Wax Market witness 3% CAGR during the projected timespan.

"Wax Market is forecast to exceed USD 10 billion; according to a new research report by Global Market Insights, Inc.

The increasing spending power of consumers and their approach to improved living standards globally has given a considerable rise to the personal grooming sector. Due to which, the wax market has been rising significantly with a moderate CAGR. Wax has several applications in several end use industries for instance, cosmetics, packaging, coatings, adhesives etc. Waxes are natural compounds that are moldable solids to the surrounding temperature. They incorporate higher alkanes and lipids, generally with melting point above 40 °C, for providing low viscous fluids. These widespread uses of wax will see surged product demand by 2024.

Escalation of e-commerce websites and consumer awareness has given rise to sophisticated packaging as well. These new packaging formats need wax as its key component. This improved packaging processes will boost the wax market in the near future. However, the main obstacle which may restrain the wax market growth is its raw material’s volatile prices. Oscillating crude oil and petroleum price fluctuations disturb the demand and supply dynamics of wax market.

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In accordance to products, natural wax will hold a moderate share in the wax market by 2024. There are majorly two types of waxes i.e. bees wax and vegetable wax. Beeswax is the most commonly used wax, it is extracted from bee hives prepared by the worker bees. The beeswax is bleached and processed for application in food, pharmaceuticals and personal care industries. Furthermore, vegetable waxes are extracted from various vegetables that are used in making candles, fragrance additive, etc.
According to its applications, cosmetics have acquired a respectable portion of the total wax market. Personal care products require wax as one of its major components which is propelling the wax market. Wax helps in the thickening of the lipid part of the cosmetic products and prevents admixtures from unravelling into their liquid and oil constituents. Moreover, waxes are used heavily in lipsticks to provide them the desired strength and stability. Currently, wax is being immensely used in hair care products as it provides strength and shape to hair for longer timespan.

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Based on regions, North America shall be one of the fastest growing regions in the wax market. In North America, industrial demand for wax is rising rapidly for its industrial applications in adhesives, coatings & inks and plastic & rubber processing. These applications mostly require lucrative waxes, thus boosting the demand for wax and increasing production efficiency with minimal production costs. Therefore, in North America, waxes for industrial use will propel the wax market more than the commercial applications. Furthermore, strong personal care industry growth in the region will complement wax market by 2024.

Wax market is vast and widespread, there are quite a number of players that manufacture wax, but 70% share of the wax market is being divided among the few major wax manufacturing giants such as International Group Inc., Sasol, Exxon Mobil Corporation, Lukoil and Royal Dutch Shell. There are other players also producing wax such as China National Petroleum Corporation, Sinopec Limited, Total Petrochemicals, Repsol, Honeywell, Petróleos de Venezuela SA etc. The major players in the market are strategizing acquisitions and ventures to strengthen its production and distribution channel. For instance, Sasol SA joined its operations with local wax producers and distributors to increase its production and distribution network.

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Wax research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Wax market of product by application
o Petroleum and mineral
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Paraffin
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Microcrystalline
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Others
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
o Synthetic
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 GTL waxes
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Polymer waxes
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Others
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
o Natural
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Bees wax
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Vegetable wax
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
 Others
 Candles
 Packaging
 Wood & fire-logs
 Rubber
 Adhesive
 Cosmetics
 Others
Wax market by application
o Candles
o Packaging
o Wood & fire-logs
o Rubber
o Adhesive
o Cosmetics
o Others
The above information is provided on a regional and country basis for the following:
o North America
 U.S.
 Canada
o Europe
 UK
 Germany
 France
 Spain
 Italy
 Russia
o Asia Pacific
 China
 India
 Japan
 Australia
 Indonesia
 Malaysia
o Latin America
 Brazil
 Mexico
o Middle East & Africa
 South Africa
 GCC

