Wax Market (Product: Petroleum & Mineral Wax, Synthetic Wax, and Natural Wax; and Application: Candles, Packaging, Wood & Fire Logs, Rubber, Adhesives, Cosmetics, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Wax Market (Product: Petroleum & Mineral Wax, Synthetic Wax, and Natural Wax; and Application: Candles, Packaging, Wood & Fire Logs, Rubber, Adhesives, Cosmetics, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031


Wax Market – Scope of Report

TMR’s report on the global wax market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global wax market for the period 2017–2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global wax market from 2023 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the wax market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global wax market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global wax market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global wax market.

The report delves into the competitive landscape of the global wax market. Key players operating in the global wax market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global wax market profiled in this report.

Key Questions Answered in Global wax Market Report
  • What is the sales/revenue generated by wax across all regions during the forecast period?
  • What are the opportunities in the global wax market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which segment is expected to generate the highest revenue globally in 2031?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?
Wax – Research Objectives and Research Approach

The comprehensive report on the global wax market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global wax market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global wax market.


1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Key Facts and Figures
1.4. Trends Impacting Market
1.5. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Key Developments
2.3. Market Definitions
2.4. Key Market Trends
2.5. Market Dynamics
  2.5.1. Drivers
  2.5.2. Restraints
  2.5.3. Opportunities
2.6. Global Wax Market Analysis and Forecast, 2023-2031
  2.6.1. Global Wax Market Volume (Kilo Tons)
  2.6.2. Global Wax Market Revenue (US$ Bn)
2.7. Porter’s Five Forces Analysis
2.8. Regulatory Landscape
2.9. Value Chain Analysis
  2.9.1. List of Raw Material Suppliers
  2.9.2. List of Key Manufacturers
  2.9.3. List of Key Suppliers
  2.9.4. List of Potential Customers
2.10. Product Specification Analysis
2.11. Production Overview
2.12. Cost Structure Analysis
3. COVID-19 Impact Analysis
3.1. Impact on Supply Chain of Wax
3.2. Impact on Demand for Wax– Pre & Post Crisis
4. Production Output Analysis (Tons), 2022
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. Latin America
4.5. Middle East & Africa
5. Impact of Current Geopolitical Scenario on Market
6. Price Trend Analysis and Forecast (US$/Ton), 2023-2031
6.1. Price Trend Analysis by Product
6.2. Price Trend Analysis by Region
7. Global Wax Market Analysis and Forecast, by Product, 2023–2031
7.1. Introduction and Definitions
7.2. Global Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  7.2.1. Petroleum & Mineral Wax
7.2.1.1. Paraffin Wax
7.2.1.2. Microcrystalline Wax
7.2.1.3. Others
  7.2.2. Synthetic Wax
7.2.2.1. Gas-to-liquids (GTL) Wax
7.2.2.2. Polymer Wax
7.2.2.3. Others
  7.2.3. Natural Wax
7.2.3.1. Beeswax
7.2.3.2. Vegetable Wax
7.2.3.3. Others
7.3. Global Wax Market Attractiveness, by Product
8. Global Wax Market Analysis and Forecast, by Application, 2023–2031
8.1. Introduction and Definitions
8.2. Global Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  8.2.1. Candles
  8.2.2. Packaging
  8.2.3. Wood & Fire Logs
  8.2.4. Rubber
  8.2.5. Adhesives
  8.2.6. Cosmetics
  8.2.7. Others
8.3. Global Wax Market Attractiveness, by Application
9. Global Wax Market Analysis and Forecast, by Region, 2023–2031
9.1. Key Findings
9.2. Global Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Region, 2023–2031
  9.2.1. North America
  9.2.2. Europe
  9.2.3. Asia Pacific
  9.2.4. Latin America
  9.2.5. Middle East & Africa
9.3. Global Wax Market Attractiveness, by Region
10. North America Wax Market Analysis and Forecast, 2023–2031
10.1. Key Findings
10.2. North America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
10.3. North America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
10.4. North America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country, 2023–2031
  10.4.1. U.S. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  10.4.2. U.S. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  10.4.3. Canada Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  10.4.4. Canada Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
10.5. North America Wax Market Attractiveness Analysis
11. Europe Wax Market Analysis and Forecast, 2023–2031
11.1. Key Findings
11.2. Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
11.3. Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
11.4. Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
  11.4.1. Germany Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Type, 2023–2031
