Global Industrial Wax Market 2024-2028
Global Industrial Wax Market 2024-2028
The industrial wax market is forecasted to grow by USD 1417.8 mn during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the industrial wax market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for industrial wax in coating applications, increased demand for industrial wax from personal care industry, and increasing industrial wax production capacity.
Technavio's industrial wax market is segmented as below:
By Product
- Fossil based waxes
- Synthetic based waxes
- Bio-based waxes
By End-user
- Candle manufacturing
- Cosmetic
- Packaging
- Coatings and polishes
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the industrial research and development activities as one of the prime reasons driving the industrial wax market growth during the next few years. Also, emergence of technology to convert recycled plastics into wax and growing inclination for bio-based wax in industrial applications will lead to sizable demand in the market.
The report on the industrial wax market covers the following areas:
- Industrial wax market sizing
- Industrial wax market forecast
- Industrial wax market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial wax market vendors that include American Fuel and Petrochemical Manufacturers, American Refining Group Inc., BASF SE, Blayson Group Ltd., Calumet Specialty Products Partners LP, Compania Espanola de Petroleos SA, Evonik Industries AG, Exxon Mobil Corp., Gandhar Oil Refinery India Ltd., HollyFrontier Corp., Honeywell International Inc., Indian Oil Corp. Ltd., Kerax Ltd., Lodha Petro, Numaligarh Refinery Ltd., Sasol Ltd., Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., Sonneborn LLC, and The International Group Inc.. Also, the industrial wax market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.