Global Microcrystalline Wax Market Growth 2023-2029

Global Microcrystalline Wax Market Growth 2023-2029

Microcrystalline wax, any petroleum-derived plastic material that differs from paraffin waxes in having much finer and less-distinct crystals and higher melting point and viscosity. Microcrystalline waxes may be made from the residue of crude petroleum by refining; or they may be made from petroleum jelly by removing the oil with a solvent. Their physical properties may be controlled by the temperature of the solvents. Methods of separation include solvent dilution, chilling, centrifuging, filtering, and various combinations of these.
LPI (LP Information)' newest research report, the “Microcrystalline Wax Industry Forecast” looks at past sales and reviews total world Microcrystalline Wax sales in 2022, providing a comprehensive analysis by region and market sector of projected Microcrystalline Wax sales for 2023 through 2029. With Microcrystalline Wax sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microcrystalline Wax industry.
This Insight Report provides a comprehensive analysis of the global Microcrystalline Wax landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microcrystalline Wax portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Microcrystalline Wax market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microcrystalline Wax and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microcrystalline Wax.
The global Microcrystalline Wax market size is projected to grow from US$ 727.8 million in 2022 to US$ 994.7 million in 2029; it is expected to grow at a CAGR of 994.7 from 2023 to 2029.
Global Microcrystalline Wax main manufactuers include Sasol, Sonneborn, The International Group (IGI) and Sinopec Nanyang Energy Chemical, totally accounting for 20% of the market. Asia Pacific is the largest market, with a share about 30%. As for the types of products, it can be divided into laminating grade, coating grade, hardening grade and others. The most common type is laminating grad, with a share over 58%. As for the types of application, it is widely used in packaging, tire and rubber, cosmetics and personal care, adhesives and others. The most common application is packing, with a share over 32%.
This report presents a comprehensive overview, market shares, and growth opportunities of Microcrystalline Wax market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Laminating Grade
Coating Grade
Hardening Grade
Others
Segmentation by application
Packaging
Tire and Rubber
Cosmetics and Personal Care
Adhesives
Others
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sonneborn
Repsol
Sasol
Paramelt
The International Group (IGI)
Indian Oil
Sinopec Nanyang Energy Chemical
Calumet
Kahlwax
Kerax
Industrial Raw Materials (IRM)
China Taiwan Wax
CEPSA
Nippon Seiro
Blended Waxes (BWI)
SQI
Dongnam Petrochemicals
Key Questions Addressed in this Report
What is the 10-year outlook for the global Microcrystalline Wax market?
What factors are driving Microcrystalline Wax market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Microcrystalline Wax market opportunities vary by end market size?
How does Microcrystalline Wax break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.