Wax Market evaluates the market share held by the key Players of the industry and offers a full assessment of the competitive landscape. This market is fragmented into different segments with the insightful analysis of each segment with respect to the geography for the study period. Based on the historical data, the report evaluation future prospects and provides the market trends, size, growth, and estimation for the period 2018-2025.
Wax is a type of organic compound that is malleable at room temperature. It melts above a temperature of 450 C turns into a low viscosity fluid. Wax offers resistance to air and water. So, it is used in various industries such as packaging, cosmetics, and adhesive. Waxes are used for production of impregnating paper, wax paper and coating paper. It is used to for resistance against staining and to moderate its surface properties.
The Wax market is segmented by product as petroleum and mineral wax, synthetic wax and natural wax. The petroleum and mineral wax is further segmented into paraffin wax. Microcrystalline wax and others (including semi-crystalline wax, petroleum jelly, etc.). Paraffin wax has the greatest market share. The synthetic wax is further classified into gas-to-liquids (GTL) wax, polymer wax and others (including montan wax, etc.).
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Synthetic wax has similar properties of paraffin wax and can be used to replace them in many applications. The natural wax is further segmented into beeswax, vegetable wax and others (including animal wax, Japan wax, rice bran wax, etc.). The wax market is segmented by end user as candles, packaging, wood & fire-logs, rubber, adhesive, cosmetics and others (including crayons, laminates, inks, polishes, insulation, etc.). Candles are the largest end user segment. Packaging and cosmetics sector are expected to grow during the forecast period. The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved. The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The key driver for Wax market is the growth of end-user industries like packaging and cosmetics. The gas-to-liquids technology is anticipated to offer new opportunities for market players during the forecast period. The physical properties of wax are projected to boost its demand in cosmetics and packaging industries during the forecast period. This will help to fuel the wax market during the forecast period. The key constraints of this market are closure of Group I base oil refineries and limited supply of wax.
Geographically, the Wax market has been segmented into regions such as Asia Pacific, North America, Europe, Latin America and Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
1.Introduction
2.Executive Summary
3.Market Analysis
4.Wax Market Analysis By Product
5.Wax Market Analysis By End-User
6.Wax Market Analysis By Geography
7.Competitive Landscape Of The Wax Companies
8.Company Profiles Of The Wax Industry
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