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Synthetic Wax Market By Type of Synthetic Wax (Polyethylene (PE) Wax, Polypropylene (PP) Wax, Oxidized Polyethylene (OPE) Wax, Fischer-Tropsch (FT) Wax, Montan Wax Substitute, Polyethylene Glycol (PEG) Wax) By Application (Plastics Processing, Coatings and Inks, Adhesives and Sealants, Personal Care and Cosmetics, Textiles and Fibers, Candles) -Growth, Future Prospects & Competitive Analysis, 2022 – 2030

Price: $4999

Published: | Report ID: 23210 | Report Format : PDF

Market Insights

  • The global demand for synthetic wax was valued at USD 9515.8 Million in 2022 and is expected to reach USD 14603.8 Million in 2030, growing at a CAGR of 5.5% between 2023 and 2030.
  • The polypropylene (PP) wax segment is the market leader by type of synthetic wax, accounting for more than 30% of total value in 2022, while the oxidized polyethylene (OPE) wax segment is estimated to grow rapidly in the projection period.
  • The plastics processing application segment dominates the global need for synthetic wax, accounting for more than 25% in 2022, and is predicted to expand at a high CAGR.
  • The manufacturing category dominated the market with 28% of the total revenue share by the end-use industry. In contrast, the consumer goods category will expand fastest over the projected time frame.
  • North America is driving the expansion of the synthetic wax industry, accounting for more than one-third of the market in 2022, while Asia Pacific and Europe accounted for just under 54% of the market in 2022. In 2022, Europe had a market revenue share of more than 20%.
  • Synthetic waxes are used in various personal care products like creams, lotions, and lipsticks, and the market benefits from the continuous demand for such items.
  • The automotive and tire industries use synthetic waxes in various applications like polishes, coatings, and lubricants, contributing to the market’s expansion.
  • Market players actively focus on R&D to introduce advanced synthetic waxes with improved properties, boosting market growth.
  • The market faces challenges related to the availability and fluctuating prices of raw materials, such as ethylene and Fischer-Tropsch waxes, which can impact production and pricing.

Synthetic Wax Market

Executive Summary

Market Definition

The synthetic wax market refers to the global industry involved in producing, distributing, and utilizing artificial or man-made waxes derived from various raw materials such as petroleum, natural gas, and petrochemical feedstocks. Synthetic waxes serve diverse applications in sectors like cosmetics, adhesives, coatings, packaging, textiles, and more, offering a wide range of physical and chemical properties designed to enhance the performance of end products. These waxes are engineered to provide specific characteristics such as lubrication, water repellency, gloss, or hardness, making them valuable in various manufacturing processes and products. The market encompasses different types and grades of synthetic waxes tailored to meet the requirements of numerous industries, contributing to their product development and performance improvement.

Market Overview

The global synthetic wax market has witnessed rapid growth in recent years and is expected to grow at a CAGR of 5.5% between 2023 and 2030. The market was valued at USD 9515.8 million in 2022 and is expected to reach USD 14603.8 million in 2030.

The synthetic wax industry has grown significantly in recent years, owing to factors such as rising demands from end-use industries, technological developments, and increasing application areas. Synthetic waxes are man-made hydrocarbon-based compounds with features similar to natural waxes but with improved properties. The growing demand from the packaging sector is one of the primary drivers of the synthetic wax market share. Synthetic waxes are commonly used in packaging materials to offer moisture resistance, increase printability, and improve the overall aesthetic of the packaging.

The rise of the e-commerce business and the necessity for appealing and useful packaging solutions have resulted in a substantial surge in demand for synthetic waxes. Furthermore, the automotive industry has emerged as a major consumer of synthetic waxes. These waxes are used to make vehicle polishes, varnishes, and sealants. Synthetic waxes are ideal for automotive applications due to their scratch resistance, high gloss, and durability.

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Segmentation by Type of Synthetic Wax

  • The oxidized polyethylene (OPE) wax segment is expected to exhibit the highest CAGR in the coming years, driven by its applications in various industries.
  • Polypropylene (PP) wax currently dominates the market share, accounting for over 30% in 2022 due to its versatility and widespread use in multiple applications.

Segmentation by End-Use Industry

  • The consumer goods segment is projected to register the highest CAGR, reflecting the demand for synthetic waxes in consumer products like cosmetics and packaging.
  • The manufacturing segment leads the market with a share of over 28% in 2022, indicating the significance of synthetic waxes in industrial processes and applications.

Segmentation by Application

  • Adhesives and sealants are expected to exhibit the highest CAGR in the forecasted period due to the adhesive properties of synthetic waxes.
  • Plastic processing dominates the market share, accounting for over 25% in 2022, driven by the extensive use of synthetic waxes in plastic-based products and manufacturing processes.

Segmentation by Region

  • North America remains a highly profitable region, holding over one-third of the global synthetic wax market share in 2022, primarily due to the robust industrial and consumer goods sectors.
  • Asia Pacific and Europe collectively contribute to nearly 54% of the market share, with the Asia Pacific region displaying significant potential for growth, driven by expanding manufacturing and consumer markets.
  • Europe maintains a substantial share of over 20% in the same year, with a strong presence in various end-use industries.
  • The rest of the world, encompassing regions like Latin America, the Middle East, and Africa, contributes to the remaining demand for synthetic wax, showcasing the global reach of synthetic wax applications.

Synthetic Wax Market Research

The continual development of innovative synthetic wax formulations, growing application areas, and an increased in R&D activities by major market players are all linked to global market expansion.

North America dominates the global synthetic wax market due to several key factors. The region benefits from a robust manufacturing sector that extensively uses synthetic waxes across various industries, including adhesives, coatings, and cosmetics. Moreover, the high demand for personal care and cosmetic products in North America, driven by consumer preferences for innovative and sustainable formulations, bolsters the use of synthetic waxes in the cosmetics industry. The presence of established market players, research and development activities, and technological advancements contribute to the regional leadership in the global synthetic wax market. Also, stringent regulations and growing awareness regarding the benefits of synthetic waxes, such as their versatility and functional properties, further propel their adoption in North America.

The Asia Pacific region, particularly countries like China and India, has witnessed a significant expansion in industries such as packaging, personal care, and automotive, all of which are major consumers of synthetic wax. The rising middle-class population and increasing disposable income in the region contribute to the demand for cosmetics and personal care products, where synthetic waxes find extensive use. Furthermore, the packaging and adhesive industries benefit from the growing e-commerce sector, which requires efficient packaging solutions, driving the demand for synthetic waxes. The regional focus on infrastructure development, including construction and automotive manufacturing, also fuels the consumption of synthetic wax in coatings and adhesives.

