Industrial Wax Market : Worldwide Industry Analysis and New Market Opportunities Explored
The usage of paraffin wax has been quite common over the years after its discovery and the ability to be synthesized at large scales. Waxes have been used in the manufacture of candles, as coatings on structural surfaces, as additives in packaging materials, and even in the food and beverages industry. Paraffin wax can be derived from coal, shale, or petroleum and is an assortment of hydrocarbons. Wax is generally solid at room temperature and on average, starts to melt above 99 degrees Fahrenheit. The discovery of wax was advantageous to the manufacturers of candles, who previously used tallow which was less reliable as well as expensive.
The industrial applications of wax are already diverse and increasing at a slow rate over time. The most common applications of wax are created through the alteration of the crystals of wax, usually through the addition of branches to their current chains. The use of additives such as specific types of polyethylene can improve the functional properties, viscosity, and even the crystalline structure of wax. In the food industry, food-grade wax can be used to produce shiny coatings on top of candies. Food-grade wax is non-digestible, but is classified as edible and harmless and cannot be broken down in the body. Wax is also used as a protective coating for several types of cheese, which helps maintain their qualities.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=950
From the manufacture of candles to its use in coatings, packaging, polishing, food, and a vast variety of application areas and industrial products, the wax industry plays a key role in the smooth functioning of many industries. In the past few years, the rising application of candles manufacturing along with the increased use of wax across the packaging and personal care industries have significantly driven the global industrial wax market.
This report on the global industrial wax market presents a thorough overview of the present state of the market’s growth dynamics and the future growth prospects over the period between 2017 and 2025.
Global Industrial Wax Market: Scope of the Report
The report analyzes the key indicators expected to have a notable impact on the market’s growth prospects, including growth restraints, challenges, growth opportunities, and trends. Forward-looking statements in the report have been backed with vast qualitative and quantitative details about the market and its key segments.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=950
To provide a comprehensive analysis of the market, the report examines notable players in the market with the help of SWOT analysis, value chain analysis, and Porter’s five forces analysis. Analysis of key market vendors with the help of value chain and Porter’s five forces model allows the reader to gauge the state of competitiveness in the global modified bitumen market.
The study also includes a thorough section covering the market attractiveness analysis, wherein key regional markets, product varieties, applications, and end-use segments have been analyzed on the basis of attractiveness of each key region analyzed in the report. Details related to aspects such as the availability of raw materials, growth rate, profit margin, market size, technological advancements, and environmental and legal liabilities have been examined so as to derive the general attractiveness of the global industrial wax market.
Global Industrial Wax Market: Trends and Opportunities
The market for industrial waxes is largely dependent on the growth dynamics of the global oil and gas market as paraffin waxes, the most common variety of wax used across industrial applications, are derived from petroleum. Since the beginning of 2015, the global oil and gas industry has witnessed significant slowdown owing to overproduction, reduced global demand, and the consecutive reduction in prices. The resultant volatility in raw material prices, in addition to the stringent environment protection laws, has compelled companies to focus on sustainable raw materials such as polyethylene wax and beeswax.
Read Comprehensive Overview of Report@ https://www.tmrresearch.com/industrial-wax-market
The trend is expected to have a moderate impact on the overall development of the industrial wax market in the next few years as the global oil and gas industry is expected to achieve stabilization in terms of prices in the near term. The application of candles is expected to remain the leading consumers of industrial wax over the report’s forecast period as well. The packaging industry is also expected to be one of the leading consumers of industrial wax in the next few years.
Global Industrial Wax Market: Geographical and Competitive Landscape
The report provides a detailed overview of the industrial wax market across regions such as North America, Asia Pacific, Europe, and Middle East and Africa. Of these, the Asia Pacific market is presently the leading contributor of revenue to the global industrial wax market and is also the region with the most promising future growth prospects. China accounts for a significant share in the Asia Pacific industrial wax market owing to the presence of some of the leading companies in the global industrial wax market. India is also steadily becoming one of the leading markets for industrial wax. The country is expected to emerge as one of the prominent consumers of the industrial wax over the report’s forecast period.
Some of the leading companies operating in the global industrial wax market are Royal Dutch Shell Plc., Sinopec Corp., Sasol Limited., OJSC Lukoil, and ExxonMobil Corp.
