Home / Chemicals / Wax Market By Type (Petroleum & Mineral Wax, Synthetic Wax, Natural Wax), By Application (Candle Industry, Packaging Materials, Construction Industry, Adhesives, Rubber Industry, Cosmetics Industry) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Wax Market By Type (Petroleum & Mineral Wax, Synthetic Wax, Natural Wax), By Application (Candle Industry, Packaging Materials, Construction Industry, Adhesives, Rubber Industry, Cosmetics Industry) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Published: Sep 2017 | Report Code: 58714-09-17

Wax is an organic compound which is hydrophobic in nature and malleable solids near ambient temperatures. It is basically organic substance similar to plastic, which remains solid at room temperature and turns liquid on melting. Due to its similarity to plastic, it also deforms under pressure without the heating. It is high value product of energy reserve. Waxes are either naturally or synthetically derived. However, with technological advancement there is rise in number of substance of similar composition and properties termed as wax. Currently majority of wax product available are petroleum derived. Wax is basically a byproduct derived during production of lubricating oils. Though mostly wax is derived from crude petroleum and oil base, other sources also play important role which includes natural gas, vegetable, lignite and animal.

There are wide variety of industrial application starting from candle, construction, plastic, packaging, personal care product, pharmaceuticals, paints, paper, automotive, rubber, aerospace, 3D printing and many other industries. With extensive industrial application of wax and technological advancement in synthetic wax manufacturing drives the growth of wax market. Rising market of fragrant and decorative candles across the world and expanding cosmetic industry especially in emerging markets would further fuel the growth of wax market.

Candles was observed to be the largest application segment and is projected to maintain its dominance during the forecast period. Growing demand for scented and decorative candles for festive and special occasion for aesthetic purpose is expected to drive the demand for the wax over the forecast period. Followed by candle the next growing segment is packaging segment in the global wax market.

In 2016, Asia Pacific was the largest and projected to be the fastest growing market for the forecast period 2017-2025 chiefly due to factors such as rapid industrialization and urbanization leading to increasing demand for wax treated products, rising GDP and per capita income leading to increased disposable income for the region. Changing fashion trend has resulted into deep market penetration for the wax treated textiles and leather goods which contributes as aesthetic appeal.

Wax Market

The report titled “Global Wax Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global wax market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on type, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading wax manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:

Current and future market trends to justify the forthcoming attractive markets within the wax industry
Market fuelers, market impediments, and their impact on the market growth
In-depth competitive environment analysis
Trailing 2-Year market size data (2015 – 2016)
SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global wax market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Wax Market
2.2 Global Wax Market (US$ Mn), by Product Type, 2016
2.3 Global Wax Market (US$ Mn), by Application, 2016
2.4 Global Wax Market (US$ Mn), by Geography, 2016

Chapter 3 Global Wax Market: Dynamics and Outlook
3.1 Market Overview
3.2 Market Drivers
3.2.1 Rising Demand from End Use Application
3.2.2 Rising demand for cosmetics and personal care products is expected to drive the wax market
3.3 Challenges
3.3.1 Decline in wax supplies in future is growing concern for wax industry
3.4 Future Prospects
3.4.1 Paradigm shift in demand from conventional to unconventional waxes and evolving technology
3.5 Impact Analysis of Drivers, Challenges and Future Prospects During the Forecast Period
3.6 Porter’s analysis
3.6.1 Suppliers power
3.6.2 Buyers power
3.6.3 Threat of substitutes
3.6.4 Threat of new entrants
3.6.5 Industry Rivalry