Key Highlights of the Report

The global synthetic wax market is segmented by type of synthetic wax, application, end-use industry, and region. Synthetic waxes like oxidized polyethylene (OPE) and polypropylene (PP) wax are gaining prominence, with OPE wax exhibiting the highest growth rate due to its versatile applications. In terms of end-use industries, the consumer goods sector is experiencing robust growth, driven by the demand for synthetic waxes in cosmetics and packaging. Adhesives and sealant applications, particularly in the automotive and construction sectors, are on the rise, contributing to a growing market.

The global synthetic wax market growth is mainly driven by growing demand in various end-use industries, including cosmetics, adhesives, and plastics, due to their superior properties, such as consistency, temperature resistance, and customization options. Moreover, the rise in e-commerce and increased packaging needs have fueled the demand for synthetic wax in packaging materials. However, the market faces restraints such as environmental concerns, as some synthetic waxes are derived from petrochemical sources, posing sustainability challenges. Fluctuating prices of raw materials and potential health hazards associated with synthetic wax production also hinder market growth.

North America, encompassing the United States and Canada, commands a leading position in the global synthetic wax market, driven by its advanced packaging industry, extensive retail infrastructure, and early adoption of e-commerce. Meanwhile, the Asia Pacific region, including India, China, and Southeast Asian nations, presents robust growth opportunities due to rapid economic expansion, rising access to healthcare and consumer goods, and the increasing adoption of e-commerce, which demands efficient and secure packaging solutions like synthetic wax to protect products during transit and enhance the unboxing experience.

What Are The Main Drivers Of The Global Synthetic Wax Market?

The global synthetic wax market expansion is primarily driven by the rising demand in various end-use industries such as cosmetics, pharmaceuticals, and packaging, where synthetic waxes are utilized for their unique properties, such as controlled release, texture enhancement, and gloss improvement. Moreover, the growing trend toward sustainable and eco-friendly synthetic wax alternatives, along with advancements in manufacturing technologies and the development of innovative wax products, further fuel the market’s growth.

What Are The Major Challenges Faced By The Global Synthetic Wax Market?

The global synthetic wax market faces several challenges, including environmental concerns associated with synthetic wax production, as it often involves the use of petrochemical feedstocks and energy-intensive processes. Besides, stringent regulations to reduce emissions and promote eco-friendly alternatives limit market growth. Market competition and the development of cost-effective natural wax substitutes pose further challenges as end-users increasingly seek sustainable and biodegradable alternatives. Fluctuating raw material prices, particularly those of petrochemical feedstocks, also impact the market’s stability, requiring manufacturers to adapt to price variations and maintain competitive pricing.

What Are The Growth Opportunities In The Global Synthetic Wax Market?

The cosmetics and personal care industry presents a significant growth avenue, where synthetic waxes are used in the formulation of various products such as lipsticks, lotions, and hair care items. The automotive sector also offers potential growth prospects as synthetic waxes find applications in car polish, coatings, and interior treatments. Furthermore, the increasing emphasis on research and development to create eco-friendly and sustainable synthetic waxes aligns with the growing environmental awareness, positioning bio-based synthetic waxes as a promising growth segment. In addition, emerging economies, particularly in the Asia Pacific region, are witnessing expanding industrial sectors, which contribute to the growing demand for synthetic waxes in various applications, making this region a crucial market for future expansion.

Market Drivers

Several factors drive the global synthetic wax market. The following are the key drivers of the global synthetic wax market:

Booming Packaging Industry

The packaging industry relies on synthetic waxes for various applications, including printing inks, coatings, and components in packaging materials. Synthetic waxes have gained importance with the rise of e-commerce and the need for efficient packaging solutions to protect products during transit. The global trend towards sustainable and eco-friendly packaging materials has also driven the demand for synthetic waxes, which can be customized to provide desirable properties such as water resistance and gloss. The growth of the packaging industry, along with innovations in wax formulations, contributes to the positive outlook for synthetic waxes.

Market Restraints

The global synthetic wax market faces challenges that may hinder its growth. These include the following:

Price Volatility of Raw Materials

The price of synthetic wax raw materials, particularly petrochemical feedstocks, is subject to fluctuations due to factors such as crude oil prices, geopolitical events, and supply chain disruptions. This price volatility can impact the production costs of synthetic waxes, leading to unpredictable pricing for manufacturers and consumers. This can be a significant challenge, especially in industries such as packaging and cosmetics, where cost predictability is essential. Manufacturers may need to implement strategies to mitigate these price fluctuations, affecting profit margins and market stability.

Opportunities

The global synthetic wax market offers significant growth opportunities. These include the following:

Growing Demand for Cosmetic and Personal Care Products

The cosmetic and personal care industry is experiencing rapid growth, driven by changing consumer preferences, an aging population, and increasing interest in personal grooming and wellness. Synthetic waxes have extensive application in cosmetics, including lipsticks, creams, lotions, and hair care products, acting as thickeners, emollients, and stabilizers. As consumer expectations for product quality and performance continue to rise, the demand for advanced synthetic waxes that offer enhanced texture, spreadability, and stability is increasing. Manufacturers can capitalize on this trend by developing innovative synthetic waxes tailored to the specific needs of the cosmetic and personal care sector.

Competitive Landscape

Synthetic Wax Market Report

Key Players

The global synthetic wax market features a competitive landscape with several key players competing for market share. The following are some of the top market players and their market shares:

  • Clariant AG
  • BASF SE
  • Sasol
  • Evonik Industries AG
  • Honeywell International Inc
  • The Lubrizol Corporation
  • Dow
  • Westlake Chemical Corporation
  • Mitsui Chemicals Inc
  • The International Group Inc
  • Others

These companies are continuously focused on research & development activities to innovate and enhance their product offerings. Furthermore, strategic initiatives like mergers, acquisitions, partnerships, and collaborations are common strategies adopted by market participants to expand their presence and maintain a competitive edge. The market’s competitive dynamics are influenced by the diverse application areas of synthetic waxes, including cosmetics, packaging, adhesives, and more, resulting in a fragmented competitive landscape where various industry players cater to different market segments.

In March 2021, Turtle Wax introduced Hybrid Ceramic Graphene Adhesive Wax in India. The brand’s patent-pending graphene technology is used in the new Graphene paste wax. Turtle Wax claims to be a combination of ten waxes infused with silicon dioxide ceramic and graphene.

