Wax Emulsion Market Size, Share & Global Insights 2022-2030

The North America wax emulsion market was valued at US$ 405.14 million in 2023 and is expected to reach US$ 553.09 million by 2031; it is estimated to register a CAGR of 4.0% from 2023 to 2031.
Paints & coatings are used for decorative purposes and enhancing surface properties such as corrosion resistance, scratch-resistance, adhesion, appearance, and water resistance. Paints & coatings are increasingly used in end-use industries such as construction, furniture, packaging, automotive & transportation, and other industrial applications. Wax emulsions are an integral component of paints & coatings. Polyethylene wax emulsions are used in aqueous coatings due to their characteristics such as physical stability, fine particle size, anti-scuff properties, waterproofing, gloss, and ease of handling. Wax emulsions are also used in wood polishes and finishes and outdoor timber treatment. Wax emulsions render wood with abrasion resistance, waterproofing, and anti-blocking properties. It also finds application in metal components and automotive coatings. The growing global sales of electric vehicles drive the demand for high-performance coatings and electrical insulating coatings. According to the International Energy Agency, the electric car market has witnessed exponential growth in the past few years, with reported global sales of more than 10 million electric cars in 2023.
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According to the US Census Bureau, the total construction spending in the US accounted for US$ 740.8 billion during the first five months of 2023. The investment was spent on the development of offices, commercial spaces, transportation, highways, and streets. The growth in the global construction industry propels the demand for architectural paints & coatings. According to the American Coatings Association report published in February 2023, in 2021, the US coatings industry shipped architectural coatings worth more than US$ 14 billion; industrial OEM coatings worth US$ 8.7 billion; and special purpose coatings such as marine paints, military-specified coatings, and automotive refinish paints worth US$ 4 billion. Thus, growth in the paints & coatings industry fuels the wax emulsion market.
MARKET INTRODUCTION
Based on type, the North America wax emulsion market is segmented into polyethylene, polypropylene, paraffin, vegetable-based, and others. The others segment held the largest market share in 2023.
In terms of application, the North America wax emulsion market is categorized into paints & coatings, printing inks, textile, personal care, packaging, and others. The paints & coatings segment held the largest market share in 2023.
By country, the North America wax emulsion market is segmented into the US, Canada, and Mexico. The US dominated the North America wax emulsion market share in 2023.
BASF SE, Hexion Inc, Repsol SA, Sasol Ltd, The Lubrizol Corp, Clariant AG, Michelman Inc, H&R Group, and Productos Concentrol SA., are some of the leading companies operating in the North America wax emulsion market.List of Companies Profiled in the Wax Emulsiot Market Report are:
• BASF SE
• Hexion Inc
• Repsol SA
• Sasol Ltd
• The Lubrizol Corp
• Clariant AG
• Michelman Inc
• H&R Group
• Productos Concentrol SA

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Key Segmentation:

Deployment Mode (Cloud Based and On-Premise),
The Wax Emulsiot Market is categorized into type, application, and country.
• Based on type, the Wax Emulsiot Market is segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
• In terms of application, the Wax Emulsiot Market is segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
• By country, the Wax Emulsiot Market is segmented into the US, Canada, and Mexico. The US dominated the Wax Emulsiot Market share in 2022.
North America transformer services market, in 2021. The growth of the segment is primarily attributed to the increase in need for maintenance and repair activities in order to make sure its internal and external parts are in good condition and to maintain a record of its condition. Based on application, the power transformers segment held the largest share of the North America transformer services market. The rise in energy demand, increase in renewable power generation, growing initiatives for smart cities & urbanization are the key factors responsible for the demand of power transformer. Thus, such factors are driving the North America transformer services market growth.

Table of Contents

Based on material, the Mexico Logistics market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the North America transformer services market in 2022.
Based on size, the Mexico Logistics market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the North America transformer services market in 2022.

Based on country, the North America transformer services market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the North America transformer services market in 2022.

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