Press release
Wax Melts Market is expected to reach the value of USD 4.05 billion by 2029
Global Wax Melts Market Size, Status, and Forecast 2029. In-depth research accumulated to offer Latest insights about acute features of the global Wax Melts market. This report provides a detailed overview of key factors in the Wax Melts Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Wax Melts in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.Data Bridge Market Research analyses that the wax melts market which was growing at a value of 2.72 billion in 2021 and is expected to reach the value of USD 4.05 billion by 2029, at a CAGR of 5.10% during the forecast period.
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Some of the major players operating in the Wax Melts market
BASF SE (Germany), Clariant (Switzerland), Numaligarh Refinery Limited (India), Trecora Resources (U.S.), Indian Oil Corporation Ltd (IOCL) (India), Goyel Chemical Corporation (India), Nippon Seiro Co., Ltd. (Japan), AVERY DENNISON CORPORATION (U.S.), Marcusoil (U.S.), Mitsui Chemicals, Inc., (Japan), 3M (U.S.), Sika AG (Switzerland), Honeywell International (U.S.), Westlake Corporation (U.S.), CPCL (India) and Innospec (U.S.), among others.
Global Wax Melts Market Scope
Product Type
• Beeswax
• Para-soy Paraffin Wax-Blends
• Soy Palm
• Others
Application/End User
• Home
• Offices
• Commercial Buildings
Wax Melts Market Country Level Analysis
Wax Melts market is analyzed and market size, volume information is provided by country, site location and foundation type as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The wax melt market is dominated by North America. The positive outlook for air care and aromatherapy and growing consumer awareness of the environmental and health risks associated with the use of aerosol sprays are expected to drive demand for the brand. Additionally, changing lifestyles, hygiene concerns and busy work schedules have driven consumers to use more fragrance products, which is expected to grow in market size in the coming years. On the other hand, steady growth is expected in Europe as consumers' awareness of synthetic fragrance products increases. Additionally, consumer preference for wax melts is expected to change over the forecast period due to harmful aerosol emissions and stringent regulations on the use of aerosol fresheners.
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Important Sections from the Table of Contents:
• Global Wax Melts Market Overview
• Economic Impact on Industry
• Market Competition by Manufacturers
• Production, Revenue (Value) by Region
• Supply (Production), Consumption, Export, Import by Regions
• Production, Revenue (Value), Price Trend by Type
• Market Analysis by Application
• Manufacturing Cost Analysis
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Market Effect Factors Analysis
• Global Wax Melts Market Forecast
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