Chapter 4 Global Wax Market, by Type
4.1 Overview
4.1.1 Global Wax Market, by Type, 2016 & 2025 (Value %)
4.2 Petroleum & Mineral Wax
4.2.1 Global Petroleum & Mineral Wax Market, 2015 - 2025 (Kilo Tons)
4.2.2 Global Petroleum & Mineral Wax Market, 2015 - 2025 (US$ Mn)
4.2.3 Paraffin Wax
4.2.3.1 Global Paraffin Wax Market, 2015 - 2025 (Kilo Tons)
4.2.3.2 Global Paraffin Wax Market, 2015 - 2025 (US$ Mn)
4.2.4 Microcrystalline Wax
4.2.4.1 Global Microcrystalline Wax Market, 2015 - 2025 (Kilo Tons)
4.2.4.2 Global Microcrystalline Wax Market, 2015 - 2025 (US$ Mn)
4.2.5 Petrolatum (Petroleum Jelly)
4.2.6 Global Petrolatum (Petroleum Jelly) Market, 2015 - 2025 (Kilo Tons)
4.2.6.1 Global Petrolatum (Petroleum Jelly) Market, 2015 - 2025 (US$ Mn)
4.2.6.2 Others (Semi-crystalline Wax, etc)
4.2.6.3 Global Others (Semi-crystalline wax) Market, 2015 - 2025 (Kilo Tons)
4.2.6.4 Global Others (Semi-crystalline wax) Market, 2015 - 2025 (US$ Mn)
4.3 Synthetic Wax
4.3.1 Global Synthetic Wax Market, 2015 - 2025 (Kilo Tons)
4.3.2 Global Synthetic Wax Market, 2015 - 2025 (US$ Mn)
4.4 Natural Wax
4.4.1 Global Natural Wax Market, 2015 - 2025 (Kilo Tons)
4.4.2 Global Natural Wax Market, 2015 - 2025 (US$ Mn)

Chapter 5 Global Wax Market Analysis, by Application
5.1 Overview
5.1.1 Global Wax Market Revenue Share (Value %), by Application, 2016 & 2025
5.1.2 Global Wax Market Volume (Kilo Tons), by Application, 2015-2025
5.1.3 Global Wax Market Revenue (US$ Mn), by Application, 2015-2025
5.2 Candle Industry
5.2.1 Global Wax Market Volume, by Candle Industry Application, 2015 - 2025 (Kilo Tons)
5.2.2 Global Wax Market Revenue, by Candle Industry Application, 2015 - 2025 (US$ Mn)
5.3 Packaging materials
5.3.1 Global Wax Market Volume, by Packaging Application, 2015 - 2025 (Kilo Tons)
5.3.2 Global Wax Market Revenue, by Packaging Application, 2015 - 2025 (US$ Mn)
5.4 Construction Industry
5.4.1 Global Wax Market Volume, by Construction Industry Application, 2015 - 2025 (Kilo Tons)
5.4.2 Global Wax Market Revenue, by Construction Industry Application, 2015 – 2025 (US$ Mn)
5.5 Adhesives
5.5.1 Global Wax Market Volume, by Adhesives Application, 2015 - 2025 (Kilo Tons)
5.5.2 Global Wax Market Revenue, by Adhesives Application, 2015 – 2025 (US$ Mn)
5.6 Rubber Industry
5.6.1 Global Wax Market Volume, by Rubber Industry Application, 2015 - 2025 (Kilo Tons)
5.6.2 Global Wax Market Revenue, by Rubber Industry Application, 2015 - 2025 (US$ Mn)
5.7 Cosmetics Industry
5.7.1 Global Wax Market Volume, by Cosmetics Industry Application, 2015 - 2025 (Kilo Tons)
5.7.2 Global Wax Market Revenue, by Cosmetics Industry Application, 2015 - 2025 (US$ Mn)
5.8 Others
5.8.1 Global Wax Market Volume, by Other Applications, 2015 - 2025 (Kilo Tons)
5.8.2 Global Wax Market Revenue, by Other Applications, 2015 - 2025 (US$ Mn)

Chapter 6 Global Market, By Application
6.1 Candle
6.1.1 Global Candle Market Revenue (US$ Bn), by Region, 2015-2025
6.2 Packaging
6.2.1 Global Packaging Market Revenue (US$ Bn), by Region, 2015-2025
6.3 Construction
6.3.1 Global Construction Market Revenue (US$ Bn), by Region, 2015-2025
6.4 Adhesives
6.4.1 Global Adhesives Market Revenue (US$ Bn), by Region, 2015-2025
6.5 Rubber
6.5.1 Global Rubber Market Revenue (US$ Bn), by Region, 2015-2025
6.6 Cosmetics
6.6.1 Global Cosmetics Market Revenue (US$ Bn), by Region, 2015-2025

