Press release
Industrial Wax Market to reach USD 9.4 Bn by 2027, emerging at a CAGR of 4.3 percent and forecast (2022-2027)
Industrial Wax Market
Industrial Wax Market Report Scope and Research Methodology
Wax is a commonly used ingredient in industrial applications, primarily for coatings. Polyethylene and polypropylene waxes are primarily used in the production of plastic colorants. Paints benefit from the texturing effects and wear resistance provided by waxes. Industrial wax is a raw material used in candle production, which is a major driver of market growth. Growing consumer demand for new and innovative candles in different shapes, sizes, and scents has led to increased demand for industrial wax.
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The report investigates the Industrial Wax market's drivers, limitations, prospects, and barriers. The key drivers for the market include consistent development in candle manufacturing with global product advancement, while the key restraint is the decreasing use of paraffin wax in packaging due to health concerns. The report also highlights the key opportunity in the market, which is the growing need for bio-based items in the cosmetics sector.
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Industrial Wax Market Dynamics
The report includes investor recommendations based on a thorough examination of the Industrial Wax market's contemporary competitive scenario. Despite the coronavirus outbreak, which has affected demand for candles due to city lockdowns, stoppage of production activities, supply chain interruption, decreased consumer buying, and decreased per capita income, the market is expected to recover in the forecast period.
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Overall, the report provides a detailed analysis of the Industrial Wax market, including its market size, scope, research methodology, drivers, restraints, and regional insights, providing investors and stakeholders with valuable insights into the market's current and future prospects.
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Industrial Wax Market Regional Insights
China has substantial capacity in industrial wax production and exports more than half of the total output to North American and European nations. The inclusion of candles in decorative objects is also a growing customer demand in home décor.
Industrial Wax Market Segmentation
By Type:
• Fossil-based waxes
• Synthetic waxes
• Bio-based waxes
By Application:
• Candles
• Packaging
• Coatings & Polishing
• Hot Melt Adhesive
• Tire & Rubber
• Cosmetics & Personal Care
• Food
• Others
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Industrial Wax Market Key Competitors include:
• ExxonMobil
• Royal Dutch Shell PLC
• Sinopec
• Sasol Ltd
• CEPSA
• Hollyfrontier Corporation
• Calumet Specialty Products Partners
• Gandhar Oil refinery
• Numaligarh Refinery Limited
• Petróleo Brasileiro
• THE PJSC Lukoil Oil Company
• Hase Petroleum Wax
• First Source Worldwide
• Calwax
• Candlewic Co.
Table of Content for Industrial Wax Market:
Global Industrial Wax Market: Research Methodology
Global Industrial Wax Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Industrial Wax Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Industrial Wax Market Segmentation
Global Market, by Type (2021-2027)
Global Market, by Application (2021-2027)
Regional Industrial Wax Market (2021-2027)
Regional Market, by Type (2021-2027)
Regional Market, by Application (2021-2027)
Regional Market, by Country (2021-2027)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2027
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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