Industrial Wax Market Report Presents A Thorough Overview Of The Present State, Growth Dynamics, And The Future Growth Prospects Till 2025
The usage of paraffin wax has been quite common over the years after its discovery and the ability to be synthesized at large scales. Waxes have been used in the manufacture of candles, as coatings on structural surfaces, as additives in packaging materials, and even in the food and beverages industry. Paraffin wax can be derived from coal, shale, or petroleum and is an assortment of hydrocarbons. Wax is generally solid at room temperature and on average, starts to melt above 99 degrees Fahrenheit. The discovery of wax was advantageous to the manufacturers of candles, who previously used tallow which was less reliable as well as expensive.
The industrial applications of wax are already diverse and increasing at a slow rate over time. The most common applications of wax are created through the alteration of the crystals of wax, usually through the addition of branches to their current chains. The use of additives such as specific types of polyethylene can improve the functional properties, viscosity, and even the crystalline structure of wax. In the food industry, food-grade wax can be used to produce shiny coatings on top of candies. Food-grade wax is non-digestible, but is classified as edible and harmless and cannot be broken down in the body. Wax is also used as a protective coating for several types of cheese, which helps maintain their qualities.
Access Full Report @
From the manufacture of candles to its use in coatings, packaging, polishing, food, and a vast variety of application areas and industrial products, the wax industry plays a key role in the smooth functioning of many industries. In the past few years, the rising application of candles manufacturing along with the increased use of wax across the packaging and personal care industries have significantly driven the global industrial wax market.
This report on the global industrial wax market presents a thorough overview of the present state of the market’s growth dynamics and the future growth prospects over the period between 2017 and 2025.
Global Industrial Wax Market: Scope of the Report
The report analyzes the key indicators expected to have a notable impact on the market’s growth prospects, including growth restraints, challenges, growth opportunities, and trends. Forward-looking statements in the report have been backed with vast qualitative and quantitative details about the market and its key segments.
To provide a comprehensive analysis of the market, the report examines notable players in the market with the help of SWOT analysis, value chain analysis, and Porter’s five forces analysis. Analysis of key market vendors with the help of value chain and Porter’s five forces model allows the reader to gauge the state of competitiveness in the global modified bitumen market.
The study also includes a thorough section covering the market attractiveness analysis, wherein key regional markets, product varieties, applications, and end-use segments have been analyzed on the basis of attractiveness of each key region analyzed in the report. Details related to aspects such as the availability of raw materials, growth rate, profit margin, market size, technological advancements, and environmental and legal liabilities have been examined so as to derive the general attractiveness of the global industrial wax market.
Get an idea about the offerings of our report from Report Brochure @
Global Industrial Wax Market: Trends and Opportunities
The market for industrial waxes is largely dependent on the growth dynamics of the global oil and gas market as paraffin waxes, the most common variety of wax used across industrial applications, are derived from petroleum. Since the beginning of 2015, the global oil and gas industry has witnessed significant slowdown owing to overproduction, reduced global demand, and the consecutive reduction in prices. The resultant volatility in raw material prices, in addition to the stringent environment protection laws, has compelled companies to focus on sustainable raw materials such as polyethylene wax and beeswax.
The trend is expected to have a moderate impact on the overall development of the industrial wax market in the next few years as the global oil and gas industry is expected to achieve stabilization in terms of prices in the near term. The application of candles is expected to remain the leading consumers of industrial wax over the report’s forecast period as well. The packaging industry is also expected to be one of the leading consumers of industrial wax in the next few years.
Global Industrial Wax Market: Geographical and Competitive Landscape
The report provides a detailed overview of the industrial wax market across regions such as North America, Asia Pacific, Europe, and Middle East and Africa. Of these, the Asia Pacific market is presently the leading contributor of revenue to the global industrial wax market and is also the region with the most promising future growth prospects. China accounts for a significant share in the Asia Pacific industrial wax market owing to the presence of some of the leading companies in the global industrial wax market. India is also steadily becoming one of the leading markets for industrial wax. The country is expected to emerge as one of the prominent consumers of the industrial wax over the report’s forecast period.
Some of the leading companies operating in the global industrial wax market are Royal Dutch Shell Plc., Sinopec Corp., Sasol Limited., OJSC Lukoil, and ExxonMobil Corp.
