Global Wax Market Growth 2023-2029

Global Wax Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Wax Industry Forecast” looks at past sales and reviews total world Wax sales in 2022, providing a comprehensive analysis by region and market sector of projected Wax sales for 2023 through 2029. With Wax sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wax industry.

This Insight Report provides a comprehensive analysis of the global 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 Wax portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wax market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Wax.

The global Wax market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Major wax producers in the global wax industry include China National Petroleum Corporation, Sinopec, Exxon Mobil Corporation, Sasol, Lukoil, Shell, Nippon, Westlake Chemical, Petrobras, Total, Rosneft and IGI Wax, Clariant, and Romonta.

This report presents a comprehensive overview, market shares, and growth opportunities of Wax market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Petroleum and Mineral Wax

Synthetic Wax

Natural Wax

Segmentation by application

Candles

Packaging

Board Sizing

Rheology/Surface

Health

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.

China National Petroleum Corporation

Sinopec Limited

Exxon Mobil Corporation

Sasol

Lukoil

Shell

Nippon

Westlake Chemical

Petrobras

Total

Rosneft

IGI Wax

Clariant

ROMONTA

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wax market?

What factors are driving Wax market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wax market opportunities vary by end market size?

How does 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.