Hydrocarbon Waxes Market Projected to Reach $5.3 Billion by 2033 | Fact.MR

In the recently released study, Fact.MR has offered comprehensive details regarding the price points of major hydrocarbon wax manufacturers positioned across regions, sales growth, manufacturing capacity, and speculative technological advancement. Fact.MR: A Supplier of Competitive Intelligence and Market Research: The global Hydrocarbon Waxes Market (炭化水素ワックス市場) is predicted to increase at a CAGR of 3.0% from 2023 to 2033, with a valuation of US$ 3.9 billion, according to Fact.MR, a supplier of market research and competitive information. Rubber, paints & varnishes, lubricating additives, and metalworking fluids all include hydrocarbon waxes. Hydrocarbon waxes have become attractive raw materials in a range of end-use sectors because of their superior cost-efficiency when compared to rival commodities.

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As hydrocarbon waxes are denser, darker, and more flexible than paraffin wax, they are in higher demand. Over the projected period, the market is expected to grow as a result of rising demand for wax additives, which is implied by their key characteristics, such as excellent water repellency, non-toxicity, and superior chemical resistance as well as ozone & aging protective additive.

In order to avoid equipment corrosion and wear and tear, lubricants have been employed in production units. The market for hydrocarbon waxes is expanding as a result of more lubricants being used in manufacturing facilities.

Key Takeaways from Market Study

The global hydrocarbon waxes demand is expected to grow at 3.0% CAGR and will reach a valuation of US$ 5.3 billion by end of the forecast period

The market experienced a growth rate of 2.5% during the historic period of 2018-2022

Under the application segment, plastic additives widely utilize hydrocarbon waxes and held a valuation of US$ 1.4 billion in 2022

North America dominates hydrocarbon waxes utilization in the global market with a 26.4% share in 2022

Based on region, demand for hydrocarbon waxes is estimated to increase at CAGRs of 4.8% and 6.1%, respectively in Europe and South Asia & Oceania
Soaring Production of PVC/HDPE is Likely to Fuel Market Growth for Hydrocarbon Wax, says a Fact.MR analyst.

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Market Development

Leading manufacturers of hydrocarbon waxes are

Blended Waxes Inc.
ExxonMobil Corp.
Kerax Limited
King Honor International Lt
Poth Hille & Company Limited
Valan Wax Products Limited

Producers are following various organic and inorganic approaches to stay competitive in the market. A customer base might be challenging to maintain considering how quickly technology is developing. Players are adopting forward integration as their main approach in order to respond to changing market circumstances. Key suppliers are also concentrating on increasing their manufacturing capacities to keep up with the escalating demand.

For instance, In February 2021, Sasol Ltd. collaborated with GrnCat, a waste management solutions company, to develop a solution for recovering wax from spent catalysts, in keeping with its priority SDG: Responsible Production & Consumption

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global hydrocarbon waxes market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of application (plastic additives, rubber, paints & coatings, metal working fluids, lubricating adhesives) across major regions of the world.

Browse Full Report @ https://www.factmr.com/report/hydrocarbon-waxes-market

Table of Content ( Includes Global Market- Pricing Point Analysis )

Market - Executive Summary
Market Overview
2.1. Market Definition and Introduction

2.2. Market Taxonomy/ Research Scope

Market Background and Foundation Data
3.1. Hydrocarbon Waxes: Production Process

3.2. Hydrocarbon Waxes: Apparent Production & Consumption Analysis

3.2.1. Production Capacity (Kilo Tons)

3.2.1.1. By Key Regions

3.2.1.2. By Key Companies

3.2.2. Consumption Statistics

3.2.3. Apparent Trade Analysis

3.3. Market Opportunity Assessment

3.3.1. Total Available Market (US$ million)

3.3.2. Serviceable Addressable Market (US$ million)

Global Demand (Tons) Analysis and Forecast
4.1. Historical Market Volume (Tons) Analysis, 2018-2022

4.2. Current and Future Market Volume (Tons) Projections, 2023-2033

4.3. Y-o-Y Volume Growth Trend Analysis

Global Market - Pricing Analysis
5.1. Country-Level Pricing Analysis

5.2. Global Average Pricing Analysis Benchmark

5.3. Factors Influencing Pricing

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