Summary of Key Findings

  • The synthetic wax market is experiencing robust growth due to its extensive use in packaging applications, including adhesives, coatings, and printing inks, driven by the growing packaging industry and e-commerce.
  • The market is segmented by type of synthetic wax, application, end-use industry, and region.
  • Synthetic waxes find substantial applications in the printing industry, where they are added to inks to improve print quality, ink transfer, and drying time.
  • Apart from their use in traditional sectors, synthetic waxes are finding applications in diverse industries, such as 3D printing and the production of specialty chemicals.
  • The packaging industry leverages synthetic waxes to create more durable and water-resistant packaging materials, addressing the growing demand for sustainable and efficient packaging solutions.
  • As the global economy rebounds, industries like construction, textiles, and packaging, which rely on synthetic waxes, are expected to flourish, leading to market expansion.
  • Stringent environmental regulations may limit the use of certain synthetic waxes and encourage the adoption of more sustainable alternatives, impacting the market.

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Future Outlook

  • Consumers and manufacturers are increasingly showing interest in eco-friendly products, leading to a gradual shift from synthetic waxes to bio-based waxes, such as soy and palm waxes.
  • The personal care and cosmetics industry continues to explore the use of synthetic waxes for skincare products, haircare items, and various cosmetics formulations.
  • Latin American countries, particularly Brazil and Mexico, are witnessing growth in the use of synthetic waxes in various applications.
  • Some synthetic wax companies focus on sustainability by developing products that meet eco-friendly standards and certifications.

Segmentation

  • By Type of Synthetic Wax
    • Polyethylene (PE) Wax
    • Polypropylene (PP) Wax
    • Oxidized Polyethylene (OPE) Wax
    • Fischer-Tropsch (FT) Wax
    • Montan Wax Substitute
    • Polyethylene Glycol (PEG) Wax
  • By Application
    • Plastics Processing
    • Coatings and Inks
    • Adhesives and Sealants
    • Personal Care and Cosmetics
    • Textiles and Fibers
    • Candles
  • By End-Use Industry
    • Manufacturing
    • Consumer Goods
    • Pharmaceutical and Healthcare
    • Automotive
    • Textiles and Paper
    • Food and Beverage
  • By Region
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • The U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • South-east Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of the Middle East and Africa

Adjacent Markets

Several adjacent markets have high revenue growth opportunities in the synthetic wax market. The key adjacent markets for the synthetic wax market –

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Market Introduction

 

2. Executive Summary

2.1. Market Snapshot: Global Synthetic Wax Market

2.1.1. Global Synthetic Wax Market, By Application

2.1.2. Global Synthetic Wax Market, By End-Use Industry

2.1.3. Global Synthetic Wax Market, By Type of Synthetic Wax

2.1.4. Global Synthetic Wax Market, By Region

2.2. Insights from Primary Respondents

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Synthetic Wax Market Value, 2017-2030, (US$ Mn)

3.1.2. Y-o-Y Growth Trend Analysis

3.2. Market Dynamics

3.2.1. Synthetic Wax Market Drivers

3.2.2. Synthetic Wax Market Restraints

3.2.3. Synthetic Wax Market Opportunities

3.2.4. Major Synthetic Wax Industry Challenges

3.3. Growth and Development Patterns

3.4. Investment Feasibility Analysis

3.5. Market Opportunity Analysis

3.5.1. Application

3.5.2. End-Use Industry

3.5.3. Type of Synthetic Wax

3.5.4. Geography

 

4. Market Competitive Landscape Analysis

4.1. Company Market Share Analysis, 2022

4.1.1. Global Synthetic Wax Market: Company Market Share, Value 2022

4.1.2. Global Synthetic Wax Market: Top 6 Company Market Share, Value 2022

4.1.3. Global Synthetic Wax Market: Top 3 Company Market Share, Value 2022

4.2. Global Synthetic Wax Market: Company Revenue Share Analysis, 2022

4.3. Company Assessment Metrics, 2022

4.3.1. Stars

4.3.2. Emerging Leaders

4.3.3. Pervasive Players

4.3.4. Participants

4.4. Startups/SMEs Assessment Metrics, 2022

4.4.1. Progressive Companies

4.4.2. Responsive Companies

4.4.3. Dynamic Companies

4.4.4. Starting Blocks

4.5. Strategic Development

4.5.1. Acquisition and Mergers

4.5.2. New Product Launch

4.5.3. Regional Expansion

4.5.4. Partnerships

4.6. Key Player Product Matrix

4.7. Potential for New Players in the Global Synthetic Wax Market

 

5. Premium Insights

5.1. STAR (Situation, Task, Action, Results) Analysis

5.2. Porter’s Five Forces Analysis

5.2.1. Threat of New Entrants

5.2.2. Bargaining Power of Buyers/Consumers

5.2.3. Bargaining Power of Suppliers

5.2.4. Threat of Substitute Types

5.2.5. Intensity of Competitive Rivalry

5.3. PESTEL Analysis

5.3.1. Political Factors

5.3.2. Economic Factors

5.3.3. Social Factors

5.3.4. Technological Factors

5.3.5. Environmental Factors

5.3.6. Legal Factors

5.4. Key Market Trends

5.4.1. Demand Side Trends

5.4.2. Supply Side Trends

5.5. Value Chain Analysis

5.6. Technology Analysis

5.6.1. Research and development in the global market

5.6.2. Patent Analysis

5.6.3. Emerging technologies and their potential disruption to the market

5.7. Consumer Behaviour Analysis

5.7.1. Consumer Preferences and Expectations

5.7.2. Factors Influencing Consumer Buying Decisions

5.7.2.1. North America

5.7.2.2. Europe

5.7.2.3. Asia Pacific

5.7.2.4. Latin America

5.7.2.5. Middle East and Africa

5.7.3. Consumer Pain Points

5.8. Analysis and Recommendations

5.9. Adjacent Market Analysis

 

6. Market Positioning of Key Players, 2022

6.1. Company market share of key players, 2022

6.2. Competitive Benchmarking

6.3. Market Positioning of Key Vendors

6.4. Geographical Presence Analysis

6.5. Major Strategies Adopted by Key Players

6.5.1. Key Strategies Analysis

6.5.2. Mergers and Acquisitions

6.5.3. Partnerships

6.5.4. Product Launch

6.5.5. Geographical Expansion

6.5.6. Others

 