Get TOC for Detailed Facts and Numbers @
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121
View More Trending Reports @
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Wax Market Report Presents A Thorough Overview Of The Present State, Growth Dynamics, And The Future Growth Prospects Till 2025 here
News-ID: 2335650 • Views: 232
More Releases from TMR Research
Biorefinery Market Higher Growth Rate and Forecast 2017 – 2025 | Bayer Materia …
Global Biorefinery Market: Overview The global market for biorefinery has been expanding at a sturdy rate over the past decade and is expected to attract commendable demand over the forthcoming years. Biorefineries are sometimes called as environment-friendly power houses because they convert biomass into usable power. Furthermore, the emission from the conversion of biomass into power is also minimal which is beneficial for the environment. A thermal reactor is used to
Waste Heat Boiler Market In-Depth Analysis and Forecast 2017-2025 | Thermax, Gen …
Global Waste Heat Boiler Market: Overview Waste heat generated from a variety of operations across a number of industries can prove to be a valuable resource when used wisely. The energy typically lost in waste heat can be used by waste heat boilers to heat water or to evaporate water into steam. The superheated steam thus generated in the boiler is used across nearby steam users. A range of applications utilize
Industrial Control Transformer Market New Era Of Industry and Forecast 2017-2025 …
Global Industrial Control Transformer Market: Overview An industrial control transformer is an isolation transformer employed for providing good voltage regulation and a high degree of voltage stability in case of power overload or voltage spikes. Also called as control transformers, control power transformers, or machine tool transformers, these devices are designed essentially for industrial applications where electromagnetic devices such as solenoids and relays are employed. Control transformers maximize the output voltage
Cryogenic Valve Market Robust pace of Industry during 2017-2025 | Parker, Emerso …
Cryogenic Valve Market - Snapshot Cryogenic Valves are made to be utilized in extremely cold applications. The size of the global cryogenic valve market is likely to be expanded by its rising demand from firms that deal with Compressed Natural Gas (CNG) or Liquefied Natural Gas (LNG). In addition to that, a few of the gases do not fall under the category of 'cryogenic' gases owing to their temperature. However, those
More Releases for Wax
Wax Emulsion Market
Wax emulsion is a mixture of one or more waxes in water. Waxes are usually immiscible with water under stable temperature and pressure. Wax emulsions usually refers to oil in water emulsion of any kind of wax. In order to make them miscible with water, waxes are mixed with surfactants. Waxes have a significant impact on several formulations and processes. Hence, they are used in various application. The wax emulsion
2020-2026 Candle Wax Global Market 2020: CJ robinson, IGI Wax, Lone Star, BASF, …
The newly issued research report provides comprehensive and an in-depth assessment of the "Global Candle Wax Market Forecast 2020-2026", which will also offer relevant data for the new industry entrants as well as well-established Candle Wax market players. According to the study, the worldwide Candle Wax market report unfolds the current and historical Candle Wax industry scenarios, Candle Wax market development patterns and is expected to proceed with continuous manufacturing
Global Polyethylene Wax (PE Wax) Development Overview 2019
In the recently published report, QY Research has provided a unique insight into the global Polyethylene Wax (PE Wax) market for the forecasted period of 7-years (2019-2025). The report has covered the significant aspects that are contributing the growth of the global Polyethylene Wax (PE Wax) market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting
Passenger Vehicle Wax Market Outlook - 3M, Turtle Wax, SONAX, Mother's
The latest research study from Fior Markets with the title Global Passenger Vehicle Wax Market Growth 2018-2023 offers vital insights to determine and study market anticipations, market size, and competitive structure. The market research report portrays definition, an investigation of significant updates in the market, aggressive examination and survey. This study is useful to everyone right from an analyst, expert, and manager to employee as it features a variety of
Wax paper Market : Animal Wax, Vegetable Wax, Mineral Wax, and Petroleum Wax and …
Wax paper is a type of paper that has been made moisture-proof by applying wax. A lightweight paper material that has been coated lightly with a wax substance on both sides of the paper is known as wax paper. The wax coating enables this material to repel and effectively hold liquids, and provide a non-sticking surface for various types of applications such as food ingredients and baking products. In food
report studies the Slack Wax market. Slack wax is a mixture of oil and wax
This report studies the Slack Wax market. Slack wax is a mixture of oil and wax, obtained from lubricating oil. Slack wax is the crude wax produced by chilling and solvent filter-pressing wax distillate. It serves as feedstock and that is further refined and blended to create value-added petroleum wax products. Scope of the Report: This report focuses on the Slack Wax in United States market, to split the market based on