Report Content
Chapter 6. Wax Market, By Region
6.1. Global wax market share by region, 2016 & 2024
6.2. North America
6.2.1. North America market estimates and forecast, 2013 - 2024
6.2.2. North America market estimates and forecast of product by application, 2013 – 2024
6.2.3. North America market estimates and forecast by application, 2013 – 2024
6.2.4. U.S.
6.2.4.1. U.S market estimates and forecast, 2013 - 2024
6.2.4.2. U.S. market estimates and forecast of product by application, 2013 – 2024
6.2.4.3. U.S. market estimates and forecast, by application, 2013 – 2024
6.2.5. Canada
6.2.5.1. Canada market estimates and forecast, 2013 - 2024
6.2.5.2. Canada market estimates and forecast of product by application, 2013 – 2024
6.2.5.3. Canada market estimates and forecast, by application, 2013 – 2024
6.3. Europe
6.3.1. Europe market estimates and forecast, 2013 - 2024
6.3.2. Europe market estimates and forecast of product by application, 2013 – 2024
6.3.3. Europe market estimates and forecast by application, 2013 – 2024
6.3.4. Germany
6.3.4.1. Germany market estimates and forecast, 2013 – 2024
6.3.4.2. Germany market estimates and forecast of product by application, 2013 – 2024
6.3.4.3. Germany market estimates and forecast by application, 2013 – 2024
6.3.5. UK
6.3.5.1. UK market estimates and forecast, 2013 - 2024
6.3.5.2. UK market estimates and forecast of product by application, 2013 – 2024
6.3.5.3. UK market estimates and forecast by application, 2013 – 2024
6.3.6. France
6.3.6.1. France market estimates and forecast, 2013 - 2024
6.3.6.2. France market estimates and forecast of product by application, 2013 – 2024
6.3.6.3. France market estimates and forecast by application, 2013 – 2024
6.3.7. Italy
6.3.7.1. Italy market estimates and forecast, 2013 - 2024
6.3.7.2. Italy market estimates and forecast of product by application, 2013 – 2024
6.3.7.3. Italy market estimates and forecast by application, 2013 – 2024
6.3.8. Spain
6.3.8.1. Spain market estimates and forecast, 2013 - 2024
6.3.8.2. Spain market estimates and forecast of product by application, 2013 – 2024
6.3.8.3. Spain market estimates and forecast by application, 2013 – 2024
6.3.9. Russia
6.3.9.1. Russia market estimates and forecast, 2013 - 2024
6.3.9.2. Russia market estimates and forecast of product by application, 2013 – 2024
6.3.9.3. Russia market estimates and forecast by application, 2013 – 2024
6.4. Asia Pacific
6.4.1. Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2. Asia Pacific market estimates and forecast of product by application, 2013 – 2024
6.4.3. Asia Pacific market estimates and forecast by application, 2013 – 2024
6.4.4. China
6.4.4.1. China market estimates and forecast, 2013 - 2024
6.4.4.2. China market estimates and forecast of product by application, 2013 – 2024
6.4.4.3. China market estimates and forecast by application, 2013 – 2024
6.4.5. India
6.4.5.1. India market estimates and forecast, 2013 - 2024
6.4.5.2. India market estimates and forecast of product by application, 2013 – 2024
6.4.5.3. India market estimates and forecast by application, 2013 – 2024
6.4.6. Japan
6.4.6.1. Japan market estimates and forecast, 2013 - 2024
6.4.6.2. Japan market estimates and forecast of product by application, 2013 – 2024
6.4.6.3. Japan market estimates and forecast by application, 2013 – 2024
6.4.7. Australia
6.4.7.1. Australia market estimates and forecast, 2013 - 2024
6.4.7.2. Australia market estimates and forecast of product by application, 2013 – 2024
6.4.7.3. Australia market estimates and forecast by application, 2013 – 2024
6.4.8. Indonesia
6.4.8.1. Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2. Indonesia market estimates and forecast of product by application, 2013 – 2024
6.4.8.3. Indonesia market estimates and forecast by application, 2013 – 2024
6.4.9. Malaysia
6.4.9.1. Malaysia market estimates and forecast, 2013 - 2024
6.4.9.2. Malaysia market estimates and forecast of product by application, 2013 – 2024
6.4.9.3. Malaysia market estimates and forecast by application, 2013 – 2024
6.5. Latin America (LATAM)
6.5.1. LATAM market estimates and forecast, 2013 - 2024
6.5.2. LATAM market estimates and forecast of product by application, 2013 – 2024
6.5.3. LATAM market estimates and forecast by application, 2013 – 2024
6.5.4. Brazil
6.5.4.1. Brazil market estimates and forecast, 2013 - 2024
6.5.4.2. Brazil market estimates and forecast of product by application, 2013 – 2024
6.5.4.3. Brazil market estimates and forecast by application, 2013 – 2024
6.5.5. Mexico
6.5.5.1. Mexico market estimates and forecast, 2013 - 2024
6.5.5.2. Mexico market estimates and forecast of product by application, 2013 – 2024
6.5.5.3. Mexico market estimates and forecast by application, 2013 – 2024
6.6. Middle East & Africa (MEA)
6.6.1. MEA market estimates and forecast, 2013 - 2024
6.6.2. MEA market estimates and forecast of product by application, 2013 – 2024
6.6.3. MEA market estimates and forecast by application, 2013 – 2024
6.6.4. South Africa
6.6.4.1. South Africa market estimates and forecast, 2013 - 2024
6.6.4.2. South Africa market estimates and forecast of product by application, 2013 – 2024
6.6.4.3. South Africa market estimates and forecast by application, 2013 – 2024
6.6.5. GCC
6.6.5.1. GCC market estimates and forecast, 2013 - 2024
6.6.5.2. GCC market estimates and forecast of product by application, 2013 – 2024
6.6.5.3. GCC market estimates and forecast by application, 2013 – 2024
Chapter 7. Company Profiles
7.1. China National Petrochemical Corporation
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. SWOT analysis
7.1.5. Strategic outlook
7.2. Sasol Wax
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. SWOT analysis
7.2.5. Strategic outlook
7.3. International Group, Inc.
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. SWOT analysis
7.3.5. Strategic outlook
7.4. Lukoil Company
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. SWOT analysis
7.4.5. Strategic outlook
7.5. Petroleo Brasileiro S.A. (Petrobras)
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. SWOT analysis
7.5.5. Strategic outlook
7.6. Royal Dutch Shell PLC
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. SWOT analysis
7.6.5. Strategic outlook
7.7. ExxonMobil Corporation
7.7.1. Business overview
7.7.2. Financial data
7.7.3. Product landscape
7.7.4. SWOT analysis
7.7.5. Strategic outlook
7.8. Total S.A.
7.8.1. Business overview
7.8.2. Financial data
7.8.3. Product landscape
7.8.4. SWOT analysis
7.8.5. Strategic outlook
7.9. Petro-Canada Lubricants Inc.
7.9.1. Business overview
7.9.2. Financial data
7.9.3. Product landscape
7.9.4. SWOT analysis
7.9.5. Strategic outlook
7.10. Petroleos de Venezuela, S.A.
7.10.1. Business overview
7.10.2. Financial data
7.10.3. Product landscape
7.10.4. SWOT analysis
7.10.5. Strategic outlook
7.11. Sinopec Limited
7.11.1. Business overview
7.11.2. Financial data
7.11.3. Product landscape
7.11.4. SWOT analysis
7.11.5. Strategic outlook

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