Chapter 7 Global Wax Market, By Geography
7.1 Overview
7.1.1 North America
7.1.2 North America Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.3 North America Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.4 Europe
7.1.5 Europe Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.6 Europe Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.7 CEE (Central and Eastern Europe)
7.1.8 CEE Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.9 CEE Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.10 E.U. 7
7.1.11 E.U.7 Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.12 E.U.7 Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.13 Russia
7.1.14 Russia Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.15 Russia Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.16 Rest of Europe
7.1.17 Rest of Europe Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.18 Rest of Europe Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.19 Asia Pacific
7.1.20 Asia Pacific Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.21 Asia Pacific Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.22 Latin America
7.1.23 Latin America Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.24 Latin America Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)
7.1.25 Middle East and Africa
7.1.26 MEA Wax Market Analysis, By Type, 2015-2025, (Kilo Tons) (US$ Mn)
7.1.27 MEA Wax Market Analysis, By Application, 2015-2025,(Kilo Tons) (US$ Mn)

Chapter 8 Company Profiles
8.1 Competitive Dashboard
8.2 BASF SE
8.3 Bogdany Petrol Ltd.
8.4 China National Petroleum Corporation
8.5 Clariant
8.6 Darent Wax Company Ltd
8.7 Exxon Mobil Corporation
8.8 Frank B. Ross Co., Inc.
8.9 H&R Group
8.10 HCI Wax
8.11 Ilumina Wax d.o.o.
8.12 Kerax Limited
8.13 Lukoil
8.14 Sinopec (China Petroleum & Chemical Corporation)
8.15 Sasol Limited
8.16 Sonneborn LLC
8.17 The International Group, Inc.
8.18 TROMM GmbH

List of Tables :

TABLE 1 Market Snapshot: Global Wax Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers, Challenges and Future Prospects
TABLE 4 Global Wax Market Volume (Kilo Tons), by Application, 2015-2025
TABLE 5 Global Wax Market Revenue (US$ Mn), by Application, 2015-2025
TABLE 6 Global Candle Market Revenue (US$ Bn), by Region, 2015-2025
TABLE 7 Global Packaging Market Revenue (US$ Bn), by Region, 2015-2025
TABLE 8 Global Construction Market Revenue (US$ Bn), by Region, 2015-2025
TABLE 9 Global Adhesives Market Revenue (US$ Bn), by Region, 2015-2025
TABLE 10 Global Rubber Market Revenue (US$ Bn), by Region, 2015-2025
TABLE 11 Global Cosmetics Market Revenue (US$ Bn), by Region, 2015-2025
TABLE 12 Global Wax Market Volume (Kilo Tons), by Region, 2015 – 2025
TABLE 13 Global Wax Market Revenue (US$ Mn), by Region, 2015 – 2025
TABLE 14 North America Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 15 North America Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 16 North America Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 17 North America Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 18 North America Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 19 North America Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 20 Europe Wax Market Volume (Kilo Tons), by Region, 2015 – 2025
TABLE 21 Europe Wax Market Revenue (US$ Mn), by Region, 2015 – 2025
TABLE 22 Europe Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 23 Europe Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 24 Europe Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 25 Europe Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 26 Europe Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 27 Europe Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 28 CEE Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 29 CEE Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 30 CEE Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 31 CEE Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 32 CEE Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 33 CEE Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 34 E.U.7 Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 35 E.U.7 Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 36 E.U.7 Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 37 E.U.7 Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 38 E.U.7 Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 39 E.U.7 Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 40 Russia Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 41 Russia Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 42 Russia Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 43 Russia Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 44 Russia Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 45 Russia Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 46 Rest of Europe Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 47 Rest of Europe Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 48 Rest of Europe Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 49 Rest of Europe Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 50 Rest of Europe Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 51 Rest of Europe Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 52 Asia Pacific Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 53 Asia Pacific Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 54 Asia Pacific Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 55 Asia Pacific Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 56 Asia Pacific Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 57 Asia Pacific Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 58 Latin America Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 59 Latin America Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 60 Latin America Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 61 Latin America Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 62 Latin America Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 63 Latin America Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 64 MEA Wax Market Volume, (Kilo Tons), by Type, 2015 – 2025
TABLE 65 MEA Wax Market Revenue, (US$ Mn) by Type, 2015 – 2025
TABLE 66 MEA Petroleum and Mineral Wax Market Volume (Kilo Tons) by Type, 2015 – 2025
TABLE 67 MEA Petroleum and Mineral Wax Market Revenue (US$ Mn) by Type, 2015 – 2025
TABLE 68 MEA Wax Market Volume (Kilo Tons), by Application, 2015 – 2025
TABLE 69 MEA Wax Market Revenue (US$ Mn), by Application, 2015 – 2025
TABLE 70 BASF SE: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 71 Bogdany Petrol Ltd.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 72 China National Petroleum Corporation: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 73 Clariant: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 74 Darent Wax Company Ltd: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 75 Exxon Mobil Corporation: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 76 Frank B. Ross Co., Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 77 H&R Group: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 78 HCI Wax: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 79 Ilumina Wax d.o.o.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 80 Kerax Limited: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 81 Lukoil: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 82 Sinopec (China Petroleum & Chemical Corporation): Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 83 Sasol Limited: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 84 Sonneborn LLC: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 85 The International Group, Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 86 TROMM GmbH: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)