About TMR Research :
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
Head - Internet Marketing
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Wax Market : Worldwide Industry Analysis and New Market Opportunities Explored here
News-ID: 620464 • Views: 313
More Releases from TMR Research
Hydrolyzed Plant Proteins Market Booming Global Industry Investments and future …
Global Hydrolyzed Plant Proteins Market: Overview Hydrolyzed plant proteins have found use in a wide range of applications in the food and beverages industry. Most commonly, the protein is used to enhance flavor in several processed food products. Several functional characteristics are key to the growing popularity of these proteins. Proteins from oil-producing plants have excellent fat binding and emulsification properties, which are being utilized by hydrolyzing these for applications that
Rose Extracts Market 2028 | Young Living Essential Oils, Thracian Oils Ltd., Fle …
Global Rose Extracts Market: Overview Pharmacological properties of key species of rose flowers are well known, and several companies have been utilizing these for skin care. This is one of the key trends propelling the steady evolution of the rose extracts market. A growing body of in-vivo and in-vitro clinical studies over the past few years have underscored the therapeutic potential of rose extracts. In skin care, rose extracts have been
Global Fruit Tea Market Analysis, Size, Share, Growth & Forecast 2018-2028: Tata …
Global Fruit Tea Market: Overview Based on the nutritive value like vitamin C, and health benefits such as great antioxidant are some of the reasons that are boosting the demand for fruit tea across the globe. Moreover, the growing popularity of the beverage in health cautious genre of population is also a crucial factor that is propelling the demand for fruit tea market. Based on these factors the global fruit
Dairy Desserts Market 2028 | General Mills Inc., Royal FrieslandCampina NV, Nest …
Global Dairy Desserts Market: Overview Who doesn’t love a good dessert after a delicious dinner or lunch? Though they are filled with high calories, they are highly in demand. However, dairy desserts are something that everybody cherishes. The variety in taste and shapes, they are being loved by every age group. Based on the delicious taste and widespread acceptance the global dairy desserts market is expected to grow substantially in the
More Releases for Wax
Global Polyethylene Wax (PE Wax) Development Overview 2019
In the recently published report, QY Research has provided a unique insight into the global Polyethylene Wax (PE Wax) market for the forecasted period of 7-years (2019-2025). The report has covered the significant aspects that are contributing the growth of the global Polyethylene Wax (PE Wax) market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting
Passenger Vehicle Wax Market Outlook - 3M, Turtle Wax, SONAX, Mother's
The latest research study from Fior Markets with the title Global Passenger Vehicle Wax Market Growth 2018-2023 offers vital insights to determine and study market anticipations, market size, and competitive structure. The market research report portrays definition, an investigation of significant updates in the market, aggressive examination and survey. This study is useful to everyone right from an analyst, expert, and manager to employee as it features a variety of
Wax paper Market : Animal Wax, Vegetable Wax, Mineral Wax, and Petroleum Wax and …
Wax paper is a type of paper that has been made moisture-proof by applying wax. A lightweight paper material that has been coated lightly with a wax substance on both sides of the paper is known as wax paper. The wax coating enables this material to repel and effectively hold liquids, and provide a non-sticking surface for various types of applications such as food ingredients and baking products. In food
Ski&Snowboard Wax Market 2018: Darent Wax, Datawax, Rex, ONE-BALL, Start Ski Wax
Qyresearchreports include new market research report “Global Ski&Snowboard Wax Sales Market Report 2018” to its huge collection of research reports. Global Ski&Snowboard Wax market competition by top manufacturers/players, with Ski&Snowboard Wax sales volume, Price (USD/MT), revenue (Million USD) and market share for each manufacturer/player; the top players including Swix Maplus Dominator Start Ski Wax Burton Fast Wax Holmenkol Hertel Wax Maxiglide Products Darent Wax Datawax Rex ONE-BALL Purl Wax ZumWax Nanox Ski Wax FREE | Request Sample is Available at: https://www.qyresearchreports.com/sample/sample.php?rep_id=1808273&type=S The report then moves on to slice and
report studies the Slack Wax market. Slack wax is a mixture of oil and wax
This report studies the Slack Wax market. Slack wax is a mixture of oil and wax, obtained from lubricating oil. Slack wax is the crude wax produced by chilling and solvent filter-pressing wax distillate. It serves as feedstock and that is further refined and blended to create value-added petroleum wax products. Scope of the Report: This report focuses on the Slack Wax in United States market, to split the market based on
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013