7. Impact Analysis of COVID-19 and Russia – Ukraine War on Synthetic Wax Market

7.1. Ukraine-Russia War Impact

7.1.1. Uncertainty and Economic Instability

7.1.2. Supply chain disruptions

7.1.3. Regional market shifts

7.1.4. Shift in government priorities

7.2. COVID-19 Impact Analysis

7.2.1. Supply Chain Disruptions

7.2.2. Demand Fluctuations

7.2.3. Shift in Product Mix

7.2.4. Reduced Industrial Activity

7.2.5. Regional Impact Analysis

7.2.5.1. North America

7.2.5.2. Europe

7.2.5.3. Asia Pacific

7.2.5.4. Latin America

7.2.5.5. Middle East and Africa

 

8. Global Synthetic Wax Market, By Application

8.1. Global Synthetic Wax Market Overview, by Application

8.1.1. Global Synthetic Wax Market Revenue Share, By Application, 2022 Vs 2030 (in %)

8.2. Plastics Processing

8.2.1. Global Synthetic Wax Market, By Plastics Processing, By Region, 2017-2030 (US$ Mn)

8.2.2. Market Dynamics for Plastics Processing

8.2.2.1. Drivers

8.2.2.2. Restraints

8.2.2.3. Opportunities

8.2.2.4. Trends

8.3. Coatings and Inks

8.3.1. Global Synthetic Wax Market, By Coatings and Inks, By Region, 2017-2030 (US$ Mn)

8.3.2. Market Dynamics for Coatings and Inks

8.3.2.1. Drivers

8.3.2.2. Restraints

8.3.2.3. Opportunities

8.3.2.4. Trends

8.4. Adhesives and Sealants

8.4.1. Global Synthetic Wax Market, By Adhesives and Sealants, By Region, 2017-2030 (US$ Mn)

8.4.2. Market Dynamics for Adhesives and Sealants

8.4.2.1. Drivers

8.4.2.2. Restraints

8.4.2.3. Opportunities

8.4.2.4. Trends

8.5. Personal Care and Cosmetics

8.5.1. Global Synthetic Wax Market, By Personal Care and Cosmetics, By Region, 2017-2030 (US$ Mn)

8.5.2. Market Dynamics for Personal Care and Cosmetics

8.5.2.1. Drivers

8.5.2.2. Restraints

8.5.2.3. Opportunities

8.5.2.4. Trends

8.6. Textiles and Fibers

8.6.1. Global Synthetic Wax Market, By Textiles and Fibers, By Region, 2017-2030 (US$ Mn)

8.6.2. Market Dynamics for Textiles and Fibers

8.6.2.1. Drivers

8.6.2.2. Restraints

8.6.2.3. Opportunities

8.6.2.4. Trends

8.7. Candles

8.7.1. Global Synthetic Wax Market, By Candles, By Region, 2017-2030 (US$ Mn)

8.7.2. Market Dynamics for Candles

8.7.2.1. Drivers

8.7.2.2. Restraints

8.7.2.3. Opportunities

8.7.2.4. Trends

 

9. Global Synthetic Wax Market, By End-Use Industry

9.1. Global Synthetic Wax Market Overview, by End-Use Industry

9.1.1. Global Synthetic Wax Market Revenue Share, By End-Use Industry, 2022 Vs 2030 (in %)

9.2. Manufacturing

9.2.1. Global Synthetic Wax Market, By Manufacturing, By Region, 2017-2030 (US$ Mn)

9.2.2. Market Dynamics for Manufacturing

9.2.2.1. Drivers

9.2.2.2. Restraints

9.2.2.3. Opportunities

9.2.2.4. Trends

9.3. Consumer Goods

9.3.1. Global Synthetic Wax Market, By Consumer Goods, By Region, 2017-2030 (US$ Mn)

9.3.2. Market Dynamics for Consumer Goods

9.3.2.1. Drivers

9.3.2.2. Restraints

9.3.2.3. Opportunities

9.3.2.4. Trends

9.4. Pharmaceutical and Healthcare

9.4.1. Global Synthetic Wax Market, By Pharmaceutical and Healthcare, By Region, 2017-2030 (US$ Mn)

9.4.2. Market Dynamics for Pharmaceutical and Healthcare

9.4.2.1. Drivers

9.4.2.2. Restraints

9.4.2.3. Opportunities

9.4.2.4. Trends

9.5. Food and Beverage

9.5.1. Global Synthetic Wax Market, By Food and Beverage, By Region, 2017-2030 (US$ Mn)

9.5.2. Market Dynamics for Food and Beverage

9.5.2.1. Drivers

9.5.2.2. Restraints

9.5.2.3. Opportunities

9.5.2.4. Trends

9.6. Automotive

9.6.1. Global Synthetic Wax Market, By Automotive, By Region, 2017-2030 (US$ Mn)

9.6.2. Market Dynamics for Automotive

9.6.2.1. Drivers

9.6.2.2. Restraints

9.6.2.3. Opportunities

9.6.2.4. Trends

9.7. Textiles and Paper

9.7.1. Global Synthetic Wax Market, By Textiles and Paper, By Region, 2017-2030 (US$ Mn)

9.7.2. Market Dynamics for Textiles and Paper

9.7.2.1. Drivers

9.7.2.2. Restraints

9.7.2.3. Opportunities

9.7.2.4. Trends

 