List of Figures :

FIG. 1 Global Wax Market: Research Methodology
FIG. 2 Global Wax Market (US$ Mn), by Product Type, 2016
FIG. 3 Global Wax Market (US$ Mn), by Application, 2016
FIG. 4 Global Wax Market (US$ Mn), by Geography, 2016
FIG. 5 Porter’s Analysis
FIG. 6 Global Wax Market Revenue Share, by Type 2016 & 2025 (Value %)
FIG. 7 Global Petroleum & Mineral Wax Market, 2015 - 2025 (Kilo Tons)
FIG. 8 Global Petroleum & Mineral Wax Market, 2015 - 2025 (US$ Mn)
FIG. 9 Global Paraffin Wax Market, 2015 - 2025 (Kilo Tons)
FIG. 10 Global Paraffin Wax Market, 2015 - 2025 (US$ Mn)
FIG. 11 Global Microcrystalline Wax Market, 2015 - 2025 (Kilo Tons)
FIG. 12 Global Microcrystalline Wax Market, 2015 - 2025 (US$ Mn)
FIG. 13 Global Petrolatum (Petroleum Jelly) Market, 2015 - 2025 (Kilo Tons)
FIG. 14 Global Petrolatum (Petroleum Jelly) Market, 2015 - 2025 (US$ Mn)
FIG. 15 Global Others (Semi-crystalline wax) Market, 2015 - 2025 (Kilo Tons)
FIG. 16 Global Others (Semi-crystalline wax) Market, 2015 - 2025 (US$ Mn)
FIG. 17 Global Synthetic Wax Market, 2015 - 2025 (Kilo Tons)
FIG. 18 Global Synthetic Wax Market, 2015 - 2025 (US$ Mn)
FIG. 19 Global Natural Wax Market, 2015 - 2025 (Kilo Tons)
FIG. 20 Global Natural Wax Market, 2015 - 2025 (US$ Mn)
FIG. 21 Global Wax Market Revenue Share (Value %), by Application, 2016 & 2025
FIG. 22 Global Wax Market Volume, by Candle Industry Application, 2015 - 2025 (Kilo Tons)
FIG. 23 Global Wax Market Revenue, by Candle Industry Application, 2015 - 2025 (US$ Mn)
FIG. 24 Global Wax Market Volume, by Packaging Application, 2015 - 2025 (Kilo Tons)
FIG. 25 Global Wax Market Revenue, by Packaging Application, 2015 - 2025 (US$ Mn)
FIG. 26 Global Wax Market Volume, by Construction Industry Application, 2015 - 2025 (Kilo Tons)
FIG. 27 Global Wax Market Revenue, by Construction Industry Application, 2015 - 2025 (US$ Mn)
FIG. 28 Global Wax Market Volume, by Adhesives Application, 2015 - 2025 (Kilo Tons)
FIG. 29 Global Wax Market Revenue, by Adhesives Application, 2015 – 2025 (US$ Mn)
FIG. 30 Global Wax Market Volume, by Rubber Industry Application, 2015 - 2025 (Kilo Tons)
FIG. 31 Global Wax Market Revenue, by Rubber Industry Application, 2015 - 2025 (US$ Mn)
FIG. 32 Global Wax Market Volume, by Cosmetic Industry Application, 2015 - 2025 (Kilo Tons)
FIG. 33 Global Wax Market Revenue, by Cosmetic Industry Application, 2015 - 2025 (US$ Mn)
FIG. 34 Global Wax Market Volume, by Others Applications, 2015 - 2025 (Kilo Tons) (US$ Mn)
FIG. 35 Global Wax Market Revenue, by Others Applications, 2015 - 2025 (US$ Mn)
FIG. 36 Competitive Dashboard
FIG. 37 Competitive Dashboard
FIG. 38 Competitive Dashboard
FIG. 39 Competitive Dashboard

