Press release
Industrial Wax Market is Forecasted to Reach US$ 10.54 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global industrial wax market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1145/industrial-wax-market.html#form
Report Highlights:
Market Size in 2028: US$ 10.54 billion
Growth (CAGR): 4.08% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Industrial wax Market:
The global industrial wax market is segmented based on product type, application type, and region.
Based on product type - The market is segmented as synthetic-based wax, bio-based wax, and fossil-based wax. Fossil-based wax is likely to be the largest segment of the industrial wax market during the forecast period, owing to it being widely used in the cosmetic industry for manufacturing products such as mascara, moisturizing creams, lipstick, and sunblocks. Besides, it is also used for making candles, packaging, and coatings of commercial products, which in turn, is driving the growth of the segment.
Based on application type - The market is segmented as packaging, tires & rubber, candles, holt-melt adhesives, cosmetics & personal care, food, coatings & polishes, and others. The packaging segment is likely to be the most attractive segment during the forecast period as the demand for moisture-resistant material for packaging is increasing globally.
To know the most attractive segments, click here:
https://stratviewresearch.com/1145/industrial-wax-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the largest industrial wax market during the forecast period. This growth outlook is majorly attributed to the following-
• China, Japan, and India, being the major countries with lucrative growth opportunities.
• The region is known to be the largest consumer of industrial wax, owing to the growth in the production and consumption of candles, packaging products, and coatings.
Industrial Wax Market Drivers:
Some of the key drivers listed in the report are given below.
• Robust demand for chemicals and petroleum-based products has been the key factor immensely contributing to the growth of the market.
• The growing population, technological advancements in the wax market, and increasing per capita income in emerging countries such as China and India are underpinning the growth of the market.
Top Companies in the Industrial Wax Market:
Stratview Research has identified the following companies as the top market players.
• Akzo Nobel NV
• BASF SE
• Dow Corning Ltd.
• Hexion Inc.
• Honeywell International Inc.
• Momentive Performance Materials
• Petroleo Brasileir
• Royal Dutch Shell
• Sinopec
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Industrial Wax Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Bone Wax Market: https://stratviewresearch.com/2575/Bone-Wax-Market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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