10. Global Synthetic Wax Market, By Type of Synthetic Wax

10.1. Global Synthetic Wax Market Overview, by Type of Synthetic Wax

10.1.1. Global Synthetic Wax Market Revenue Share, By Type of Synthetic Wax, 2022 Vs 2030 (in %)

10.2. Polyethylene (PE) Wax

10.2.1. Global Synthetic Wax Market, By Polyethylene (PE) Wax, By Region, 2017-2030 (US$ Mn)

10.2.2. Market Dynamics for Polyethylene (PE) Wax

10.2.2.1. Drivers

10.2.2.2. Restraints

10.2.2.3. Opportunities

10.2.2.4. Trends

10.3. Polypropylene (PP) Wax

10.3.1. Global Synthetic Wax Market, By Polypropylene (PP) Wax, By Region, 2017-2030 (US$ Mn)

10.3.2. Market Dynamics for Polypropylene (PP) Wax

10.3.2.1. Drivers

10.3.2.2. Restraints

10.3.2.3. Opportunities

10.3.2.4. Trends

10.4. Oxidized Polyethylene (OPE) Wax

10.4.1. Global Synthetic Wax Market, By Oxidized Polyethylene (OPE) Wax, By Region, 2017-2030 (US$ Mn)

10.4.2. Market Dynamics for Oxidized Polyethylene (OPE) Wax

10.4.2.1. Drivers

10.4.2.2. Restraints

10.4.2.3. Opportunities

10.4.2.4. Trends

10.5. Fischer-Tropsch (FT) Wax

10.5.1. Global Synthetic Wax Market, By Fischer-Tropsch (FT) Wax, By Region, 2017-2030 (US$ Mn)

10.5.2. Market Dynamics for Fischer-Tropsch (FT) Wax

10.5.2.1. Drivers

10.5.2.2. Restraints

10.5.2.3. Opportunities

10.5.2.4. Trends

10.6. Montan Wax Substitute

10.6.1. Global Synthetic Wax Market, By Montan Wax Substitute, By Region, 2017-2030 (US$ Mn)

10.6.2. Market Dynamics for Montan Wax Substitute

10.6.2.1. Drivers

10.6.2.2. Restraints

10.6.2.3. Opportunities

10.6.2.4. Trends

10.7. Polyethylene Glycol (PEG) Wax

10.7.1. Global Synthetic Wax Market, By Polyethylene Glycol (PEG) Wax, By Region, 2017-2030 (US$ Mn)

10.7.2. Market Dynamics for Polyethylene Glycol (PEG) Wax

10.7.2.1. Drivers

10.7.2.2. Restraints

10.7.2.3. Opportunities

10.7.2.4. Trends

 

11. Global Synthetic Wax Market, By Region

11.1. Global Synthetic Wax Market Overview, by Region

11.1.1. Global Synthetic Wax Market, By Region, 2022 vs 2030 (in%)

11.2. Application

11.2.1. Global Synthetic Wax Market, By Application, 2017-2030 (US$ Mn)

11.3. End-Use Industry

11.3.1. Global Synthetic Wax Market, By End-Use Industry, 2017-2030 (US$ Mn)

11.4. Type of Synthetic Wax

11.4.1. Global Synthetic Wax Market, By Type of Synthetic Wax, 2017-2030 (US$ Mn)

 

12. North America Synthetic Wax Market Analysis

12.1. Overview

12.1.1. Market Dynamics for North America

12.1.1.1. Drivers

12.1.1.2. Restraints

12.1.1.3. Opportunities

12.1.1.4. Trends

12.2. North America Synthetic Wax Market, by Application, 2017-2030(US$ Mn)

12.2.1. Overview

12.2.2. SRC Analysis

12.3. North America Synthetic Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

12.3.1. Overview

12.3.2. SRC Analysis

12.4. North America Synthetic Wax Market, by Type of Synthetic Wax, 2017-2030(US$ Mn)

12.4.1. Overview

12.4.2. SRC Analysis

12.5. North America Synthetic Wax Market, by Country, 2017-2030 (US$ Mn)

12.5.1. North America Synthetic Wax Market, by Country, 2022 Vs 2030 (in%)

12.5.2. U.S.

12.5.3. Canada

12.5.4. Mexico

 

13. Europe Synthetic Wax Market Analysis

13.1. Overview

13.1.1. Market Dynamics for North America

13.1.1.1. Drivers

13.1.1.2. Restraints

13.1.1.3. Opportunities

13.1.1.4. Trends

13.2. Europe Synthetic Wax Market, by Application, 2017-2030(US$ Mn)

13.2.1. Overview

13.2.2. SRC Analysis

13.3. Europe Synthetic Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

13.3.1. Overview

13.3.2. SRC Analysis

13.4. Europe Synthetic Wax Market, by Type of Synthetic Wax, 2017-2030(US$ Mn)

13.4.1. Overview

13.4.2. SRC Analysis

13.5. Europe Synthetic Wax Market, by Country, 2017-2030 (US$ Mn)

13.5.1. Europe Synthetic Wax Market, by Country, 2022 Vs 2030 (in%)

13.5.2. UK

13.5.3. France

13.5.4. Germany

13.5.5. Italy

13.5.6. Spain

13.5.7. Benelux

13.5.8. Russia

13.5.9. Rest of Europe

 

14. Asia Pacific Synthetic Wax Market Analysis

14.1. Overview

14.1.1. Market Dynamics for North America

14.1.1.1. Drivers

14.1.1.2. Restraints

14.1.1.3. Opportunities

14.1.1.4. Trends

14.2. Asia Pacific Synthetic Wax Market, by Application, 2017-2030(US$ Mn)

14.2.1. Overview

14.2.2. SRC Analysis

14.3. Asia Pacific Synthetic Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

14.3.1. Overview

14.3.2. SRC Analysis

14.4. Asia Pacific Synthetic Wax Market, by Type of Synthetic Wax, 2017-2030(US$ Mn)

14.4.1. Overview

14.4.2. SRC Analysis

14.5. Asia Pacific Synthetic Wax Market, by Country, 2017-2030 (US$ Mn)

14.5.1. Asia Pacific Synthetic Wax Market, by Country, 2022 Vs 2030 (in%)

14.5.2. China

14.5.3. Japan

14.5.4. India

14.5.5. South Korea

14.5.6. South East Asia

14.5.7. Rest of Asia Pacific

 

15. Latin America Synthetic Wax Market Analysis

15.1. Overview

15.1.1. Market Dynamics for North America

15.1.1.1. Drivers

15.1.1.2. Restraints

15.1.1.3. Opportunities

15.1.1.4. Trends

15.2. Latin America Synthetic Wax Market, by Application, 2017-2030(US$ Mn)

15.2.1. Overview

15.2.2. SRC Analysis

15.3. Latin America Synthetic Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

15.3.1. Overview

15.3.2. SRC Analysis

15.4. Latin America Synthetic Wax Market, by Type of Synthetic Wax, 2017-2030(US$ Mn)

15.4.1. Overview

15.4.2. SRC Analysis

15.5. Latin America Synthetic Wax Market, by Country, 2017-2030 (US$ Mn)

15.5.1. Latin America Synthetic Wax Market, by Country, 2022 Vs 2030 (in%)

15.5.2. Brazil

15.5.3. Argentina

15.5.4. Rest of Latin America

 