For the purpose of this study, the global wax market by type is categorized into:

  • Petroleum & Mineral Wax
    • Paraffin Wax
    • Microcrystalline Wax
    • Petrolatum (Petroleum Jelly)
    • Others (semi-crystalline wax)
  • Synthetic Wax
  • Natural Wax

Wax Market

Wax are the organic compounds with hydrophobic nature, available in different types. Wax is produced naturally from plants and animals whereas synthetic waxes are generated through crude oil or petroleum derived. The increasing demand for tailor made physical properties offered by petroleum derived waxes and synthetic waxes for various commercial applications boosts the global wax market. By type the petroleum & mineral wax market is expected to dominate both in terms of value and volume during the forecast period. This is attributed by the availability of wax in large amounts coupled with diverse range of wax properties suitable for various applications.

Natural and synthetic waxes are the fastest growing products in the global wax market. These segments are witnessing growth owing to reduction in the supply of petroleum wax.

For the purpose of this study, the global wax market by application is categorized into:

  • Candle
  • Packaging
  • Construction
  • Adhesives
  • Rubber
  • Cosmetics
  • Others

Wax Market

By application, in 2016, in terms of revenue candle accounted for 38.3% share of the global wax market. It is also projected to maintain its dominance over the forecast period of 2017 to 2025 on account of their high use in lightening and decoration purposes. Consumption of candles is witnessing growth, as candles with their warm and cozy light are becoming immensely popular with consumers. In spite of price pressure and future challenges, candle consumption will increase sustainably in near future. Candle segment was followed by packaging and construction applications, collectively they accounted more than 30.0% share of the global market. However, cosmetics application is projected to witness rapid growth over the next six years. Wax is used in makeup products as base materials. Wax acts as a medium to deliver active ingredients and also has skincare characteristics and helps in retaining moisture by reducing dehydration.

On the basis of geography, the global wax market is segmented as per following regions

  • North America
  • Europe
    • CEE
    • E.U. 7
    • Russia
    • Rest of Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Wax Market

In 2016, in terms of value and volume, Asia Pacific has been holding a dominant position in the global wax market. It is also projected to be the fastest growing region. This growth is attributed to the presence of large number of wax producers in the region and growing demand from various end use applications. Globally, China is the largest supplier of petroleum wax. A major portion of the wax produced in China is exported to the European countries and the U.S. However, the market in Europe is projected to witness sluggish growth, owing to shutdown of Group I base oil refineries in the region. Middle East and Africa are another lucrative markets for wax as the manufacturing sectors in these regions are becoming more modernized.

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