Global Wax Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Wax Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

Waxes are a diverse class of organic compounds that are lipophilic, malleablesolids near ambient temperatures. They include higher alkanes and lipids, typically with melting points above about 40 °C (104 °F), melting to give low viscosity liquids. Waxes are insoluble in water but soluble in organic, nonpolar solvents. Natural waxes of different types are produced by plants and animals and occur in petroleum.

According to APO Research, The global Wax market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Wax is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Wax is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Wax is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Wax include China National Petroleum Corporation, Sinopec Limited, Exxon Mobil Corporation, Sasol, Lukoil, Shell, Nippon, Westlake Chemical and Petrobras, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Wax, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wax.
The Wax market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wax market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

China National Petroleum Corporation
Sinopec Limited
Exxon Mobil Corporation
Sasol
Lukoil
Shell
Nippon
Westlake Chemical
Petrobras
Total
Rosneft
IGI Wax
Clariant
ROMONTA
Wax segment by Type

Petroleum and Mineral Wax
Synthetic Wax
Natural Wax
Wax segment by Application

Candles
Packaging
Board Sizing
Rheology/Surface
Health
Others
Wax Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Wax market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Wax and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Wax.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wax manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Wax in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Wax Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Wax Sales Estimates and Forecasts (2019-2030)
1.3 Wax Market by Type
1.3.1 Petroleum and Mineral Wax
1.3.2 Synthetic Wax
1.3.3 Natural Wax
1.4 Global Wax Market Size by Type
1.4.1 Global Wax Market Size Overview by Type (2019-2030)
1.4.2 Global Wax Historic Market Size Review by Type (2019-2024)
1.4.3 Global Wax Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Wax Sales Breakdown by Type (2019-2024)
1.5.2 Europe Wax Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Wax Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Wax Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Wax Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Wax Industry Trends
2.2 Wax Industry Drivers
2.3 Wax Industry Opportunities and Challenges
2.4 Wax Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Wax Revenue (2019-2024)
3.2 Global Top Players by Wax Sales (2019-2024)
3.3 Global Top Players by Wax Price (2019-2024)
3.4 Global Wax Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Wax Key Company Manufacturing Sites & Headquarters
3.6 Global Wax Company, Product Type & Application
3.7 Global Wax Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Wax Market CR5 and HHI
3.8.2 Global Top 5 and 10 Wax Players Market Share by Revenue in 2023
3.8.3 2023 Wax Tier 1, Tier 2, and Tier 3
4 Wax Regional Status and Outlook
4.1 Global Wax Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Wax Historic Market Size by Region
4.2.1 Global Wax Sales in Volume by Region (2019-2024)
4.2.2 Global Wax Sales in Value by Region (2019-2024)
4.2.3 Global Wax Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Wax Forecasted Market Size by Region
4.3.1 Global Wax Sales in Volume by Region (2025-2030)
4.3.2 Global Wax Sales in Value by Region (2025-2030)
4.3.3 Global Wax Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Wax by Application
5.1 Wax Market by Application
5.1.1 Candles
5.1.2 Packaging
5.1.3 Board Sizing
5.1.4 Rheology/Surface
5.1.5 Health
5.1.6 Others
5.2 Global Wax Market Size by Application
5.2.1 Global Wax Market Size Overview by Application (2019-2030)
5.2.2 Global Wax Historic Market Size Review by Application (2019-2024)
5.2.3 Global Wax Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Wax Sales Breakdown by Application (2019-2024)
5.3.2 Europe Wax Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Wax Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Wax Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Wax Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 China National Petroleum Corporation
6.1.1 China National Petroleum Corporation Comapny Information
6.1.2 China National Petroleum Corporation Business Overview
6.1.3 China National Petroleum Corporation Wax Sales, Revenue and Gross Margin (2019-2024)
6.1.4 China National Petroleum Corporation Wax Product Portfolio
6.1.5 China National Petroleum Corporation Recent Developments
6.2 Sinopec Limited
6.2.1 Sinopec Limited Comapny Information
6.2.2 Sinopec Limited Business Overview
6.2.3 Sinopec Limited Wax Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Sinopec Limited Wax Product Portfolio
6.2.5 Sinopec Limited Recent Developments
6.3 Exxon Mobil Corporation