16. Middle East Synthetic Wax Market Analysis

16.1. Overview

16.1.1. Market Dynamics for North America

16.1.1.1. Drivers

16.1.1.2. Restraints

16.1.1.3. Opportunities

16.1.1.4. Trends

16.2. Middle East Synthetic Wax Market, by Application, 2017-2030(US$ Mn)

16.2.1. Overview

16.2.2. SRC Analysis

16.3. Middle East Synthetic Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

16.3.1. Overview

16.3.2. SRC Analysis

16.4. Middle East Synthetic Wax Market, by Type of Synthetic Wax, 2017-2030(US$ Mn)

16.4.1. Overview

16.4.2. SRC Analysis

16.5. Middle East Synthetic Wax Market, by Country, 2017-2030 (US$ Mn)

16.5.1. Middle East Synthetic Wax Market, by Country, 2022 Vs 2030 (in%)

16.5.2. UAE

16.5.3. Saudi Arabia

16.5.4. Rest of Middle East

 

17. Africa Synthetic Wax Market Analysis

17.1. Overview

17.1.1. Market Dynamics for North America

17.1.1.1. Drivers

17.1.1.2. Restraints

17.1.1.3. Opportunities

17.1.1.4. Trends

17.2. Africa Synthetic Wax Market, by Application, 2017-2030(US$ Mn)

17.2.1. Overview

17.2.2. SRC Analysis

17.3. Africa Synthetic Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

17.3.1. Overview

17.3.2. SRC Analysis

17.4. Africa Synthetic Wax Market, by Type of Synthetic Wax, 2017-2030(US$ Mn)

17.4.1. Overview

17.4.2. SRC Analysis

17.5. Africa Synthetic Wax Market, by Country, 2017-2030 (US$ Mn)

17.5.1. Middle East Synthetic Wax Market, by Country, 2022 Vs 2030 (in%)

17.5.2. South Africa

17.5.3. Egypt

17.5.4. Rest of Africa

 

18. Company Profiles

18.1. Clariant AG

18.1.1. Company Overview

18.1.2. Products/Services Portfolio

18.1.3. Geographical Presence

18.1.4. SWOT Analysis

18.1.5. Financial Summary

18.1.5.1. Market Revenue and Net Profit (2019-2022)

18.1.5.2. Business Segment Revenue Analysis

18.1.5.3. Geographical Revenue Analysis

18.2. BASF SE

18.3. Sasol

18.4. Evoik Industries AG

18.5. Honeywell International Inc

18.6. The Lubrizol Corporation

18.7. Dow

18.8. Westlake Chemical Corporation

18.9. Mitsui Chemicals Inc

18.10. The International Group Inc

18.11. Others

 

19. Research Methodology

19.1. Research Methodology

19.2. Phase I – Secondary Research

19.3. Phase II – Data Modelling

19.3.1. Company Share Analysis Model

19.3.2. Revenue Based Modelling

19.4. Phase III – Primary Research

19.5. Research Limitations

19.5.1. Assumptions

 

List of Figures

FIG. 1 Global Synthetic Wax Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom Up Approach

FIG. 3 Global Synthetic Wax Market Segmentation

FIG. 4 Global Synthetic Wax Market, by Application, 2022 (US$ Mn)

FIG. 5 Global Synthetic Wax Market, by End-Use Industry, 2022 (US$ Mn)

FIG. 6 Global Synthetic Wax Market, by Type of Synthetic Wax, 2022 (US$ Mn)

FIG. 7 Global Synthetic Wax Market, by Geography, 2022 (US$ Mn)

FIG. 8 Attractive Investment Proposition, by Application, 2022

FIG. 9 Attractive Investment Proposition, by End-Use Industry, 2022

FIG. 10 Attractive Investment Proposition, by Type of Synthetic Wax, 2022

FIG. 11 Attractive Investment Proposition, by Geography, 2022

FIG. 12 Global Market Share Analysis of Key Synthetic Wax Market Manufacturers, 2022

FIG. 13 Global Market Positioning of Key Synthetic Wax Market Manufacturers, 2022

FIG. 14 Global Synthetic Wax Market Value Contribution, By Application, 2022 & 2030 (Value %)

FIG. 15 Global Synthetic Wax Market, by Plastics Processing, Value, 2017-2030 (US$ Mn)

FIG. 16 Global Synthetic Wax Market, by Coatings and Inks, Value, 2017-2030 (US$ Mn)

FIG. 17 Global Synthetic Wax Market, by Adhesives and Sealants, Value, 2017-2030 (US$ Mn)

FIG. 18 Global Synthetic Wax Market, by Personal Care and Cosmetics, Value, 2017-2030 (US$ Mn)

FIG. 19 Global Synthetic Wax Market, by Textiles and Fibers, Value, 2017-2030 (US$ Mn)

FIG. 20 Global Synthetic Wax Market, by Candles, Value, 2017-2030 (US$ Mn)

FIG. 21 Global Synthetic Wax Market Value Contribution, By End-Use Industry, 2022 & 2030 (Value %)

FIG. 22 Global Synthetic Wax Market, by Manufacturing, Value, 2017-2030 (US$ Mn)

FIG. 23 Global Synthetic Wax Market, by Consumer Goods, Value, 2017-2030 (US$ Mn)

FIG. 24 Global Synthetic Wax Market, by Pharmaceutical and Healthcare, Value, 2017-2030 (US$ Mn)

FIG. 25 Global Synthetic Wax Market, by Food and Beverage, Value, 2017-2030 (US$ Mn)

FIG. 26 Global Synthetic Wax Market, by Automotive, Value, 2017-2030 (US$ Mn)

FIG. 27 Global Synthetic Wax Market, by Textiles and Paper, Value, 2017-2030 (US$ Mn)

FIG. 28 Global Synthetic Wax Market Value Contribution, By Type of Synthetic Wax, 2022 & 2030 (Value %)

FIG. 29 Global Synthetic Wax Market, by Polyethylene (PE) Wax, Value, 2017-2030 (US$ Mn)

FIG. 30 Global Synthetic Wax Market, by Polypropylene (PP) Wax, Value, 2017-2030 (US$ Mn)

FIG. 31 Global Synthetic Wax Market, by Oxidized Polyethylene (OPE) Wax, Value, 2017-2030 (US$ Mn)

FIG. 32 Global Synthetic Wax Market, by Fischer-Tropsch (FT) Wax, Value, 2017-2030 (US$ Mn)

FIG. 33 Global Synthetic Wax Market, by Montan Wax Substitute, Value, 2017-2030 (US$ Mn)

FIG. 34 Global Synthetic Wax Market, by Polyethylene Glycol (PEG) Wax, Value, 2017-2030 (US$ Mn)

