Wax Additives Market Quantitative Market analysis, Current and Future Trends forecast 2021-2027 | Clariant, Honeywell

The global “Wax Additives” market report 2021-2027 provides comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Wax Additives market. The report focuses on well-known providers in the global Wax Additives industry, market segments, competition, and the macro environment.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

The global Wax Additives market exhibited moderate growth during 2021-2027. Looking forward, the market to grow at a CAGR of around 4.2%.

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The leading market players listed are:

BYK, Candlewic, Lubrizol, Deuteron, NANJING TIANSHI NEW MATERIAL TECHNOLOGIES, Michelman, Clariant, Honeywell

A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players.

Market Overview:

Over the medium term, the major factor driving the market studied is the increasing demand from the candle and packaging industries​. Growing personal care industry in the Asia-Pacific region​ is the other factor driving the market studied.
On the flip side, fluctuating prices of raw materials and environmental concerns are expected to hinder the growth of the market.
The Asia-Pacific region is expected to dominate the market, and it is also likely to witness highest CAGR during the forecast period.

Types of Products:

Natural Waxes
Semi-synthetic Waxes
Synthetic Waxes

Application spectrum:

Coating
Printing Ink
Leather Finishing
Others

Regions and Countries Level Analysis:

The Asia-Pacific region dominated the global market share, due to the concentration of dominant petroleum wax producing refineries in countries, like China and India.
Asia-Pacific is also projected to register the highest growth during the forecast period, driven by increasing production and consumption of cosmetics, adhesives, and packaging products in the region. Asia-Pacific demand has reached higher levels in the past few years and has become a major hub for exporting cosmetics and personal care products.
India is a growing economy and holds great potential for future market opportunities. With the increasing focus on personal appearance, aging population, and quality of living, the country's use of cosmetic and personal care products is increasing. The country's market for beauty and wellness increased over the past decade, reaching USD 14 billion in 2019.

The report offers an in-depth assessment of the growth and other aspects of the Wax Additives market in important countries (regions), including:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Market Analysis:

Cosmetics and personal care is one of the major applications of wax. It is used to thicken formulations. It provides stability to skincare products and cosmetics with emollient and protective qualities, and it boosts their viscosity and consistency. The personal care industry accounted for a healthy share in the global market in 2019.​
The Asia-Pacific region has become the largest consumer, as well as producer of wax. The production reached high levels in the past few years, and the region has become a significant hub for exporting cosmetics and personal care products to the developed countries, such as the United States.​
The personal care market accounted for more 21% of the Indian consumer packaged goods market in 2019, potentially being the gold mine for certain beauty and personal care companies. With the rising awareness, changing consumption pattern and lifestyle, increasing disposable income, and improving purchasing power, the demand for personal care products is likely to increase over the forecast period.​

Research Objectives:

To study and analyze the global Wax Additives consumption (value & volume) by key regions/countries, type and application, history data from 2021 to 2027, and forecast to 2027.

To understand the structure of Wax Additives market by identifying its various subsegments.

Focuses on the key global Wax Additives manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Wax Additives with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Wax Additives submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

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