  11.4.2. Germany. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  11.4.3. France Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  11.4.4. France. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  11.4.5. U.K. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  11.4.6. U.K. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  11.4.7. Italy Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  11.4.8. Italy Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  11.4.9. Russia & CIS Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  11.4.10. Russia & CIS Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  11.4.11. Rest of Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  11.4.12. Rest of Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
11.5. Europe Wax Market Attractiveness Analysis
12. Asia Pacific Wax Market Analysis and Forecast, 2023–2031
12.1. Key Findings
12.2. Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product
12.3. Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
12.4. Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
  12.4.1. China Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  12.4.2. China Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  12.4.3. Japan Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  12.4.4. Japan Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  12.4.5. India Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  12.4.6. India Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  12.4.7. ASEAN Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  12.4.8. ASEAN Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  12.4.9. Rest of Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  12.4.10. Rest of Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
12.5. Asia Pacific Wax Market Attractiveness Analysis
13. Latin America Wax Market Analysis and Forecast, 2023–2031
13.1. Key Findings
13.2. Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
13.3. Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
13.4. Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
  13.4.1. Brazil Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  13.4.2. Brazil Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  13.4.3. Mexico Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  13.4.4. Mexico Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  13.4.5. Rest of Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  13.4.6. Rest of Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
13.5. Latin America Wax Market Attractiveness Analysis
14. Middle East & Africa Wax Market Analysis and Forecast, 2023–2031
14.1. Key Findings
14.2. Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
14.3. Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
14.4. Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
  14.4.1. GCC Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  14.4.2. GCC Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  14.4.3. South Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  14.4.4. South Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
  14.4.5. Rest of Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023–2031
  14.4.6. Rest of Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023–2031
14.5. Middle East & Africa Wax Market Attractiveness Analysis
15. Competition Landscape
15.1. Global Wax Market Company Share Analysis, 2022
15.2. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)
  15.2.1. China National Petroleum Corporation (CNPC)
15.2.1.1. Company Revenue
15.2.1.2. Business Overview
15.2.1.3. Product Segments
15.2.1.4. Geographic Footprint
15.2.1.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.2. Sasol Wax
15.2.2.1. Company Revenue
15.2.2.2. Business Overview
15.2.2.3. Product Segments
15.2.2.4. Geographic Footprint
15.2.2.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.3. The International Group, Inc.
15.2.3.1. Company Revenue
15.2.3.2. Business Overview
15.2.3.3. Product Segments
15.2.3.4. Geographic Footprint
15.2.3.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.4. Lukoil
15.2.4.1. Company Revenue
15.2.4.2. Business Overview
15.2.4.3. Product Segments
15.2.4.4. Geographic Footprint
15.2.4.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.5. Petroleo Brasileiro S.A.
15.2.5.1. Company Revenue
15.2.5.2. Business Overview
15.2.5.3. Product Segments
15.2.5.4. Geographic Footprint
15.2.5.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.6. Shell plc
15.2.6.1. Company Revenue
15.2.6.2. Business Overview
15.2.6.3. Product Segments
15.2.6.4. Geographic Footprint
15.2.6.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.7. ExxonMobil
15.2.7.1. Company Revenue
15.2.7.2. Business Overview
15.2.7.3. Product Segments
15.2.7.4. Geographic Footprint
15.2.7.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.8. Total Petrochemicals & Refining USA Inc.
15.2.8.1. Company Revenue
15.2.8.2. Business Overview
15.2.8.3. Product Segments
15.2.8.4. Geographic Footprint
15.2.8.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.9. Petro-Canada
15.2.9.1. Company Revenue
15.2.9.2. Business Overview
15.2.9.3. Product Segments
15.2.9.4. Geographic Footprint
15.2.9.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.10. Sinopec Limited
15.2.10.1. Company Revenue
15.2.10.2. Business Overview
15.2.10.3. Product Segments
15.2.10.4. Geographic Footprint
15.2.10.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
  15.2.11. Petroleos de Venezuela SA
15.2.11.1. Company Revenue
15.2.11.2. Business Overview
15.2.11.3. Product Segments
15.2.11.4. Geographic Footprint
15.2.11.5. Production Capacity/Plant Details, etc. (*As Applicable)
15.2.11.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
16. Primary Research: Key Insights
17. Appendix

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings