Global Wax Market

Global Wax Market 2023-2027

The wax market is forecasted to grow by USD 1,723.06 mn during 2022-2027, accelerating at a CAGR of 3.24% during the forecast period. The report on the 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 growing demand for synthetic and bio-based waxes, growing cosmetic sector, and implementation of wax in food products and flexible food packaging.

Technavio's wax market is segmented as below:

By Application

• Candle
• Packaging
• Rubber
• Personal care
• Corrugated boards and others

By Type

• Mineral wax
• Synthetic
• Natural

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the effective use of recycled plastics in wax production as one of the prime reasons driving the wax market growth during the next few years. Also, shift in preference toward synthetic and natural waxes and growing industrial application of wax will lead to sizable demand in the market.

The report on the wax market covers the following areas:

• Wax market sizing
• Wax market forecast
• 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 wax market vendors that include BASF SE, Blended Waxes Inc., Calumet Specialty Products Partners LP, Clariant International Ltd., Compania Espanola de Petroleos SA, Eni SpA, Exxon Mobil Corp., Hansen and Rosenthal GmbH and Co. KG, Hexion Inc., HollyFrontier Corp., Honeywell International Inc., Kerax Ltd., Lodha Petro, Mitsui Chemicals Inc., NIPPON SEIRO CO. LTD., Sasol Ltd., Shell plc, Siwax Group, The International Group Inc., and The Lubrizol Corp.. Also, the 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.