kilo Tons)

5.2.1. Candles

5.2.2. Packaging

5.2.3. Coatings & Polishes

5.2.4. Adhesives

5.2.5. Cosmetics

5.2.6. Rubber

5.2.7. Others

CHAPTER 6. Global Wax Market Size and Forecast, By Region (2015 – 2025)

6.1. North America Wax Market (USD Billion) (Kilo Tons)

6.1.1. North America Wax Market, By Type (USD Billion) (Kilo Tons)

6.1.2. North America Wax Market, By Application (USD Billion) (Kilo Tons)

6.1.3. North America Wax Market, By Country (USD Billion) (Kilo Tons)

  6.1.3.1. The U.S.

  6.1.3.2. Canada

  6.1.3.3. Mexico

6.2. Europe Wax Market (USD Billion) (Kilo Tons)

6.2.1. Europe Wax Market, By Type (USD Billion) (Kilo Tons)

6.2.2. Europe Wax Market, By Application (USD Billion) (Kilo Tons)

6.2.3. Europe Wax Market, By Country (USD Billion) (Kilo Tons)

  6.2.3.1. Germany

  6.2.3.2. U.K

  6.2.3.3. France

  6.2.3.4. Russia

  6.2.3.5. Rest of Europe

6.3. Asia-Pacific Wax Market (USD Billion) (Kilo Tons)

6.3.1. Asia-Pacific Wax Market, By Type (USD Billion) (Kilo Tons)

6.3.2. Asia-Pacific Wax Market, By Application (USD Billion) (Kilo Tons)

6.3.3. Asia-Pacific Wax Market, By Country (USD Billion) (Kilo Tons)

  6.3.3.1. China

  6.3.3.2. Japan

  6.3.3.3. India

  6.3.3.4. Rest of Asia-Pacific

6.4. Central and South America (CSA) Wax Market (USD Billion) (Kilo Tons)

6.4.1. Central and South America (CSA) Wax Market, By Type (USD Billion) (Kilo Tons)

6.4.2. Central and South America (CSA) Wax Market, By Application (USD Billion) (Kilo Tons)

6.4.3. Central and South America (CSA) Wax Market, By Region (USD Billion) (Kilo Tons)

  6.4.3.1. Brazil

  6.4.3.2. Rest of Central and South America (CSA) (Kilo Tons)

6.5. Middle East & Africa (MEA) Wax Market (USD Billion) (Kilo Tons)

6.5.1. Middle East & Africa (MEA) Wax Market, By Type (USD Billion) (Kilo Tons)

6.5.2. Middle East & Africa (MEA) Wax Market, By Application (USD Billion) (Kilo Tons)

6.5.3. Middle East & Africa (MEA) Wax Market, By Region (USD Billion) (Kilo Tons)

  6.5.3.1. Saudi Arabia

  6.5.3.2. Rest of Middle East & Africa (MEA)

CHAPTER 7. Key Players and Strategic Developments

7.1. Sinopec Corp.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. China National Petroleum Corporation

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Sasol Ltd.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Royal Dutch Shell plc

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Exxon Mobil Corporation

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Evonik Industries AG

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. BASF SE

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. HollyFrontier Corporation

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Honeywell International Inc.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. BP plc

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

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