6.3.1 Exxon Mobil Corporation Comapny Information
6.3.2 Exxon Mobil Corporation Business Overview
6.3.3 Exxon Mobil Corporation Wax Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Exxon Mobil Corporation Wax Product Portfolio
6.3.5 Exxon Mobil Corporation Recent Developments
6.4 Sasol
6.4.1 Sasol Comapny Information
6.4.2 Sasol Business Overview
6.4.3 Sasol Wax Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Sasol Wax Product Portfolio
6.4.5 Sasol Recent Developments
6.5 Lukoil
6.5.1 Lukoil Comapny Information
6.5.2 Lukoil Business Overview
6.5.3 Lukoil Wax Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Lukoil Wax Product Portfolio
6.5.5 Lukoil Recent Developments
6.6 Shell
6.6.1 Shell Comapny Information
6.6.2 Shell Business Overview
6.6.3 Shell Wax Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Shell Wax Product Portfolio
6.6.5 Shell Recent Developments
6.7 Nippon
6.7.1 Nippon Comapny Information
6.7.2 Nippon Business Overview
6.7.3 Nippon Wax Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Nippon Wax Product Portfolio
6.7.5 Nippon Recent Developments
6.8 Westlake Chemical
6.8.1 Westlake Chemical Comapny Information
6.8.2 Westlake Chemical Business Overview
6.8.3 Westlake Chemical Wax Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Westlake Chemical Wax Product Portfolio
6.8.5 Westlake Chemical Recent Developments
6.9 Petrobras
6.9.1 Petrobras Comapny Information
6.9.2 Petrobras Business Overview
6.9.3 Petrobras Wax Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Petrobras Wax Product Portfolio
6.9.5 Petrobras Recent Developments
6.10 Total
6.10.1 Total Comapny Information
6.10.2 Total Business Overview
6.10.3 Total Wax Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Total Wax Product Portfolio
6.10.5 Total Recent Developments
6.11 Rosneft
6.11.1 Rosneft Comapny Information
6.11.2 Rosneft Business Overview
6.11.3 Rosneft Wax Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Rosneft Wax Product Portfolio
6.11.5 Rosneft Recent Developments
6.12 IGI Wax
6.12.1 IGI Wax Comapny Information
6.12.2 IGI Wax Business Overview
6.12.3 IGI Wax Wax Sales, Revenue and Gross Margin (2019-2024)
6.12.4 IGI Wax Wax Product Portfolio
6.12.5 IGI Wax Recent Developments
6.13 Clariant
6.13.1 Clariant Comapny Information
6.13.2 Clariant Business Overview
6.13.3 Clariant Wax Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Clariant Wax Product Portfolio
6.13.5 Clariant Recent Developments
6.14 ROMONTA
6.14.1 ROMONTA Comapny Information
6.14.2 ROMONTA Business Overview
6.14.3 ROMONTA Wax Sales, Revenue and Gross Margin (2019-2024)
6.14.4 ROMONTA Wax Product Portfolio
6.14.5 ROMONTA Recent Developments
7 North America by Country
7.1 North America Wax Sales by Country
7.1.1 North America Wax Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Wax Sales by Country (2019-2024)
7.1.3 North America Wax Sales Forecast by Country (2025-2030)
7.2 North America Wax Market Size by Country
7.2.1 North America Wax Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Wax Market Size by Country (2019-2024)
7.2.3 North America Wax Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Wax Sales by Country
8.1.1 Europe Wax Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Wax Sales by Country (2019-2024)
8.1.3 Europe Wax Sales Forecast by Country (2025-2030)
8.2 Europe Wax Market Size by Country
8.2.1 Europe Wax Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Wax Market Size by Country (2019-2024)
8.2.3 Europe Wax Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Wax Sales by Country
9.1.1 Asia-Pacific Wax Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Wax Sales by Country (2019-2024)
9.1.3 Asia-Pacific Wax Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Wax Market Size by Country
9.2.1 Asia-Pacific Wax Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Wax Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Wax Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Wax Sales by Country
10.1.1 Latin America Wax Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Wax Sales by Country (2019-2024)
10.1.3 Latin America Wax Sales Forecast by Country (2025-2030)
10.2 Latin America Wax Market Size by Country
10.2.1 Latin America Wax Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Wax Market Size by Country (2019-2024)
10.2.3 Latin America Wax Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Wax Sales by Country
11.1.1 Middle East and Africa Wax Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Wax Sales by Country (2019-2024)
11.1.3 Middle East and Africa Wax Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Wax Market Size by Country
11.2.1 Middle East and Africa Wax Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Wax Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Wax Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Wax Value Chain Analysis
12.1.1 Wax Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Wax Production Mode & Process
12.2 Wax Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Wax Distributors
12.2.3 Wax Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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