FIG. 35 North America Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 36 U.S. Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 37 Canada Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 38 Mexico Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 39 Europe Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 40 Germany Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 41 France Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 42 U.K. Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 43 Italy Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 44 Spain Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 45 Benelux Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 46 Russia Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 47 Rest of Europe Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 48 Asia Pacific Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 49 China Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 50 Japan Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 51 India Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 52 South Korea Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 53 South-East Asia Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 54 Rest of Asia Pacific Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 55 Latin America Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 56 Brazil Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 57 Argentina Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 58 Rest of Latin America Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 59 Middle East Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 60 UAE Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 61 Saudi Arabia Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 62 Rest of Middle East Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 63 Africa Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 64 South Africa Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 65 Egypt Synthetic Wax Market, 2017-2030 (US$ Mn)

FIG. 66 Rest of Africa Synthetic Wax Market, 2017-2030 (US$ Mn)

 

List of Tables

TABLE 1 Market Snapshot: Global Synthetic Wax Market

TABLE 2 Global Synthetic Wax Market: Market Drivers Impact Analysis

TABLE 3 Global Synthetic Wax Market: Market Restraints Impact Analysis

TABLE 4 Global Synthetic Wax Market, by Competitive Benchmarking, 2022

TABLE 5 Global Synthetic Wax Market, by Geographical Presence Analysis, 2022

TABLE 6 Global Synthetic Wax Market, by Key Strategies Analysis, 2022

TABLE 7 Global Synthetic Wax Market, by Plastics Processing, By Region, 2017-2022 (US$ Mn)

TABLE 8 Global Synthetic Wax Market, by Plastics Processing, By Region, 2023-2030 (US$ Mn)

TABLE 9 Global Synthetic Wax Market, by Coatings and Inks, By Region, 2017-2022 (US$ Mn)

TABLE 10 Global Synthetic Wax Market, by Coatings and Inks, By Region, 2023-2030 (US$ Mn)

TABLE 11 Global Synthetic Wax Market, by Adhesives and Sealants, By Region, 2017-2022 (US$ Mn)

TABLE 12 Global Synthetic Wax Market, by Adhesives and Sealants, By Region, 2023-2030 (US$ Mn)

TABLE 13 Global Synthetic Wax Market, by Personal Care and Cosmetics, By Region, 2017-2022 (US$ Mn)

TABLE 14 Global Synthetic Wax Market, by Personal Care and Cosmetics, By Region, 2023-2030 (US$ Mn)

TABLE 15 Global Synthetic Wax Market, by Textiles and Fibers, By Region, 2017-2022 (US$ Mn)

TABLE 16 Global Synthetic Wax Market, by Textiles and Fibers, By Region, 2023-2030 (US$ Mn)

TABLE 17 Global Synthetic Wax Market, by Candles, By Region, 2017-2022 (US$ Mn)

TABLE 18 Global Synthetic Wax Market, by Candles, By Region, 2023-2030 (US$ Mn)

TABLE 19 Global Synthetic Wax Market, by Manufacturing, By Region, 2017-2022 (US$ Mn)

TABLE 20 Global Synthetic Wax Market, by Manufacturing, By Region, 2023-2030 (US$ Mn)

TABLE 21 Global Synthetic Wax Market, by Consumer Goods, By Region, 2017-2022 (US$ Mn)

TABLE 22 Global Synthetic Wax Market, by Consumer Goods, By Region, 2023-2030 (US$ Mn)

TABLE 23 Global Synthetic Wax Market, by Pharmaceutical and Healthcare, By Region, 2017-2022 (US$ Mn)

TABLE 24 Global Synthetic Wax Market, by Pharmaceutical and Healthcare, By Region, 2023-2030 (US$ Mn)

TABLE 25 Global Synthetic Wax Market, by Food and Beverage, By Region, 2017-2022 (US$ Mn)

TABLE 26 Global Synthetic Wax Market, by Food and Beverage, By Region, 2023-2030 (US$ Mn)

TABLE 27 Global Synthetic Wax Market, by Automotive, By Region, 2017-2022 (US$ Mn)

TABLE 28 Global Synthetic Wax Market, by Automotive, By Region, 2023-2030 (US$ Mn)

TABLE 29 Global Synthetic Wax Market, by Textiles and Paper, By Region, 2017-2022 (US$ Mn)

TABLE 30 Global Synthetic Wax Market, by Textiles and Paper, By Region, 2023-2030 (US$ Mn)

TABLE 31 Global Synthetic Wax Market, by Polyethylene (PE) Wax, By Region, 2017-2022 (US$ Mn)

TABLE 32 Global Synthetic Wax Market, by Polyethylene (PE) Wax, By Region, 2023-2030 (US$ Mn)

TABLE 33 Global Synthetic Wax Market, by Polypropylene (PP) Wax, By Region, 2017-2022 (US$ Mn)

TABLE 34 Global Synthetic Wax Market, by Polypropylene (PP) Wax, By Region, 2023-2030 (US$ Mn)

TABLE 35 Global Synthetic Wax Market, by Oxidized Polyethylene (OPE) Wax, By Region, 2017-2022 (US$ Mn)

TABLE 36 Global Synthetic Wax Market, by Oxidized Polyethylene (OPE) Wax, By Region, 2023-2030 (US$ Mn)

TABLE 37 Global Synthetic Wax Market, by Fischer-Tropsch (FT) Wax, By Region, 2017-2022 (US$ Mn)

TABLE 38 Global Synthetic Wax Market, by Fischer-Tropsch (FT) Wax, By Region, 2023-2030 (US$ Mn)

TABLE 39 Global Synthetic Wax Market, by Montan Wax Substitute, By Region, 2017-2022 (US$ Mn)

TABLE 40 Global Synthetic Wax Market, by Montan Wax Substitute, By Region, 2023-2030 (US$ Mn)

TABLE 41 Global Synthetic Wax Market, by Polyethylene Glycol (PEG) Wax, By Region, 2017-2022 (US$ Mn)

TABLE 42 Global Synthetic Wax Market, by Polyethylene Glycol (PEG) Wax, By Region, 2023-2030 (US$ Mn)

TABLE 43 Global Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 44 Global Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 45 Global Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 46 Global Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 47 Global Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 48 Global Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 49 Global Synthetic Wax Market, by Region, 2017-2022 (US$ Mn)

TABLE 50 Global Synthetic Wax Market, by Region, 2023-2030 (US$ Mn)

TABLE 51 North America Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 52 North America Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 53 North America Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 54 North America Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 55 North America Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 56 North America Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 57 North America Synthetic Wax Market, by Country, 2017-2022 (US$ Mn)

TABLE 58 North America Synthetic Wax Market, by Country, 2023-2030 (US$ Mn)

TABLE 59 United States Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 60 United States Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 61 United States Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 62 United States Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 63 United States Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 64 United States Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 65 Canada Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 66 Canada Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 67 Canada Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 68 Canada Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 69 Canada Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 70 Canada Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 71 Mexico Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 72 Mexico Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 73 Mexico Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 74 Mexico Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 75 Mexico Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 76 Mexico Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 77 Europe Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 78 Europe Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 79 Europe Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 80 Europe Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 81 Europe Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 82 Europe Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 83 Europe Synthetic Wax Market, by Country, 2017-2022 (US$ Mn)

TABLE 84 Europe Synthetic Wax Market, by Country, 2023-2030 (US$ Mn)

TABLE 85 Germany Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 86 Germany Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 87 Germany Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 88 Germany Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 89 Germany Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 90 Germany Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 91 France Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 92 France Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 93 France Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 94 France Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 95 France Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 96 France Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 97 United Kingdom Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 98 United Kingdom Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 99 United Kingdom Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 100 United Kingdom Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 101 United Kingdom Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 102 United Kingdom Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 103 Italy Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 104 Italy Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 105 Italy Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 106 Italy Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 107 Italy Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 108 Italy Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 109 Spain Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 110 Spain Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 111 Spain Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 112 Spain Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 113 Spain Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 114 Spain Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 115 Benelux Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 116 Benelux Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 117 Benelux Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 118 Benelux Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 119 Benelux Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 120 Benelux Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 121 Russia Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 122 Russia Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 123 Russia Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 124 Russia Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 125 Russia Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 126 Russia Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 127 Rest of Europe Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 128 Rest of Europe Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 129 Rest of Europe Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 130 Rest of Europe Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 131 Rest of Europe Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 132 Rest of Europe Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 133 Asia Pacific Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 134 Asia Pacific Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 135 Asia Pacific Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 136 Asia Pacific Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 137 Asia Pacific Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 138 Asia Pacific Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 139 China Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 140 China Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 141 China Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 142 China Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 143 China Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 144 China Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 145 Japan Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 146 Japan Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 147 Japan Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 148 Japan Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 149 Japan Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 150 Japan Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 151 India Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 152 India Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 153 India Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 154 India Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 155 India Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 156 India Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 157 South Korea Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 158 South Korea Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 159 South Korea Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 160 South Korea Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 161 South Korea Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 162 South Korea Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 163 South-East Asia Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 164 South-East Asia Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 165 South-East Asia Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 166 South-East Asia Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 167 South-East Asia Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 168 South-East Asia Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 169 Rest of Asia Pacific Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 170 Rest of Asia Pacific Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 171 Rest of Asia Pacific Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 172 Rest of Asia Pacific Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 173 Rest of Asia Pacific Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 174 Rest of Asia Pacific Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 175 Latin America Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 176 Latin America Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 177 Latin America Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 178 Latin America Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 179 Latin America Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 180 Latin America Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 181 Brazil Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 182 Brazil Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 183 Brazil Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 184 Brazil Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 185 Brazil Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 186 Brazil Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 187 Argentina Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 188 Argentina Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 189 Argentina Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 190 Argentina Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 191 Argentina Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 192 Argentina Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 193 Rest of Latin America Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 194 Rest of Latin America Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 195 Rest of Latin America Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 196 Rest of Latin America Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 197 Rest of Latin America Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 198 Rest of Latin America Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 199 Middle East Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 200 Middle East Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 201 Middle East Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 202 Middle East Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 203 Middle East Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 204 Middle East Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 205 UAE Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 206 UAE Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 207 UAE Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 208 UAE Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 209 UAE Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 210 UAE Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 211 Saudi Arabia Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 212 Saudi Arabia Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 213 Saudi Arabia Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 214 Saudi Arabia Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 215 Saudi Arabia Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 216 Saudi Arabia Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 217 Rest of Middle East Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 218 Rest of Middle East Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 219 Rest of Middle East Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 220 Rest of Middle East Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 221 Rest of Middle East Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 222 Rest of Middle East Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 223 Africa Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 224 Africa Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 225 Africa Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 226 Africa Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 227 Africa Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 228 Africa Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 229 South Africa Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 230 South Africa Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 231 South Africa Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 232 South Africa Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 233 South Africa Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 234 South Africa Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 235 Egypt Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 236 Egypt Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 237 Egypt Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 238 Egypt Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 239 Egypt Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 240 Egypt Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

TABLE 241 Rest of Africa Synthetic Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 242 Rest of Africa Synthetic Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 243 Rest of Africa Synthetic Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 244 Rest of Africa Synthetic Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 245 Rest of Africa Synthetic Wax Market, by Type of Synthetic Wax, 2017-2022 (US$ Mn)

TABLE 246 Rest of Africa Synthetic Wax Market, by Type of Synthetic Wax, 2023-2030 (US$ Mn)

 

Frequently Asked Questions

What is the current size of the global synthetic wax market?

The global synthetic wax market was valued at USD 9515.8 Million in 2022.

What is the expected growth rate of the synthetic wax market between 2023 and 2030?

The synthetic wax market is expected to grow at a CAGR of 5.5% between 2023 and 2030, reaching USD 14603.8 Million in 2030.

Which segment is leading the market share in terms of type of synthetic wax?

Polypropylene (PP) wax is the leading segment by type of synthetic wax, holding over 30% share in value in 2022.

Which end-use industry segment governs the global demand for synthetic wax?

The manufacturing segment governs the global demand for synthetic wax, holding a massive market share of over 28% in 2022.

Which application segment will post the highest CAGR in the forecast period?

The adhesives & sealants segment will post the highest CAGR over the projection period.

Which region is fueling the growth of the synthetic wax industry?

North America contributes to the rapid growth of the synthetic wax industry, accounting for more than one-third of its market share in 2022.

Who are the main players in the global synthetic wax market?

The top players include Clariant AG, BASF SE, Sasol, Evonik Industries AG, Honeywell International Inc., The Lubrizol Corporation, Dow, Westlake Chemical Corporation, Mitsui Chemicals Inc., The International Group Inc., and Others.

What are the major market drivers of the synthetic wax industry?

The major market drivers of the synthetic wax industry are the growing demand from end-user industries like cosmetics and packaging, the versatility of synthetic waxes in various applications, and the shift toward sustainable and eco-friendly formulations.

What are the major market restraints of the synthetic wax industry?

The major market restraints of the synthetic wax industry involve challenges related to the availability of raw materials, stringent environmental regulations, and competition from natural waxes in certain applications.

What are the major market opportunities of the synthetic wax industry?

The major market opportunities in the synthetic wax industry are the expanding cosmetics and personal care sector, driven by consumer preferences for high-quality products, and the increasing demand for sustainable packaging solutions in the packaging industry.

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